Posted By:
Rick McQuillanI wonder why this was listed under "singles"? I look in the "pre 1950's lots" listings almost every day, so I didn't see this listed under "singles". (Not that I would have been able to pony up $35k anyway) I would like to find out what the reserve was. My feeling is that the final price was low.
If you look at -lets say - $1200-$1500 each for the Cobbs and Youngs, a few hundred each for the Mathewsons and other big names, $2000-$3000 each for the Elberfeld and Demmitt, that roughly puts the total at $14-$18000. Some of the commons have hard to find backs, but there are no rare backs, like Uzit or Broad Leaf, so that basically leaves us with about 500 commons, mostly in the VG and VG/EX range. Lets say that 1/2 are VG @ 30 each (which is low for a graded VG, which comes to $7500, and 1/2 are VG/EX @50 each for $12500, that puts us up to $34-$38000. I would rather have this lot raw, but you have to figure that the seller spent at least $5k to grade this lot.
This is a quick, down and dirty estimate just to get a discussion going. If I were seriously going after each lot I would analyze and price each card before making a run at the lot. I am interested in hearing other opinions.
Rick