Memory Lane Thoughts and Pickups

[mrreality68]

Hi Everyone

Hope all is well.

The Memory Lane Auction had amazing items. Extended time was Extended to almost 4am Eastern.

I am curious on the thoughts on the Price Results and to see what we picked up

[Schlesinj]

I am probably not the right person to lead off this thread to give a market perspective, but will briefly write my short perspective. I joined this group 5ish years ago to find a place to learn and that was clearly a smart decision. Besides adding knowledge I have met people in the real world and that a conversation for another day. That said, learning more about rare and incredible cards/ collectibles to add to other interest within the hobby was my goal, so wanted to pick up one of the rare T206 backs.

I watched the Southern League Old Mill Brown backs, but ultimately went for and won Willetts Brown Lenox. The SL had far more bidders and was closer to the level I was willing to spend. I very much was interested in the Cuban (since I have a collection tied to the negro leaguers), but ultimately had to choose.

I was leading throughout the day and had a little back and forth while watching the game last night. Frankly fell asleep near midnight and was surprised the other bidder did not make one more bid.

I did bid on a few photos as well but was not really focused. I was able to add a piece that fit my collection that will sit on my office wall along with my baseball art. I have a collection of Yankees related pieces from George Burke, Conlon, Wingfield, so the autographed Burke framed piece with 8 1949 Yankees was right up my alley and will compliment my space/collection.




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[Schlesinj]

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[Schlesinj]

Sorry trying Tapatalk and can only post 1 at a time.


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[jacksons]

Nice, congrats Jamie great piece!

Originally Posted by Schlesinj

Sorry trying Tapatalk and can only post 1 at a time.


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[Leon]

I literally can't stay up that late to bid and won't. And i almost never want to leave up to bids. I guess? it's good for consignors....
I would have bid more on 1 lot but went to sleep.
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[mrreality68]

Yes

Love the Auction items they always have great stuff.

Some extended bids start at 9pm, 11pm etc and some end relatively quickly but the only downside to Memory Lane extended bids starts at 7pm (eastern) and goes almost until the sun comes up.

[GeoPoto]

I rarely stay up past 10 for any reason, so I have very little experience with extended bidding. Got a little thrill when I realized ML was in extended and I was still up. Found it frustrating though that (at least on my phone) the system didn't update the 15-minute clock. Made it constantly look like the auction might end which was too nerve wracking for me. After about 30 minutes of that, I put in a final bid on the only item I was urgently concerned about and went back to watching football. Fortunately, my bid lasted.

With respect to prices, my data says prices were firm and a little bouncy after the steady decline of late. Almost nothing I track (pre-war or vintage) was down with most everything flat or up. Not racing back toward the highs but certainly not declining further.

[carlsonjok]

I tend to swim in a different end of the hobby pool than most folks here, so while I do bid and win at various auction houses, it generally isn't any special or noteworthy.

However, last night was an exception. I won a lot of 4 signed 1961 Fleer cards.



Three of the cards are duplicates to me and commonly available and affordable. The Bobo Newsom, though, is what I wanted due to it's rarity. Newsom died young (age 55) in 1962, so there was a really short window to get this card signed. It is the 73rd signed '61 Fleer in my collection, out of 96 that are theoretically possible.

[Rhotchkiss]

Honestly, I was quite disappointed with the results of my consignments last night, including the Brown Lenox you bought last night Jamie (congrats!). Granted, the market is softer now than this time last year, especially rare back T206s, but I thought the results were less than satisfactory. That said and luckily, my consignments in this auction were immaterial compared to the entirety of my Memory Lane consignment, the total result of which I am very content with.

Last year I decided to sell a huge chunk of my collection and I spoke seriously to 4 auction houses. I was buying a farm and I wanted to pay cash, which impacted my decision. In making my decision, I considered the following factors, in no specific order: (i) amount of cash advance, (ii) amount of buyer's premium I would get, (iii) who did I trust and think would do a good job, and (iv) how much control I had over the phasing of the sales. Regarding (iii), I felt confident in all 4 AHs and have relationships with all 4 -- that's why I spoke with them specifically -- so that factor is relative and nuanced. Ultimately, I (obviously) chose Memory Lane ("ML").

The cards I sold had been acquired between 2016 - 2023, with the average year of acquisition being 2020.

As part of the process, Joe T (formally of ML) and I sat down and we valued every single card, which included a 521 T206 set, complete 1914 CJ and D304 sets, numerous back runs, etc., and we created a spreadsheet that broke each card into high, mid, and low value estimates. 78.5% of the consignment went in the Spring 2024 auction (I had to pay back the substantial cash advance that ML gave), 17.5% was in the Summer 2024 auction, and 4% was in last night's Winter auction. Here are the results, which include the all-in price (hammer + BP):

Auction 1: Final sales price was 104.62% of the mid-value estimate
Auction 2: Final sales price was 92.77% of the mid-value estimate, but 106.6% of the low-value estimate.
Auction 3: Final sales price was 75.5% of the mid-value estimate, and only 85% of the low-value estimate.
Total All Auction: Final sales price was 100.57% of the mid-value estimate

Thus, the overall results were very satisfactory, and the size and outperformance of the first auction was sufficient to offset the underperformance of auctions 2 and 3, which, combined, only represented 21.5% of the total value.

On the whole, I think ML did a good job with the consignment and I am satisfied. The other 3 AHs offered me a larger part of the BP than ML offered, but ML gave me a very healthy advance and I was very comfortable giving ML such a large consignment, which paid off when I was paid, in full and on-time in the first auction despite many of my cards had been stolen at the Best Western. Honestly, I do wonder whether the results of Auctions 2 and 3 would have been better with Joe there -- he left for Goldin a few weeks before Auction 2; we discussed the move and I was fully supportive despite my consignment. But again, the total results were literally 0.57% above the expected estimates, so i cant complain with getting what was expected!

Thanks JP, Leslie and ML gang. You guys did a great job with a major consignment and I really appreciate the time, effort, and results!!

[Snapolit1]

Originally Posted by Leon

I literally can't stay up that late to bid and won't. And i almost never want to leave up to bids. I guess? it's good for consignors....
I would have bid more on 1 lot but went to sleep.
.
.

Ditto. When I learn of a new auction I immediately review their closing procedures. If it’s something that will close all in at 4 am I immediately move on. Just the reality of it.
Work all week ….. not staying up to 4 am. Will be another auction. Or 400 of them.

[Schlesinj]

Originally Posted by Schlesinj

Sorry trying Tapatalk and can only post 1 at a time.


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Wired money on Monday and in hand today. Both items look even better in person.

[Scott L.]

Incredible pickups all!

Ryan thank you for sharing the info and breakdown on your consgnments. Your posts are always really interesting and informative.

[jacksons]

Another great auction from ML but was outbid on what I really wanted.

Next time I bid on their auction I’ll ask my wife to prop my eyelids open with toothpicks and run a caffeine IV to my veins. Hard to come away with a win at 3:45am EST.

Originally Posted by mrreality68

Hi Everyone

Hope all is well.

The Memory Lane Auction had amazing items. Extended time was Extended to almost 4am Eastern.

I am curious on the thoughts on the Price Results and to see what we picked up

[brunswickreeves]

The decetly centered 52 Topps Mantle PSA 2 at $46K eclipsed the 12/7 HA sale at $38.4K of same grade.

[Schlesinj]

That was my second guess. Cant go wrong with a rare Ruth!


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[mrreality68]

Originally Posted by Schlesinj

That was my second guess. Cant go wrong with a rare Ruth!


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Please tell my wife that

[yanksfan09]

So glad you got that Jeff! Definitely one of my favorite Ruth issues! Such a gorgeous image and rare as they come from Ruths first year on the Yanks! A barnstorming piece, it just has it all!

[Casey2296]

Fantastic Ruth card/image Jeff, congratulations on the pick up. Props to your wife also.

[Jewish-collector]

Jeff - Mazel Tov on that fantastic card !!! beer chug.gifbeer chug.gifbeer chug.gifbeer chug.gifbeer chug.gif