Gem Gehrig @ Heritage

[Bliggity]

1934 Goudey SGC 98 Gehrig

Yowzer, what a card. I feel like I need to put on sunglasses to look at it. Any guesses where it tops out? Looks like it sold for $125k back in 2013. It's at $65k now with BP, with a week left.

[irv]

Originally Posted by Bliggity

1934 Goudey SGC 98 Gehrig

Yowzer, what a card. I feel like I need to put on sunglasses to look at it. Any guesses where it tops out? Looks like it sold for $125k back in 2013. It's at $65k now with BP, with a week left.

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

[Bliggity]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

That's right. Heritage has a 19.5% buyer's premium that gets added to the winning bid. So, if you bid $55,000, you are actually agreeing to pay $55,000 x 1.195, or $65,725. Most auction houses have a buyer's premium of somewhere between 15-20%.

[Bored5000]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

CURRENT BID:$55,000
w/ Buyer's Premium (BP) : $65,725.00
Status: Reserve (If Any) Will post on 02/13/2016 7pm CT
Heritage Live Enabled

Not Bliggity, but yes is the answer to your question. All action houses charge a buyer's premium on top of the price. With most auction houses, the BP is around 18-20 percent, though some of the smaller auction houses have 12-15 percent BPs.

If you are buying a card through an auction house, you have to keep the BP in mind when deciding how much you are comfortable bidding.

[sbfinley]

Originally Posted by irv

Bliggity, can you explain to me what this means? I am confused on the increased price W/Buyers Premium? If the card sold, or if you purchased/won it for $55,000, is the $65,725.00 the total price that card will cost you in the end?

No, add shipping to that.

[pawpawdiv9]

Comparisons sake

and this recent purchase by board member Snapolit1 from LOTG for 7k+BP

[sporteq]

Originally Posted by Bliggity

1934 Goudey SGC 98 Gehrig

Yowzer, what a card. I feel like I need to put on sunglasses to look at it. Any guesses where it tops out? Looks like it sold for $125k back in 2013. It's at $65k now with BP, with a week left.

That looks trimmed by a hair or two.. IMO

Lovely colors tho!

[Stonepony]

Originally Posted by sporteq

That looks trimmed by a hair or two.. IMO

Lovely colors tho!

Thanks to Mastros comment on high grade pre-war cards, that's the first thing that pops in my mind when I see cards like this. I'm likely not wrong.

[sporteq]

Originally Posted by Stonepony

Thanks to Mastros comment on high grade pre-war cards, that's the first thing that pops in my mind when I see cards like this. I'm likely not wrong.

look at the borders on these PSA VG 3. Guess will never know.

[hammer]

The older the cards get the shorter the borders become.

[botn]

Originally Posted by hammer

The older the cards get the shorter the borders become.

Clearly the higher the grade the smaller the card gets. See it over and over.

[irv]

Originally Posted by Bliggity

That's right. Heritage has a 19.5% buyer's premium that gets added to the winning bid. So, if you bid $55,000, you are actually agreeing to pay $55,000 x 1.195, or $65,725. Most auction houses have a buyer's premium of somewhere between 15-20%.

Originally Posted by Bored5000

Not Bliggity, but yes is the answer to your question. All action houses charge a buyer's premium on top of the price. With most auction houses, the BP is around 18-20 percent, though some of the smaller auction houses have 12-15 percent BPs.

If you are buying a card through an auction house, you have to keep the BP in mind when deciding how much you are comfortable bidding.

Thanks guys.

I knew there were fees, but had no idea they were that much.

So in reality, if you paid the $65,000 total, all fees in and wanted to or had to sell the card in a month or two, would you list/reserve it for the $65,000 you paid or the $55,000 that it is actually worth? (Rounding numbers only)

Also, if it gets listed in VCP, is the $55,000 price the one that gets entered or the $65,000, total cost amount?

[Neal]

Originally Posted by hammer

The older the cards get the shorter the borders become.

or the higher the grade .....