The curious case of a 1952 topps Eddie Mathews, the sky is falling

[Republicaninmass]

Manipulators taking a beating, or correction cometh?


"They just keep going up" I dont see as a reason sell a few short months later


Sold last night in Lelands for 3300

http//auction.lelands.com/bids/bidplace?itemid=108629

Sold Clean Sweep: 6/9/2021 $5,148.00

http://www.cleansweepauctions.com/it...tem=0000713367

[Smarti5051]

Allow me to be an escape route for a poor soul holding a PSA 2-3 version of this card, as I need it for my registry set. Don't be stuck holding the Mathews card when it hits a bottom! LOL In all seriousness, if anyone is unloading one, I wouldn't mind adding one.

[Republicaninmass]

I was watching it for a reason! I still need to add, but no reason why this particular card is worth more than 2k.


It was undervalued, but after collecting 1952 topps for 30 years, I just dont see the surge

[BobC]

Originally Posted by Republicaninmass

I was watching it for a reason! I still need to add, but no reason why this particular card is worth more than 2k.


It was undervalued, but after collecting 1952 topps for 30 years, I just dont see the surge

Is it possible it didn't get as much juice as in the Clean Sweep auction because Leland's also had a PSA8(OC) in the same auction, and bidders were focusing on that?

As for the PSA3 not being worth more than $2K, times have changed my friend. Also, it's the '52 Topps set, a high number, a HOF rookie, it's on the opposite end of the Pafko #1 card on the stack and getting the brunt of the rubber bands, it's desired by those in need of it for the Registry, and to top it all off, you wouldn't have to pay the ridiculously jacked up grading fee and wait lord knows how many months to get it back from being slabbed since it is already graded. Aside from that, who knows!

[Republicaninmass]

I hear ya Bob! All my opinion. So if I put in my 2 cents, I might get change back!

There are only more 1952s coming to market with people passing away and cards being found in collections. Are thee really that many (more) people who care? I sure hope so, at least until I retire!

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[BobC]

Originally Posted by Republicaninmass

I hear ya Bob! All my opinion. So if I put in my 2 cents, I might get change back!

There are only more 1952s coming to market with people passing away and cards being found in collections. Are thee really that many (more) people who care? I sure hope so, at least until I retire!

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LOL

Ted, I have no idea why some people are now spending what they do on various cards. There are many sets I'll likely never finish now because I can't afford to pay what the big name player cards in those sets are going for these days. It used to be bad enough overpaying for the uber-rare cards in these sets, when you could find them. But now.........GEEZ!

One thing it sounds like you and I may both be suffering from is the inability to fully accept some of these crazy price increases. When you've been collecting for 10-20 years, or more, and you remember very well what things used to cost, it is often hard to wrap your head around how quicky and how many prices have shot up. And even harder to actually be willing to pay what may end up being the new norm in pricing. Don't know about you, but the older I get, the less I like any changes, and crazy, changing card prices is awfully high on that list.

[Smarti5051]

I think alot of factors are at play, all of which seem to be aiding the recent run up of vintage prices:

(1) The Covid boom in the card market obviously had a quick and crazy impact on all card prices (except 80s Topps products). Packs became difficult to find and prices on newer issues fluctuated wildly based on a player's performance day to day. Any current player was bought and sold like a tech stock, while vintage cards were viewed as the blue chips (they would rise with the market, but are less susceptible to downturns). As collectors started getting burned by players off-field indiscretions or on-field poor performance, the thirst for their cardboard investments turned to safer cards - old HOFers in major sports from iconic products seem about as "safe" as you can get in the card world.

(2) Right or wrong, the "investment" phase of sportscards has never been so strong. It is now acceptable to treat vintage sportscards as a reasonable part of an investment portfolio. I have even used this argument to convince the wife to let me buy and hold several cards on my bucket list (I even have the green light to get a PSA CJ Shoeless Joe if I can ever find one). It might not appreciate as much as VTI over the long term, but it is sure a fun way to diversify.

(3) Money has been pretty easy to make the past couple years. Even ignoring the free money from the government, most businesses are booming and begging/competing for workers. Meanwhile, every homeowner earns a free mid-grade Goudey Ruth each year just by paying their mortgage.

(4) All of the hobby attention has brought a new wave of collectors. 90% of the new collectors might stick to the modern issues, but even if only 10% of hobby entrants gain an appreciation for vintage, they have been outpacing the older collectors that liquidate their collections.

(5) Inflation is a thing. I remember in the 80s, part of the reason for the card boom is that they were viewed as a good hedge against inflation. We might be seeing some of that at play now.

The one phenomenon I have noticed is the willingness of collectors/investors (myself included) to accept lower quality examples in their collections. I remember when I was collecting in the early 2000s, it would have to be a special, rare card for a sub-PSA 5 to enter the collection. PSA 1-4 were often HEAVILY discounted. I get depressed thinking about the PSA 3 Lou Gehrigs and CJ Shoeless Joe cards I didn't bid on a decade ago because the grade was too low. Now, a PSA 2 of a decent HOF rookie often have 30+ unique bidders on Ebay.

[Republicaninmass]

Well someone lost 50% in a matter of months on that Mathews. Loss even rivals ARKK INNOVATION etf

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[hcv123]

Originally Posted by Smarti5051

I think alot of factors are at play, all of which seem to be aiding the recent run up of vintage prices:

(1) The Covid boom in the card market obviously had a quick and crazy impact on all card prices (except 80s Topps products). Packs became difficult to find and prices on newer issues fluctuated wildly based on a player's performance day to day. Any current player was bought and sold like a tech stock, while vintage cards were viewed as the blue chips (they would rise with the market, but are less susceptible to downturns). As collectors started getting burned by players off-field indiscretions or on-field poor performance, the thirst for their cardboard investments turned to safer cards - old HOFers in major sports from iconic products seem about as "safe" as you can get in the card world.

(2) Right or wrong, the "investment" phase of sportscards has never been so strong. It is now acceptable to treat vintage sportscards as a reasonable part of an investment portfolio. I have even used this argument to convince the wife to let me buy and hold several cards on my bucket list (I even have the green light to get a PSA CJ Shoeless Joe if I can ever find one). It might not appreciate as much as VTI over the long term, but it is sure a fun way to diversify.

(3) Money has been pretty easy to make the past couple years. Even ignoring the free money from the government, most businesses are booming and begging/competing for workers. Meanwhile, every homeowner earns a free mid-grade Goudey Ruth each year just by paying their mortgage.

(4) All of the hobby attention has brought a new wave of collectors. 90% of the new collectors might stick to the modern issues, but even if only 10% of hobby entrants gain an appreciation for vintage, they have been outpacing the older collectors that liquidate their collections.

(5) Inflation is a thing. I remember in the 80s, part of the reason for the card boom is that they were viewed as a good hedge against inflation. We might be seeing some of that at play now.

The one phenomenon I have noticed is the willingness of collectors/investors (myself included) to accept lower quality examples in their collections. I remember when I was collecting in the early 2000s, it would have to be a special, rare card for a sub-PSA 5 to enter the collection. PSA 1-4 were often HEAVILY discounted. I get depressed thinking about the PSA 3 Lou Gehrigs and CJ Shoeless Joe cards I didn't bid on a decade ago because the grade was too low. Now, a PSA 2 of a decent HOF rookie often have 30+ unique bidders on Ebay.

The bottom line:

The demand spike on many cards is far outstripping the availability (supply) of said cards. While many tout auctions as the best way to sell cards - situations like you are highlighting don't get talked about - on the other side of "record auction prices" are the ones the majority that sell for "fair market and others (admittedly usually exceptions) that fall through the cracks.

Shameless self promotion - both of the latter situations is what allows my private consignment business model to work! NOTHING will fall through the cracks, if I don't get fair market value, the card doesn't sell and for the right quality cards, I sometimes can get a "record price"!

[ALBB]

Howard is a straight shooter !

[Republicaninmass]

I'd much rather overpay in person from a dealer I like, than some auction online. That does equate to something in my eyes

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