Gem Gehrig @ Heritage
1934 Goudey SGC 98 Gehrig
Yowzer, what a card. I feel like I need to put on sunglasses to look at it. Any guesses where it tops out? Looks like it sold for $125k back in 2013. It's at $65k now with BP, with a week left. http://i1383.photobucket.com/albums/...psot9o8irr.jpg |
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CURRENT BID:$55,000 w/ Buyer's Premium (BP) : $65,725.00 Status: Reserve (If Any) Will post on 02/13/2016 7pm CT Heritage Live Enabled |
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If you are buying a card through an auction house, you have to keep the BP in mind when deciding how much you are comfortable bidding. |
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Comparisons sake
http://i1383.photobucket.com/albums/...psot9o8irr.jpg and this recent purchase by board member Snapolit1 from LOTG for 7k+BP http://loveofthegameauctions.com/Ite.../8039a_lg.jpeg |
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Lovely colors tho! |
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The older the cards get the shorter the borders become.
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I knew there were fees, but had no idea they were that much. So in reality, if you paid the $65,000 total, all fees in and wanted to or had to sell the card in a month or two, would you list/reserve it for the $65,000 you paid or the $55,000 that it is actually worth? (Rounding numbers only) Also, if it gets listed in VCP, is the $55,000 price the one that gets entered or the $65,000, total cost amount? |
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VCP records the full cost, including the buyer's premium. ETA: Jesse is correct that you'd probably take a loss on a quick sell for a couple reasons. If you were the high bidder at auction, that means the next highest person in line to buy the card when you sell probably isn't willing to pay as much as you, or else they would have won it the first time. Also, although bidders "should" take the BP into account when bidding, it's easy to get brainwashed by the lower number that appears on the bid screen, and end up bidding higher than you should. This has been discussed ad nauseum before, and is a foolish thing to do, but is human nature I suppose. |
Dan, to be a nitpicker, in the example you gave, the expected high bid at an auction house with a 20% BP would be $416.67 (rather than $400.00). This figure is determined by dividing $500.00 by 120% (i.e., 1.20).
Val |
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That's some interesting, good to know information! I appreciate it. |
$167,300.
30% over last sale in 2013. Not a bad ROI. |
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Sale on 8-11-13 was for $125,332. Sale on 2-20-16 was $167,300, but it was $140,000 before buyer's premium. The $140,000 is what the seller received. $140,000 - $125,332 = $14,668. ROI of 11.7% For comparison, NASDAQ on 8-11-13 was 3,660. On 2-20-16 was 4,504. ROI there during same period was 23.1%. |
Eric, I would think the consignor got a piece of the premium on a card like that.
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So gorgeous looks like a reprint. But I agree it looks like it's had a trim job. IMHO, people who alter cards should reside in Dante's 8th circle of hell (reserved for the fraudsters)......:p
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I may be wrong, but I think this is the third or fourth time this card has come up for sale at major auctions in the last few years. That seems kind of odd to me....
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But that's a recent SGC flip. You don't think they took proper measurements to ensure that it was not trimmed or altered?
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My apologies...it's a more recent flip, but not the newest SGC flips. Still....
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I wouldn't want that card if it was free. It reeks of malice.
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Forgive my ignorance, but can't anyone just measure that card with a ruler?
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Have a look at this, detecting alterations in Goudey cards. Apparently, somebody at SGC could use a refresher course on this very thing. The borders are way too small, and I'm shocked that it was slabbed with this grade. Too bad, as that's my second favorite pre-war card behind the T206 Johnson port. But I would never put it in my collection, even if I could afford it. |
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http://www.net54baseball.com/showthread.php?t=173343 And yes it's the same card. http://catalog.scpauctions.com/lot-25655.aspx |
I try not to be too idealistic, but at the same time I try not to be too cynical either.
Look, this 1934 Goudey Gehrig looks nicer than half the cards you pull out of a brand new minty fresh 2015 pack. That is almost inconceivable. Maybe that is why this card is so special. One of a kind. Still, if the borders on the card had been initially "generous" and someone (owner) trimmed all the edges with an X-acto knife, wouldn't it be relatively easy to determine this by SGC? The card was most likely graded within the past five years, correct -- not during the first few years of the company's existence. They had that kind of oversight on a card of this magnitude if it is indeed trimmed?! Are we then to believe that this is a repeat of the infamous Mastro/PSA collusion with the NM-MT T206 Wagner? SGC and owner conspiring to alter card and grade it as gem mint? Does anyone really know the story behind this card? Did it come from a Goudey find much like the Black Swamp find that gave us mint condition cards from 1910? |
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