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Marc S.it is only important if it is a true "auction" format -- e.g. started modestly and then the market decides on the price. By starting Pop 1's at $10k -- it is only a ploy to try and entice two or three high-grade T-206 buyers to make an above-market investment in a common from a very popular set. It will not be an auction in that three whales will each be bidding each other up over the $10k entrance fee. The card either doesn't sell (85% chance), or it sells for the minimum bid (15% change). That, in my mind, is not an auction or a reflection of true market value. It is simply a negotiated sale that takes place in an otherwise open forum.
Most of here residing in the armpit of the hobby...
A Ty Cobb Bat Off PSA 7 will set you back approximately $6,200
A Ty Cobb Red Portrait PSA 6 will set you back approximately $3,700
If I polled 100 Net 54 posters and readers -- I can only imagine that less than 5 would seriously even consider taking a Pop 1 PSA 8 T-206 over the PSA 7 and PSA 6 Cobbs from the same set referenced above. And of those five -- I'm guessing that at least three of them would try and exploit Set Registry players to monetize their investment as soon sa they got it.
That's all I got from my armchair.
Cheers,
Marc