Heritage Auctions last night

[e107collector]

I was watching a few lots last night, specifically the SGC 9 CJ Joe Jackson and the Tip Top Wagner PSA 1.

They had estimates listed, but the final bids came no where near these amounts. Does Heritage generally exaggerate this values, or is the market adjusting downward?

Estimate was $800K+ for Jackson - sold $504K
Estimate was $60K+ for Wagner - sold $36K

Another one was the PSA 7.5 52 Topps Mantle. I saw a previous sale in this grade in 2022 for $708,000. This card sold last night for $418K was the final bid I believe.

Prices are all over the place.

Tony N.

[Johnny630]

Originally Posted by e107collector

I was watching a few lots last night, specifically the SGC 9 CJ Joe Jackson and the Tip Top Wagner PSA 1.

They had estimates listed, but the final bids came no where near these amounts. Does Heritage generally exaggerate this values, or is the market adjusting downward?

Estimate was $800K+ for Jackson - sold $504K
Estimate was $60K+ for Wagner - sold $36K

Another one was the PSA 7.5 52 Topps Mantle. I saw a previous sale in this grade in 2022 for $708,000. This card sold last night for $418K was the final bid I believe.

Prices are all over the place.

Tony N.

I think the market is coming back to more reasonable levels. Definitely a lot of red arrows on vcp post war stars in 7’s and lower.

I view this as a healthy positive for the market long-term.

[Kevlo17]

I think prices are coming back to reality a bit - I saw several items also that came in around half of what they were predicted to be, and seems like it's been that way for the last few auctions.

[MVSNYC]

As mentioned above, prices are all over the place...for example...

PSA 2.5 T206 Black (not Brown) Lenox Cobb Bat off sold for $102K

PSA 3 T206 Old Mill Cobb Bat On sold for $102K

Both incredibly strong prices.

[calvindog]

Originally Posted by MVSNYC

As mentioned above, prices are all over the place...for example...

PSA 2.5 T206 Black (not Brown) Lenox Cobb Bat off sold for $102K

PSA 3 T206 Old Mill Cobb Bat On sold for $102K

Both incredibly strong prices.

That Bat Off Black Lenox sold for 144K just over two years ago. And that Old Mill Bat On sold for 78K in April of 2020 so it's not a huge jump, but a PSA 6 sold for 90K three years ago.

What I wonder is why is that Black Lenox Cobb in a PSA 2.5 valued the same as an Old Mill Bat On in PSA 3? Isn't the Black Lenox much rarer?

[MVSNYC]

Originally Posted by calvindog

That Bat Off Black Lenox sold for 144K just over two years ago. And that Old Mill Bat On sold for 78K in April of 2020 so it's not a huge jump, but a PSA 6 sold for 90K three years ago.

What I wonder is why is that Black Lenox Cobb in a PSA 2.5 valued the same as an Old Mill Bat On in PSA 3? Isn't the Black Lenox much rarer?

Jeff, are you confusing the $144k sale with the Brown Lenox example that sold in Heritage in Feb. 2023?

PS- Glenn, I didn't interpret the OP to be joking. Prices are all over the place. Some high, and some low.

[brunswickreeves]

1952 Topps Mantle card’s prices are drastically influenced by eye appeal; the below were UP vs same grade in HA’s prior auction(s)…

Grade @ price of this HA auction vs price from prior HA auctions:

2 @ $38.4K vs $28.8K on 8/25 vs $31.2K on 6/22
3 @ $52.8K vs $51.6K on 10/6 vs $46.8K on 7/13
5 @ $108K vs $105K on 10/6 vs $84K on 5/18
5.5 @ $96K vs $75K on 10/6

[calvindog]

Originally Posted by MVSNYC

Jeff, are you confusing the $144k sale with the Brown Lenox example that sold in Heritage in Feb. 2023?

PS- Glenn, I didn't interpret the OP to be joking. Prices are all over the place. Some high, and some low.

Nope. Summer 2022 REA. Black Lenox Bat off PSA 2.5 sold for 144K.

https://bid.robertedwardauctions.com...?itemid=112449

[Luke]

Originally Posted by calvindog

That Bat Off Black Lenox sold for 144K just over two years ago. And that Old Mill Bat On sold for 78K in April of 2020 so it's not a huge jump, but a PSA 6 sold for 90K three years ago.

What I wonder is why is that Black Lenox Cobb in a PSA 2.5 valued the same as an Old Mill Bat On in PSA 3? Isn't the Black Lenox much rarer?

There are only a handful of the OM out there. Toughest HOF OM.

[darwinbulldog]

Originally Posted by MVSNYC

As mentioned above, prices are all over the place...

I think he was joking. The examples may have been cherry-picked, but they were all tanking more or less identically.

[bandrus1]

N162 Anson was very strong

[BigfootIsReal]

Originally Posted by bandrus1

N162 Anson was very strong

I have a couple in an auction going on, let me just say, I'm pretty nervous as to where they stand right now. This is why I hate auctions, I ALWAYS get bent over. Changing my name on Monday to Ben Dover!!

[investinrookies]

Originally Posted by bandrus1

N162 Anson was very strong

That cards been moving up for a while now, rare beautiful card imo. Based on its age, rarity, player and eye appeal prob should be worth a lot more especially compared to many other more valuable cards.

[Pat R]

Originally Posted by MVSNYC

As mentioned above, prices are all over the place...for example...

PSA 2.5 T206 Black (not Brown) Lenox Cobb Bat off sold for $102K

PSA 3 T206 Old Mill Cobb Bat On sold for $102K

Both incredibly strong prices.

The Black is actually tougher than the Brown for the Cobb bat off. I think that example is the only black Lenox graded by either company.

[Rhotchkiss]

For some reason I think I recall that "estimated values" can reflect the amounts the consignor and auction house agreed to for insurance purposes. Thus, its not always a true estimate.

Regardless, estimates are almost always wrong. I dont understand why AHs put them. When the estimates are higher than the final price, it looks like the AH sucks. When the estimates are lower, it looks like the AH cant value the cards.

And I agree, the overall value of cards are down from a few years ago, in some cases substantially. Still, today's values far exceed pre-Covid.

[jsfriedm]

Generally speaking (with many exceptions), it seemed that 19th century prices keep going up, pre-war is close to flat, and post-war is declining (all in line with trends of the past year or two). One that stood out to me was the PSA 8 Mays rookie that went for 157K.

[4815162342]

It may just be the time of year.

[samosa4u]

Originally Posted by e107collector

Another one was the PSA 7.5 52 Topps Mantle. I saw a previous sale in this grade in 2022 for $708,000. This card sold last night for $418K was the final bid I believe.

The lower grades are still ridiculous though. For example, you need about 25 - 30k USD to own a PSA 1 example that looks like it came outta' somebody's a**!

[LEHR]

I was busy all day yesterday and never bothered to check the auction because I thought it all ended today (12/06). I logged in as soon as I woke up this morning to see where everything was at and the auction was closed on everything I had bids on. I'd have definitely pushed several items higher. Oh well, REA ends this weekend so I guess there's just more money for that now.

[Fall1963]

Hope the '33 Goudey Ruth's come down a bit more.

[toppcat]

Two of the "big three" 1951 Topps MLAS went pretty low IMO, only the Stanky seemed to be about where it should have been but the other two didn't even come close to the prices for the 2018 proofs in REA. The 2018 handcut Roberts proof went for exactly double the $66K Heritage hammer.

Too many auctions?