T206 Lumley Old Mill from Greg Morris

[inceptus]

Well, my max $800 bid didn’t quite get the job done…




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[Mountaineer1999]

I didn't see your thread when I posted.
Yea. I thought I was going to be competitve... nope.

[abothebear]

What’s going on here? I don’t know a ton about Old Mills. Why did it go for almost ten times your max bid. Was it a rare-colored Old Mill?

[inceptus]

I believe there are only two graded by PSA, and none by SGC. So it's a rare one for sure.

[raulus]

There were really only 2 bidders above the $1,700 mark. And they both bid right at the end of the auction, probably using snipe services.

Could just be a simple case where two bidders really wanted it, and typed in a crazy high number to make sure that they got it. And in the end, one of them typed in a number larger than the other, so got it.

Of course, with that strategy, sometimes the winner might end up paying a lot more than they really wanted to, and so the price can end up being a bit inflated.

Hopefully they actually pay up now!

[Rhotchkiss]

Originally Posted by abothebear

What’s going on here? I don’t know a ton about Old Mills. Why did it go for almost ten times your max bid. Was it a rare-colored Old Mill?

In general, old mill is not a particularly rare back. That said, there are a number of players where finding an old mill back is near impossible - some are 1 of 1s or super low pop. I really only collect HOFers, so I am not sure about the combo in question, but I suspect it’s a very rare combo; I can tell you Walter Johnson portrait and Cobb bat on in old mill are super tough. I believe Magee is tough as well.

There are 4 reasons why this went so high: (1) someone doing an old mill subset, (2) someone doing a player back run, (3) someone trying to put together a master set, or (4) someone who collects super rare cards or t206 front/back combos

[atx840]

It went from $650 to almost 8k in one minute, wild. The underbidder definitely thought they had it at that price.

[Exhibitman]

Ain’t sniping software grand?

[inceptus]

I think some of the recent Tolstoi results demonstrate that there are some deep pockets chasing these low-pop “common” cards.

I had to talk myself into an $800 ceiling for this card, but I pretty much assumed from the outset that it would reach low four figures. I did not see $7.7K coming. I imagine Greg Morris didn’t see it coming either…


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