$202,000 Jeter Card

[oldjudge]

So let me get this straight —this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I’ll go with the Jeter because his card is shinier. Wow, just wow!

[Bored5000]

Originally Posted by oldjudge

So let me get this straight —this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I’ll go with the Jeter because his card is shinier. Wow, just wow!

I think the flaw with that thinking is that it is not necessarily an either/or choice. if someone has $200K to drop an individual card, what makes you think they don't also have $200K to drop on a Ruth rookie?

[oldjudge]

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

[whitehse]

I saw that this card had ended above 200K and just shook my head. Not because I am more of a vintage person and my thoughts swirled with what vintage cards I could have bought with that money but rather why anyone would pay that kind of money for a card that is so....new.

I know...to each their own but I just have a hard time wrapping my mind around this one. But I guess if I had screw you money spending this kind of cash on a modern card would not be a big deal. I just hope the buyer didn't purchase this card with the intent of flipping it because I cannot see the ceiling being much higher.

[Rhotchkiss]

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

Jay, I am with you here. But not everyone collects stuffy old cards of dead guys, like us. That’s why this hobby is so great - there is something for everyone.

I like when modern cards sell for big money. What’s good for modern is good for the whole hobby.

[Dpeck100]

People are over thinking this. There is enough money floating around to support art prices where three have sold publicly for more than 250 million and the highest being 450.3 million.

This is modern art to someone. There are people out there that can pull the trigger on items they want knowing they are going to go to battle with someone else that has just as many resources at their disposal and now it comes down to who wants it most. A badge of honor if you will and you get to hold it in your hand.

Just think if you could wait all week and then launch your snipe of 200k.

Sounds very awesome.

I can't place myself in these shoes. You have to have serious dough to be able to buy cards like this and be able to deal with the repercussions.

At the end of the day baseball cards are king and so the market for cards like this is a lot bigger than people think. There might only be a few that will pay 200k but there are plenty that will pay 100k so in reality no one can question this card being a monster. The question is just where does it go from here? That all depends on supply and that is always the unknown.

[ullmandds]

Who’s overthinking this???

Originally Posted by Dpeck100

People are over thinking this. There is enough money floating around to support art prices where three have sold publicly for more than 250 million and the highest being 450.3 million.

This is modern art to someone. There are people out there that can pull the trigger on items they want knowing they are going to go to battle with someone else that has just as many resources at their disposal and now it comes down to who wants it most. A badge of honor if you will and you get to hold it in your hand.

Just think if you could wait all week and then launch your snipe of 200k.

Sounds very awesome.

I can't place myself in these shoes. You have to have serious dough to be able to buy cards like this and be able to deal with the repercussions.

At the end of the day baseball cards are king and so the market for cards like this is a lot bigger than people think. There might only be a few that will pay 200k but there are plenty that will pay 100k so in reality no one can question this card being a monster. The question is just where does it go from here? That all depends on supply and that is always the unknown.

[Dpeck100]

Originally Posted by ullmandds

Who’s overthinking this???

Just about every person posting. You can't logically think a modern card is worth 200k.

The only answer is the free market and it moves prices to levels that always seem unbelievable. Many times the sharpest movers higher just go higher.

None of us have a clue if this a good price or a bad price. If the buyer is happy at this moment that is all that matters.

[Nunzio11]

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

Jeter will always be a debatable figure from a historical standpoint. Not debating historical significance but I would bet if you asked any Yankee fan born after 1970 who their all time favorite Yankee is, a strong majority of them would say Derek Jeter. Every New Yorker in their 40s grew up with Derek Jeter. 4 championships from 1996-2000 and Jeter was the center of it all. Just given the modern media landscape the Jeter name is probably bigger than any pre war type player to the generic baseball fan. Again not debating baseball statistics but derek Jeter definitely has historical significance. I think we’ll see it again in December when he’s the second unanimous HOFer and in July when Cooperstown has the largest attendance ever, as anticipated. That’s a lot of fans and a lot of money to follow. Jeter, Jordan, Brady different level to the modern investor.

[JunkyJoe]

Like Huell Howser would say: "That's amazing!"

So, between BGS and PSA it looks like 21 of these cards have been graded so far. Makes ya wonder how many of those remaining 9 cards are in Gem or even BGS "Pristine" condition. Just imagine what a BGS 10 Black Label might sell for? A cool half-million, maybe more? Simply B O N K E R S!

[todeen]

Originally Posted by Nunzio11

Jeter will always be a debatable figure from a historical standpoint. Not debating historical significance but I would bet if you asked any Yankee fan born after 1970 who their all time favorite Yankee is, a strong majority of them would say Derek Jeter. Every New Yorker in their 40s grew up with Derek Jeter. 4 championships from 1996-2000 and Jeter was the center of it all. Just given the modern media landscape the Jeter name is probably bigger than any pre war type player to the generic baseball fan. Again not debating baseball statistics but derek Jeter definitely has historical significance. I think we’ll see it again in December when he’s the second unanimous HOFer and in July when Cooperstown has the largest attendance ever, as anticipated. That’s a lot of fans and a lot of money to follow. Jeter, Jordan, Brady different level to the modern investor.

+1

I live in Washington state. When Jeter announced his retirement, I realized I had never seen him live. So I bought tickets in February to his last home series in Seattle versus the Mariners. I'm not even a Yankees fan! I even took my toddler so he could say when he's 65 that he went to a Derek Jeter game (granted he can't remember it). We sat out in the section that is normally "King's Corner" with the Felix Hernandez fans. I'm not lying that I hardly saw a Mariner's jersey in that corner. We were surrounded by people who had New York accents. He is an icon. Biggest player of my generation. I doubt that will be the last Jeter card to hit that number. Mike Trout might be a better player, but unless he gets those WS rings, he won't compete with Jeter for legendary status.

[ValKehl]

Yes, it's hard to get the legendary status Jeter seems to have when you don't get to play for winning teams. In addition to Trout, just ask Teddy Ballgame.

[oldjudge]

Originally Posted by todeen

+1

I live in Washington state. When Jeter announced his retirement, I realized I had never seen him live. So I bought tickets in February to his last home series in Seattle versus the Mariners. I'm not even a Yankees fan! I even took my toddler so he could say when he's 65 that he went to a Derek Jeter game (granted he can't remember it). We sat out in the section that is normally "King's Corner" with the Felix Hernandez fans. I'm not lying that I hardly saw a Mariner's jersey in that corner. We were surrounded by people who had New York accents. He is an icon. Biggest player of my generation. I doubt that will be the last Jeter card to hit that number. Mike Trout might be a better player, but unless he gets those WS rings, he won't compete with Jeter for legendary status.

I’m a life long Yankee fan, but I honestly have never drunk the kool-aid when it came to Jeter. Granted, he was a great player. However, in my mind, he was never better than the third best player on the Yankees for most of his career. I consider Mariano and Arod to be above him. I also thought that Jeter was somewhat selfish when he refused to move from shortstop when Arod, a better shortstop, came to the Yankees. I think mentioning him in the same breath as Brady and Jordan is absolutely crazy.

[Nunzio11]

Originally Posted by oldjudge

I’m a life long Yankee fan, but I honestly have never drunk the kool-aid when it came to Jeter. Granted, he was a great player. However, in my mind, he was never better than the third best player on the Yankees for most of his career. I consider Mariano and Arod to be above him. I also thought that Jeter was somewhat selfish when he refused to move from shortstop when Arod, a better shortstop, came to the Yankees. I think mentioning him in the same breath as Brady and Jordan is absolutely crazy.

Agreed, I could have been more specific. i was speaking strictly from a popularity standpoint, not as status as the greatest in their sport. For many different reasons Jeter’s popularity transcended his sport into the mainstream like Jordan and Brady where the casual or even non fan recognizes then.

[MULLINS5]

Originally Posted by todeen

+1

I live in Washington state. When Jeter announced his retirement, I realized I had never seen him live. So I bought tickets in February to his last home series in Seattle versus the Mariners. I'm not even a Yankees fan! I even took my toddler so he could say when he's 65 that he went to a Derek Jeter game (granted he can't remember it). We sat out in the section that is normally "King's Corner" with the Felix Hernandez fans. I'm not lying that I hardly saw a Mariner's jersey in that corner. We were surrounded by people who had New York accents. He is an icon. Biggest player of my generation. I doubt that will be the last Jeter card to hit that number. Mike Trout might be a better player, but unless he gets those WS rings, he won't compete with Jeter for legendary status.

Not to derail, but when I recently heard the Patriots were playing at FedEx Field vs the Redskins I bought tickets for the family and went to watch Brady play since the Redskins are the closest team to us (3 hours). That place was PACKED with Patriots/Brady fans about 70/30. I knew it was probably going to be the last shot I had seeing him play in person and that's how most of the people in our section felt as well.

[Peter_Spaeth]

Times have changed. I grew up in the DC area and in the 70s and 80s, unless you had connections, Redskins tickets were hard to come by.

[pokerplyr80]

Originally Posted by MULLINS5

Not to derail, but when I recently heard the Patriots were playing at FedEx Field vs the Redskins I bought tickets for the family and went to watch Brady play since the Redskins are the closest team to us (3 hours). That place was PACKED with Patriots/Brady fans about 70/30. I knew it was probably going to be the last shot I had seeing him play in person and that's how most of the people in our section felt as well.

I went to the Rams vs Packers game last season in LA. I'd say at least 70% of the fans were rooting for the Packers, if not much more. It felt like a home game. I thought this was in large part due to packer fans traveling or those like myself who have relocated but have come to find out it's pretty standard for most Ram and Charger games out here.

[JunkyJoe]

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

+1

For me, it's all the various "rare" Jeter cards printed in the 90's that makes these prices a bit silly. Like the '93 SP Foil Jeter card, for example. Didn't a PSA 10 sell for $99,000 last year? And there are 22 of them graded 10 by PSA .... oh, and not to mention, there have been 253 graded 9.5 by BGS!!!

How about the ones that haven't been graded yet? Maybe a dozen more PSA 10's? Perhaps some BGS Black Labels yet to be graded?

[AGuinness]

Originally Posted by JunkyJoe

+1

For me, it's all the various "rare" Jeter cards printed in the 90's that makes these prices a bit silly. Like the '93 SP Foil Jeter card, for example. Didn't a PSA 10 sell for $99,000 last year? And there are 22 of them graded 10 by PSA .... oh, and not to mention, there have been 253 graded 9.5 by BGS!!!

How about the ones that haven't been graded yet? Maybe a dozen more PSA 10's? Perhaps some BGS Black Labels yet to be graded?

I started a thread in May 2018 about the Jeter 93 SP PSA 10 that sold for nearly $100k, and part of what I noted was how I expected more of them to be graded, diluting the PSA 10 population. The population at the time was 22, and it still is. So much for that hypothesis.

I'll echo the sentiments that it is a great hobby because people can enjoy it in many different ways, and that a healthy and robust modern market is likely a good sign for the vintage market as well.

And it's also great that both the modern and vintage collectors can each salivate over a card with a significant level of scarcity of a sure-fire HOF shortstop who is strongly associated with a single team that sells for six figures and it's not even a rookie card - and all the while those collectors are ogling different cards from different eras.

[JunkyJoe]

Originally Posted by AGuinness

I started a thread in May 2018 about the Jeter 93 SP PSA 10 that sold for nearly $100k, and part of what I noted was how I expected more of them to be graded, diluting the PSA 10 population. The population at the time was 22, and it still is. So much for that hypothesis.
...
.......

I agree these high prices are good for the hobby, as silly as they are. There are lots of silly and outrageous things about this hobby, and in instances such as this bonkers Jeter auction, we get the opportunity to have a good laugh now and then. Double benefit as far as I'm concerned.

I may be wrong, but I don't think the Gem Mint card populations grow much from year to year, generally speaking. I'd expect that eventually -- say, 10 or 15 years from now -- there might be a few more that have been graded PSA Gem Mint. Or, maybe a couple dozen more that have been graded BGS 9.5 (and perhaps a couple BGS 10's by then, as well).

[Leon]

It seems some individuals are making more mint vintage cards daily. And others are getting away with faking certain stamped backs (not referring to Holmes to Homes, they can be printed, I don't care). As for the Jeter card. It's a free America. Bless capitalism.

Originally Posted by JunkyJoe

I agree these high prices are good for the hobby, as silly as they are. There are lots of silly and outrageous things about this hobby, and in instances such as this bonkers Jeter auction, we get the opportunity to have a good laugh now and then. Double benefit as far as I'm concerned.

I may be wrong, but I don't think the Gem Mint card populations grow much from year to year, generally speaking. I'd expect that eventually -- say, 10 or 15 years from now -- there might be a few more that have been graded PSA Gem Mint. Or, maybe a couple dozen more that have been graded BGS 9.5 (and perhaps a couple BGS 10's by then, as well).

[Fred]

Originally Posted by oldjudge

Eddie-If I had $200 million to spend on cards I still wouldn't pay $200,000 for that Jeter card (or $20,000 or $2,000 for that matter).

or 20 bucks.

Absolutely mind boggling.

For $202K I'd have every spotted tie OJ and still have money to buy a bunch of other cool cards.

[toledo_mudhen]

Originally Posted by oldjudge

So let me get this straight —this is one of 30 of this card. I know it is a PSA10, but it is one of 30. The buyer of this card believes that this is a good investment? Let me think, Ruth rookie or Jeter rookie. I guess I’ll go with the Jeter because his card is shinier. Wow, just wow!

OMFG! There are no words

[Peter_Spaeth]

I am sure we've all bought cards because we liked them, not necessarily because we thought they were a great investment.

[Stampsfan]

This reminds me of a T-shirt I once got as a gift, as an avid golfer. It was a picture of a Herman cartoon Two guys are holding golf clubs, while a single guy in the background is carrying a fishing rod.

The one "Herman" golfer says to the other "Can you imagine some idiot getting up at this time of the morning just to go fishing?"

[iowadoc77]

Originally Posted by Peter_Spaeth

I am sure we've all bought cards because we liked them, not necessarily because we thought they were a great investment.

Have to agree here. It isn’t all about investment and it certainly isn’t all about whether it makes sense to us. When you have to have a card many times you disregard the logic of others and you just get it if you can afford it. Certainly doesn’t have to make sense to anyone else. You can argue whether or not it is worth it or not but it may not matter a bit to the buyer. Or it may. All rhetorical discussions.
But that certainly is a lot for really any card. It is fun to follow these auctions and often see them just explode right before the hammer

[Peter_Spaeth]

On a comparatively trivial scale, I've done it a number of times myself, paid stupid money for a card I'd been looking for for years and could not be sure another one would come along. Mostly on the nonsports side where there really is a good chance you may never see a particular card again.

[ejharrington]

I think it’s crazy that people treat baseball cards as an investment. I expense every card I buy. When I croak whoever gets them will find out whether they appreciated or depreciated.

[Exhibitman]

I'd definitely fish it out of a dollar box...

[Fuddjcal]

Originally Posted by ejharrington

I think it’s crazy that people treat baseball cards as an investment. I expense every card I buy. When I croak whoever gets them will find out whether they appreciated or depreciated.

, me too.