REA bids - health of the hobby

[ZachS]

So, getting back to the auction... there are a few different previously uncataloged Louisiana issues which has me pretty excited. I love how cards still pop up all these years later.

Oh and my dad is a mechanic and a big Yankees fan (he is originally from NY). He never saw Honus play but I'm pretty sure he could beat up your dad.

[begsu1013]

Originally Posted by ZachS

He never saw Honus play but I'm pretty sure he could beat up your dad.

oh yeah?

well your mama is so fat she broke your family tree!

[ZachS]

Originally Posted by begsu1013

oh yeah?

well your mama is so fat she broke your family tree!

I'm telling Leon!!!

[Yoda]

Maybe if we could get out of somebody's family tree for a moment, I am a bit perplexed about lot 261 in the REA auction, the E98 Matty PSA 2 red bkg, already with 24 bids and a current price of $3500. What am I missing? Is the red particularly scarce? What's going on here?

[ZachS]

Not sure. Looking at some previous sales:

2013 - PSA 1.5 in Heritage - $1,553.50
2015 - SGC 40 in Goodwin - $2,962.80

I guess somebody really wants that card.

[darwinbulldog]

But why? For that kind of money you could pick up a nice E94 common: http://bid.robertedwardauctions.com/...e?itemid=39219

[ZachS]

[Snapolit1]

No interest in any Mantle cards. None.

And the market for his card is very simple. He was the hero to a lot of men who are now in their 50s and older with scads of disposable income. Academy award hosts, bankers, captains in industry. This card is their childhood. And is also appears to be a hell of an investment

[Pilot172000]

Originally Posted by Snapolit1

No interest in any Mantle cards. None.

And the market for his card is very simple. He was the hero to a lot of men who are now in their 50s and older with scads of disposable income. Academy award hosts, bankers, captains in industry. This card is their childhood. And is also appears to be a hell of an investment

I think this is a fair assessment.

[Republicaninmass]

I don't know too many investors who buy at all time highs with no regard for prior sales, collectors however, are a different breed.

[Pilot172000]

Originally Posted by Republicaninmass

I don't know too many investors who buy at all time highs with no regard for prior sales, collectors however, are a different breed.

There is an inherent fear that this may be the last chance a certain collector has at a certain card and that drives the price a good bit.

[MetsBaseball1973]

Originally Posted by Republicaninmass

I don't know too many investors who buy at all time highs with no regard for prior sales, collectors however, are a different breed.

It's funny how the collectors who have done just that have also done wonders from a pure investment standpoint. When VCP past sales histories were being shattered at the start of this latest run, many scoffed at the prices that were then being paid. Now, those prices seem like bargains.

Sometimes one has to look at more than prior sales data, and embrace other variables, in this case how the hobby was evolving in terms of centering and its rarity in certain cards, or the influx of younger collectors now in their early 30's who were boys in the 1980's, etc.

[Snapolit1]

You have no idea in any market where the top is. I thought Google was a stupid purchase at $90 and Amazon a stupid one at $30.

[Pilot172000]

Originally Posted by Snapolit1

You have no idea in any market where the top is. I thought Google was a stupid purchase at $90 and Amazon a stupid one at $30.

This is true, but at what point does the demand truly out distance the supply. I mean prices for a top tier HOF in the mid grades will seem like quality bargains once the 8s,9s and 10s get hoarded up.