REA: 4 Planks & 5 Magies

[T206Collector]

Can these two t206 "rarities" really be that "rare" if a single auction house can have 4 Planks and 5 Magies running in the same auction? Or is it more a function of (a) price point; and (b) if you're going to sell one you're holding out until REA?

Also, if you're consigning a Plank and a Magie, wouldn't you rather hold out for an auction where you're not competing with 3 or 4 other sellers? Or is REA and/or those cards immune from typical supply/demand market forces?

[Mrc32]

If you own one of those cards you are clearly an advanced collector and know that REA is the Rolls Royce of auctions. Therefore if you own one, you would want to sell it in their annual auction.

It is possible the economic downturn has impacted the holders of those cards and they are forced to sell now no matter what.

I wonder what REA's policy is about telling other consignors that there are duplicate items in the auction.

[Jim VB]

Originally Posted by Mrc32

I wonder what REA's policy is about telling other consignors that there are duplicate items in the auction.

With my consignments (basketball, not baseball), he couldn't be specific, but gave me a pretty good idea of what he had, at that time, that I'd be competing against. But that's no guarantee, because he may have received consignments anytime after I sent my stuff in.

[sgbernard]

I'd be interested to see if anyone has an opinion on this, but I might guess that, say, three Planks would bring a better price on each card than just one as buyers bid up to their limit on one card and then move on to the next best condition example that they can afford. I often notice on ebay that if a lot of five rare cards comes at once, they can sell for more than a single example from the same set.

[JP]

Rob told me exactly what other Planks were going to be in the auction when he made his pitch. He also gave me a preview of the writeup and asked me for my input on changes. I, of course, deferred to his wisdom. He truly is a standup guy in a hobby that has less and less each passing year.

Side note on Magies: as the pop report proves, they aren't THAT rare. Almost the same numbers graded as o'hara and demmitt.

[barrysloate]

JP- you bailed out on that Plank in like the blink of an eye. I thought you really loved it.

[tbob]

Originally Posted by sgbernard

I'd be interested to see if anyone has an opinion on this, but I might guess that, say, three Planks would bring a better price on each card than just one as buyers bid up to their limit on one card and then move on to the next best condition example that they can afford. I often notice on ebay that if a lot of five rare cards comes at once, they can sell for more than a single example from the same set.

Seth- you are right on. That's what is happening with the 3 Demmitts on REA.

[JP]

I see 4 Demmitts. I'm lead bidder on one and can't see them going too much higher from here.

[teetwoohsix]

I have a feeling you're right about holding out to auction them off with REA.They seem to have an excellent reputation,and have the buyers who pay top $$ for items participating in their auctions.

[Bicem]

not rare.

[OldSchoolBaseball]

It looks like the altered Plank went for $16k after just recently selling for $20k. REA should not have over-packed the auction with a bunch of Planks and Magies. Maybe a semi annual action would have helped.

Tough loss for the consigner...

[ChiefBenderForever]

Sometimes the flip flops.

[botn]

I don't know JP but I don't see how anyone can buy a card like that in a major auction a few months earlier only to consign it to another major auction and expect to do well. Sorry it turned out that way for JP.

[jmk59]

Originally Posted by botn

I don't know JP but I don't see how anyone can buy a card like that in a major auction a few months earlier only to consign it to another major auction and expect to do well. Sorry it turned out that way for JP.

I agree with this completely. Whenever you win any auction, you have to keep in mind that you were willing to pay more for that item than anyone else. So unless there are certain circumstances - lot break-up potential, etc - you should probably assume that no one will be willing to pay more for the same thing in the immediate future.

It could happen, but I wouldn't assume so. But it is unfortunate for JP. Shoot.

Joann

[Rob D.]

Originally Posted by OldSchoolBaseball

It looks like the altered Plank went for $16k after just recently selling for $20k. REA should not have over-packed the auction with a bunch of Planks and Magies. Maybe a semi annual action would have helped.

Tough loss for the consigner...

The restored Plank that sold in Legendary was in REA's auction? Really?