Guess The Hammer Price 1952 Mantle

[irv]

Originally Posted by GasHouseGang

I wonder if the new owner will try to cross it to PSA and flip it again? Did that card really finish at $137K less than the PSA example? Ouch!

Ouch is right!

I don't have the auction links nor any prior info, but did both SGC cards lose money compared to previous sales?

[rats60]

Originally Posted by irv

Ouch is right!

I don't have the auction links nor any prior info, but did both SGC cards lose money compared to previous sales?

The one sold in the latest Goodwin auction was a loss. The consignor lost 224.00 + shipping plus whatever Goodwin made (20%?).

[irv]

Originally Posted by rats60

The one sold in the latest Goodwin auction was a loss. The consignor lost 224.00 + shipping plus whatever Goodwin made (20%?).

Thanks, Rats60. Guess it could have been a lot worse, but I believe that is the first time I have heard about someone losing money on a 52 Mantle.

[MattyC]

Don't assume the card "sold" the first time around.

[irv]

Originally Posted by MattyC

Don't assume the card "sold" the first time around.

True. I learned that with the $80,000 Koufax and the $150,000 Rose.

Still don't know how it all works or what is all involved with this, but it definitely creates confusion.

[1952boyntoncollector]

Originally Posted by irv

True. I learned that with the $80,000 Koufax and the $150,000 Rose.

Still don't know how it all works or what is all involved with this, but it definitely creates confusion.

Right after the auction they always say 'sold' or something to the effect of the final sales price even though never got payment yet....i would think it would not look good to an AH to announce that a winning bidder on a 200k card did not pay because in future auctions people may not be willing to offer highest dollar when there are some bidders that are competing with dont actually pay..

[irv]

Originally Posted by 1952boyntoncollector

Right after the auction they always say 'sold' or something to the effect of the final sales price even though never got payment yet....i would think it would not look good to an AH to announce that a winning bidder on a 200k card did not pay because in future auctions people may not be willing to offer highest dollar when there are some bidders that are competing with dont actually pay..

So what happens to those who bid/win but don't pay?

I would also assume, after some time has passed, that the A/H corrects the sold price to that of what the underbidder bid?

Just thinking? What would happen, with the unbidder thinking he didn't win, all of a sudden being told he told? Is he now obligated to purchase the card? What if he spent his money elsewhere before he found out? What happens in that case?