the crazy price thread...

[irv]

Originally Posted by rats60

PSA 8 Koufax rookie sold for 18k last night on Ebay/PWCC. Is the hype dying down or have we been seeing false sales?

I posted one that sold for $80,600 then another 8 that sold for $23,000, and now this one sells for $18,000. Hard to say with 100% certainty, but I'd say things are either bursting or we're in a correction period at the moment?

I have also been watching some Mantles, (and others) as of late and it could just be me, but I also believe they are not fetching what they once were just a short time ago?

Originally Posted by 1961 Fleer Guy

Last night PWCC auctioned off a 1969 Lew Alcinder (R) in PSA 9. The population for this card in PSA 9 is 18. The price guide says the card is worth $17,500. The card sold for over $73,000. Does this qualify for crazy price?

Just a guess, but this may have to do with the fact that Basketball cards are far more scarce/rare than what baseball cards are?

With most collectibles such as coins, art, stamps, comic books, etc, etc, their prices are based on rarity rather than popularity imo. Maybe this is what is now happening in the card market too?

[MetsBaseball1973]

Originally Posted by irv

I posted one that sold for $80,600 then another 8 that sold for $23,000, and now this one sells for $18,000. Hard to say with 100% certainty, but I'd say things are either bursting or we're in a correction period at the moment?

I have also been watching some Mantles, (and others) as of late and it could just be me, but I also believe they are not fetching what they once were just a short time ago?



Just a guess, but this may have to do with the fact that Basketball cards are far more scarce/rare than what baseball cards are?

With most collectibles such as coins, art, stamps, comic books, etc, etc, their prices are based on rarity rather than popularity imo. Maybe this is what is now happening in the card market too?

Three Mantles I was watching (just checked to be sure, a PSA 7 '56, a PSA 7 '59, and a PSA 9 '69) all sold the other day in line with the highs. All were really nice looking cards. I had a little war chest to spend but lost on the first two. Congrats to whoever won them.

[irv]

Originally Posted by MetsBaseball1973

Several PWCC Mantles (just checked to be sure, the PSA 7 '56, the PSA 7 '59, and the PSA 9 '69) all sold the other day in line with the highs. All were really nice looking cards. I had a little war chest to spent but lost on the first two. Congrats to whoever won them.

I was watching the PWCC ones, and although the final prices were decent, I suspected, considering the current price craze we are/were all experiencing, that they would sell for a lot more, or at least be on pace with what we have been seeing as of late?
http://www.ebay.com/itm/1952-Topps-M...vip=true&rt=nc
http://www.ebay.com/itm/1952-Topps-M...vip=true&rt=nc

[MetsBaseball1973]

That PSA 1 of that 311 was on target with expectation, I thought nine to ten thousand, a little over the average on VCP.

That PSA 4 actually is a record high on VCP, about 10,000 smackers over the prior sale. Strong I think with the card being accurate to grade but not like anything special.

[irv]

Originally Posted by MetsBaseball1973

That PSA 1 of that 311 was on target with expectation, I thought nine to ten thousand, a little over the average on VCP.

That PSA 4 actually is a record high on VCP, about 10,000 smackers over the prior sale. Strong I think with the card being accurate to grade but not like anything special.

I just thought, based on what we have seen lately with the current, (or maybe now corrected?) price craze, it would have sold for a lot higher?
This one sold over a year ago for not a lot less.
http://www.goodwinandco.com/1952_top...-lot30283.aspx

I have noticed PSA 1's stay fairly consistent or with relatively small increases from time to time.

[MetsBaseball1973]

I guess it all depends on each person's expectations. For me, I see great cards for the grade ticking up steady with random spikes here and there, and so-so cards leveling off.

Forgot that Goodwin has a 4.5 SGC of the 311 that is already at 50,000. And there was the PSA 4 dead center that sold for 67,000. Month ago maybe?
Agree the ones have remained kinda steady as of late. I hope to get a one at 8500 cash maybe soon.

[bobbyw8469]

I posted one that sold for $80,600 then another 8 that sold for $23,000, and now this one sells for $18,000. Hard to say with 100% certainty, but I'd say things are either bursting or we're in a correction period at the moment?

LOL....is this a correction period, or just a simple case of one month of sales from a small group of buyers trying to "pump up" the market that had no legs? I mean, $80,000 for a PSA 8 when, just this past February, this was an $8,000 card???

[1952boyntoncollector]

Originally Posted by bobbyw8469

LOL....is this a correction period, or just a simple case of one month of sales from a small group of buyers trying to "pump up" the market that had no legs? I mean, $80,000 for a PSA 8 when, just this past February, this was an $8,000 card???

i have a feeling that 80k never changed hands on that card.

[begsu1013]

.

[1952boyntoncollector]

Originally Posted by begsu1013

i would have to concur that as well.

but again on the price dips, do your own research.

if you dont think prices dip w all the dealers traveling, folks saving coupled w several other factors....well then, ok.

just looking at the last pwcc auction i see zero dip compared to the auction a month earlier when looking at the 50s rookie cards etc...auctions usually go for more than the 3-5 days than the National takes place so i really dont see it impacting AHs like Golden, Heritage, mile high, which i doubt have auctions that close exactly on the weekend of the National but who knows...

[irv]

Originally Posted by bobbyw8469

LOL....is this a correction period, or just a simple case of one month of sales from a small group of buyers trying to "pump up" the market that had no legs? I mean, $80,000 for a PSA 8 when, just this past February, this was an $8,000 card???

Good question, and I certainly don't know the answer as this is still all fairly new to me, as it turns out.

Originally Posted by 1952boyntoncollector

i have a feeling that 80k never changed hands on that card.

How is this so? Not doubting you at all, I just don't understand, especially since it was sold through an A/H, how money was not exchanged when they list it as sold on their website??

Originally Posted by begsu1013

i would have to concur that as well.

but again on the price dips, do your own research.

if you dont think prices dip w all the dealers traveling, folks saving coupled w several other factors....well then, ok.

Not sure I understand what you are saying?

Since joining this site back in January, I have done my best to try and understand the hobby, learn as much as I can, but I see I still have a long ways to go!

From reading about PSA and how they got started (Trimmed Wagner) to Maestro, battlefield on E-Bay and lots of other shenanigans in the hobby, I will say I am somewhat disheartened by what I am finding out on a regular, almost daily basis.

When I got back into this hobby (was never into like most on here to begin with) I was like a big kid again filled with excitement and enthusiasm to try and get caught back up but the more I find out about the hobby, (the ugly side of it I guess?) the less enthused I become.

[MattyC]

Originally Posted by irv

but the more I find out about the hobby, (the ugly side of it I guess?) the less enthused I become.

I say the same to myself about the human race, from time to time.

It is all in what we choose to hang the lantern on, so to speak.

To a collector, a baseball card is intrinsically a happy, positive thing. So if you're a collector at heart and keep it all about the cards, and tune out the superfluous and the toxic, you'll find the cards make you very happy.

[irv]

Originally Posted by MattyC

I say the same to myself about the human race, from time to time.

It is all in what we choose to hang the lantern on, so to speak.

To a collector, a baseball card is intrinsically a happy, positive thing. So if you're a collector at heart and keep it all about the cards, and tune out the superfluous and the toxic, you'll find the cards make you very happy.

I do too, and far to often, sadly!

I guess I was naive thinking that with baseball cards there would be some sort of childhood innocence/honesty with regards to the hobby, but when money is involved, especially big money, I should have known better and not been so blind with my thinking.

Thanks for the advice!