1952 Bowman Mantle...this current bidding can't be real, can it?

[thatkidfromjerrymaguire]

So, a PSA 7 sold in December for $8,378 and a PSA 8 sold in January for for $18,500.

This SGC 7 is at $38,100 with five days to go.

No way. I get that MAYBE the Bowman has been a little undervalued compared to the Topps, and yes that is nice looking "7", but that much gain in a month or two?

No way.

(I know it's typically bad form to discuss current auctions before they close, but I wanted to see if anyone else found this a little out of line...even with the current state of things.)

https://www.ebay.com/itm/1952-Bowman...IAAOSwZylgHI8t

[GasHouseGang]

It's a beautiful card, but the prices for everything nice are jumping so fast it's hard to keep up. Looking at past auction results from just a few months ago doesn't even seem to be relevant anymore. Prices are crazy right now.

[bobsbbcards]

I suppose someone thinks they can get a bump......to an 11.

[dio]

I'm starting to think the high grade ones will be rich's mans toy, it will soon never reach working individual again

iconic psa 9,10 ultra rich
psa 7,8 normal rich
psa 6. enough to retire rich
from 1-5 is normal working ppl

And sooner or later those great cards will be less and less on the market, those individual will just hold it, they don't care much about the 1-200k when they have 100 million worth

[campyfan39]

This one goes to 11

Originally Posted by bobsbbcards

I suppose someone thinks they can get a bump......to an 11.

[Johnny630]

$15,900 last night

$40k plus two weeks ago

We all know which one is a real value and which one is fairytales

[rats60]

Originally Posted by Johnny630

$15,900 last night

$40k plus two weeks ago

We all know which one is a real value and which one is fairytales

The one last night was a 5 in a 7 holder. An actual 7 would sell much higher. I would never buy a 7 with 3 damaged corners.

[thatkidfromjerrymaguire]

Originally Posted by GasHouseGang

It's a beautiful card, but the prices for everything nice are jumping so fast it's hard to keep up. Looking at past auction results from just a few months ago doesn't even seem to be relevant anymore. Prices are crazy right now.

I suppose. I guess I just can't quite come to terms with the fact that MAYBE the market really is that hot right now.

It's possible that there are just a LOT of new collectors with a LOT of money looking to build collections and invest.

But it's also possible there are a smaller number of people manipulating the market.

I mean, if you really wanted that card and were willing to pay almost $40,000, wouldn't you at least try to snipe it in the last minute instead of run the price up days before? This feels too much like a blatant, public attempt to run the price up of that card.

Also, to be clear, I'm not trying to implicate PWCC of any wrongdoing here. It could be legit bidding, or it could be manipulated by any number of others from the consigner, to a couple random guys that are sitting on a stack of 1952 Bowman Mantles trying to run the price up and then benefit over the coming months by slowly selling off their Mantles.

[dio]

And this one 51 bowman mickey mantle psa 3 sold for 74k, although got the pwcc exceptional sticker, but he's like paying for a 6 or 7 for a 3, that doesn't make sense


https://www.slabwatch.com/itm/1951-B...E/224243133520

[scmavl]

Originally Posted by dio

And this one 51 bowman mickey mantle psa 3 sold for 74k, although got the pwcc exceptional sticker, but he's like paying for a 6 or 7 for a 3, that doesn't make sense


https://www.slabwatch.com/itm/1951-B...E/224243133520

Is that the same PSA 3 that a guy offered here last month for $25k or $29k? Great card with a speck of paper loss, if it's the same one.

[Johnny630]

Many Auction's like this are not for collectors they're for Investors/Traders.....

When I statements like....critical investment piece...key blue chip item

[bobsbbcards]

Originally Posted by thatkidfromjerrymaguire

...to a couple random guys that are sitting on a stack of 1952 Bowman Mantles trying to run the price up and then benefit over the coming months by slowly selling off their Mantles.

My guess.

[Jackieandsatchel]

Nothing really makes sense in this market right now. Things are 3, 4, 5xing over the last sale for no rhyme or reason and the numbers that PWCC and Probstein (whether legit or not) are getting are truly insane.

As a collector, its becoming increasingly difficult to find stuff to buy without paying multiples of what a card was worth for years and years, including the last few sales.

[thatkidfromjerrymaguire]

Looks like there is a PWCC PSA 5.5 and a Probstein PSA 6 both closing tomorrow night.

Those are sitting at $4200 and $4300 respectively...which seems in line, if not a little below expectations. Will be interesting to see if those jump significantly by close, or if that SGC 7 remains at 10x the price of the PSA 6.

Who knows, maybe a "7" grade is the new break point for a big price jump.

[ricktopps]

You know the apocalypse is upon us when we find ourselves looking through Dean's cards truly thinking we can find bargains as he can't keep up with the rising prices.

[packs]

Whoops, wrong thread.

[Exhibitman]

How did I know before I even clicked the link that it was PWCC? They get such amazing high prices, so far over what anyone else seems to get. How do they do it???

[thatkidfromjerrymaguire]

Well, a couple more 1952 Bowmans closed last night...a PSA 5.5 and a PSA 6...both around $7300 (strong prices, but in line with the recent pricing across the board). So unless that SGC 7 is REALLY worth 6x a PSA 6, then that bidding remains a suspicious outlier (it's over 40K).

And it appears that others are taking note, as more 1952 Bowman Mantles are being listed with "ridiculous" asking prices.

However, there is a new PSA 7 listed at $18,500 BIN. That one should be FLYING off the shelf any minute now if $40K is the new 7 value.

[todeen]

This seems like a good time to start a poll that will draw the ire of many collectors on this site.

Sent from my SAMSUNG-SM-G930A using Tapatalk

[Johnny630]

That $40,000 sale a couple of weeks ago was not real, throw that one out the window.

This card is nice but it has some surface issue and worse corners then the one a couple weeks ago.


$15,9000 last night 40,000 two weeks ago, the real value is $10-12k PEROID WAKE UP PEOPLE WHAT WE HAVE BEEN SEEING WITH SOME SALES HAS BEEN FAIRYTALE