Uncle Jimmy / Wheatland
 

The auction looks to be going INSANE.
Some cards at 3x their typical comps.

1933 #181 Ruth PSA 1 typically selling around $2500, never hit over $3000 yet in the current Wheatland the bid is around $6000 with BP.
It's not just this card. 80% of the cards are 50%-200% over typical comps.

Did someone see the news article on the news one day and decide to go in and bid as if they don't have a clue that eBay and other avenues exist?

I'm just looking for discussion on what others think is going on with the bids with about 2 weeks left to bid too. I just can't see knowledgeable hobbyists or buyers paying these amounts. Im perplexed.

I saw this as well and it had been like that since shortly after the bid open.

I can only assume your theory is correct, no other explanation makes sense.

The lot #1 t206 Red Cobb PSA2 Polar bear with a dent in the front and 2 markings on the back is at 5k.

It does have great centering but still crazy price.

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I think this pretty much is the reason, it's getting lots of eyes from people who wouldn't normally get into card collecting who don't know what fair pricing is. For example, both my parents who know nothing about collecting have sent me 2 or 3 articles each about the collection because they saw it on the news or in the paper. So you get a few people like that who want in and boom. That plus the hype around the collection has got to be driving the prices crazy high.

I'm surprised to think people with no knowledge/background in the hobby start out with a high-priced view of what cards go for. I would expect them to be amazed at the prices paid.

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Chuck has been masterful at getting press coverage for this auction. I imagine he's reaping the rewards. Also want to say that some of the grades seem brutal, and I don't even say that about my OWN auction items very often.

Some - some others seem ridiculous
 

I haven't taken a good look at the prewar, but certainly trust Scotts opinion - I have seen a couple of Bazooka panels cut WAY inside the black lines with number grades - I can only speculate in an effort to "catch up", PSA is moving WAY too quickly to "accurately" grade - resulting in mistakes apparently in both directions.

Yeah I know about the Bazookas, and especially for collectors like you that sucks. It's the Goudeys that caught my eye as being especially nice for their grades. Not all of course, but a much higher percentage than I would normally expect.

Coverage or not, I dont see anyone with a bit of knowledge paying $6k for a 33 Ruth PSA 1, or $5k for a T206 Red Cobb PB PSA 2. Heck, I saw a Catfish Hunter PSA 8 RC, normally about a $200 card around $600... Catfish Hunter.
What the coverage does is get people who havent a clue about the hobby into it. He is doing a great job at that and like you said, he's reaping the benefits (and even more so the family).

I definitely wasnt knocking the auction house, Im just wondering WHO is bidding this amount. And if it's someone new, do they realize this isnt eBay where you just can't push a button and cancel your bids/winnings.

The PSA 8 Jackie Robinson is dog shit. I wonder how much crack the PSA grader smoked before that card was graded... and, he must have crackhead friends because (allegedly) doesn’t at least two sets of eyes look at each card?

This is not a knock in any way on Wheatland. In fact, I think it’s a very nice auction and the prices are super (I agree crazy) strong.

Heart strings aren't hurting these prices. Every media source out there is an ADD fueled dread fest and here was a feel good story that got national coverage. People want a slice of that pie. The relics of a good Human being with a back story. Great job promoting this auction with a human aspect.

I saw that card as well. But yea, it's going around $15k+ right now...

This news just in.....
 

In an effort to clear their inconceivable backlog and to prevent their entire board of directors from being voted out of their seats (see separate thread) PSA graders have been rolling 2 5 sided dice to determine grades in a much more expeditious manner.

Kudos to Wheatland for their PR coup and gotta feel good for a guy (Uncle Jimmy) who clearly put so much into his collection that his family gets to reap the rewards.

just a feel good story
 

My thought is people just want to keep Uncle Jimmy's Legacy going, to leave this for his family without ever thinking about selling any of it for himself just tells you about person who enjoyed a simple life, this is a an awesome story.
john

That might be worth a 5% bump. This is not that. Wonder if they'd like to have that Mantle dog food card back to sell in this market?

Does anyone know the start date for the signed cards?

https://www.wheatlandauctionservices...-LOT15282.aspx

One is already up.

Ugh. Are they really gonna parse them out?

seems prudent to not flood the market and instead sell them slowly

I think they're breaking them up over this auction and the next 2. Was able to get two nice signed photo's from the last one. Think I might sit this one out though.

Uncle Jimmy
 

Whew. 700+ items. NO Categories. This is draining......seems counterproductive unless they think making everyone look at every item maximizes returns.

Right, nobody knows there is a WHOLE SLEW OF SIGNED RUTH CARDS staring them in the face coming to market


Prudent would have been to NOT show them all together.


I guess people blowing 100k on a ruth card will need a few months to gather the funds to bid on the next one.

Well, people have already been falling all over themselves to bid in this auction, so that's not really an issue. Plus when you get something extraordinary like this and slow bleed it, it gets less and less believable each time. Same reason Black Swamp Find was announced in one fell swoop. If they rolled out 10%, then said we have another 10%, then another, there would even be a bigger issue where people asked if they were counterfeiting them.

At leas this was, the market consensus is confirmed that the entire collection is very likely to be authentic, and therefore the bulls are running in Pamplona, er Wheatland Auctions.

The market is increasing for Jackie’s rookies and likely would be higher if it were a better looking 8. His leafs are ripping its only a matter of time before the bowman moves up with it.


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Collection is owned by multiple
Family members with each owning different items. This may be part of the reason for the splitting up of some items. I believe Chuck has announced the next auction would contain the majority if not all of the remaining autographed cards.

Sorry I haven't been on sooner to reply - we've been very busy working on the next auction (and it will be insane). There is a massive amount of signed cards in the auction that goes live on July 26th! So very soon you will be able to see everything. The auction that goes live on July 26th is focused on autographed cards, specifically 1933 signed Goudeys including 2 Babe Ruths & a Lou Gehrig (171 different cards from this set and many are Pop 1), 1934 Goudeys including Lou Gehrig (34 cards from this set and many are Pop 1), and a total of 59 signed Play Balls from 1939-1941, as well as many other examples of signed autographed vintage cards. There are also single signed baseballs from Walter Johnson, Honus Wagner, Frank Frisch, Ty Cobb, Pie Traynor & Thurman Munson. Also, some iconic Type 1 photos of Ruth, Gehrig, and Mantle!

There was a comment about the Jackie Robinson 1949 Bowman card. Let me just say that they card's color, corners, and edges are amazing! The centering may be a little off but it seemed and felt like it was printed yesterday as it did not seem to ever be exposed to light or air as it was tucked away. I had no idea that the color of the 1949 Bowmans were supposed to be so bold and how clean the card stock is supposed to be! Also, some of the unsigned Goudeys in the current auction just pop in color and have great surface, corners, and edges - so some people are likely bidding on them based on their own assessment of grade as there are some that may seem a little under-graded.