REA preview

3-2-count · #1 03-06-2010, 08:24 AM

I was going back & forth with someone on the M110 Chase auction night. I finally gave in and waved the white flag. Still went for much less than previous examples.
Someone got a great Chase cabinet.

calvindog · #2 03-06-2010, 08:33 AM

Well, these rare, 4-5 figure cards often have a very small bidder pool. You remove one deep-pocketed bidder from the pool who usually gets what he wants in an auction and the floor drops out on a final price. Doug didn't stop the criticism and he cost his consignor 6K. Sounds like a lose-lose proposition to me.

Similarly, I wonder what would happen if guys like Keith Olbermann or Corey Shanus stopped bidding in Legendary auctions? How would you like to be a Legendary consignor of cards or memorabilia which these guys collect and then you learn too late that they are not involved with Legendary anymore? Probably a result very similar to what happened with that M110 Chase: an item finishes at one-third of what it should have done based on recent, prior sales.

Jay Wolt · #3 03-06-2010, 08:45 AM

Jeff - Even if you weren't banned, would you have bid on the Chase?
You certainly don't trust them or like them, so why put more $$$ in their hands?

Jim VB · #4 03-06-2010, 08:50 AM

Jay,

Drive downtown. Ask the first crack addict you see, why he buys from a dealer who shorts him.

Let me know what they say.

calvindog · #5 03-06-2010, 08:51 AM

Jay, there aren't many auction houses I trust so unless you have a cache of high-end Cobbs that you're holding back for me I occasionally have to bid in auctions I think are foul. That being said, in order for me to buy a card from Legendary I'd have to pay significantly less than what I think it was worth at this point in order to prevent them from running me up.

Bill Stone · #6 03-06-2010, 12:09 PM

Well T210 fans this should be fun with both the T210 Jackson and the T210 Casey Stengel coming up.

Doug · #7 03-07-2010, 03:48 PM

Also represented is the classic 1993 Goudey Nap Lajoie, graded EX/NM 80 by SGC (reserve: $5,000, estimate: $10,000/$20,000).

I've never seen a 1993 Goudey Lajoie before!

cdn_collector · #8 03-07-2010, 03:56 PM

"...and one of 19th century card collecting�s most intriguing and extreme rarities: an N172 Old Judge California League player � Cornelius Doyle of the San Francisco team of the California League. This is the first California League Old Judge that REA has ever had the opportunity to auction, and has a reserve of $100,000."

I don't claim to know much about Old Judge's, let alone California League players, but $100,000? I had no idea any OJ was in 6-figure territory.

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