Mastro Auction

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Posted By: John Spencer

I know he is in the HOF, it is his rookie card in very nice shape, and E107's are hot but $40 grand for a George Davis just blew me away. Maybe 2 heavy hitters went toe to toe on this one. Any other reactions to the auction results, which undoubtedly set another record.

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Posted By: ockday

and the auction for this card is not over yet..it ends tonight

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Posted By: scott brockelman

i have been tracking a couple of other single card lots, where the prices are already 3-5X's what the cards have recently brought or "thought to be worth". it is probably a case of 2-3 bidders running up the items, as the general market just does not have a broad enough base to support price levels such as these.

scott

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Posted By: barrysloate

The hobby is a runaway train, and these extravagant prices should surprise noone.

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Posted By: Hal Lewis

Scott:

Which lots specifically?

I can honestly say that I am only responsible for the high prices on TWO items in the auction and have placed no other bids (Welch and one other card).

It would be interesting to know how many people are responsible for the prices on whichever items you are following.

Like you said, it only takes TWO people to run up the price of ONE item...

but it probably takes a lot more people to run up the prices on a BUNCH of items.

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Posted By: scott brockelman

while i do not think it would influence the bidding or the outcome one way or another, i would rather point them out after the auction.

scott

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Posted By: Anonymous

some of the non-sport cards that ended last night sold for unbelievable $$ .

The '33 Dare Devil set being a prime example

http://www.mastronet.com/index.cfm?action=DisplayContent&ContentName=Lot%20Information&LotIndex=52674&CurrentRow=1

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Posted By: Paul

It's not even his rookie. That would be the N142 Duke cabinet.

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Posted By: Brian C Daniels

surely that T-204 Johnson is one of them!

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Posted By: Hal Lewis

I'm sure glad I bought my PSA 4 T204 Johnson when I did.

The market for those has obviously risen.... at least for TWO people out there.

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Posted By: warshawlaw

I like how Heritage Auctions has the vig written in right next to the bid key. I wish Mastro did. I just realized that an item with a current bid of $3,076 will cost $3,976.20 to take to the next level when the vig is included.

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Posted By: Jay Miller

Adam--I'm sure most auctions houses have thought it through and they feel showing the lower number is more likely to encourage bidding. The $3076 was really $3614 to start with so the raise to the next level is still only a 10% ($361) increase.

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Posted By: Richard Masson

We need a plaintiff's lawyer to faorce this disclosure! NOT.
Jay- shouldn't you be working?

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Posted By: warshawlaw

Jay: I know it was about 3600 bucks with the vig, my point is that when you see 3000 you think 3300 not 3900, which is undoubtedly why they structure it that way. Heritage just makes the calcs easier for us non-math types.

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Posted By: Bryan Long

but, 35K for a Walter Johnson Ramly????? Is it just me or is this just absolutely nuts!!!!

I guess my dreams of owning a decent looking ramly Johnson just went out the window.

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Posted By: Hal Lewis

Sir Walter sold for $36k + the juice.

About $42,500 total sales price.

Crazy.

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Posted By: JimB

Scott is probably feeling pretty good about those two sixes right now.
JimB

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Posted By: DJ

The funny thing is that the price of the George Davis hasn't changed in over a week. It spiked to that level after the first few days of bidding. Prices are simply amazing and of course...shut out.

DJ

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Posted By: Hal Lewis

Someone here might be GLAD that the E107 Davis didn't increase!!

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Posted By: Hal Lewis

By the way...

can we PLEASE get a STANDING OVATION for the REAL "30-minute rule"!!!!


How WONDERFUL to be able to go to bed at 12:30 EST and not 4:56 am EST!!!

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Posted By: JimB

Hal,
Agreed! This is a much better format.
JimB

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Posted By: Richard Masson

OK, Hal, fess up.

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Posted By: Hal Lewis

Fess up to what?

Overpaying through the nose for the card of a HOF'er that nobody outside of this board has ever heard of?



All I can say is that I do NOT consider the N142 Duke Cabinet to be a real baseball "card" because of its size and the way in which someone had to obtain it.

Thus, the E107 is Davis' "first" baseball card in my opinion.

This is only MY opinion, I don't care if everyone feels otherwise, and I am not looking for an argument or trying to belittle anyone else's collection.

Bruce Babcock owns one of Davis' N142 cabinets... and it is VERY lovely and very nice. Just not for me.

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Posted By: barrysloate

Hal- the first rule of collecting is there is no right way or wrong way to collect. You don't even need to explain why you bought it. If you love it, end of story.

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Posted By: Richard Masson

and I especially like the cyclists'rookie cards...

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Posted By: Anonymous

Green Lantern,
....are there any Jockey's in that set?

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Posted By: warshawlaw

I was high bidder on a lot when it the auction allegedly closed, had been all day, yet it went into "extended time" instead where I lost the item. Why, if I am the high bidder at the close, doesn't it close? Isn't that the idea of a closing time? I mean, why have a closing time if you aren't going to close the auction at that time? What's the point? Reminds me of the Seinfeld where they take the car reservation but don't have the car...

I guess the logic comes from the same place that the court clerk I spoke with this a.m. was coming from. I needed to file a post-trial motion on a neighbor dispute case and they told me I had to use a family law form. I said "but it isn't a family law case" and the clerk said I still had to use the family law form. I said "let me get this straight: you are telling me I have to file a family law form in a non-family law case?" She said right, I said OK, I'll file the wrong form. Who can disagree with that?

I have a headache...

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Posted By: JudgeDred (Fred)

Adam,

The old format used to keep ALL of the lots open until the wee hours of the morning.

This new format will close all lots that haven't received bids in the "first overtime" cycle. If the lots don't receive any action then the lot closes. Usual rules apply, if you didn't bid on the lot before the initial end time then you can't bid on it in the extended time. If the lot receives a bid then the clock starts over (I think it's a 30 minute clock). If the lot receives no more bids after the clock expires then the lot closes. This is soooooo much nicer on everyone. It basically makes you crap or get off the pot.

I guess if you don't fill out the form (place an initial bid before the initial closing time) then the toilet (crap or get off the pot) will be off limits during the extended bidding..... moral of the story, you gotta have your paperwork done on time to do more paper work....

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Posted By: JimB

I think the explanation of the method of closing is pretty clear in the catalogue. It was supposed to close this way last time, but I don't think it did. Anyway, last night was great because it was over relatively early.
JimB

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Posted By: warshawlaw

I can understand the genesis of the concept--wanting to wait until the phones closed down when the auctioneer needed to field individual calls, tally the results, etc., and people could not get through to make their bids before a closing time. But with instantaneous internet bidding, I don't see why responsible adults cannot make note of the closing on a lot and bid in a timely manner as they would have to on Ebay.

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Posted By: JudgeDred (Fred)

Adam,

Have you ever been in a line at a McDonald's (I'm not sure if this is beneath you or not) and had the person in front of you not know what they wanted to order after standing in line for 5 minutes and looking at the same stupid menu that's been around forever? Then they order a number 1 (which for those not educated in the greater culinary arts is a big mac, fries and softdrink).... maybe they couldn't decide if they wanted to super size it... I'm not sure how that analogy works...