[hcv123]

I think there are 2 factors to consider in the question.

A) Current market value. As has been previously stated the possibility that a potential buyer of the card did not see it is so miniscule that I think (in this case) it is fair to say all willing buyers were able to place bids and the market (those buyers) set the current fair market value. Regarding the list of comments on other threads:

1. The grading company - This is an interesting one. As PSA has no 9.5 grade it would be difficult to compare apples to apples. I do believe a PSA 10 would sell for more. In general for post war cards PSA cards at comparable grades command stronger prices. I do not think a PSA 9 would have gotten close to 12.6M.

2. The “toning” of the card - a non factor - The card is drop dead incredible!

3. The auction house - a non factor - while there are other houses that it might have done as well at, I do not believe given (as previously stated) the amount of press and visibility this particular card had that the result would have been higher in any other auction house.

4. Current inflation and stock market trends - I suspect that in most cases a person who can afford to invest 12.6 million in a baseball card, is both wealthy and diversified enough that both inflation and the stock market were not a factor.

5. Abundance of high end cards being recently auctioned off - Again a non factor - this is a card on a whole other level. Certainly the most Iconic post war card.


B) The other factor that I haven't seen mentioned yet is the relative value of baseball cards compared to other collectible categories. In that regard, I think the baseball card hobby is just getting warmed up. I see demand continuing to grow, especially so for the higher-end cards most of which are in ridiculously low supply relative to the demand. When I think about art or sculpture for example, 12.6 Million for one of the top 4 examples of one of the most iconic and high demand cards in the hobby just doesn't seem like that much money.

In conclusion - I think the buyers fairly set the current market on the card and I think the hobby has a lot further to grow! As an aside, pre auction I also thought the card had a really good chance of going north of 15M.