Million dollar mantle

[irv]

Originally Posted by KendallCat

I think we are seeing an era where very few new submissions are coming to market with high end cards like Mantle's, Aaron's, Clemente's... so premium prices are being paid for centered examples. Within a grade like PSA 7 or PSA 8 there is such a large range of factors like centering, eye appeal, corners, color, focus... prices can vary dramatically.

I also think the market from May-August experienced some exuberance and manipulation with certain rookie cards so people are leery of getting back into those cards and cards they spent $30k on which are now $15k. Think about the persons who bought the Goodwin Clemente PSA 8 examples for $146k and $150k in June/July, and now they are back to the $50k range. Same with the Koufax PSA 8 and Rose PSA 8 which are both trading at much lower prices now versus June/July.

When all this happened I think people decided to stick with what they know and have poured money back into Mantle cards which are about as sure of a bet in the market as anything.

That is definitely the case, imo, too. I have followed many many cards and have noticed that as well. Some big money is definitely gone and if sellers/consignors think they are going to get the same money as what summer cards sold for, their sadly mistaken.
http://www.ebay.com/itm/1955-Topps-1...vip=true&rt=nc