Cobb/Cobb card in Goodwin Auction

[JP]

Though it is a half-grade less than the Cobb/Cobb in the REA auction, I feel the one in the Goodwin auction presents much nicer. That being said, with buyer's premium it is already over $135,000 and the auction's still running. Has this card broken out of all previous price points or is this a registry battle that we see on occasion? (see the PSA 7 Lundgren in the last SCP for an example of what I mean) Is this similar to what we saw a few years ago when major separation developed between Planks and Magies? Like Wagners, will we never see this card for under $100k again?

[JP]

I'm intrigued that the Cobb/Cobb seems to have broken out to a new price level, and no one has anything to say about it. In 2005, Wagners of any grade eclipsed $100k, and then their price appreciation accelerated at an astronomical rate. In just five years, the price of Wagners tripled. In 2015, may we see $250-300k as the base price for a Cobb/Cobb?

[teetwoohsix]

I don't know which way to look at it-are serious collectors bidding it up that high because of the true rarity of the card and they want to add it to their collection,or is it seeing this type of escalated bidding due to the # of "investors" who only care about the card for the potential return 2-5 years from now?

Clayton

[ChiefBenderForever]

I thought they slightly overpaid about 100k or more.

[JP]

I feel like it was an overpayment as well BUT in a couple of years might this look like a hell of a steal? Cobb/Cobb is far more rare than Wagner after all...

[Chicago206]

Originally Posted by JP

I feel like it was an overpayment as well BUT in a couple of years might this look like a hell of a steal? Cobb/Cobb is far more rare than Wagner after all...

Rarity is just one part of the magical value equation!

[Potomac Yank]

Originally Posted by teetwoohsix

I don't know which way to look at it-are serious collectors bidding it up that high because of the true rarity of the card and they want to add it to their collection,or is it seeing this type of escalated bidding due to the # of "investors" who only care about the card for the potential return 2-5 years from now?

Clayton

*

After a while, it's easy to tell the difference between a collector, and a portfolio flipper.

The key words are:

Registry.
Half- grade.
Crossover. ... (not to be confused with Passover)
Value equation.
Investment.
Rare. ... (the word has lost its meaning)
SCP.
PSA - SGC - GAI.
That's just a start, I'm sure you can add more.
Notice, they rarely talk about the card ... It's always about the Munee.

Now ... In what group does JP, and a few others fit in?

[JP]

Actually, my entire point was about the card and its transcedence. Not a single word I wrote has to do with flipping...but I appreciate you once again pulling something irrelevant out of thin air. I think collectors may finally be appreciating the true signficance of this card to the hobby.

Furthermore, how is my speculation of reasons why OTHERS may spend so much on a card (financial interest included) any reflection on me? I didn't buy that Cobb. I rarely bUy a card with interest in selling it years from now. I either try to find a card to flip immediately to fund a purchase for my long-term collection, or I buy a card with the intent of hiding it away for decades.

[Potomac Yank]

None of us are able to read .....

It was all about the card.

[ullmandds]

with so few known to survive...you'd think not too many were made in the first place. Would there be such printing/gloss variations with so few made...I mean the two background reds appear very different? I don't know?

[JP]

Maybe the red ink is the same, but the gloss alters the appearance?

[calvindog]

Also, isn't the point of buying this card to get the unique back of the card? Why spend 150K on the card when the back looks like crap compared to other examples of the card which could have been had for 1/3 the price? Again, makes no sense at all.

[Peter_Spaeth]

Jeff you will have to ask that question to the winner and underbidder(s).

[Jim VB]

Originally Posted by calvindog

Also, isn't the point of buying this card to get the unique back of the card? Why spend 150K on the card when the back looks like crap compared to other examples of the card which could have been had for 1/3 the price? Again, makes no sense at all.

Since we started this thread, (not necessarily because of it) the REA Cobb has picked up a couple more bids. It's up to $60k versus $45k a few days ago. I think it will close in the same area as the Goodwin Cobb.

[Jacklitsch]

Originally Posted by Jim VB

Since we started this thread, (not necessarily because of it) the REA Cobb has picked up a couple more bids. It's up to $60k versus $45k a few days ago. I think it will close in the same area as the Goodwin Cobb.

$135,000 with the juice? I'll take the over.