HA.

Typically an AH is not operated on an eleemosynary basis. My assumption is that they would get at least 5% of the $6M hammer. Said another way, the AH might only keep 5% of the 20% BP. But I guess you never know on a piece like this precisely what the parties negotiated.

Why say charitable when you can say eleemosynary? :)

REA received more publicity than it’s ever gotten in its entire existence with this Ruth card - and Brian was fantastic with it. REA made huge strides in reaching areas of the marketplace that no other AH besides Christie’s and Sotheby’s ever have seen. I’m pretty sure the fee on this card was 0.

Awesome. If so, then that's a great deal to the consignor.

As a reminder, this card was graded as a '3', while most of us, including myself, thought this looked like a '1' or '1-1/2'. I think a true Vg card would have attracted even more high rollers and go for quite a few more McMillions.

Brian

Agreed, the card was overgraded. However, it might still be the second best example extant. I cannot speak to that as I am not familiar with the other nine known except that one was graded a 4 and a few were either 1's or 1.5's.

^ THIS. As I studied the photo of the Ruth with the other Baltimore News cards from the same collection of the family, the red of the Ruth looked decidedly tired. I shan't jump on the grenade about why this is so, but I would think the bidders / potential bidders weren't blind to the card's appearance in contrast to its brothers, either

I was among the individuals who voted the BN Ruth would not sell for as much as the SGC 9.5 Gem Mint '52 Topps Mickey Mantle. No big deal there, but just a reminder the Mantle is a gem, whereas the recent REA BN Ruth looked the worse for wear, AND over-graded. It is a great card, and sold for well over 15 times the previous example sold. Further, that sale was the prime condition Baltimore News Ruth. Just as Mr. Mint Alan Rosen pounded the table in one of his 2 books-----in home buying, the key is "LOCATION, LOCATION, LOCATION". In card collecting, Alan stressed, the key is "CONDITION, CONDITION, CONDITION".

Yes, the Baltimore News Babe Ruth is rare, regally rare, all day and all night. Nevertheless, a lesser condition example may not get the bucks Ruth fans think. It didn't.

That BN Ruth is by all means a great card---just as it is. It's obviously just not a $12.7 million card. Don't let it ruin your day, or year. Besides, just around the corner might come a better Baltimore News Babe, and the sparks will fly. I hope.;) --- Brian Powell (I was not an underbidder.)

BN Ruth
 

Spot on Ryan! Also, consider that the BN Ruth (in the exact same grade) outperformed the SGC 3 T206 Wagner also sold by REA a few years ago by $0.6 million. The Wagner & 1952 Topps Mantle are the undisputed cornerstone cards in the hobby. Thus, this $7.2 million sale should be viewed as a major hobby success. We all got caught up in the “hype” of a potential eight-figure+ sale (including myself), ultimately tainting a solid $7.2 million pricing point. Crazy.

164 die hard people in the hobby of soley vintage aportscards were wrong, by a lot. About half before the BP.

Me shudders to think what will happen to all these bargain prices and value blue chip chasers.



Keep collecting what you like

T3d----My cardboard conundrum continues to be the cards I really like keep going up, and up, and up. By all means, not rookie cards; I've never gravitated to that niche, strong as it is. However, the industry continues to produce post-career cards and current Aaron Judge cards I find very attractive. Somehow, my card money continues to be spent. But I love them!!!!!:D ---Brian Powell

OK thanks for explaining. i'll check to see if there are any sources for guys saying otherwise. I don't necessarily trust PSA itself to be truthful, place more stock in your views informed by your expertise.

So do you think graders just have no clue how to grade vintage? Lots of stories, from reliable sources, about long time dealers getting absolutely screwed on subs and getting on average 2-3 grades lower than they expected even allowing for some tighter grading.

As far as the grade is concerned, TPG's do grade "on the curve," don't they, with fragile issues like T205s not held to the same standard as T206s and the like? If so, that might explain the grade, which otherwise seems incredibly generous.

:p

I saw a quick story about the Ruth card on my local news outlet, so yes, lots of free advertising for REA. The story was post auction and indicated the Ruth card sold for the 3rd highest price for a baseball card behind the 52T Mantle (at $12M+) and the T206 Wags at $7.25M.

Exactly!! I feel this is what most people are missing bc of the hype, which created very unrealistic expectations. This is the 3rd best price ever, and it’s not a t206 Wagner nor a 1952 Topps mantle - the two most iconic cards of all time that have common-man appeal well beyond your typical collector. This is a great result and REA should be shouting this fact from the rooftop, not to mention they have now sold two of the top 3 most expensive cards/sales ever

No.

It seems to me that the curve, if there is one, is based not on which set the card is from but on who the submitter is.

Animal Farm all the way.