3 Ty Cobb Lucky 7's just showed up on EBay.

[Peter_Spaeth]

There are people now buying cards to whom these sums are not that big a deal. If their ego tells them they want one, for bragging rights, then the money is almost incidental. They aren't sitting there poring over VCP or other evidence of price history. What matters is getting there before someone else does.

[iwantitiwinit]

Originally Posted by Peter_Spaeth

There are people now buying cards to whom these sums are not that big a deal. If their ego tells them they want one, for bragging rights, then the money is almost incidental. They aren't sitting there poring over VCP or other evidence of price history. What matters is getting there before someone else does.

I agree.

[irishdenny]

Originally Posted by rhettyeakley

Peter, I think we understand Whales just fine and know that sometimes people pay crazy prizes for things.

Given all the circumstances, past sales figures, etc. it really just defies logic to me that a card, like Dan said, would multiply in price many times while the known population just increased by 50% with a single find. Where did the 1-2mil price even come from? Did the seller just pull that # out of thin air as there is no precedent for THAT card to get THAT money.

Honestly, it doesn't bother me one bit if someone spent that or not and everyone keeps running saying things like you just did that they "know" it happened (I guess I need to find richer hobby friends to hang out with ) & I have no real reason to doubt it I guess but I am really having a hard time understanding the "why." I understand better the nicest going for a lot but the other 3 that supposedly sold are the ones that really leave me scratching my head as to why.

Originally Posted by Peter_Spaeth

There are people now buying cards to whom these sums are not that big a deal. If their ego tells them they want one, for bragging rights, then the money is almost incidental. They aren't sitting there poring over VCP or other evidence of price history. What matters is getting there before someone else does.

I'm a wee bit skeptical... I can see these cards of Mr. Cobb to of played out in both scenarios'. However, bein aware of the scenarios' brings me to a thought, "If Stupid Money is a miss, then why not "WANT" the Highest Graded fir Braggin Rights?"
Honestly, logic seems to lean towards the probable... not the improbable. Unless, The whales are grabbing what they can when then Can!? And if that's the case, then why is the $1M Card Still on ebay...? Maybe The Whales Now Feel the Play? Or Maybe Now They Even Feel Play'd!? oR Even Both!

In Any Case... People with "Stupid Money" Always seem ta do Stupid things with their Money... Thus the "Whale Theory"
And we know that just because a Card is bought fir $150k more taday then 18 months ago, surely doesn't mean that that card will sell fir that price ta Auction tomorrow.

[Jdoggs]

Beautiful cobbs for sale on eBay!

[Wildfireschulte]

So the PSA 2.5 is listed as BIN for $500,000. What do the experts think it is worth? I was originally thinking +/- $150,000.

[Leon]

Originally Posted by Wildfireschulte

So the PSA 2.5 is listed as BIN for $500,000. What do the experts think it is worth? I was originally thinking +/- $150,000.

Not an expert but I would think more in the 300k-350k range but who knows....I think the 2.5 with the crease (top here) goes for less than the other one....

http://www.ebay.com/itm/1909-11-T206...oAAOSwAuNW4P2q

http://www.ebay.com/itm/1909-11-T206...UAAOSwZ8ZW6~Mt

http://www.ebay.com/itm/1909-11-T206...0AAOSw2ENW6~WC


.

[rats60]

Originally Posted by Wildfireschulte

So the PSA 2.5 is listed as BIN for $500,000. What do the experts think it is worth? I was originally thinking +/- $150,000.

The last PSA 1 sold for 150k, so no a 2.5 is not worth +/- 150k. Also consider before this find, there was one PSA 3 and everything else was 2 or less, so there are only 3 graded higher. I think 300-400k and the 3.5 being second highest grade, 600-800k. If these were auctioned, they would probably go at the low end, especially on the 2.5s, since there are 4 of them. However, since the seller has a monopoly on a very desirable card, he is smart to overprice them a little and take offers to max his profit.