Namath RC at 81k?

[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.

[jim]

the underbidder sure looks a little suspicious with all the bid retractions. would not be surprised to see this same card back up for bid in the near future.

what happens if buyer pays right away, PWCC pays the consignor in short manner but the buyer a couple of weeks later decides he doesn't want the card anymore. can the buyer use the ebay return policy time warranty and return the card? hoe tough would it be for the original consignor to have to give PWCC the 85k back? or would ebay tell the buyer tough luck?

[Peter_Spaeth]

Originally Posted by jim

the underbidder sure looks a little suspicious with all the bid retractions. would not be surprised to see this same card back up for bid in the near future.

what happens if buyer pays right away, PWCC pays the consignor in short manner but the buyer a couple of weeks later decides he doesn't want the card anymore. can the buyer use the ebay return policy time warranty and return the card? hoe tough would it be for the original consignor to have to give PWCC the 85k back? or would ebay tell the buyer tough luck?

I am not aware that the value of the card affects eBay's return policy.

[DBesse27]

Namath wasn't even that good.

[Peter_Spaeth]

Originally Posted by DBesse27

Namath wasn't even that good.

Exactly. Strictly in terms of on field performance, it would be like a Duke Snider card being at or near the top of the baseball heap.

[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.