Posted By:
Scott ElkinsFirst of all to the anonymous poster who stated I think the Harris collection cards are going to continue to go down in price. I did not say that - JOHN said that they always seem to sell for 30% less - I just used his example in my response. I know that PSA 9 Burch with Bat is awesome, and can't see it going down 30% every time it is re-sold - it it does, I will eventually purchase it!!!!!! AND, I only said tobacco cards are plentiful compared to caramel cards of the era - they certainly are not plentiful by today's standards at all!!!!!!!
To answer PASJD's question. My guess would be SGC wants to get all the grades CORRECT - therefore, they are taking a little extra time viewing the cards with their elecron microscope.
AND last - John, in your last post, you even admit the Harris collection was broken up to realize maximum profit potential of over $1 Million - why could it not happen with this set as well??????
Also, like Greg and others, unlike John, I believe Mastro more or less "brokered" the quick deal. Also, if they bought then resold - that was very smart as well - saving time and money, plus generating more publicity for their auctions! Being in the estate tax funding business over 10 years before my injury, I know that no matter how much a company or individual is worth, they might not have a ton of "liquid" capital! Businesses especially NEED liquid capital for all those salaries and "bills" each couple of weeks or month! So, it is not that far fetched to see a big business turn a "smaller" QUICK profit for liquidity - I don't see why John does not understand this?? Maybe your assets are all liquid John, but most businesses and individuals DON'T have a ton of liquid assets - ie: cash!
One last thing - John states that "Mastro lost over 1 Million" if the other estimates of $1.5-2 Million are correct on the individual value of this set. Well, I can assure John that Mastro didn't LOSE anything on this deal. As for potential profit left on the table, the cards were not graded at the time. In fact, they still are not ALL graded. As we all KNOW - the grades on these holders (whether it is SGC, PSA or GAI) is what CREATES value! This ESTIMATE of ours is ONLY now being created! Of course, nobody would have paid anything close to $500k for that Jackson raw! Now that it resides in a GEM MINT holder - different story!