maniac_73 is right about it being pumped in Facebook groups and there seems to be a big bump on all things Ruth the past few years, on top of the crazy spikes for vintage cards in general.
I bought a Sanella Type 2 PSA 7 in 2013 for $189 at an eBay auction. I took a break from collecting from 2015 until this year when my kids were born and growing up. When I got back in earlier this year I was surprised to see how much my vintage cards have gone up in general, was shocked at my how much my T206 Cy Young portrait has spiked (Young is another guy, lik Ruth, with increases in price that have rocketed above the overall vintage card market), and then was floored at seeing the sales prices of the Sanella Ruths and his other cards.
In 2014 I just lost out at the last minute on an eBay auction for a red 1933 Goudey Ruth graded at PSA 4 that wound up selling for $2,750. Just this February one sold at auction on eBay for $26,605. Another one sold at "Buy it Now" for $29,250 in April. Had I only known in 2014 what was going to happen...
All that said, that price for a PSA 2 is still nuts. I checked PSA Card Facts and they listed Type 3 PSA 2 cards selling for $287 and $151 respectively at eBay auctions in 2018 and 2019.
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