REA bids - health of the hobby

[MVSNYC]

Question...Just to confirm something posted above...

Two 52 Mantles (PSA 9) sold recently, each for $3M+?

[bobfreedman]

Originally Posted by MVSNYC

Question...Just to confirm something posted above...

Two 52 Mantles (PSA 9) sold recently, each for $3M+?

Yes, that is what I was told from a very reliable source.

[Dpeck100]

Looking at the liner notes in the SMR there has to be some collectors that just cringe looking at current prices.

From SMR


Mantle PSA NM-MT 8's sold for $62,338/$56,670 in 2004, $63,693 in 2005, $66,887 and $72,057 in 2006 and $112,800/$98,177 in 2008


Ouch.


I do see they raised the Mantle in a PSA 9 to 1.3 million.

[irv]

Originally Posted by T206Collector

It is hard to ignore the market, but every once in awhile it gives me nausea to consider the irrationality of a market for little pieces of cardboard with baseball players on them that carry little to no value in any other part of the world, and are not directly correlated to any form of universal currency like gold. It's like art, I guess, and I seem to calm down more when I think of it as so. Picasso may be hot today, but maybe in 50 years people will think he is crap - another totally irrational market.

Back 20+ years ago I heard the Japanese were big time collectors of American BB cards.

Not sure if that was true then but with their love for BB as well, I can't help but to think, maybe there was some truth to it?

Not sure today, (if the story was true) if they still are, but if they are not, then what happened?

[bobfreedman]

I have been told that I reported inaccurate numbers, so therefore, I am retracting my last post and I apologize for my inaccuracies

[MVSNYC]

Yeah, sounded a little high to me.

[Republicaninmass]

Makes wags seen like a steal, and it hasn't moved in a while