T210s in Goodwin Auction

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Posted By: Jay Miller

What in the world is going on with T210 prices? Have I missed a dollar devaluation or is the market for these cards really that hot?

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Posted By: Bill Stone

Jay --it is amazing --I thought I was crazy to make my high bids but they pale in comparison to the levels we have now seen and it is only Tuesday ! I know there are some key cards that a number of collectors have been looking for so I assume that accounts for the high bids ---I only hope the winner bidder will take those gems they need and put the rest back in the marketplace for the rest of us!

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Posted By: Judge Dred (Fred)

Here's the (corrected breakdown w/ juice at 17.5%) as of about 1PM EST on 08NOV05:

Lot:   # Cards   Series   Bid (w/juice)  Price/card

52       74         1       $ 5590         $ 75.55
53       87         2       $ 5317         $ 61.11  (complete series)
54       72         3       $10362         $143.92
55       42         4       $ 8563         $203.89
56       72         5       $13792         $191.56
57       59         6       $20191         $342.22
58       26         7       $11856         $456.04
59       66         8       $27957         $423.60

That is some very spirited bidding - I guess the bidders have figured out that it isn't too often that you'll get the opportunity to pick up near complete series or bulk lots of these cards.

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Posted By: Jay Miller

Fred---I'm not sure what you are looking at but I have different prices. For example, for Series 7 and 8 I have the current per card bid, with the 17.5% buyers premium, at $456 and $424, respectively. These levels have been constant since this morning.

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Posted By: Judge Dred (Fred)

I put the juice at 15%. Sometimes my calculator is wrong (fat fingers)....

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Posted By: John S

I picked up a handful of these for less than $10 a piece at a show in 2001.

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Posted By: john/z28jd

If one person won all 8 lots as they stand now they would be paying around $110,000 for them in average vg condition and would only be 140 cards away from a complete set and that includes still needing the Jackson and Stengel.Thats just plain outright lunacy.Some of those cards are in poor condition

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Posted By: Tom Boblitt

a number of people have begun collection T210's lately and some of the folks in the market probably understand some of these people have pretty deep pockets. As with other items, the value just somehow tends to be driven up exponentially when this happens........some people are getting VERY nice windfalls from being the 'trendsetters' on the T210's, T211's and Contentnea's for sure.........they seem to be the flavor of the day right now............

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Posted By: Bill Stone

I am blown away by these prices ---I will check out the final prices in the morning but to think that they are bringing these amounts is really astounding --I hope it will encourage others to sell so maybe we can see these cards hit the market individually so those of us who want a few of the cards will have a shot at acquiring them --in the meantime congratulations to the eventual winners ---I hope you will tell us your story after all is said and done--I am really curious to know why these were so important to you. I am pleased for you and hope this completes the set ( I know several of you had Stengel and maybe Jackson so maybe this just completed your set)?

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Posted By: Judge Dred (Fred)

Final Tally below - whoa!!! A bit premature... see next post...

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Posted By: Elliot

Fred, the auction hasn't closed yet.

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Posted By: Judge Dred (Fred)

Dewey Wins, Dewey Wins!!!

Oops, about an hour premature....

Two changes (S4 and S5):

S1 total (w/juice) = $11,985 - Card Ave. = $162/card
S2 total (w/juice) = $ 7,784 - Card Ave. = $ 89/card
S3 total (w/juice) = $10,362 - Card Ave. = $144/card
S4 total (w/juice) = $12,538 - Card Ave. = $299/card
S5 total (w/juice) = $26,878 - Card Ave. = $373/card
S6 total (w/juice) = $35,769 - Card Ave. = $606/card
S7 total (w/juice) = $11,857 - Card Ave. = $456/card
S8 total (w/juice) = $40,933 - Card Ave. = $620/card

Overall the cards seemed to average around the VG condition with P/F cards in many lots.

Does anyone think this will have a great influence on T210 card prices on ebay?

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Posted By: scott brockelman

i do not know who won the T210's but i would say they were after a big group to try and start the set without doing a lot of work finding individual cards. thus, i doubt that ebay prices will be effected much. i do think the new owner might be in for a shock if indeed they have dupes and are going to try and recoup some of their expenditure. the number of people attempting this set is probably less than 10 with various others doing specific series.

as someone who sold a larger group of T210's(536) at what i felt was a fairly strong price, i was certainly amazed at these results, but again do not see them as setting the bar. i would venture to say if T210's of similar grade came on ebay next, AND THEY WILL, they will do well to get to 30-40% of these individual averages by series.

otherwise congrats to the new owner or owners as they are difficult to find, especially the higher series and will prove even more difficult to complete.

scott

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Posted By: tbob

Someone is going to be in for a rude awakening when they try to sell those Series 1-4 cards on ebay individually to try and recoup their investment. The Series 5 and above will be interesting also. Normally you would think that you could slab these cards and push the prices up on ebay but it's been my experience, buying and selling 210s, that slabbing these cards doesn't affect the sale price as much as other sets.

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Posted By: Jay Miller

You guys are missing the point. The guy buying these cards will not be puttiing duplicates on ebay. Possibly they will end up as a group in a major auction. What is more likely is that he will hold them as trade material.

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Posted By: Rob (NYC)

There is a magazine that SCD puts out bi-yearly. In its latest issue there was an article on "The Next Million Dollar Card". It predicted the T210 Joe Jackson to be that card. And it has a price guide for those series of tobacco cards. I think this is what may be causing the frenzy.

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Posted By: Judge Dred (Fred)

I agree with Scott also. Someone picked up near complete series of cards and paid a premium so they wont have to go looking for too many cards to complete the set.

I guess if only one person is seriously looking to complete a high grade set of these cards then there wont be too much of a price push, now if you get two or three deep pocketed types looking to complete high grade sets then there could be a pretty good bidding war for the nicer material.

Somehow I don't think the person that paid this much for the cards will really care if they can recoup the cost of the cards if they tried to sell the dupes. People fortunate enough to have great resources probably see the goal as completion of the sets and price may be of minor consideration for them so reselling dupes and recouping costs probably isn't a concern.

I'm still amazed at the final cost per card... great for the auction house and consignor.

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Posted By: Bill Stone

Sometime ago someone indicated that there would be a large lot of T210 cards in the next Robert Edward Auction. Has anyone confirmed that? It will be interesting to see if these prices hold.

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Posted By: Frank Wakefield

Hey guys... did one guy win all 8 lots of T210s in Goodwin's auction, or did the lots go to different buyers? Jay, did you get any of them??? And is there really another auction soon with a bunch of T210s offered???

I've thought Bob Lemke had T210s a bit undervalued all along, especially series 6 and 8. But recently on eBay I lost a series 7 bid, it went for just over $70, and there were 4 series 6 graded T210s that I was interested in, they went for $108, $112, $57, and $180.... and here I was, poor, in the hills of Kentucky, thinking $50 would win one of 'em. Ratz. So what IS the deal with T210 prices?

Frank.

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Posted By: scott brockelman

i believe one person won them all. as i stated above, a prominent collector who chose to get a large group at one time without the work. i won't be mentioning the name for the protection of his privacy.

scott

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Posted By: Bill Stone

Well I sure hope whoever won all the lots keeps the ones he needs and puts the rest back into the market. It is amazing to see what has happened to the prices for these cards --I just hope it has the effect of encouraging others to sell off their holdings---we need more to surface!

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Posted By: barrysloate

If one person in fact won them all, that partly explains why the prices were so high. There is so much pressure to keep topping every lot that the prices keep spiralling up. That suggests that the final bids may not necessarily be a true barometer of the market for them. Nonetheless, those red-bordered devils are certainly red hot.

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Posted By: Frank Wakefield

Well if one person won all 8 lots, there had to be at least one other someone bidding them up so high. I figure that there were probably at least 3 good bidders. If it was just 2, and you saw you were behind on 6 or 7 lots, wouldn't you focus your bucks on 1 or 2 lots at that point in time? I don't know... I just don't think it was a sole "must have" bidder. Makes me think about selling my pile of little red cards.

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Posted By: Bill Stone

Frank --I was hoping you were the winner of the Series 6 cards.As I was bidding in the early stages I thought I might be bidding against you ! I won a couple of the T210 cards in the recent E-bay auction and you are right they were expensive but compared to the sale price in Goodwin's it doesn't seem that bad. Hold on to your cards --as much as I like to see these little cards become available it is also nice to know there are serious collectors who have been able to acquire so many of these cards --.

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Posted By: eric p.

bill, i have about 20 series 6 cards available, their not cheap, i have some tough ones like angermeir fielding, hicks and scheneberg fielding, email me if your interested.