REA Results and "The Market"

[bcbgcbrcb]

Gary:

I would be in the market for one if the minimum bid were $10,000. Of course, if there were any other interested bidders, I would probably be out of the market pretty quickly........

[cyseymour]

I was impressed with the results for the Bid McPhee and Mickey Welch OJ's. They drew excellent prices overall. 25k for the Welch SGC 84 was a strong price, though deservedly so. Same for the Bid McPhee cards. Considering that prices had been depressed on Bid McPhee recently, they did very well. The high grade McPhee went for 10k and the PSA 2 went for 7k. Prices were more moderate for the OJ's without strong images, but overall things were strong in OJ-land after depressed results for the last six months from the Dreier Collection being liquidated.

[smtjoy]

I felt prices were strong but not crazy. I thought the Ruths, Pirate's and a few others were very strong and at the other side I felt the zeenuts (might have been from there being so many offered) and M101-4/5 other than Ruths went a little low.

I bid on 38 lots and only won 1

[CMIZ5290]

This card went for an astronomical figure. It was obviously hacked top to bottom, hardly any borders top and bottom, and it was even disclosed by REA (to their credit). I wouldn't have paid $1500 for it.......

[CMIZ5290]

T206 Al Burch was a fantastic value at $2350, Wildfire Schulte for $3100 was also a solid buy, IMO......

[bcbgcbrcb]

James:

You are saying that a consignor has the right to do whatever they want with "their" item even after entering into a contract to auction it with a house?

[ullmandds]

Had I known I could do that...I'd have pulled my RC Lowdy!!!!

[Wymers Auction]

Originally Posted by bcbgcbrcb

James:

You are saying that a consignor has the right to do whatever they want with "their" item even after entering into a contract to auction it with a house?

No, not at all Phil. I do not think it is right for them to back out, but legally it is a losing situation to try and make them sell their items.

[CW]

While I can't comment on the overall auction results, or the overall market for certain sets, I did follow a few auctions closely and noted some interesting results in a few areas...

The Boston Garter uncut panel of 4 received no bids during extended bidding, if I recall correctly. Just thought it was interesting that such a high profile item within the auction did not have a heated bidding war in the wee hours of the morning.

The market for T206 freaks proved strong once again as the miscut T206 Mickey Doolin sold for a strong price ($9,480). Although I'm no freak expert, I thought the group of four "printing anomalies" with very cool ghost backs was a comparative bargain, considering you got four cards, one of which is a HOFer, and the ghost backs look cooler than a miscut, in my freakish opinion.

One card that seems to be on many wantlists, the 1914 Cracker Jack Ty Cobb, earned a strong price, although it was a sharp SGC 10 if you could look past the pinholes. The card sold for just over $5300.

This REA auction featured a total of four T3 Turkey Red Ty Cobb cards, and once again we saw collectors paying higher prices for the better card, not necessarily the higher grade, as this PSA 4.5 sold for a bit more than this PSA 5. Both sharp cards, with the 4.5 looking a touch better overall. The two lower grade T3 Cobbs, both SGC 20s (1.5s), earned differing closing bids, again with the better looking card getting $500 more with BP, despite both cards having the same technical grade from SGC (link and link).

And finally, I'm not sure what this says about the market for N43 Buck Ewings, but the REA SGC 50 example had a strong closing bid at just over $5K. The card was typical for the grade, but the price was surprising considering the same card in the same grade just sold at Heritage for around $2900, and a PSA 5 was shipped to the winning bidder in the most recent Goodwin & Co. auction for $4,193.56. If nothing else, these varying prices over just a couple months just reiterate what we all knew -- REA gets some of the best prices in the AH venue.

[Bosox Blair]

Originally Posted by CW

And finally, I'm not sure what this says about the market for N43 Buck Ewings, but the REA SGC 50 example had a strong closing bid at just over $5K. The card was typical for the grade, but the price was surprising considering the same card in the same grade just sold at Heritage for around $2900, and a PSA 5 was shipped to the winning bidder in the most recent Goodwin & Co. auction for $4,193.56. If nothing else, these varying prices over just a couple months just reiterate what we all knew -- REA gets some of the best prices in the AH venue.

I was an underbidder (and maybe "the" underbidder) on the Goodwin N43 Ewing in a 5...gorgeous card, which I thought sold for fair value. I thought the REA one was way high.

Cheers,
Blair

[Matthew H]

Originally Posted by cyseymour

I was impressed with the results for the Bid McPhee and Mickey Welch OJ's. They drew excellent prices overall. 25k for the Welch SGC 84 was a strong price, though deservedly so. Same for the Bid McPhee cards. Considering that prices had been depressed on Bid McPhee recently, they did very well. The high grade McPhee went for 10k and the PSA 2 went for 7k. Prices were more moderate for the OJ's without strong images, but overall things were strong in OJ-land after depressed results for the last six months from the Dreier Collection being liquidated.

The Drier OJs weren't very nice. I thought they sold for what they should. Their OJs looked like they bought whatever was available without regard to eye appeal. I only bought 2 of their cards and aside from the Brooklyn minis, I can't think of any card I missed out on. The McPhee cards REA had were the nicest I've seen since I've been looking at OJs. BTW, did you get one? They seemed like your cup of tea.

[cyseymour]

Originally Posted by Matthew H

The Drier OJs weren't very nice. I thought they sold for what they should. Their OJs looked like they bought whatever was available without regard to eye appeal. I only bought 2 of their cards and aside from the Brooklyn minis, I can't think of any card I missed out on. The McPhee cards REA had were the nicest I've seen since I've been looking at OJs. BTW, did you get one? They seemed like your cup of tea.

Nope, didn't get anything for the second consecutive year. I did like the PSA 2 McPhee, though. Very cool card.