Jumbo PSA 5(mc) T206 Wagner- Goldin Auctions- No Reserve

[Shoeless Moe]

Would it be like the Stanley Cup, everyone gets it for a day and can do what they want with it?

[deadballfreaK]

Originally Posted by Shoeless Moe

Would it be like the Stanley Cup, everyone gets it for a day and can do what they want with it?

Exactly! I'd go in for a share. Just to have it for one day. Take some pics. Show it off. Awesome!

[ls7plus]

All kidding aside, if a consortium could actually be assembled to bid upon and win this card, it might well be worth it. IMHO, this card is one of at least two (along with the 1914 Baltimore News Ruth) which could well reach the lofty levels of great works of art and rare and significant automobiles (racing Ferrari's and the single Aston Martin to win Le Mans, piloted by Carroll Shelby, have reached the 20-30 million range) in our lifetimes.

Put me in for a share, guys!

Larry

[Runscott]

There's a math issue here. Again, it's going for $2 mill or more. It's going to take a while for each person to pack and ship it, and there's going to be a huge insurance cost (Not sure why I'm even typing this). If you held it for one day, you'd probably get your turn every...well, let's do the math: ($500 each, $2mill price = 4000 owners...4 days each, including shipping = 16,000 days...16,000/365 = 43 years...add another 10 years for travel problems = 53 years)

I plan to be dead before my turn comes up - perhaps even sooner if I keep wasting brain cells like this.

[Jlighter]

Originally Posted by Runscott

There's a math issue here. Again, it's going for $2 mill or more. It's going to take a while for each person to pack and ship it, and there's going to be a huge insurance cost (Not sure why I'm even typing this). If you held it for one day, you'd probably get your turn every...well, let's do the math: ($500 each, $2mill price = 4000 owners...4 days each, including shipping = 16,000 days...16,000/365 = 43 years...add another 10 years for travel problems = 53 years)

I plan to be dead before my turn comes up - perhaps even sooner if I keep wasting brain cells like this.

I was thinking about this. In my plan it would cost extra to have a viewing share, making less people to send the card. Sending the card Registered might alleviate this predicament, price wise for insurance.

We could have preferential shares. More money will be paid, but you will recieve the card before others. It could go in a sliding scale, the person who receives the card first will pay more then the person who receives it the last.

[deadballfreaK]

I actually had a chance to buy a Wagner in the early to mid 70s for about $1200. Decent card. PSA2 maybe. I was making maybe two hundred a week at the time. So basically a months pay. A half a mil card today or more! Ugh.

[I Only Smoke 4 the Cards]

Originally Posted by Jlighter

I was thinking about this. In my plan it would cost extra to have a viewing share, making less people to send the card. Sending the card Registered might alleviate this predicament, price wise for insurance.

We could have preferential shares. More money will be paid, but you will recieve the card before others. It could go in a sliding scale, the person who receives the card first will pay more then the person who receives it the last.

There would be too much liability moving the card. It would need to be something that is stored in a location and treated like an asset. Maybe have a "card party." That way everyone could see and get some pictures taken with it. This is not unheard of in the case of other assets such as paintings and horses.

[Jlighter]

Originally Posted by I Only Smoke 4 the Cards

There would be too much liability moving the card. It would need to be something that is stored in a location and treated like an asset. Maybe have a "card party." That way everyone could see and get some pictures taken with it. This is not unheard of in the case of other assets such as paintings and horses.

It would depend on the amount of investors with viewing shares. Maybe a blanket insurance plan can be bought?

[Cerberus]

How about the co-owners hiring a "Jumbo Wagner Custodian," ala the fair-haired fellow, wearing gloves, who travels around with the Stanley Cup?

[deadballfreaK]

Originally Posted by I Only Smoke 4 the Cards

There would be too much liability moving the card. It would need to be something that is stored in a location and treated like an asset. Maybe have a "card party." That way everyone could see and get some pictures taken with it. This is not unheard of in the case of other assets such as paintings and horses.

I could go for that.

[Jlighter]

The easiest way to do this would for someone who can spend 2Million+ and then buy "shares" form him. Unfortunately this is unlikely to happen.

One possible option is to have viewing and non-viewing shares. The viewing shares will cost more, but will be able to be viewed for a few days every few years. The non-viewing shares will be purely speculative. Shares can be traded for cards, money etc. A book keeper will keep track of all transactions involved. If shares are traded they have to be to a board member.

There will be an awful of trust involved in this.