PDA

View Full Version : Analysis of PWCC Vintage Auction 10/13/19


Rhotchkiss
10-14-2019, 01:40 PM
The vintage portion of PWCC's October auction ended last night. I did not bid. However, there were a few cards that I was otherwise interested in, and I did follow the auction to see where final bidding on those cards ended up. Below is a list of cards that I followed in last night's PWCC auction that were also in an earlier/previous and recent PWCC auction OR were recently sold in other auctions/places. The cards listed below compare last night's result to the previous sale of the same exact card.

I am sure there are many other cards auctioned last night that were previously and recently auctioned by PWCC or another auction house; and I followed a few other cards that were not recently and previously sold before last night (e.g., T206 Red Cobb PSA 7 and T206 Wajo Pitching PSA 5). However, the list below is only of cards that I followed (and fit my collection) and were also recently sold by PWCC or elsewhere. I state this because, although I certainly have an opinion on this matter, I have not gone looking for cards to make a point.

Below I list the card I was following, then last night's sales price compared to what the card sold for before that and the date (and by what auction house/media). At the bottom, are pictures of each card listed with the price, as shown on VCP.

What are your thoughts about the results listed below? And please do not let this thread devolve into a series of angry rants about how everyone (or me) is crooked, everyone (or me) is dumb, etc.

PWCC & PWCC Sales

T206 Mathewson White Cap, PSA 5
PWCC - 10/13/19: $1,934.99
PWCC - 8/11/19: $2,228.00 (13.15% reduction)

T206 Cobb Green Portrait, SGC 4
PWCC - 10/13/19: $11,356
PWCC - 1/13/19: $13,099 (13.3% reduction)

T206 Lajoie Portrait, PSA 5
PWCC - 10/13/19: $2,376
PWCC - 11/7/18: $2,606 (8.82% reduction)

T206 Waddell Portrait, PSA 6
PWCC - 10/13/19: $2,176
PWCC - 7/8/18: $2,964 (26.59% reduction)

E93 Cobb, PSA 3
PWCC - 10/13/19: $3,739
PWCC - 10/14/18: $3,518 (6.28% increase)

E120 Ruth, PSA 5
PWCC - 10/13/19: $14,336
PWCC - 2/5/18: $14,771 (2.95% reduction)

PWCC and Other AH Sales

T206 Walsh Portrait, PSA 8
PWCC - 10/13/19: $8,300
Heritage - 9/20/18: $9,600 (13.54% reduction)

E105 Young, PSA 5
PWCC - 10/13/19: $2,827
Ebay BIN - 3/22/18: $3,250 (13% reduction)

oldjudge
10-14-2019, 02:06 PM
Looks like PWCC on the decline. Good thing we have BlackJadedWolf to show us the way.

Peter_Spaeth
10-14-2019, 02:09 PM
Looks like PWCC on the decline. Good thing we have BlackJadedWolf to show us the way.

Need way more than 8 cards to draw any conclusions.

mechanicalman
10-14-2019, 02:26 PM
I always appreciate someone using real data to spark discussion as opposed to just another emotional rant. That said, I think some of the decline from this limited set could be explained by time of year. In the past few years I’ve tracked cards, it appears there’s a little dip in prices as we get into Q4. That might account for a few of those percentage points.

MULLINS5
10-14-2019, 02:32 PM
Addition of sales tax and FBI involvement sparking fear of shill bids probably are in play

egbeachley
10-14-2019, 02:33 PM
All things equal, a decline should be expected for the same card being sold a short time after prior sale. The winning bidder is no longer a bidder (theoretically).

t206fanatic
10-14-2019, 03:02 PM
All things equal, a decline should be expected for the same card being sold a short time after prior sale. The winning bidder is no longer a bidder (theoretically).

these are my thoughts as well.

I do love a good data driven post with pictures though!

Jgrace
10-14-2019, 03:12 PM
All things equal, a decline should be expected for the same card being sold a short time after prior sale. The winning bidder is no longer a bidder (theoretically).



I think this is a big part of it.

Did the first buyers think they were just getting a good deal? I’m assuming they were intending to flip.

perezfan
10-14-2019, 03:27 PM
All things equal, a decline should be expected for the same card being sold a short time after prior sale. The winning bidder is no longer a bidder (theoretically).

This, and newly enacted sales tax probably account for most of those declines.

As Peter said, it's way too small a sample size to draw any meaningful conclusions. If it continues in this direction through 2020, and a greater array of cards exhibit similar reductions, then you have some far better evidence.

japhi
10-15-2019, 01:10 AM
IMO the best way to track PWCC’s influence would be total sales volume by auction / quarter year and track MOM, YOY, etc. Adjust for the new tax impact and you’d have a decent proxy for the wider market.

Aquarian Sports Cards
10-15-2019, 08:22 AM
The question is when do they came up for sale with PWCC yet again.

Stampsfan
10-15-2019, 06:34 PM
The question is when do they came up for sale with PWCC yet again.

Maybe quite quickly if it’s the same buyer protecting his interests.

investinrookies
10-15-2019, 09:57 PM
What’s the overall opinion on a card like the psa 8 walsh? Not a big name like some of the others and recently sold last year would you expect a decline in this particular instant or did the winning bidder really get a good price for this card ?

Peter_Spaeth
10-15-2019, 10:12 PM
What’s the overall opinion on a card like the psa 8 walsh? Not a big name like some of the others and recently sold last year would you expect a decline in this particular instant or did the winning bidder really get a good price for this card ?

Are you that winning bidder?

pokerplyr80
10-15-2019, 10:14 PM
Of course the only one from this list to go up was the only one I bid on. Had it stayed 5 or 10% under its previous sale I would picked it up.

Jersey City Giants
10-16-2019, 09:44 AM
I will take the other side here as other than the Waddell Portrait the prices were fine (but I do agree with the sample size comment above). Being from NJ on average I have been paying ~8.8% above my final price (including shipping). Hence if we apply that to the lots you listed several (listed below) are over or at what they sold for recently.


T206 Lajoie Portrait, PSA 5
PWCC - 10/13/19: $2,376
PWCC - 11/7/18: $2,606 (8.82% reduction)

E93 Cobb, PSA 3
PWCC - 10/13/19: $3,739
PWCC - 10/14/18: $3,518 (6.28% increase)

E120 Ruth, PSA 5
PWCC - 10/13/19: $14,336
PWCC - 2/5/18: $14,771 (2.95% reduction)

Meanwhile some of the others are barely down (less than 6%) which is where I would expect them to be from a card that was recently sold.

PWCC & PWCC Sales

T206 Mathewson White Cap, PSA 5
PWCC - 10/13/19: $1,934.99
PWCC - 8/11/19: $2,228.00 (13.15% reduction)

T206 Cobb Green Portrait, SGC 4
PWCC - 10/13/19: $11,356
PWCC - 1/13/19: $13,099 (13.3% reduction)

T206 Walsh Portrait, PSA 8
PWCC - 10/13/19: $8,300
Heritage - 9/20/18: $9,600 (13.54% reduction)

E105 Young, PSA 5
PWCC - 10/13/19: $2,827
Ebay BIN - 3/22/18: $3,250 (13% reduction)

autograf
10-17-2019, 08:56 AM
What if the first sale at 5-15% more was shill bid well above where it should have been to set a floor and then the second sale at that slightly lower level was a real buyer who now got a 'bargain'......

ullmandds
10-17-2019, 09:52 AM
What if the first sale at 5-15% more was shill bid well above where it should have been to set a floor and then the second sale at that slightly lower level was a real buyer who now got a 'bargain'......

this is the likely scenario for the past 10-15 years with most auctions...imo...to the point where some hammer prices appear to be bargains when they've been artificially inflated in the first place.

pokerplyr80
10-17-2019, 10:56 PM
Modern seems to be doing fine. At least on the high end. 200k for a Jeter card tonight.

Peter_Spaeth
10-17-2019, 11:05 PM
Modern seems to be doing fine. At least on the high end. 200k for a Jeter card tonight.

https://www.ebay.com/itm/1996-Select-Certified-Mirror-Gold-Derek-Jeter-ROOKIE-RC-30-100-PSA-10-PWCC-/352816860218?hash=item5225860c3a%3Ag%3AZycAAOSwr-hdm6RH&nma=true&si=Unr2D%252BMBLSgpJEVpwtEfYJepICw%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

pokerplyr80
10-17-2019, 11:15 PM
That's the one. I remember a debate over which was more valuable, 93 sp in a 10 or that one. I guess that debate is settled.

frankbmd
10-17-2019, 11:55 PM
Do the auction results of two bidders with snipes more than $50000 above the third bidder prove anything about the actual market value of the card? I would seriously question that conclusion.

pokerplyr80
10-18-2019, 12:25 AM
Do the auction results of two bidders with snipes more than $50000 above the third bidder prove anything about the actual market value of the card? I would seriously question that conclusion.

I show 6 unique bidders over $100k. And this is a pop 2 modern card in a 10, with a total pop of around 30. A modern white whale. I would argue plenty was proven about the market value of the card.

Dpeck100
10-18-2019, 06:21 AM
I show 6 unique bidders over $100k. And this is a pop 2 modern card in a 10, with a total pop of around 30. A modern white whale. I would argue plenty was proven about the market value of the card.


Both of the final bids also do not come from bidders with inflated statistics with one seller or a large number of bid retractions.

With a card this limited it is natural for only a few to push it to its highest point and I would agree with Frank if this was a more available card with an outlier sale due to only several bidders but on a card with such a limited number printed it says everything about the value of the card.

PWCC had close to 9,000 listings a few days ago when I looked. The party has not ended and isn't going to end.

People wan't to buy cards and will go to the source of those cards. After all they are closer to a stock exchange than a true card dealer.

Rhotchkiss
10-18-2019, 07:18 AM
I know nothing about the modern market, and very little about the market for cards after 1930+/-, but with respect to the old-vintage (the stuff we talk about on net54), I believe PWCC has not been doing well of late. In my opinion, the pre-war offerings in the past three auctions have been inferior to what PWCC has previously offered, and the prices on many (not all) cards that I follow have been lower than historic. Regarding the offerings, I do believe a number of would-be-consignors have opted to hold off and/or consign elsewhere. This conclusion is based on both conversations with people and what I see being (or not being) offered in the past few auctions. Regarding prices, I believe there are several reasons for this: the sales tax argument is interesting, but it has not affected Heritage, and it has not really altered the way I buy, so based solely on those two points, I don’t think it’s a main reason. Instead, I think there is less shilling (perhaps pwcc is policing more now that they are under investigation) and I do believe less people are bidding.

Peter_Spaeth
10-18-2019, 07:40 AM
Imagine bidding 202K for a 4th year Jeter card and losing.:D

Bored5000
10-18-2019, 08:15 AM
I know nothing about the modern market, and very little about the market for cards after 1930+/-, but with respect to the old-vintage (the stuff we talk about on net54), I believe PWCC has not been doing well of late. In my opinion, the pre-war offerings in the past three auctions have been inferior to what PWCC has previously offered, and the prices on many (not all) cards that I follow have been lower than historic. Regarding the offerings, I do believe a number of would-be-consignors have opted to hold off and/or consign elsewhere. This conclusion is based on both conversations with people and what I see being (or not being) offered in the past few auctions. Regarding prices, I believe there are several reasons for this: the sales tax argument is interesting, but it has not affected Heritage, and it has not really altered the way I buy, so based solely on those two points, I don’t think it’s a main reason. Instead, I think there is less shilling (perhaps pwcc is policing more now that they are under investigation) and I do believe less people are bidding.

i don't have specific numbers to back this up, but IMO the non-sports/cards outside the big four sports have been pretty weak lately, compared to previous PWCC auctions. PWCC used to always have some obscure non-sports stuff in every one of their auctions that I had never seen before. That really has not been the case at all the last several auctions.

That being said, I realize Teddy Roosevelt, Charles Lindbergh and P.T. Barnum are a tiny drop in the bucket when bidders are dropping $200,000 on a Derek Jeter card.

frankbmd
10-18-2019, 09:55 AM
Both of the final bids also do not come from bidders with inflated statistics with one seller or a large number of bid retractions.

With a card this limited it is natural for only a few to push it to its highest point and I would agree with Frank if this was a more available card with an outlier sale due to only several bidders but on a card with such a limited number printed it says everything about the value of the card.

PWCC had close to 9,000 listings a few days ago when I looked. The party has not ended and isn't going to end.

People wan't to buy cards and will go to the source of those cards. After all they are closer to a stock exchange than a true card dealer.



If you were a company going public in need of $50,000,000, would you sell

A) 10,000,000 shares of stock for $5 a share in an IPO or

B) would you short print 25 pristine stock certificates in plastic cases impregnated with Joe Orlando’s saliva and verified by Spence and sell them for $2,000,000 each?

The players (in the market and in the Vault) may be the same, but how a short-printed modern, shiny piece of in cardboard is analogous to equity in a potentially very profitable start-up or in a Fortune 500 company for that matter eludes me,

but then again I will never be vault-worthy and my lack of understanding doesn’t bother me one iota.

ullmandds
10-18-2019, 10:02 AM
While I am not nearly as old as you are Frank I feel the same!!! If this sale is legitimate it is definitely a testament to the craziness of the modern card market! And apparently these companies creating these rarities...albeit artificially apparently know what they are doing and are striking a cord with some very rich folks.

While Jeter was a great ballplayer he will rank nowhere near the all-time greats just like a lot of these other insane rookie refractor cards selling for five and six figures.



If you were a company going public in need of $50,000,000, would you sell

A) 10,000,000 shares of stock for $5 a share in an IPO or

B) would you short print 25 pristine stock certificates in plastic cases impregnated with Joe Orlando’s saliva and verified by Spence and sell them for $2,000,000 each?

The players (in the market and in the Vault) may be the same, but how a short-printed modern, shiny piece of in cardboard is analogous to equity in a potentially very profitable start-up or in a Fortune 500 company for that matter eludes me,

but then again I will never be vault-worthy and my lack of understanding doesn’t bother me one iota.

Dpeck100
10-18-2019, 11:20 AM
If you were a company going public in need of $50,000,000, would you sell

A) 10,000,000 shares of stock for $5 a share in an IPO or

B) would you short print 25 pristine stock certificates in plastic cases impregnated with Joe Orlando’s saliva and verified by Spence and sell them for $2,000,000 each?

The players (in the market and in the Vault) may be the same, but how a short-printed modern, shiny piece of in cardboard is analogous to equity in a potentially very profitable start-up or in a Fortune 500 company for that matter eludes me,

but then again I will never be vault-worthy and my lack of understanding doesn’t bother me one iota.


The shareholder base of an IPO is not a good comparison here but I will try and answer your question. On one hand it is nice to have a smaller number of shareholders to answer to with more skin in the game. It also will impact how shares are traded in the secondary market and make it harder to gain access so in theory this will make it easier for the share price to rise with such a limited supply of shares. It also though makes you more susceptible to price decline due to the limited liquidity and will also expose you to the issue of some shareholders not being interested because they can't come up with the amount to get in or can't buy enough in the secondary market once launched. The larger offering gives more people a chance to get in but will create much greater liquidity in the secondary market and you may end up with some very significant shareholders controlling more of the voting rights than perhaps you want and making it harder to manage the business. There is no right or wrong answer here.

Short print cards are about bragging rights. That is why they were printed this way. The goal was to create artificial scarcity and the ability for only a very few to say they own one. I certainly have 200k but I am not in a position to drop 200k on a single card as it would be too risky of a move but for someone with a massive net worth this might be the equivalent to a 2k card to them. Once a card becomes a must own the price goes up and where this goes from here is anyone's guess. For the nearly ten years I have been participating in online forums there has always been a chorus of people blasting the buyers of these cards and yet they only seem to go up. 15k was too much for a Jeter 1993 SP. 25k was unthinkable. You get the point.

I don't try and put myself in someone else's shoes when it comes to what they buy because everyone's circumstances are different. Do I think putting 200k into some of the more marquee vintage cards is smarter? Perhaps but perhaps not.

At the end of the day this modern frenzy is alive and well and while the risk profile of the purchases appears quite high so have been the rewards and this is going to keep it going.

Peter_Spaeth
10-18-2019, 11:34 AM
To each his own, but the fact that a company intentionally printed only 10 or 5 or 1 of a card in an attempt to CREATE a valuable -- like the golden ticket in Charlie and the Chocolate Factory -- means nothing to me.

Dpeck100
10-18-2019, 11:51 AM
To each his own, but the fact that a company intentionally printed only 10 or 5 or 1 of a card in an attempt to CREATE a valuable -- like the golden ticket in Charlie and the Chocolate Factory -- means nothing to me.

The only modern cards I collect for the most part are Brock Lesnar. I just bought his "rarest" card and it is numbered to 25. I own the only PSA graded copy too. I paid $125 and $124. I am not the target audience for one of these cards either. It is fun to chase these down but under no circumstances am I paying 100 times more for this one vs. the other variations of the same card just in different colors with more made.

frankbmd
10-18-2019, 11:52 AM
I'm sticking with my argument.

A shiny Jeter is not the stock exchange, it's a house of cards.

A shiny Jeter is not an asset, where's the bank to would accept it as collateral?

MVSNYC
10-18-2019, 11:53 AM
While I am not nearly as old as you are Frank I feel the same!!! If this sale is legitimate it is definitely a testament to the craziness of the modern card market! And apparently these companies creating these rarities...albeit artificially apparently know what they are doing and are striking a cord with some very rich folks.

While Jeter was a great ballplayer he will rank nowhere near the all-time greats just like a lot of these other insane rookie refractor cards selling for five and six figures.

Pete- I'm not trying to justify (nor do I fully understand) that $200k sale price on that (obscure) card. But, to specifically address your comment above, people often forget Jeter is #6 on the all-time hits list (ahead of Wagner, Yaz, Mays, Lajoie, Ripken, etc). That seems to be forgotten...and the 5 rings certainly add to his legend. If there's 4 or 5 heads on the Yankee's Mt. Rushmore, he's on it.

Dpeck100
10-18-2019, 11:58 AM
I'm sticking with my argument.

A shiny Jeter is not the stock exchange, it's a house of cards.

A shiny Jeter is not an asset, where's the bank to would accept it as collateral?


Comparing cards to stocks is tough. There have been a multitude of stocks that would appear a safer investment but have have gone down substantially. You can lose on anything in life.

Would I rather put 200k into liquid financial investments? Yes.

That said the buyer might have 200 million already there and wants to handle this card and be able to say he has it.

We are actually moving in the direction of cards being used as collateral. It has been discussed on this message board.

samosa4u
10-18-2019, 12:01 PM
To each his own, but the fact that a company intentionally printed only 10 or 5 or 1 of a card in an attempt to CREATE a valuable -- like the golden ticket in Charlie and the Chocolate Factory -- means nothing to me.

Well, the Golden Ticket means everything to me! I would love to pull one out of those delicious-tasting chocolate bars and have the opportunity to meet Mr. Wonka!

https://dqzrr9k4bjpzk.cloudfront.net/images/6821591/382148319.jpg

pokerplyr80
10-18-2019, 12:12 PM
To each his own, but the fact that a company intentionally printed only 10 or 5 or 1 of a card in an attempt to CREATE a valuable -- like the golden ticket in Charlie and the Chocolate Factory -- means nothing to me.

I see your point, but in an era of over production a few issues stand out for one reason or another. Cards that were hard to track down even back then. I remember opening 93 finest packs trying to find refractors. And 96 select certified hoping for a mirror red, blue, or gold.

I didn't collect basketball back then, but those PMG cards fall into the same category. 91 topps desert shield seem to be hot as well.

I think as guys around my age who collected as kids in the 90s and remember these cards get back into the hobby demand will only increase.

frankbmd
10-18-2019, 12:20 PM
Comparing cards to stocks is tough. There have been a multitude of stocks that would appear a safer investment but have have gone down substantially. You can lose on anything in life.

Would I rather put 200k into liquid financial investments? Yes.

That said the buyer might have 200 million already there and wants to handle this card and be able to say he has it.

We are actually moving in the direction of cards being used as collateral. It has been discussed on this message board.


I'm not finding Net54 on any list of major lenders. If Leon is accepting cards as collateral, perhaps he can explain how that is structured.

Dpeck100
10-18-2019, 12:33 PM
I'm not finding Net54 on any list of major lenders. If Leon is accepting cards as collateral, perhaps he can explain how that is structured.

It has been done before back in the day and in the works now for sure. We had a big discussion on it here and clearly it will not give you advance rates as high as liquid investments can. You can borrow in the range of 75% against many traded securities and I would think somewhere in the 30% to 40% range is the most anyone should consider on cards.

I am going to give you an analogy that is more appropriate here. My wife is into purses. She has seven or eight Chanel's, a bunch of Gucci's, some Yves Saint Laurent and a few others. Quite a pricey collection of purses. A purse has one function and that is to carry things but the prices of these purses are predicated on scarcity and bragging rights. You would think these would be a enough but she wants a Hermes Birkin bag. These are the most scarce of designer bags and you can't just go into a store and buy one. They have to ask you if you want one and it is hard to have that happen. Which one of these sells for the most? The Birkin naturally because it has the ultimate bragging rights. This is just how the world works. We don't make the rules. Once cards are elevated to elite hobby status symbols they can take on a mind of their own in terms of price. It is really simple.

Peter_Spaeth
10-18-2019, 12:40 PM
Typical female wasting money on nonsense. :D:eek:

frankbmd
10-18-2019, 12:40 PM
It has been done before back in the day and in the works now for sure. We had a big discussion on it here and clearly it will not give you advance rates as high as liquid investments can. You can borrow in the range of 75% against many traded securities and I would think somewhere in the 30% to 40% range is the most anyone should consider on cards.

I am going to give you an analogy that is more appropriate here. My wife is into purses. She has seven or eight Chanel's, a bunch of Gucci's, some Yves Saint Laurent and a few others. Quite a pricey collection of purses. A purse has one function and that is to carry things but the prices of these purses are predicated on scarcity and bragging rights. You would think these would be a enough but she wants a Hermes Birkin bag. These are the most scarce of designer bags and you can't just go into a store and buy one. They have to ask you if you want one and it is hard to have that happen. Which one of these sells for the most? The Birkin naturally because it has the ultimate bragging rights. This is just how the world works. We don't make the rules. Once cards are elevated to elite hobby status symbols they can take on a mind of their own in terms of price. It is really simple.

I'm glad your wife has enough purses to make a cash purchase of the Jeter card.:D

You're certainly entitled to your opinions.

Peter_Spaeth
10-18-2019, 12:48 PM
I see your point, but in an era of over production a few issues stand out for one reason or another. Cards that were hard to track down even back then. I remember opening 93 finest packs trying to find refractors. And 96 select certified hoping for a mirror red, blue, or gold.

I didn't collect basketball back then, but those PMG cards fall into the same category. 91 topps desert shield seem to be hot as well.

I think as guys around my age who collected as kids in the 90s and remember these cards get back into the hobby demand will only increase.

I get the appeal of the refractors, which I think were the first cards to use that technology, but from that point of view rather than scarcity. The certified mirrors just seem a copycat to me.

samosa4u
10-18-2019, 12:53 PM
I am going to give you an analogy that is more appropriate here. My wife is into purses. She has seven or eight Chanel's, a bunch of Gucci's, some Yves Saint Laurent and a few others. Quite a pricey collection of purses. A purse has one function and that is to carry things but the prices of these purses are predicated on scarcity and bragging rights. You would think these would be a enough but she wants a Hermes Birkin bag. These are the most scarce of designer bags and you can't just go into a store and buy one. They have to ask you if you want one and it is hard to have that happen. Which one of these sells for the most? The Birkin naturally because it has the ultimate bragging rights. This is just how the world works. We don't make the rules. Once cards are elevated to elite hobby status symbols they can take on a mind of their own in terms of price. It is really simple.

https://www.malleries.com/hermes-birkin-30cm-magnolia-pink-bag-clemence-silver-hardware-new-i-293984-s-2907

Crazy sh*t! What grade do you think PSA would give it?

Dpeck100
10-18-2019, 01:02 PM
https://www.malleries.com/hermes-birkin-30cm-magnolia-pink-bag-clemence-silver-hardware-new-i-293984-s-2907

Crazy sh*t! What grade do you think PSA would give it?


They go for much more than this in some cases.

These and a Chanel are actually bought for investment purposes in some cases.

Just like a hot car you can flip them for more than the price in the store and they do hold great residual value.

Edit: check this one out. They go for up to 150k but this is the highest sale I could find on EBAY.

https://www.ebay.com/itm/Hermes-Birkin-size-30-Ficelle-Crocodile-Leather-New/254224914434?hash=item3b30fc5802:g:J~wAAOSwQFJaxrL p

Peter_Spaeth
10-18-2019, 01:06 PM
They go for much more than this in some cases.

These and a Chanel are actually bought for investment purposes in some cases.

Just like a hot car you can flip them for more than the price in the store and they do hold great residual value.

Edit: check this one out. They go for up to 150k but this is the highest sale I could find on EBAY.

https://www.ebay.com/itm/Hermes-Birkin-size-30-Ficelle-Crocodile-Leather-New/254224914434?hash=item3b30fc5802:g:J~wAAOSwQFJaxrL p

Do people counterfeit them?

Dpeck100
10-18-2019, 01:13 PM
Do people counterfeit them?

Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

Goudey77
10-18-2019, 01:20 PM
Does China still exist? :D

Do people counterfeit them?

Peter_Spaeth
10-18-2019, 01:20 PM
:D:cool:If I'm checking out women, the shoes are a pretty low priority. And the handbag for that matter.

Dpeck100
10-18-2019, 01:23 PM
:D:cool:If I'm checking out women, the shoes are a pretty low priority. And the handbag for that matter.

Yeah and that is why they buy them for what other chicks think. They don't come right out and say it but it really is where the motivation comes from.

perezfan
10-18-2019, 01:25 PM
Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

Looks like something our Beagle would chew to pieces the first day it was brought home. We were car shopping last week, and found quite a few we liked for less money than this purse. :rolleyes:

Peter_Spaeth
10-18-2019, 01:26 PM
Yeah and that is why they buy them for what other chicks think. They don't come right out and say it but it really is where the motivation comes from.

What's the great Van Morrison line? All the girls walk by, dressed up for each other.

Goudey77
10-18-2019, 01:26 PM
Kind of like how middle aged men lose their mind when they see a nice 1952 Mantle? Or in my case a 1967 Camaro SS

Oh yeah. Doubtful though they are fooling anyone because they are made with very expensive material that you can't simply fake.

Some of the lower priced bags like Gucci it is much easier to fake and unless someone is versed in them they might be fooled.

A huge part of the price is brand but not all. That said the only reason there is demand is that other women know what you are carrying. Chicks really check out other chicks gear. It is kind of funny to watch. Her shoe collection is big too and it is hilarious watching other women loose it when they see some of the hard to find Valentino's she has and other brands.

perezfan
10-18-2019, 01:36 PM
Pete- I'm not trying to justify (nor do I fully understand) that $200k sale price on that (obscure) card. But, to specifically address your comment above, people often forget Jeter is #6 on the all-time hits list (ahead of Wagner, Yaz, Mays, Lajoie, Ripken, etc). That seems to be forgotten...and the 5 rings certainly add to his legend. If there's 4 or 5 heads on the Yankee's Mt. Rushmore, he's on it.

I think that's about right...

Ahead of him would be Babe, Lou, Mickey and Joe. Not sure if Jeter would be just ahead of Yogi or behind him. Perhaps I'm drawing a blank but can't think of anyone else that would push Jeter beyond #6 on a list of all-time Yankee greats. The only pitcher that comes to mind is Whitey, but he probably goes in behind Jeter.... right?

Peter_Spaeth
10-18-2019, 01:41 PM
I think that's about right...

Ahead of him would be Babe, Lou, Mickey and Joe. Not sure if Jeter would be just ahead of Yogi or behind him. Perhaps I'm drawing a blank but can't think of anyone else that would push Jeter beyond #6 on a list of all-time Yankee greats. The only pitcher that comes to mind is Whitey, but he probably goes in behind Jeter.... right?

I would rate Berra higher. It's hard to argue he isn't one of the top 3 catchers of all time. Jeter doesn't rank anywhere near that high as a shortstop. Then again, Jeter's iconic status derives from much more than his baseball talent and stats.

Dpeck100
10-18-2019, 02:31 PM
Kind of like how middle aged men lose their mind when they see a nice 1952 Mantle? Or in my case a 1967 Camaro SS

Same exact thing.

Status symbols come in all different forms.

MVSNYC
10-18-2019, 04:48 PM
I think that's about right...

Ahead of him would be Babe, Lou, Mickey and Joe. Not sure if Jeter would be just ahead of Yogi or behind him. Perhaps I'm drawing a blank but can't think of anyone else that would push Jeter beyond #6 on a list of all-time Yankee greats. The only pitcher that comes to mind is Whitey, but he probably goes in behind Jeter.... right?

This is just my opinion...

Ruth, Gehrig, Mantle, Joe D, Jeter (6 thru 8: Mariano, Yogi, Whitey)

Rhotchkiss
10-18-2019, 05:24 PM
This is just my opinion...

Ruth, Gehrig, Mantle, Joe D, Jeter (6 thru 8: Mariano, Yogi, Whitey)

Reggie Jackson?

davidan
10-18-2019, 05:38 PM
I recently bid on (and won) a VG-EX 4 '51 Bowman Mantle in the PWCC Auction at $7400. I could have bought 27 of them for the same price the person who won the 1990's Jeter Rookie paid :) And dang, I had a hard time pulling the trigger on the Mantle at my price :) I like my card better.

https://d1w8cc2yygc27j.cloudfront.net/-8824145806015606818/3130477406196185304.jpg

frankbmd
10-18-2019, 05:52 PM
The Contours knew when they sang

“First I Look At The Purse”

MVSNYC
10-18-2019, 07:41 PM
Reggie Jackson?

Hi Ryan-

Reggie was great, but I wouldn’t put him ahead of anyone I listed above. Maybe if he played more than 5 seasons in pinstripes.

Aquarian Sports Cards
10-18-2019, 07:49 PM
Have a hard time paying more for a handbag than I would have to pay for a prize steer...

Peter_Spaeth
10-18-2019, 08:02 PM
Hall of Stats which I think is a great site has Reggie at 145 and Derek at 128.

They rank Derek #7 as a Yankee, judging players just by their years on the Yankees.

http://www.hallofstats.com/franchise/nyy#jeterde01

Fuddjcal
10-19-2019, 11:26 AM
I'm glad your wife has enough purses to make a cash purchase of the Jeter card.:D

You're certainly entitled to your opinions.

That's Ironic. We were evacuated due to wildfires last week and my wife was packed in 3 minutes...All she took was her 10 Louis Vuitton purses.

Yes, I left the FAKE baseball cards behind.

Fuddjcal
10-19-2019, 11:27 AM
I recently bid on (and won) a VG-EX 4 '51 Bowman Mantle in the PWCC Auction at $7400. I could have bought 27 of them for the same price the person who won the 1990's Jeter Rookie paid :) And dang, I had a hard time pulling the trigger on the Mantle at my price :) I like my card better.

https://d1w8cc2yygc27j.cloudfront.net/-8824145806015606818/3130477406196185304.jpg

not too shabby for a trimmed short PSA version.

samosa4u
10-19-2019, 01:05 PM
I recently bid on (and won) a VG-EX 4 '51 Bowman Mantle in the PWCC Auction at $7400. I could have bought 27 of them for the same price the person who won the 1990's Jeter Rookie paid :) And dang, I had a hard time pulling the trigger on the Mantle at my price :) I like my card better.

https://d1w8cc2yygc27j.cloudfront.net/-8824145806015606818/3130477406196185304.jpg

I actually saw that card and I thought it was over-graded. It has 10/90 TB centering and the corners are too rounded to deserve a PSA 4, in my opinion.

I would be too scared to spend $7400 US with PWCC after everything that's happened, but that's just me. If you're happy spending that kind of money on his cards, despite everything BODA has been doing, then that's fine. It's your money.

pokerplyr80
10-19-2019, 01:12 PM
Congrats on the 51 Mantle pick up. The grade looks accurate to me and I highly doubt that card is trimmed. I still remember the day mine first arrived. It will look even better in hand.

perezfan
10-19-2019, 01:18 PM
I actually saw that card and I thought it was over-graded. It has 10/90 TB centering and the corners are too rounded to deserve a PSA 4, in my opinion.

I would be too scared to spend $7400 US with PWCC after everything that's happened, but that's just me. If you're happy spending that kind of money on his cards, despite everything BODA has been doing, then that's fine. It's your money.

Man, I second that! The PWCC Mantle looks short both ways, and given PWCC's history, I would NEVER plop down that kind of cash on any of their cards. I know these cards varied a tiny bit in size, but the significant air space within the slab combined with the shady seller's practices would give me significant pause (to put it mildly).

I would start researching this card right away, to try to find some history on it. Do it before it's too late for a return. Scary stuff!

Peter_Spaeth
10-19-2019, 01:25 PM
I don't love the Mantle. This one, I think, is noticeably bigger. Hopefully it's just natural variance.

samosa4u
10-19-2019, 02:18 PM
I just had a discussion with Ted Zanidakis regarding this last week. According to him, the Mantle was printed on the uppermost left corner on its 72-card sheet. Therefore, some Mantle cards may be slightly narrower than 2 1/16, while others may be slightly wider than 2 1/16.

I doubt his card is trimmed, especially with those rounded corners, but just to be on the safe side, just measure it with one eye closed. I hope you have other 51' Bowmans in PSA cases, so that way you can make comparisons.

davidan
10-19-2019, 05:56 PM
Thanks for all the feedback and concern (to look out for me) on the Mantle guys. Decided to do some measuring and analysis of this card and a 51 Bowman Mays I have side by side this afternoon.

I am pretty convinced the Mantle is NOT trimmed.

First of all, the cards both measure exactly under heavy magnification 3 1/4 inch wide. I will admit top to bottom the mantle seems to have slightly more air space in the case than the Mays, but under a lot of measuring (I must have done it 10 times magnified) the Mantle is maybe a 64th of an inch shorter than the Mays, and I am not even sure by that much, it's about dead on the line. They both are right at 2 1/16 tall.

Furthermore the corner wear on all 4 corners of the Mantle appear to be very natural as are the edges. With naked eye and magnification I can't see any signs of tampering and I think myself and/or PSA would have noticed something on those corners if it were off.

Regardless, and I have shared a picture of the card in hand, it's a real beauty! :) I am a collector, not an investor, and I put in my bid thinking no way I'd win it at a price I was comfortable with and I got it -- :)

It's a card I have wanted to own since I was a kid, and while I can appreciate and am not naive to the fact there are a lot of assholes out there, not going to let it ruin my enjoyment of the card. It's a shame that as with a lot of things in life that all it takes is a few idiots out there to try and ruin the fun for the rest of us. So I get it.

appreciate the feedback

images

https://imgur.com/Ikkbvve

https://imgur.com/nh1213v

https://imgur.com/GE1kCUC

https://imgur.com/WrwFWEr

https://imgur.com/1PCune7

https://imgur.com/0geVWyT

Gobucsmagic74
10-19-2019, 06:35 PM
Everything looks fine to me. Congrats on the pickup!

perezfan
10-19-2019, 06:45 PM
It does look like natural corner and edge wear.... albeit pretty significant wear for a "4" grade. Great close-up shots!

Aquarian Sports Cards
10-19-2019, 08:24 PM
I actually saw that card and I thought it was over-graded. It has 10/90 TB centering and the corners are too rounded to deserve a PSA 4, in my opinion.

I would be too scared to spend $7400 US with PWCC after everything that's happened, but that's just me. If you're happy spending that kind of money on his cards, despite everything BODA has been doing, then that's fine. It's your money.

Gotta say I am not a fan of the right border.

Peter_Spaeth
10-19-2019, 08:46 PM
Man, I second that! The PWCC Mantle looks short both ways, and given PWCC's history, I would NEVER plop down that kind of cash on any of their cards. I know these cards varied a tiny bit in size, but the significant air space within the slab combined with the shady seller's practices would give me significant pause (to put it mildly).

I would start researching this card right away, to try to find some history on it. Do it before it's too late for a return. Scary stuff!

The time to do the diligence is before buying. That said in this case it appears the card sold in the most recent REA and a couple of years ago on ebay.

Leon
10-22-2019, 10:07 AM
Congrats on great looking cards!

I wonder how many of our members are still bidding with PWCC? My guess is ones that had previously would be a pretty high percentage.


.

1880nonsports
10-22-2019, 10:41 AM
FANTASTIC CLOSEUPS!!! Didn't click all the links but card seems to be just fine. The zoom however is OFF THE CHARTS. How do you do it? I have a couple of cards I'd like to examine like that! Maybe EVERY card :-)

buymycards
10-22-2019, 12:17 PM
That's Ironic. We were evacuated due to wildfires last week and my wife was packed in 3 minutes...All she took was her 10 Louis Vuitton purses.

Yes, I left the FAKE baseball cards behind.


Hi Chuck, I hope you are back at home and that there was no damage to your property. That situation has to scare the hell out of you.

Rick

Goudey77
10-22-2019, 12:20 PM
Congrats on great looking cards!

I wonder how many of our members are still bidding with PWCC? My guess is ones that had previously would be a pretty high percentage.


.

Leon,

My guess is that the majority are still participating if the right card comes up for auction. A lot of intelligent collectors on Net54. I'd expect them to see opportunities regardless of auction house or venue. Considering the card market in the last several years it is hard to deny that now is a great time to buy.

Rhotchkiss
10-22-2019, 12:58 PM
Congrats on great looking cards!

I wonder how many of our members are still bidding with PWCC? My guess is ones that had previously would be a pretty high percentage.


.

I have not bid in any pwcc auction since June, and I expect that I will continue to do so until I see changes in their auctions and practices. Admittedly, they have produced no true “must haves” for me since June (a Brown Lenox), so it’s been easy for me to sit on my high horse on the sidelines. Generally speaking, Buyer or not, I am now highly skeptical of any high-grade and/or high-value card in a pwcc auction. I would have much more confidence in the card if offered by another AH. And, if I do again buy from pwcc, it will likely be super rare items and not high grade items and/or fairly common items.

perezfan
10-22-2019, 01:38 PM
I have not bid in any pwcc auction since June, and I expect that I will continue to do so until I see changes in their auctions and practices. Admittedly, they have produced no true “must haves” for me since June (a Brown Lenox), so it’s been easy for me to sit on my high horse on the sidelines. Generally speaking, Buyer or not, I am now highly skeptical of any high-grade and/or high-value card in a pwcc auction. I would have much more confidence in the card if offered by another AH. And, if I do again buy from pwcc, it will likely be super rare items and not high grade items and/or fairly common items.

For me, it's a "hard no" as well. Blowout just keeps exposing PWCC with card after card that's been altered/resubmitted with no perceptible end in sight. So I'm neither willing to take that chance, nor choose to support a company that engages in deceit.

The comment below was taken from the Better Business Bureau website, and was made back on Feb. 28 of this year. I believe that's well before the "scandal" was publicized, so this is pretty darned insightful (IMHO)...

Paul O

★★★★★
★★★★★
02/28/2019

Shady sportscard consignment service that operates as a quasi investment firm. Without formal training or education this group runs several scams that takes advantage of hobbyist. When their not asking for customers to invest in their straw built company, They’re using capital received from selling customer consignments to fund their illegal lending program to fund other customers, collecting fees and interest without proper government regulated licenses or permits. A full time “robbing Peter to pay Paul” operation. They have created meaningless standards and scales which confuse collectors into paying premiums over market value, trying to force their way into the grading market with their “eye appeal scale” which has no value and is completely subjective. By inflating prices in this way—with smoke and mirrors—they continue to expand and profit at the expense of the collector.

davidan
10-24-2019, 06:00 PM
FANTASTIC CLOSEUPS!!! Didn't click all the links but card seems to be just fine. The zoom however is OFF THE CHARTS. How do you do it? I have a couple of cards I'd like to examine like that! Maybe EVERY card :-)

You guys will probably laugh but those closeups are simply the output of the iPhone X phone with some good lighting! :) It's amazing what level of detail you get with these phone cameras these days.

DA

Leon
10-25-2019, 09:39 AM
I honestly don't know how anyone can buy a really high end, graded pre war card, and not have some doubts. It is too bad that greed has made it this way. I am all for making profit and capitalism and all of that. But the fraud is just wrong. Still hoping whomever is guilty gets their just dues.

Fuddjcal
10-25-2019, 12:59 PM
Thanks for all the feedback and concern (to look out for me) on the Mantle guys. Decided to do some measuring and analysis of this card and a 51 Bowman Mays I have side by side this afternoon.

I am pretty convinced the Mantle is NOT trimmed.

First of all, the cards both measure exactly under heavy magnification 3 1/4 inch wide. I will admit top to bottom the mantle seems to have slightly more air space in the case than the Mays, but under a lot of measuring (I must have done it 10 times magnified) the Mantle is maybe a 64th of an inch shorter than the Mays, and I am not even sure by that much, it's about dead on the line. They both are right at 2 1/16 tall.

Furthermore the corner wear on all 4 corners of the Mantle appear to be very natural as are the edges. With naked eye and magnification I can't see any signs of tampering and I think myself and/or PSA would have noticed something on those corners if it were off.

Regardless, and I have shared a picture of the card in hand, it's a real beauty! :) I am a collector, not an investor, and I put in my bid thinking no way I'd win it at a price I was comfortable with and I got it -- :)

It's a card I have wanted to own since I was a kid, and while I can appreciate and am not naive to the fact there are a lot of assholes out there, not going to let it ruin my enjoyment of the card. It's a shame that as with a lot of things in life that all it takes is a few idiots out there to try and ruin the fun for the rest of us. So I get it.

appreciate the feedback

images

https://imgur.com/Ikkbvve

https://imgur.com/nh1213v

https://imgur.com/GE1kCUC

https://imgur.com/WrwFWEr

https://imgur.com/1PCune7

https://imgur.com/0geVWyT

good for you... and you bought it from Brent Mastro, the biggest crook the baseball card hobby has ever seen. I would rather wipe my ass with a brillo pad. Enjoy it.

Stampsfan
10-25-2019, 02:53 PM
Way to rain on his parade. Wow. Where is that "Respect" thread now?

What happened to "Enjoy what you buy"?