Jumbo Wags back up for sale...the history of the card.

[Bliggity]

Looks like the Jumbo has now eclipsed the Gretzky. Currently sitting at $2.88 million with the juice.

[botn]

Looks like it did well but fell well short of where Goldin estimated.

[ullmandds]

Originally Posted by botn

Looks like it did well but fell well short of where Goldin estimated.

as it usually does

[Stonepony]

Originally Posted by ullmandds

as it usually does

Are you going to follow that jab with a hook?

[botn]

Originally Posted by ullmandds

as it usually does

Agreed. It did remarkably well but the projections of 4 to 5 million were laughable and not to be taken seriously.

[Touch'EmAll]

As it usually does. Hmm, Ok, just curious - the last couple times this or the Gretzky copy went up for sale - what were estimates vs. what they closed?

[steve B]

Originally Posted by 100backstroke

As it usually does. Hmm, Ok, just curious - the last couple times this or the Gretzky copy went up for sale - what were estimates vs. what they closed?

I believe the point wasn't the record of estimates vs final price for those two cards, but rather a commentary on auction houses and their estimates.

Some traditionally try to estimate conservatively, thus being able to both promote how well some items have done against the estimate and set a reasonable expectation with a consignor. Others estimate higher, perhaps to get the consignment initially, and/or to encourage higher bids.

Either can work, unless it's overdone. Estimate too low, and they might miss out on better consignments hurting the business in the long run. Estimate far too high consistently and the same will happen as the business gets a reputation for underperforming. It's a constant balancing act, and probably quite challenging.

Steve B

[e107collector]

Who the heck spent $315,000 on the LeBron James card!!! Unbelievable!!

Tony

[1952boyntoncollector]

Originally Posted by Bliggity

Looks like the Jumbo has now eclipsed the Gretzky. Currently sitting at $2.88 million with the juice.

For that type of card i wonder how much of that buyers premium the consignor is able to retain back from the auction house...if BP was 20% is it an industry standard for around 18% of that going back to the consignor with the AH only getting 2 percent plus costs etc? Its not like i will ever have that type of card to find out

[Touch'EmAll]

Actually, yes, shocked the Jumbo didn't go higher - bad guess, oh, well. Perhaps I was still in that crazy June high market mindset. The Rose, Ryan and Reggie Jackson fell noticeably below estimate - again perhaps well below what we would have seen if this auction was back in June. Positive note - a lot of pre war did very respectable.