Quote:
Originally Posted by benjulmag
I originally expected the BN Ruth to sell north of $10M… $7.2M is a hell of a lot of money and was paid in recognition of the extreme rarity/significance of the card..
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The BN Ruth, which sold for $7.2mm, was purchased two years prior for $5mm (it was all over the news), fractional shares were offered on Collectible at a $6mm valuation, and for a year the card was available on Collectible for outright purchase for $8mm - nobody bought it. I don’t know why/how people thought it would go for $10mm+, let alone $8mm+. That said, I agree Corey that $7.2mm is a ton of money, and further, an amazing price under those circumstances, representing a $2.2mm increase (almost 50%) in only two years. Phenomenal result.