The card went for 2.6 million over the target price about 10 million.
I understand the various feelings (good, bad, ugly) regarding the final price. Change happens and our hobby is no longer the way it used to be. Investment is now a motive perhaps more than anything else.
Lets assume the card went for 2.6 million under the 10 million estimate = 7.4 million final total. Interesting to contemplate the reactions if that had happened.
Rare art is really just some paint on a canvas. Do we knock the current market and what someone is willing to pay? A Ferrari is just a car with fancier sheet metal and motor. Do we knock what one is willing to pay? A baseball card is just cardboard with a players picture, should we knock what one is willing to pay? A rich person paying mega bucks for a 15 bedroom mansion ... you get the point.
On the one hand it sucks for us regular folks who can no longer afford what we used to buy. But on the other hand, the stuff we do have is now worth way more. Aw, jeez. It is what it is. Overall, I lean toward this Mantle sale as generally good for the hobby.
Steve Parmentier
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