Jumbo Wags back up for sale...the history of the card.

[steve B]

Originally Posted by 100backstroke

As it usually does. Hmm, Ok, just curious - the last couple times this or the Gretzky copy went up for sale - what were estimates vs. what they closed?

I believe the point wasn't the record of estimates vs final price for those two cards, but rather a commentary on auction houses and their estimates.

Some traditionally try to estimate conservatively, thus being able to both promote how well some items have done against the estimate and set a reasonable expectation with a consignor. Others estimate higher, perhaps to get the consignment initially, and/or to encourage higher bids.

Either can work, unless it's overdone. Estimate too low, and they might miss out on better consignments hurting the business in the long run. Estimate far too high consistently and the same will happen as the business gets a reputation for underperforming. It's a constant balancing act, and probably quite challenging.

Steve B

[e107collector]

Who the heck spent $315,000 on the LeBron James card!!! Unbelievable!!

Tony

[FourStrikes]

Originally Posted by e107collector

Who the heck spent $315,000 on the LeBron James card!!! Unbelievable!!

Tony

exactly.

and the Wagner is gorgeous, albeit WAAAAAY outta my price range. minus the notoriety of the "trimmed" Wags,
this one is by far a superior - and untainted - example, IMO.

[Snapolit1]

5 million estimate was only off by a couple of mil. Seems a little embarrassing. Is the market that irrational?

[ullmandds]

Originally Posted by Snapolit1

5 million estimate was only off by a couple of mil. Seems a little embarrassing. Is the market that irrational?

no...just the AH.

[botn]

Originally Posted by Snapolit1

5 million estimate was only off by a couple of mil. Seems a little embarrassing. Is the market that irrational?

PT Barnum of the hobby. He is never embarrassed. The market is fine and the card exceeded what it could have gone for.

[Sean]

Originally Posted by botn

PT Barnum of the hobby. He is never embarrassed. The market is fine and the card exceeded what it could have gone for.

Funny, I remember a couple years ago when they sold a T206 Cobb/Cobb back for more than expected. One of his employees came on here to remind us how we (I) doubted that he could get that much for the card.
I'm guessing he won't be posting about this auction.

[mechanicalman]

The SGC 98 Ryan Rookie seemed to go for a bargain compared to the one listed on eBay for $795k, or 6x the price. But the Goldin one doesn't come with eBay bucks, so there's that...