1948 Bowman box goes crazy in Mile High
 

It breaks down to $27k per pack. I don't get it. I bet the consignor is excited.

Amazing how a bidding war and extreme scarcity can drive prices up. All it takes is 2 people who have to have something and then a battle to see who gives first. If the buyer tries to sell again and there are not 2 who have to have it, could sell for significantly less. Certainly have seen that before!
Apparently people still have plenty of money for cards!

This is the type of sale that you cant judge the state of the card market on because its a unique 'art' type of item and rare.

I have seen these types of sales look extreme in price then a few years later they look like a steal. Green Ty Cobbs and rookie lou gehrigs come to mind in the past few years.

It was an amazing find for sure. Should we assume that all these cards are going right to PSA? In other words, the packs will not remain unopened.

It would be insane to open the packs, especially since a non-trivial percentage of the cards will be ruined by the gum. (To say nothing of the fact that they're rarer in unopened packs then they would be as individual cards.)

500k+. Wait what? There are few things that I would pay 500k for and I can say unequivocally that a box of black and white baseball cards isn't one of those things.

Doesnt seem to add up
 

ummm

The winning bidder probably makes that in a week.

Disposable income? Safe bet winner doesn't bus tables at a Denny's. :rolleyes:

I was watching the 59 Fleer Ted Williams sealed packs just to see how much they went for. 24 packs sold for $20,522.57 with the juice.

What are you saying about my employment?

Regardless of the winners wealth 500k+ is nuts in my opinion. These are items that were printed less than 70 years ago. Seems crazy but what do I know.

But now that that one of the two bidder got his box, the next will sell for $10 :)

Do we know it was between 2 bidder? Some auctions houses do reveal certian info on bidders to tell them apart.

However its sort of funny when you want to buy something, you like to quote what a past auction sale was for the item when trying to buy it. However, on this one with the way the thread is going, it appears what the item sold for doesnt matter. Of course its not all or nothing...there are relative degrees in between when thinking about pricing history...but to say the item would go for 1/2 for what it did really does not have much real info behind that. The item could also go for 2x. Who knows...but the past sales history does matter especially on such a rarity...we arent talking about 1955 clemente rcs here

Amen Bob! A box of cardboard is not on my list either!
But a T206 Magie was... for a ton less than that.

Any chance that the buyer is a dealer who will sell the packs individually? If there are no other packs, collectors will be looking to buy 1 pack for their collection, not an almost full box. The buyer can set his price.

Probably true. A true collector who needs a pack knows this may be the only chance to get one. Really makes you wonder if there are more of these sitting around somewhere. A candy store that closed, a gas station, etc. I think there is a lot more stuff out there to find. Maybe not this exact brand and Year, but next several years could be very interesting for finds in this time period.