Quote:
Originally Posted by Rhotchkiss
This card was purchased for about $5mm less than two years ago. Last night it sells for $7.2mm - a $2.2mm (44%) increase in two years, which is 22% per year. How on god’s green earth is that result a “failure”? It isn’t. Instead, there was a ton of hype and the result did not meet the hype. But the result was very good. The hype was BS. The BN Ruth was worth $5mm two years ago. Now it’s worth $7.2mm. Seems to me, that is pretty darn positive
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Spot on Ryan! Also, consider that the BN Ruth (in the exact same grade) outperformed the SGC 3 T206 Wagner also sold by REA a few years ago by $0.6 million. The Wagner & 1952 Topps Mantle are the undisputed cornerstone cards in the hobby. Thus, this $7.2 million sale should be viewed as a major hobby success. We all got caught up in the “hype” of a potential eight-figure+ sale (including myself), ultimately tainting a solid $7.2 million pricing point. Crazy.