1952 Topps Mickey Mantle PSA 8 in PWCC Auction

[benjulmag]

There's dumb, dumber, dumbest and then there's something beyond even that. With law enforcement presumably watching PWCC's every move, coupled with them being advised by astute defense counsel, for PWCC to even contemplate doing anything not entirely kosher with this sale would fall into the "beyond even that" category.

[Peter_Spaeth]

Originally Posted by benjulmag

There's dumb, dumber, dumbest and then there's something beyond even that. With law enforcement presumably watching PWCC's every move, coupled with them being advised by astute defense counsel, for PWCC to even contemplate doing anything not entirely kosher with this sale would fall into the "beyond even that" category.

Like trying to sell an altered T3 Cobb in a PSA 2 slab with a bullshit addendum buried at the bottom, and claiming the numerical grade was appropriate? And trying to convince Jesse it was ok, and only taking it down when he insisted?

That said, on a sale of this magnitude, I would hope he walked the line.

[Johnny630]

What are the odds on this; Back in the vault will be relisted down the road

[BeanTown]

Originally Posted by Johnny630

What are the odds on this; Back in the vault will be relisted down the road

Wonder if the winning bidder is a member or a new member of the famed "buying group".

[Lorewalker]

Impressive appreciation in the asset. Maybe back in Feb had Heritage been involved in a massive hobby scandal the card would have sold for more.

[Exhibitman]

Originally Posted by benjulmag

There's dumb, dumber, dumbest and then there's something beyond even that. With law enforcement presumably watching PWCC's every move, coupled with them being advised by astute defense counsel, for PWCC to even contemplate doing anything not entirely kosher with this sale would fall into the "beyond even that" category.

Paging Mark Allen...

[drcy]

It's best to accuse PWCC when there are facts (and there a many cases where there are facts).

It is plausible that someone who doesn't ordinarily use eBay, or wants to make sure he purchases a half a million-dollar item anonymously, signed up just to buy this card.

[Santo10Fan]

Originally Posted by drcy

It's best to accuse PWCC when there are facts (and there a many cases where there are facts).

It is plausible that someone who doesn't ordinarily use eBay, or wants to make sure he purchases a half a million-dollar item anonymously, signed up just to buy this card.

I deal with the former frequently when I sell current concert posters/prints. Normally they are non-ebay conertgoers scrambling to get a print they just missed since designs change in each city.

Considering PWCC circumstances and the final price, the Mantle buyer hit a good price point. The consigner's ROI was likely not as good as would be expected from PWCC pre-scandal imo, although it was a short turnaround (flip). The buyer has a 14-day NQA return window to examine the card personally and potentially have one or more third parties weigh in. He/she has the backing of ebay, paypal, and PSA. The buyer could choose to challenge PSA directly on its guarantee.

Under those circumstances, I don't find the purchase to be much of a risk, on the contrary it seems a perfect time for an astute buyer to get a nice Mantle.

[perezfan]

Originally Posted by Santo10Fan

I deal with the former frequently when I sell current concert posters/prints. Normally they are non-ebay conertgoers scrambling to get a print they just missed since designs change in each city.

Considering PWCC circumstances and the final price, the Mantle buyer hit a good price point. The consigner's ROI was likely not as good as would be expected from PWCC pre-scandal imo, although it was a short turnaround (flip). The buyer has a 14-day NQA return window to examine the card personally and potentially have one or more third parties weigh in. He/she has the backing of ebay, paypal, and PSA. The buyer could choose to challenge PSA directly on its guarantee.

Under those circumstances, I don't find the purchase to be much of a risk, on the contrary it seems a perfect time for an astute buyer to get a nice Mantle.

I could be mistaken, but didn't PSA claim to have $700K in reserves for their potential "Guarantee" payout?

If that figure is correct, this one card would wipe out 71.4% of their total reserves. Not that they'd ever actually pay out, but that would be a hoot, if it happened.

[Santo10Fan]

Originally Posted by perezfan

I could be mistaken, but didn't PSA claim to have $700K in reserves for their potential "Guarantee" payout?

If that figure is correct, this one card would wipe out 71.4% of their total reserves. Not that they'd ever actually pay out, but that would be a hoot, if it happened.

If PSA reexamines it and determines "the card can no longer receive a numerical grade under PSA's standards" it guarantees to "buy the card from the submitter at the current market value." I think determining that value is going to involve a judge.

[Fuddjcal]

Originally Posted by perezfan

I could be mistaken, but didn't PSA claim to have $700K in reserves for their potential "Guarantee" payout?

If that figure is correct, this one card would wipe out 71.4% of their total reserves. Not that they'd ever actually pay out, but that would be a hoot, if it happened.

especially since the card has been soaked in bleach or peroxide and had the corners trimmed, IMHO...and won by a bidder with ZERO feedback.

You can't make this stuff up...

[CuriousGeorge]

Did you happen to notice that the underbidder, who bid $100 less, has feedback of 1315? So do you think that means for the extra $100 Brent decided to pull a maneuver or that perhaps a guy with zero feedback just happened to win the auction?

I mean I know everyone wants to crucify the guy but 10 seconds of checking eBay and a little common sense can show you this isn’t the one to pick on.

You can’t make this stuff up.

Originally Posted by Fuddjcal

especially since the card has been soaked in bleach or peroxide and had the corners trimmed, IMHO...and won by a bidder with ZERO feedback.

You can't make this stuff up...