Auctions prices in the latest Heritage Auction

[parkplace33]

I am seeing some chatter about how some of the cards in the most recent Heritage auction was not as strong. Thoughts? Any chance we are going to see prices come down to pre pandemic levels?

[Snapolit1]

I mean these auctions now run on an endless loop. How can fatigue not set in at some point.

[3-2-count]

I don’t know. Everything that I was tracking sold for a ton.

Example: Psa 6 T206 Johnny Evers portrait - after the BP $13,800.00

[oldjudge]

The W600 prices appeared very strong. A Ruth rookie with the most common ad back and no left border sold for $325,000 in 3.5. If it was centered better it probably would have sold for between $400,000 and $500,000. I don’t see any problems with the market.

[rand1com]

I didn't see any great bargains. A card here or there may have fallen through but I don't think a lot did. I'm not a T206 collector but look at prices on the key ones and they still look strong to me.

Whatever I do bid on, I almost always get outbid even when I bid much more than I meant to. Usually, I'm happy to be outbid in those instances.

I won one obscure lot that I guess few were interested in. Even on that lot, I bid my max to win.

[mrreality68]

Originally Posted by rand1com

I didn't see any great bargains. A card here or there may have fallen through but I don't think a lot did. I'm not a T206 collector but look at prices on the key ones and they still look strong to me.

Whatever I do bid on, I almost always get outbid even when I bid much more than I meant to. Usually, I'm happy to be outbid in those instances.

I won one obscure lot that I guess few were interested in. Even on that lot, I bid my max to win.

+1 agreed I thought the prices were strong. Perhaps some could have gone higher but I missed the bargains and other cards like 1915 CJ Joe jackson Authentic for $21,600 is very strong

[swarmee]

If you were buying PSA Goudeys, you were only getting 98% of the card... ;-)

[MVSNYC]

Originally Posted by 3-2-count

I don’t know. Everything that I was tracking sold for a ton.

Example: Psa 6 T206 Johnny Evers portrait - after the BP $13,800.00

+1

I agree with Tony...T206 prices continue to be very strong.

[Exhibitman]

The only honest way to answer this sort of question is to create a spreadsheet of prices on specific cards and then track them over time. I've done that with about 100 cards, mostly prewar. I think the highest prices on most issues were last Fall during Omicron, but they haven't fallen much from there.

[Kidnapped18]

All the cards I followed and/or bid on were still very strong price wise. 50%+ on most from last year in same/similar condition/grade.

[Johnny630]

Originally Posted by parkplace33

I am seeing some chatter about how some of the cards in the most recent Heritage auction was not as strong. Thoughts? Any chance we are going to see prices come down to pre pandemic levels?

I do think we see prices come down to pre pandemic levels. Mostly on second tier guys middle and lower grade. I’ve seen it at shows, people are favoring raw cards over graded. Guys buying super stars in these big auctions, inflation, gas prices up ect have little to no affect on them, so it’s harder to judge but it is moderating, people are being careful, the FOMO is over, that’s for sure. I’ll say the middle class is not going to be spending like they did at last years national. These Big Time Auction are hard to gauge. I will say I noticed a 56 mantle in psa 8 only sold for $15,000, that still to much, but here is the reality about it, last year they were insanely selling for over 20k in psa 8.

[jsfriedm]

Originally Posted by Johnny630

I do think we see prices come down to pre pandemic levels. Mostly on second tier guys middle and lower grade. I’ve seen it at shows, people are favoring raw cards over graded. Guys buying super stars in these big auctions, inflation, gas prices up ect have little to no affect on them, so it’s harder to judge but it is moderating, people are being careful, the FOMO is over, that’s for sure. I’ll say the middle class is not going to be spending like they did at last years national. These Big Time Auction are hard to gauge. I will say I noticed a 56 mantle in psa 8 only sold for $15,000, that still to much, but here is the reality about it, last year they were insanely selling for over 20k in psa 8.

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

[Johnny630]

Originally Posted by jsfriedm

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

Exactly it’s not all butterflies and daisy’s..people only wanna see the comps they wanna see....it’s pulling back especially post war....they pushed it to far the last couple of years....psa 5 Mickey Mantle is Middle class blue collar that’s a big reason why it’s coming down. It should be a $900-$1,000 card in a 5 Max

[MR RAREBACK]

Wanted the mello mint Mathewson, that sure went up a lot the last day

[Carter08]

Originally Posted by jsfriedm

Speaking of 1956 Mantles, a PSA 5 sold for $1,620. Haven't seen that price in about two years.

Was it a centered new grade? One just auctioned on eBay for 3k.

[Casey2296]

Pre war as strong as ever, post war getting soft.

[jsfriedm]

Originally Posted by Casey2296

Pre war as strong as ever, post war getting soft.

No, it wasn't the strongest example. But plenty of equivalent ones have sold for 2-3K in the last two years. The lot I was most interested in was the complete PSA graded T205 set. I conservatively estimated that had a breakup value of about 100K, though that was definitely on the low end given recent T205 prices. It went for 117K. A solid price, but not a spectacular one.

[DCJayhawk]

As someone who won a T 206 Cobb, prices were strong, but there were a few that slipped through the cracks or got overshadowed by the same card in a slightly higher grade. Everything Ive seen shows prewar and specifically T 206 prices are as strong as ever with no signs of it stopping.

[rjackson44]

nothing was cheap market very strong

[ejharrington]

I was shut out on some cards I fully expected to win as I was intent on bidding whatever it takes.

Also in the last couple of weeks I got outbid on a PSA 10 1979 Topps Rick Burleson and a 1985 Fleer PSA 10 Steve Balboni for over $600 and $300 respectively. I put in huge snipe bids and I wasn’t even the first underbidder on either.

[T205 GB]

The 33 Gehrig stalled out on what was set to be a great run up in price finally. Buying more now Thanks to a massive dump of all grades and then relisting of the same cards in high grade killed the market right away. No one wants to buy the same PSA 6 over and over Heritage! Just a big museum for me to look at.

It is not just Gehrig. Heritage is just a big ebay store window.