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Posted By: Robert Lifson

Just a quick follow up on this thread suggesting that four T206 Planks up for auction at the same time (2 at REA and 2 at Mastro) might put a damper on prices. I can certainly understand the thinking but after the fact it does not appear to have had any impact at all. The two T206 Planks in REA each sold for record prices for their grades:

Lot 138) The PSA 1 PR-FR sold for $18,000 hammer price ($21,150 with the buyers premium).
http://www.robertedwardauctions.com/site/bidplace.aspx?itemid=8300

Lot 146) The PSA 2 Good sold for $30,000 hammer price ($35,250 with the buyers premium).

http://www.robertedwardauctions.com/site/bidplace.aspx?itemid=8308

The laws of supply and demand apply to all cards, even T206 Eddie Planks, but it is interesting to note that the prices were extremely strong on these cards. I’m sure there are other cases that can be found with different cards where excess supply impacts prices negatively – and that’s the way it’s supposed to be! – but I think it’s hard to argue that these consignors did not do great even with four Planks available at the same time.