T206 Eddie Plank prices finally take off?

[chriskim]

Goldin just sold a PSA-3 T206 Eddie Plank for $132K. That's the highest price a PSA3 ever sold. Why did that Plank sell for such high price? It has that common 350 back and it isn't under grade (at least to me) or whatever. It is just a "regular" Plank. Is t206 Plank finally got recognize as a rare t206 now? The Plank price has been flat (even with the craziness during/after pandemic) and a PSA3 has been in the range of $60k for a decade now.

https://goldinauctions.com/LotDetail...entoryid=81799

[Pat R]

I wouldn't trust the price realized because the consignors can bid on their
items in Heritage but this PSA 3 sold for $252,000 July 2019.

https://sports.ha.com/itm/baseball/1...ription-071515

[rats60]

That was a 150 back. Plank hasn't been 60 k for a long time. A PSA 3 sold for 84k in 2019. A SGC 3 sold for 96k in 2020. All high end cards have gone up. Why wouldn't Plank?

[chriskim]

Originally Posted by Pat R

I wouldn't trust the price realized because the consignors can bid on their
items in Heritage but this PSA 3 sold for $252,000 July 2019.

https://sports.ha.com/itm/baseball/1...ription-071515

That Heritage PSA3 had the rare SC150 back and that's why it sold for $252k. The one that just sold last nite had that regular SC350 back.

(BTW, u meant Goldin let their consignors bid on their own consignments? or Heritage?)

[Pat R]

Originally Posted by chriskim

That Heritage PSA3 had the rare SC150 back and that's why it sold for $252k. The one that just sold last nite had that regular SC350 back.

(BTW, u meant Goldin let their consignors bid on their own consignments? or Heritage?)

No I meant Heritage does Goldin allow consigners to bid on their items too?

You said no PSA 3 had sold higher so I didn't know you meant 350 backs.

[chriskim]

Originally Posted by Pat R

No I meant Heritage does Goldin allow consigners to bid on their items too?

You said no PSA 3 had sold higher so I didn't know you meant 350 backs.

I do NOT think Goldin let consigners bid on their own lots, of course u can ask your friends to bid for u and that's another story.

I didn't know Heritage let consigners bid on their own stuffs, i guess i need to study their fine prints again.

[swarmee]

Originally Posted by chriskim

I didn't know Heritage let consigners bid on their own stuffs, i guess i need to study their fine prints again.

We mention Rule 21 on here every few months, I think.

[Mjpadilla84]

Goldin Plank PSA 4 sold tonight for $312,000. Same card listed for sale on Dean’s cards for $165,000 a few months ago. Whoever flipped that card did well tonight.

[Rhotchkiss]

It did not sell. It would have but the reserve was not met. Apparently $300k+/- (you know consignor got a large chunk of the BP) was not enough for the consignor. So, we have a fake comp at $312k

[Mjpadilla84]

Ok I see it didn’t it hit the reserve, I was keeping an eye on it.

[Jdoggs]

Originally Posted by Rhotchkiss

It did not sell. It would have but the reserve was not met. Apparently $300k+/- (you know consignor got a large chunk of the BP) was not enough for the consignor. So, we have a fake comp at $312k

Wow reserve wasn’t met so this is a fake comp.

[Goldin Auctions]

Originally Posted by Jdoggs

Wow reserve wasn’t met so this is a fake comp.

???
This is the Second person who says” fake comp”
If an item does not meet reserve it says “ reserve not met” and when auction is completed the item shows as NOT SOLD, and goes into NO ONES auction price realized sales record.
Please do not use words like” fake comp” when in fact a sale didn’t take place and there is “ no comp”

[Rhotchkiss]

Originally Posted by Goldin Auctions

???
This is the Second person who says” fake comp”
If an item does not meet reserve it says “ reserve not met” and when auction is completed the item shows as NOT SOLD, and goes into NO ONES auction price realized sales record.
Please do not use words like” fake comp” when in fact a sale didn’t take place and there is “ no comp”

We know someone was willing to pay $320k+/-, so in that regard, it is a comp (sort of). Maybe it’s not a “fake comp” - I didn’t mean anything malicious or untoward happened- but rather it shows that in an open auction with willing buyers, someone was willing to pay near $320k for that Plank, and that’s noteworthy and shows the card is worth that. It’s not a “comp” bc it didn’t sell, but it certainly sets a price point. So call it whatever you want. And BTW, that is an incredible price, very strong