Sandy Koufax 1955 Topps 123 PSA 8

hedgefund96 · #1 06-21-2018, 05:21 PM

James,

I rechecked the actual Memory Lane auctions (the last three that I listed) and the extremely low auction prices are correct. Why so low?

Republicaninmass · #2 06-21-2018, 05:54 PM

I think a few people were trying to manipulate the market. Now nobody wants to catch a falling knife.

irv · #3 06-22-2018, 07:43 AM

Quote:

Originally Posted by Republicaninmass

I think a few people were trying to manipulate the market. Now nobody wants to catch a falling knife.

The summer of 16. Many of those cards are now hanging in limbo, imo, as most don't know what to think now as far as their true value goes.
I forget some of the numbers but I believe an 8 or 9, maybe even a 10 was well over $200k once.

Many said it wasn't likely ever really sold but one on here stated since they listed it at that price, that was the benchmark going forward.

bobbyw8469 · #4 06-22-2018, 08:29 AM

Quote:

Originally Posted by irv

The summer of 16. Many of those cards are now hanging in limbo, imo, as most don't know what to think now as far as their true value goes.
I forget some of the numbers but I believe an 8 or 9, maybe even a 10 was well over $200k once.

Many said it wasn't likely ever really sold but one on here stated since they listed it at that price, that was the benchmark going forward.

The market manipulation that happened on that card didn't seem to stick like it did the Clemente rookie.

jfkheat · #5 06-22-2018, 11:47 AM

You mentioned that you are an investor in ball cards. As an investor I wouldn't buy a Koufax rookie at the $9400 you mentioned or even at $8000 BLongley mentioned. The prices have been slowly dropping since they ran up a couple years ago. By this time next year the prices will probably be at or near $8000.
james

hedgefund96 · #6 06-22-2018, 12:36 PM

JFK,

Yes as I strictly hold cards with a goal of selling 10-15 years down the road. I have been collecting for about 2 years BUT Koufax has got me confounded as it is a tough read. Thanks for the advise.

The following is the card:
https://www.ebay.com/itm/1955-TOPPS-...19.m1438.l2649

Johnny630 · #7 06-22-2018, 01:23 PM

Hedge Fund

I wouldn’t be to quick on said card. It has a lot of print in the yellow up high in the middle of the card and on his face. It’s also a old grade, Slabbed in a newer holder. Just my opinion, following your gut. For investment purposes, at this moment, I’d hold cash for a better time to buy. I think there will be a steeper correction in the values of these cards.

jfkheat · #8 06-21-2018, 05:57 PM

The last Memory Lane sale on your list ended 9/16/2007. https://memorylaneinc.com/site/bids/...ce?itemid=7293

The one above that ended 3/31/2006. https://memorylaneinc.com/site/bids/...ce?itemid=1568

The one above that ended 9/14/2008. https://memorylaneinc.com/site/bids/...e?itemid=11180

Look at the date on the three you listed. All show 1/1/2018 yet the names of the auctions are different.

hedgefund96 · #9 06-21-2018, 07:19 PM

Good catch.

hedgefund96 · #10 06-21-2018, 07:53 PM

James,

I just checked PSA again versus your list and all was a match except for the three Memory Lanes Auction house. Instead of denoting the actual dates PSA just used 1/1/2018, because they might not have had the actual dates,and like many systems they will just use 1/1/2018. Also, I should have figured that out as you states by the dates/very low prices. Thanks for your help.

jfkheat · #11 06-21-2018, 11:16 PM

I found all of the past sales by searching on the Memory Lane site.

hedgefund96 · #12 06-22-2018, 05:40 AM

I think I will offer $9,400. Your thoughts?

BLongley · #13 06-22-2018, 06:34 AM

FYI, a nice SGC 8 just sold in mile high auction last night for $5800... SGC does often go for less than PSA but not by a wide margin. I would try and get the seller closer to $8k.... I have bought a few Koufax rookies over the years (in PSA 6 and 7) and it does seem his rookie card market is a bit soft right now unless the card is immaculate. Good luck with your purchase!

hedgefund96 · #14 06-22-2018, 06:50 AM

BLongley,

I will take your advise.

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