Any Reaction to Legendary Auction Prices

[insidethewrapper]

I thought the lot of 7000 Bob Gibson Autos for $ 21000 was a steal of a deal ( $ 3 ea). I would think they would sell easily for $ 19.95 for a profit of about $ 120,000. Are their 7000 Gibson or HOF collectors ?

[drc]

I agree $3 for a check is a steal, but, from a practical matter, reselling them one by one (or two by two) would be a task. If you listed one per day on eBay, it would take about twenty years. What you're seeing is the bulk rate. You're not going to receive the going rate per single check rate with 7,000.

I do agree a single check or a check nicely matted with a photo would fetch a lot more than $3.

I remember when I had a lot of twenty identical cards for sale and a collector said, "But I only want one." This type of single-item buyer may pay the going retail price. However, even the collector who will buy three expects a bulk discount.

[T206Collector]

Make $200 on each lot x 70 = $14,000 profit.

[ibuysportsephemera]

They will saturate the market and will take forever to sell. JMO.

[David W]

Originally Posted by ibuysportsephemera

They will saturate the market and will take forever to sell. JMO.

Yes. I'm pretty sure anyone who wants Bob Gibson's autograph has one.

[drc]

I once won in a Mike Gutierrez auction a lot of 3000 checks consisting of six players-- minor, but circa 1950s-60s players. I sold them as singles, small and large groups, including with other types of autos ("100 autographs with index cards, cuts, photos and bank checks!"). Luckily for me, there were different players so I could do some mixing and matching ('Signed Baseball Bank checks-- six different players'). 3000 Milt Pappas checks might have been as easy to handle. How much of a deal was 3000 checks is dependent on how much you paid. I would imagine I paid less than $1 per check, so it worked out fine for me.

One thing about bank checks is they sell. There is a healthy market for them.

The best bulk lots have a variety of different items. Not only are they more fun to handle, but each item you list on eBay or wherever is a different item. I bought a monster lot of baseball news photos from MastroNet. Yes, they were all baseball photos, but they were all different photos.

[kenjrrice]

I placed the $20,000 bid actually more to just bid on it. It said "you are the high bidder but your bid did not meet the reserve" and upped the bid to $21,000. The auction ended at that price, reserve not met.

[Jacklitsch]

The man is still alive, isn't he?

[chiprop]

m110's sold cheap last night. any buyers from net 54?

[chiprop]

oops