Heritage Results

[Beastmode]

Originally Posted by T206Collector

That's exactly the point - that there is this much money being committed without that minimum level of transparency is shocking to me. I would bet that transparency of the process would actually diminish the value of the product being sold -- why else would they hide it?

Transparency of the grading process, or the subjectivity of such, is not the elephant in the room. How they authenticate older cards is.

What techniques and tools is PSA using to stay one step ahead of the counterfeiters? This process needs to be transparent, because it will lend credibility to the PSA brand.

[bnorth]

Originally Posted by Beastmode

Transparency of the grading process, or the subjectivity of such, is not the elephant in the room. How they authenticate older cards is.

What techniques and tools is PSA using to stay one step ahead of the counterfeiters? This process needs to be transparent, because it will lend credibility to the PSA brand.

I am as big a PSA hater as the next guy but I 100% disagree with the above statement.

All adding transparency to how they authenticate cards will do is make the card doctors/counterfeiters better. It would let them know what they could and couldn't get away with.

[Exhibitman]

When prices hit that sort of level for a card that is easily found in beautiful condition, it doesn't seem reasonable. And what happens when the handful of guys who can afford to spend $717,000 on a card get tired of comparing pee-pees with baseball cards as the ruler?

Does anyone really think that a 1963 Rose is a good investment at $717,000? If so, I'd love to hear your rationale.

[pokerplyr80]

Personally I think that Rose at 700k is a great investment. I can't afford it, but it's the only one ever to receive that grade. There are plenty of collectors out there with a lot of money to spend. Rare cars and paintings have sold for 10s of millions before and continue to rise in value. Books, comics, coins, guns, pretty much anything that is collected big premiums are paid for examples that have survived in perfect condition.

For a guy who spends 50 mil on a rare vintage Ferrari, or 100 mil for a Van Gogh, what's 1 or 2 mil for the only perfect Rose, Ryan, Mantle, etc RC?

[SAllen2556]

Originally Posted by pokerplyr80

For a guy who spends 50 mil on a rare vintage Ferrari, or 100 mil for a Van Gogh, what's 1 or 2 mil for the only perfect Rose, Ryan, Mantle, etc RC?

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

[nrm1977]

Originally Posted by SAllen2556

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

I concur!!

[bnorth]

Originally Posted by SAllen2556

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman.

If you ever seen the tulip fields in the Netherlands you would understand. Ok maybe not but they are beautiful beyond belief.

[pokerplyr80]

Originally Posted by SAllen2556

You're really comparing a piece of cardboard graded by a (censored) to a Ferrari?
It's a crazy world we live in. I would love to meet one of these people and try to understand the thought process of 700k for a cheap piece of cardboard with a crappy photo on it.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. Now it's Rose mania.

Not directly. I'm just saying that collectors who can afford a 50 mil Ferrari probably see baseball cards a little different than you or I do. Someone else asked if anyone thought the Rose was a good investment at 700k, and if so, why. I do feel it was a good buy. If it ever sells publicly again this sale will look like a bargain.

[iwantitiwinit]

Originally Posted by pokerplyr80

Not directly. I'm just saying that collectors who can afford a 50 mil Ferrari probably see baseball cards a little different than you or I do. Someone else asked if anyone thought the Rose was a good investment at 700k, and if so, why. I do feel it was a good buy. If it ever sells publicly again this sale will look like a bargain.

I don't see it. How many people do u think value a rose that high not many in my opinion. To garner a return I would think there would have to be several willing to pay 500k plus. I just honestly can't see that much chasing baseball cards. There has to be near 100 million in high grade cards purchased over the past 4-5 months. Even if it's an investment fund can't see that they have been seeded with much more. As for individuals even if you have 500 million in the bank i would be surprised if you allocate say 20 million to purchasing cards. A Ferrari is different it's a true object of desire for wealthy individuals world wide, the number of individuals willing to pay say 10 million for a single vehicle creates a sustainable supply/demand situation. If a fund is purchasing these cards I hope they have high and lengthy gates, they will find liquidity difficult if there are redemptions and when that happens you don't want to be the last one in