Bid
 

Your bid lacked that certain buying power... Best club up a bit

That's a Saturday card too.

My Plank bid is holding up nicely!

I'm guessing 2.2M

Apparently I was crazy optimistic.

Rea
 

This will be the first time in 3 years I haven't chased anything in that crazy auction. Would have chased a few, but either I have expensive taste in cards or all if it is very nice stuff

It's interesting that virtually all of the bidding on the Wagner took place the first day. In the last twenty two days there were only three bids, one which was a bump of a ceiling bid. And on the final day there were none. I don't quite understand it, but there must be a reason.

Barry, most of the bids the 1st day were bid as a goof, guys bidding in the $100-$200K range knowing
they had no chance of winning it.
Our buddy Sarno was high man at $110K, & even I was high man for a minute at $180K.
Would have got a 2nd mortgage & partners if I did land it at that, but wasn't the case.

Other bids could have been placed to scare away other bidders as the price point became higher & higher.
Still all in all it went for $1.32 million w/ the juice. I'm sure the consignor & REA are delighted & hopefully the winning bidder is too!
If not that's quite the buyers remorse he'll have.

The card that I was bidding on doubled in price the last day. It was hit and miss. The Wagner and some other cards went a little lower while othere went higher.

1.3 is pretty healthy for a VG card. Think the last 3 was 1.2 a couple years ago.

agreed...these cards cant just keep going up and up now!!!!!

Agreed
 

They can't continue to increase in price each and every auction or else everyone would be in on these auctions. Never a sure thing

The Wagner will.

I wanna see what the 8 Wagner does now that it's doctoring is common knowledge

I had a a few bids in, but didn't win anything. I don't understand $3,600 (including the juice) for the heavily trimmed Jim Thorpe M101-5 when a decent one can be had in the $5,000 range. A similarly trimmed Thorpe sold for $1,000 at REA in 2011. I know it's not 2011 anymore, but $3,600 for that card seemed pretty strong, IMO.

I admit that I am not super well versed on modern cards, but $14K and $12K respectively for the artist's proofs of Bernie Carbo and Larry Bowa's 1971 Topps All-Star Rookie cards surprised me.

I had an early bid in on the Titus endorsed check, and thought about putting in another bid before I went to bed early Sunday morning. I actually thought it would go for more than the $540 (with the BP) closing price.

Jay- I know there were many placer bids at the low levels, but to reach 900K on the first day left little room for any other bidding. If the person who bid the 900K won the lot, then his strategy was a complete success. But if he didn't win it, then he accomplished nothing. I know plenty of lots did well at the end- look at the 1879 Chicago photograph and what it did after 4:00 AM. But the case of the Wagner was curious to me. We used to wait until the end to try and win something, not try to win it on the first day.

It depends on who is buying. How many collectors have 500K-2M to put into one card? If it is "investors buying, they are looking for a return. As soon as cards like t206 Wagner and 52T Mantle slow down, investors may look to take profit and the market correct.

Time will tell
 

I was referencing cards in general. I think Wagner is an anomaly and very well may continue to climb
And I would certainly unload the 8 if I owned it

I feel the 1.3 is a bit of a disappointment. 20% below what I was guessing... but what do I know..

The Brown Old Mill went from $4,000 to $24,000 on the last day. :eek: