Goodwin Prices

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Posted By: Seth B.

Now that the Goodwin auction closed, can we talk about two prices that seem astronomical. I just started collecting the T209 sets, but I was floored to see the result for this auction:
http://auction.goodwinandco.com/displayitem.php?item=20&category=Closed%20Auction
That's nearly $500 a card!!!! I thought bulk meant discount! Anyone else think this is a bit high? I was hoping maybe somebody might leak a few of these out onto ebay or for sale elsewhere in the next month or so, but that's a high price to let any of those go.
And then the Buchner closed for nearly $500. It was a non-HOF, an alright looking front with some staining and advertised back damage. It's sitting in an SGC 10 holder, so I can't imagine the back looks all that nice.
http://auction.goodwinandco.com/displayitem.php?item=90&category=Closed%20Auction

Just venting. Hope someone came away with some nice stuff from this.

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Posted By: Tom Boblitt

kind of unexplainable unless it's a tough pose or two people needed it. I had quite a few of them at one time and didn't have that one.

The T209's, T210's and T211's have blown up lately, so nothing really amazes me on them. Quick way to get about 40-50% of a set with a lot of 100. They looked better than F/G as they were described. I didn't really read the lot description that well.....did they have back damage?

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Posted By: tbob

Seems like everything is bringing record prices now (except for the cards I sell) and the T209s is a real head scratcher. You could have purchased that lot of 100 on ebay a year or so ago for about $6000 or $60 a card, now it sells for about $50,000??? Wow, I have no clue what is fueling that increase. I think that there are a lot of us holding on to graded T210s to see just where this price is going before trying to sell...

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Posted By: Wesley

$13,643.96 for a PSA 5 T222 Grover Alexander seems like a very strong price.

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Posted By: Hal Lewis

I am shocked at the Fatima Alexander price.

I traded a PSA 4 away months ago for a lot less than that.

It is the same one that is up on EBay right now, so maybe I can buy it back for a song...

but that seems very doubtful after seeing that Goodwin price. Amazing.

Freak of Nature?

I guess the Ebay auction will tell us.

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Posted By: Rhys

That price for the T209 cards was absolutely stupid. Nobody will ever be able to get their money back on that. Those cards are worth less than $100 each as many had extensive damage.

Aside from that, the lot that sold on ebay last year for $6000 also included several color Contentnea cards and I think 4-5 of the rare BE Thompson card from T209. None of these cards were included in this Goodwin lot. They mentioned that there was a Thompson but I did not see it in the photo.

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Posted By: Brian

Nearly $2,400 for this card is impressive... Maybe T212's are starting to get more respect?

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Posted By: Keith O'Leary

It was a short time ago (a year?) I paid $70 for this one. These prices are an anomaly....aren't they ?

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Posted By: Brian

1910 & 1911 Obaks have doubled (at least) in the last year. PSA 4's are going for more than $70.00 now. Check out the massive lot of 1910 Obaks on ebay right now. Very aggressive opening bids on the 175 subjects, and I bet 80% or more will sell.

That being said, 1909 Obaks are so thinly traded and condition sensitive that its difficult to know what the market actually is...

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Posted By: tbob

The 1909 Obaks ARE condition sensitive and so the highest grades are 3s, 4s and 5s for most cards, when you can find them. Plus factor in that over half are the borderless variations which were handcut and won't grade and you see they are scarce as hen's teeth.
If I had to project which card sets will make the biggest jump in the next 5-6 years, I would include them along with other minor league sets like the bakery sets, 209s, 210s and 211s.

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Posted By: leon

The folks paying $400-$600 for common T210's and $500 or more for regular T209's, in quantity, don't care if they recoup any money or not. I promise you that. When they might make $1000-$10000 an hour (yes an hour, relatively speaking)....it doesn't matter...because time is money my friends. Just hope "you" are the one selling when a big fish is buying...

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Posted By: eric p.

as far as the t209's go, the collectors going after the t209 group are willing to pay more for these particular cards than other collectors simply because they have the means to do so, there is nothing wrong with that, they are not concerned about getting a return on their cards or even flipping cards to fund their next purchase, t-cards will continually bring in new collectors to the hobby each and every year that passes, by doing so there becomes a supply issue and when supply becomes an issue so does price, so there's no real big surprise when cards bring that kind of money, if your surprised at what things are bringing now, then you will be in for a bigger surprise at what things will be bringing in 10 years from now, but that's just my opinion.

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Posted By: warshawlaw

Amen to that, bro.

I am stunned at what "commons" sell for. For three figures in mid-grade I at least want better players than the average guy.

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Posted By: Frank Wakefield

For starters, I use something as an example, someone (foolishly, in my perception) takes exception to it, I explain my reasoning, and I'm a thread hijacker??? Nonsense. With that out of the way'''

Now here goes the WHY, without any analgies...

A pretty smart fellow suggested this, and another wise collector's thoughts have fine-tuned this... At this point in time in the collecting hobby, the number of collectors of 'vintage' cards has increased, as has their disposable income. And the collectors live longer. More collectors are aware of the 'vintage' stuff because of Mr. Lemke's Catalog, this forum, and the like. Nowadays, stuff shows up on ebay in the "Pre 19__" sections that most collectors had never heard of a few years ago. Now they can see it, and even bid on it. In years past, Mr. Lipset's fine Encyclopedias could only be bought if you tracked Lew down, now the 3 in 1 set is on the net (and I'm glad I bought 2 of each years ago, one set dog-eared, the other 3 still very nice.) Even a few museums are buying stuff. All of these factors pressure the price of cards UP and UP more. To exascerbate this (assuming you perceive the increase in price an unfortunate outcome) there are fewer 'vintage' items becoming available... Again, collectors live longer, hold their stuff longer. A few years ago stuff would go for less on eBay, bargains could be found. Nowadays the buyers are out there, and it is more difficult to find a bargain and win it at a bargain price.

Was I surprised by the Contentnea price? Yes. The previous owner called me at home and asked me about what I thought they'd gone for. I had not watched the prices at the end, and I guessed low. He was tickled with the price! I'd seen these cards some time back, they weren't mint, but they weren't in that bad of shape. The backs were ok. Really. I think the time has come where there is no discount for quantity on some of the vinage items. Here, a fellow bought, all at once, 45% of the set. If you had a pile of money and lots of time, you could not have bought 45% of the set off of eBay the past 5 years. 100 all different. Not that bad of a deal.

Do any of us have all 222 of the photo card Contentneas? I certainly don't. Do any of us have all 640 T210s? I don't. I peaked at about 240 something, and reckognized that I'd not live long enough to buy them one or two at a time, and that I didn't have a sufficient pile to buy, say 45%, all at once, IF they became available. So I decided to focus on one series, and I've sold off many of the others.

Was the price high on these? YES. Especially with the commission. Was it crazy? I don't think so. I think it's ok, and a validation of the prices realized on the Old Mills in Bill Goodwin's previous auction.

There are bargains still out there, Batter Ups and strip cards... but the bargains are waning. The new collector buyer vultures are circling...

Sometimes wrong, never in doubt.

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Posted By: Seth B.

Frank- I started the thread, and I don't see it being hijacked yet, so not sure what that's about, but you're in the clear as far I go.

Yeah, sure, disposable income and a good opportunity to buy a chunk of a tough set at once, but the fact that somebody (and likely at least 2 people, right? as it was bid up at the end) is willing to pay 4-5x what I thought was a fair price for those cards makes me gulp and realize I'll never ever be able to afford one of them again. Throw out the price guides on vintage cards, it's a whole new ballgame.