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cmokingTed's Sovereign 460 PSA 5 went for $410
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=230097389224
The previous PSA 5 with a Sweet Caporal back went for $391
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=150093588667
The PSA 5 with a Sweet Caporal back looks MUCH better than Ted's Sovereign 460. But what is the expected premium for the Sovereign 460 back? Ted says it is really tough to find. Let's assume the expected premium, given the same exact condition is $150. If that's the case, then Ted saved $130 from a true PSA 5 card...hey, maybe that is the price that a PSA 4 would go for. So it is very possible that Ted did not overpay, and that the underbidders were not bidding on the label...but in fact, he got a fair price for the card...a PSA 4 price for a card in a PSA 5 holder.