So, in other words, it follows the same kind of progression that every single other Net54 thread does. :D:eek::D

ML
 

HUGE blunder by memory lane.

So it ended

How did everyone do?
What are the thoughts on the results? The prices? Etc

I think the auction was a reflection of the changing market. The great cards did really well -- the Sport Kings signed Ruth was a beauty and took off at the end. Many of the lesser, but still really nice Ruths, didn't do as well. The W600 Matty finished out of this world. The 1954 Topps Aaron PSA 7 broke out of a tight range by a mile. The E107 set did really well I thought as did the 1915 SGC 7 Joe Jackson. I thought the 1933 Goudey Lajoie PSA 3MK did really well but that was a great card for the grade.

Even the Henry Reccius Wagner finished at an insane number although it appears it didn't sell due to a reserve. The card was at like 900K and still didn't sell which is laughable as 20 years ago the card was in an A holder and no one knew if the card was actually printed in the early 1900s. But getting it into a numbered holder and changing the date on the flip to the late 1890s apparently added 850K of value to the card.

All in all, some prices were great and set ridiculous records and many were a little soft (like the signed Ruth/Ruth wife check -- how did that go so cheap?). But the market is not as robust as it was unless you're buying the most desired cards.

To me, the auction was the most exciting one I've been involved in for a long while. The Goldin software usually drives me crazy when I'm perusing the site, but last night it was all really smooth and the auction went off without a hitch. I don't know how they're going to follow up this one with a similarly spectacular auction next quarter. It was the most serious vintage auction in a long time and really a new look from Goldin. Kudos to Joe T and Ken.

I agree with Jeff! Ryan's E107's did great --congratulations Ryan. The Ruth rookie was weak. I believe the exact same card sold in Goldin in October of 2023 and over the year period the price dropped almost exactly 20%. I also think that the reserve on the Reccius Wagner was too high. I remember, about 15-20 years ago, when a board member owned one and many of us were convinced that it was issued as some sort of commemorative card sometime between 1900 and 1910. I have yet to see any evidence that convinces me otherwise.

Just the flip. :). Even Joe T couldn’t push that dog over the finish line and that says a lot. The consigner should have taken that result and run, thankful that the people bidding on it didn’t know its history.

That Recchius was a little ridiculous, no? Seemed very contrived that that one-off “card” , whose date is unproven, can be considered a rookie card by “Joe T”. It’s not part of a set or anything. At best it’s like a photo or a cabinet. Cannot believe it had a higher reserve than that price. I dont know if it gets close to that price again.

The auction was good, i picked up two items, another DS Greenburg error card, nice looking and reasonable price, and the Speaker 1912 Boston American series. I have started to add some Speaker items to my collection, a favorite of mine.

There’s enough people with money in the hobby who don’t know what they’re doing. And even they knew enough not to hit that reserve on the Reccius.

Great auction, but prices are softening on certain cards/ players.

I wished the E107 set was sold off as individual cards, but oh well.

I really liked the Ruth type 1 rookie photo and the Ruth/Gehrig signed goudeys.

I agree 100%. I consigned my e107 set to buy the Reccius, but, after
reading all the net54 discussions from years ago, and after some deep research on my own, including buying Louisville directories from 1898 and 99 and then spending a few hours on the phone with a guy from the Louisville archives, I became doubtful of the issuance date and decided it was not the item to take such a financial risk on. I put in an initial bid (at like $300k) anc did not bid again. It’s an amazing piece, no doubt, but it’s got some “hair” and I too would have taken the money and walked.

I am totally thrilled with the number my e107 set got, which exceeded expectations.

Of the items I was watching/following, they did well or ended within 10% of what I thought - D322 Wagner, Ty Cobb back, the 1915 Ruth photo (amazing item), signed Clemente rookie, etc. The t216 Mino Wagner and W600 blew away my estimates - holy crap on both; looks like I may have to consign my w600 Wagner and Plank rookies!

Some of the smaller items I was following came in a little below expectations. But I am not surprised - the market is off right now with lots of economic uncertainty and negative momentum in cards (most things down over the last year). I think pricing cards right now is a little like trying to catch a falling knife, and people don’t like catching those!! I would say this has been happening in all auctions I follow, including REA, Heritage, Mile High, LOTG, etc. As Jeff said, the super special stuff does well and everything else does fine but is all over the place with some exceeding and some disappointing.

All in all, I thought it was a really great auction with very solid results. Great start for Goldin- no doubt they have established themselves as a legit seller of vintage items.

We spent a lot of time discussing how to best sell a set like this. Ultimately, I decided it was best --for me, as consignor (bc frankly that's all I cared about here-- to sell as a complete set. I think it was the right decision.

Goldin results
 

The special items that if you don't grab it you may never see it again, or at lease not for some time does great! And the stuff you see over and over again does ok.

I had quite a few cards on my watch list last night. Some of them ended above comps and others below. I was thinking of going after one of the lower grade 51B Mantles, but they went too high, IMO. :( The PSA 6 Leaf Jackie went for only 22k. :eek: Anyways, I won a Ruth for a decent price and so I'm happy about that!

The PSA 6 Leaf Jackie that went for only $22k was some sort of anomaly. I've been tracking them, and just days earlier a PSA 5 sold for $25k in a Collect Auction. This example somehow slid under the radar; congrats to the winner!

Ryan, really thrilled for you! Congrats man!

PS- A market observation: signed cards, especially Mantle, Mays, Aaron, Clemente, etc., continue to be red hot. The Mays signed rookie went for $50K! And a diverse mix of (very nice) signed Mantle cards sold last night for around $6-10k each, with several north of $20k. Definitely a robust pricing uptick in that sector.

Regarding the PSA 6 Jackie, two things that may have held it back a bit are the L/R centering and the older cert and case (although to my eye it looked had pretty strong corners, at least, for a PSA 6 even with the older cert).

Leaf Jackie
 

PSA 6 was very O/C; hence, the lower end comp. Centering & registration drive the pricing points of the Leaf Jackie.

Thr newest Buyers group missed one

Not sure they had the dating/history right on that Reccius Wagner.

https://www.net54baseball.com/showthread.php?t=196820

I bought the 1st Henry Reccius Wagner card after it was discovered/marketed/sold by Hunt Auctions in the late 1990s. I paid $14k+ and thought it went kind of “cheap”. When I talked with David Hunt shortly after the auction he said a lot of phone lines were down (was a “live” auction) and a lot of potential bidders were lost for this reason (online auctions weren’t around yet).
A month or 2 after I had the card David Hunt reached out to me saying another one was “discovered” and did I want to buy it privately. It was being offered to me since I owned the 1st one. I was concerned, to say the least, and I did not buy the 2nd one. He had sent me crude scans, via fax, and I passed on it. Some time later I talked with David Hunt regarding the 2nd one and whatever happened with it and he told me it was deemed a hoax as the “crude scans” were actually taken from catalog pics of the 1 I had.
I ended up selling the card through a Mastro auction a couple of years later and made good money on it…
To this day, some 25 years later, I am still puzzled by that card. Something just wasn’t right about it. It was (is) of a completely different paper fiber than other cards/mounts/cabinets from the late 1800s/early 1900s. It was (is) of an orangish/brownish color paper which is also odd.
The Reccius Wagner I owned was the one that now resides in the baseball Hall of Fame. It’s also interesting to note that I had talked to people at the HOF while I owned it and at that time they wanted nothing to do with it.

Wow!! That's very interesting. Thanks for sharing.

So if I'm understanding you correctly, your card is in the baseball HOF. The one that Goldin had up, is a second example?

You’re correct, although it is no longer my card. I just rented it for a few years

I'm just wondering what data or research did PSA use to conclude the date on the flip was indeed 1897-1899??

They probably asked whomever was submitting it what date they would like on it!
.

I believe it was Hal Lewis who donated it to the HOF.