Namath RC at 81k?

[jefferyepayne]

Originally Posted by Peter_Spaeth

The irony for me is that Namath is barely a top ONE HUNDRED football player. He would not make any serious critic's list of 10 top QBs. It's absurd.

Yes but that card is often considered one of the top ten football cards of all time ....

[pokerplyr80]

According to VCP a couple of years ago 8s sold for 6, 7, and 9k and 8.5s sold for about 16k. The last 8 went for 37 and if and 8.5 is still going for more than double an 8 it's in line at the same ratio. That being said, a 500% increase in two years is pretty crazy, but follows the recent trend of key baseball RCs in PSA 8 and up.

[Rookiemonster]

This is the 1952 topps mantle of football cards . Both have a scarcity legend around them. They both depict New York legends. It show the power of simply being a pop culture icon can do. Because as Peter stated Mantle was a far better baseball player then Nameth was a football player.

Now I'm to young to have seen any one of these guys. I grew up it a house that was New York teams as the favorite. I heard more about Namath then Mantle . I grew up with my grandparents,we were all Giants fans.so I guess there must have been something about him back then.

[jim]

He is arguably a top 100 player, but he is certainly a top 5 - 10 football icon. Brought the AFL on par with the NFL. I would also argue he brought more non football people's attention to the sport than anyone else.

[TanksAndSpartans]

I started a thread about the Namath card too: http://www.net54baseball.com/showthread.php?t=204243

Not that I look to this hobby for income, but if I ever bought a card for 16K, it would probably drop in value - someone might be getting a huge return here...

I wonder if when the TPGs started anyone anticipated... I don't know what to call it - it's kind of a "contrived scarcity". In theory a card that isn't really scarce at all could sell at a huge multiple as long as its the highest graded or among the highest graded. it reminds me a little of the Dmitri Young collection - I don't know the exact figures, but I recall reading some of those cards were around $100 in the PSA 8 grade (which is a pretty good grade), but his 10s sold for a heck of a lot more.

[pokerplyr80]

Originally Posted by DezHood

I started a thread about the Namath card too: http://www.net54baseball.com/showthread.php?t=204243

Not that I look to this hobby for income, but if I ever bought a card for 16K, it would probably drop in value - someone might be getting a huge return here...

I wonder if when the TPGs started anyone anticipated... I don't know what to call it - it's kind of a "contrived scarcity". In theory a card that isn't really scarce at all could sell at a huge multiple as long as its the highest graded or among the highest graded. it reminds me a little of the Dmitri Young collection - I don't know the exact figures, but I recall reading some of those cards were around $100 in the PSA 8 grade (which is a pretty good grade), but his 10s sold for a heck of a lot more.

A few of the key late 70s and early 80s RCS fall into this category. Brett, Yount, Ozzie Smith, Rickey Henderson, Rice, Montana etc. 8s worth a couple hundred. 10s worth 10-30k depending on the card. Contrived or not people are willing to step up when the population is low.

[jefferyepayne]

People should ask each other questions like this:

Which is more likely to appear in the hobby in the next 10 years: ten more PSA 6 1952 Topps Mickey Mantles or 10 more PSA 8.5 1965 Topps Joe Namath's? With this Namath sale, they will be roughly at the same value.

The problem with population-based scarcity is that the value only holds up (relative to other similar cards) if the population stays low. My bet is that in general, the older the card, the more likely the population stays lower. As card prices for newer cards blast off, more and more people will be digging through their possessions looking for these cards.

jeff

P.S. Still agree that high grade Namath's will do very well in the future for all of the reasons mentioned by others. It is an iconic card as is the Mantle.

[Peter_Spaeth]

Originally Posted by pokerplyr80

A few of the key late 70s and early 80s RCS fall into this category. Brett, Yount, Ozzie Smith, Rickey Henderson, Rice, Montana etc. 8s worth a couple hundred. 10s worth 10-30k depending on the card. Contrived or not people are willing to step up when the population is low.

The way I view it the labels are independent commodities because the cards inside are virtually indistinguishable.

[Peter_Spaeth]

Originally Posted by jefferyepayne

Yes but that card is often considered one of the top ten football cards of all time ....

I know, perfect storm -- tall boy, short print, New York, the Super Bowl win, the personality. Still.