T206 ed walsh blue old mill sgc 30!

[David R]

"I wouldn't be surprised if the consignor bid on it, or if the auction house bid on it to "save" themselves from looking kind of silly - a flagship item of the auction not even getting a bid?"

+1

Originally Posted by honus94566

I wouldn't be surprised if the consignor bid on it, or if the auction house bid on it to "save" themselves from looking kind of silly - a flagship item of the auction not even getting a bid.

By someone bidding on this card it now validifies the pricing. If the auction house or consigner did it then that was wrong and dishonest. I don't think this card will every settle in ones collection too long. It's gonna be the new hobby slut. Passed from one to another getting cheaper and less interesting each time.

[ullmandds]

I totally disagree! This card in my opinion was most likely purchased by a wealthy, hard core t206 backs collector...or curiosities collector...to whom 15K is like a $20 bill...and it will remain in their collection for more than an auction season.

[honus94566]

Originally Posted by Pup6913

By someone bidding on this card it now validifies the pricing.

Not at all. The fact that it only got 1 bid, and near the end of the auction...

If I personally was able to obtain this card, I would not have any confidence that it would sell for 15K if auctioned again. And we don't know who bought it, if anyone really did end up "buying" it. Not accusing the auction house of anything here, but at the same time I can see why both the consignor and auction house would have a really big incentive to make sure the item does not end without a bid. Especially the auction house. They'd look silly if a flagship item does not sell, sending a message to other potential consigners that higher ticket items might do better elsewhere, and that they misjudged the value of a flagship item so completely as to have the auction end without even a minimum bid. If I owned the auction house I would have a huge incentive to avoid that kind of an embarrassment. Just sayin'.... my point is not to accuse them of anything, but rather, to just say that in my own mind, what I saw play out on the auction (to me) does NOT confirm this card really has a 15K value or would do that well if/when it's auctioned again.

Like others have said, I don't think we've seen the last of this card, and would be utterly shocked if we don't see it up for sale in a major auction house sometime in the next 12 months.

[Leon]

Originally Posted by honus94566

Not at all. The fact that it only got 1 bid, and near the end of the auction...

If I personally was able to obtain this card, I would not have any confidence that it would sell for 15K if auctioned again. And we don't know who bought it, if anyone really did end up "buying" it. Not accusing the auction house of anything here, but at the same time I can see why both the consignor and auction house would have a really big incentive to make sure the item does not end without a bid. Especially the auction house. They'd look silly if a flagship item does not sell, sending a message to other potential consigners that higher ticket items might do better elsewhere, and that they misjudged the value of a flagship item so completely as to have the auction end without even a minimum bid. If I owned the auction house I would have a huge incentive to avoid that kind of an embarrassment. Just sayin'.... my point is not to accuse them of anything, but rather, to just say that in my own mind, what I saw play out on the auction (to me) does NOT confirm this card really has a 15K value or would do that well if/when it's auctioned again.

Like others have said, I don't think we've seen the last of this card, and would be utterly shocked if we don't see it up for sale in a major auction house sometime in the next 12 months.

I have a bit of a different view. I don't think it would be embarrassing for the auction house if it didn't sell. I think it would just be that the market hadn't accepted this as a legitimate variety and took it more as an anomaly. If I had the money right now I would have liked to have owned it myself and I think whoever ended up with it did good. I doubt it was the auction house or consignor who bought it back. I think it was a T206 back collector. I have seen more money spent on (to me) less desirable cards many times. But again, that is only my point of view and I am most likely in the minority. Maybe the winner will come forth? I would if I won it, but then again, I am a show-off.

[ullmandds]

I agree with Leon in that Many less desirable cards Have sold for a lot more recently! I will take a blue Old mill Over a red Hindu any day of the week!

[chaddurbin]

Originally Posted by honus94566

Not at all. The fact that it only got 1 bid, and near the end of the auction...

If I personally was able to obtain this card, I would not have any confidence that it would sell for 15K if auctioned again. And we don't know who bought it, if anyone really did end up "buying" it. Not accusing the auction house of anything here, but at the same time I can see why both the consignor and auction house would have a really big incentive to make sure the item does not end without a bid. Especially the auction house. They'd look silly if a flagship item does not sell, sending a message to other potential consigners that higher ticket items might do better elsewhere, and that they misjudged the value of a flagship item so completely as to have the auction end without even a minimum bid. If I owned the auction house I would have a huge incentive to avoid that kind of an embarrassment. Just sayin'.... my point is not to accuse them of anything, but rather, to just say that in my own mind, what I saw play out on the auction (to me) does NOT confirm this card really has a 15K value or would do that well if/when it's auctioned again.

alot of conjecture on your part. you're not accusing them of anything, but you're implying it. a common bidding strategy is to bid toward the end of an auction so your competitor has less time to react. on this card why would you bid 15k during the first week and put a bullseye, announcing to other interested parties that there is a market for it? this is a 1/1 (so far) and fresh to the market so H&S doesn't lose any face by it going unsold, could be a number of factors.

imo the consignor didn't get the 35k, he took a gamble and lost but should still be happy with the price. even if he bought a t206 walsh sgc 30 at its peak it's still a $70-$80 card? he should absolutely be thrilled! reminds me of the board member who turned a $40 tinker uniform double print into 18k in rea. could be wrong but i'm with pete that the card went to a big time whale for his collection (could even be wonka )

[Runscott]

Originally Posted by ullmandds

I totally disagree! This card in my opinion was most likely purchased by a wealthy, hard core t206 backs collector...or curiosities collector...to whom 15K is like a $20 bill...and it will remain in their collection for more than an auction season.

Agreed

[honus94566]

Originally Posted by chaddurbin

alot of conjecture on your part. you're not accusing them of anything, but you're implying it. a common bidding strategy is to bid toward the end of an auction so your competitor has less time to react. on this card why would you bid 15k during the first week and put a bullseye, announcing to other interested parties that there is a market for it? this is a 1/1 (so far) and fresh to the market so H&S doesn't lose any face by it going unsold, could be a number of factors.

imo the consignor didn't get the 35k, he took a gamble and lost but should still be happy with the price. even if he bought a t206 walsh sgc 30 at its peak it's still a $70-$80 card? he should absolutely be thrilled! reminds me of the board member who turned a $40 tinker uniform double print into 18k in rea. could be wrong but i'm with pete that the card went to a big time whale for his collection (could even be wonka )

Yes, it is 100% conjecture. And maybe it's unfair to discuss the possibility that the card sold to someone connected to the consignor or auction house, as the auction got late and it looked like nobody might bid. But, there is a possibility this happened, and I think it should be OK to at least mention this possibility because it is extremely relevant to the discussion of how valuable this card really is. That's all I am trying to say, and yes it is complete and total conjecture.

[g_vezina_c55]

Originally Posted by ullmandds

i totally disagree! This card in my opinion was most likely purchased by a wealthy, hard core t206 backs collector...or curiosities collector...to whom 15k is like a $20 bill...and it will remain in their collection for more than an auction season.

x 2

[brob28]

Originally Posted by Pup6913

By someone bidding on this card it now validifies the pricing. If the auction house or consigner did it then that was wrong and dishonest. I don't think this card will every settle in ones collection too long. It's gonna be the new hobby slut. Passed from one to another getting cheaper and less interesting each time.

I'm not so sure of that. IMO if there were several bidders on the card I would feel comfortable that a market value has been set. Not so much when there was one bidder. Time will only tell if the single bidder did great or overpaid. I'm sure he is comfortable with his chances, or at least hope so.

[Runscott]

Originally Posted by brob28

I'm not so sure of that. IMO if there were several bidders on the card I would feel comfortable that a market value has been set. Not so much when there was one bidder. Time will only tell if the single bidder did great or overpaid. I'm sure he is comfortable with his chances, or at least hope so.

Yep, one bid doesn't mean anything when it comes to market value. I sniped $1,400 for a card last night, but got it for $685. What's the market value?

[ScottFandango]

Originally Posted by honus94566

Not at all. The fact that it only got 1 bid, and near the end of the auction...

If I personally was able to obtain this card, I would not have any confidence that it would sell for 15K if auctioned again. And we don't know who bought it, if anyone really did end up "buying" it. Not accusing the auction house of anything here, but at the same time I can see why both the consignor and auction house would have a really big incentive to make sure the item does not end without a bid. Especially the auction house. They'd look silly if a flagship item does not sell, sending a message to other potential consigners that higher ticket items might do better elsewhere, and that they misjudged the value of a flagship item so completely as to have the auction end without even a minimum bid. If I owned the auction house I would have a huge incentive to avoid that kind of an embarrassment. Just sayin'.... my point is not to accuse them of anything, but rather, to just say that in my own mind, what I saw play out on the auction (to me) does NOT confirm this card really has a 15K value or would do that well if/when it's auctioned again.

Like others have said, I don't think we've seen the last of this card, and would be utterly shocked if we don't see it up for sale in a major auction house sometime in the next 12 months.

ding ding ding we have a winner!

[honus94566]

Originally Posted by ScottFandango

ding ding ding we have a winner!

(takes virtual bow)

[thehoodedcoder]

Originally Posted by Phillies*phan

Well, someone paid $20k for a "only known example" of a Piedmont 350. So it needs to be at least $21K.

yea. what was the deal with that. i saw that also...

any idea who that is or why someone paid that so much for it?

kevin

[t206hound]

The opening bid for the card in Heritage (now open) is $4500, so we shall see what happens here...

[ullmandds]

this blue old mill is back up at auctipon already?!?! got a link...i hate their web site!!!

[t206hound]

Originally Posted by ullmandds

this blue old mill is back up at auctipon already?!?! got a link...i hate their web site!!!

http://sports.ha.com/c/item.zx?saleNo=7085&lotNo=80099

[ullmandds]

thanks eric...42 days remaining?

[t206hound]

Originally Posted by ullmandds

thanks eric...42 days remaining?

yeah... auction was scheduled to open sometime next week (or two weeks). I have some stuff consigned and was shocked to get the email about items opening today.

[thehoodedcoder]

i have noticed they always open early by a week or so.

kevin