Insane Babe Ruth card on Ebay

[raulus]

Originally Posted by ullmandds

yup...back to reality where rarity doesn't always equal value. Possibly poor timing as well?

Nope.

The moral of the story is that eBay is the superior auction house. Bar none!

[Leon]

Originally Posted by raulus

Nope.

The moral of the story is that eBay is the superior auction house. Bar none!

Not even close, but good try!
.

[carlsonjok]

Originally Posted by Leon

A lot of prognosticator's didn't quite hit the mark. It has to be a 100k card!

[ejharrington]

I just don't understand how one can expect to profit on a quick flip when there is typically a 20% buyer's premium?

[Carter08]

Originally Posted by ejharrington

I just don't understand how one can expect to profit on a quick flip when there is typically a 20% buyer's premium?

Agreed. But I think the thought was get it in a slab and get it to a proper auction house and there will be a profit. If crypto hadn’t crashed in the meantime it might have worked.

[Rhotchkiss]

Originally Posted by Carter08

If crypto hadn’t crashed in the meantime it might have worked.

I may be wrong, but I dont think the buyers of an Uncle Jack's Ruth are the same as the Crypto Crowd. My guess is that the Ruth Uncle Jack's crowd is comprised of older and wealthier buyers, rather than younger and richer, which Ruth buyers are more likely impacted by rising interest rates and falling stock and bond values, rather than the value of crypto and blockchain-related issues.

I am not saying the general economy is not a factor contributing to Snowman shitting the bed on his "bet", but I doubt crypo has much to do with it, and I doubt it will have much to do with the fall *and rise) of prewar cards.

Ryan Hotchkiss

[pcoz]

Thought it would go for 75-90k. I paid 59k for my PSA 2 not long ago. Maybe the market is softening a bit like we’ve seen with some of the Cracker Jacks.


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[LincolnVT]

Yeah, seemed like a lot of the higher end stuff was “soft” in this auction…not just the CJs, but some of the higher dollar Ruth stuff. A sign of something.

[raulus]

Originally Posted by Leon

Not even close, but good try!
.

OK. Let's try again.

Obviously, the real moral of the story is that sometimes there are outliers, particularly when we're talking about a single data point.

While crazy stuff has happened over the last 24 months in our world, with prices always seeming to go up up up, doubling and tripling in the course of a few weeks or months, it's theoretically possible that you could overpay to buy a piece, and then when you turn around to offload it, you might struggle to get back what you paid. Not every T206 Wagner will double in 2 months between when you buy it for $2M and then turn around and sell it for $4M.

An equal part of the story is that when you send stuff to auction, you never know what might happen. It might go nuts and through the roof. Or it might languish. As Howard enjoys reminding us, auctions are not always the best way to go.

[bn2cardz]

Originally Posted by LincolnVT

Yeah, seemed like a lot of the higher end stuff was “soft” in this auction…not just the CJs, but some of the higher dollar Ruth stuff. A sign of something.

Yeah, that it is the Holiday season.

Sure there is going to be a dip from 2021, but every year we see a dip around this time of year.

[bnorth]

Originally Posted by Rhotchkiss

I may be wrong, but I dont think the buyers of an Uncle Jack's Ruth are the same as the Crypto Crowd. My guess is that the Ruth Uncle Jack's crowd is comprised of older and wealthier buyers, rather than younger and richer, which Ruth buyers are more likely impacted by rising interest rates and falling stock and bond values, rather than the value of crypto and blockchain-related issues.

I am not saying the general economy is not a factor contributing to Snowman shitting the bed on his "bet", but I doubt crypo has much to do with it, and I doubt it will have much to do with the fall *and rise) of prewar cards.

Ryan Hotchkiss

Maybe he got his funds straightened out with the much longer time the card was listed at the AH and won it.

[G1911]

This is hilarious. Hopefully he got his money straight and was able to purchase this for less than half its “value”.

[Republicaninmass]

Originally Posted by G1911

This is hilarious. Hopefully he got his money straight and was able to purchase this for less than half its “value”.

There really should be a "like" button!

Simply the best