'52 Topps Mick SGC 4 Fireworks - Hits $54,900

[1952boyntoncollector]

Originally Posted by botn

Hard to know what to conclude other than prices for the 52 Topps Mantle have come down. The SGC 86 and the PSA 6 sold in the auction tonight for significantly less than the exact cards had recently sold for.

i would think if you buy a card today for 30k..and sell it next week you would be lucky get someone to also pay a total of 30k with the buyers premium....afteralll whoever bought the card first was the highest bidder out there and its not like the card was a secret to find in a major auction house. Selling a few years later and losing money to me (more than 20%) means a lot more significant that selling in a year...others can disagree

[botn]

Originally Posted by 1952boyntoncollector

i would think if you buy a card today for 30k..and sell it next week you would be lucky get someone to also pay a total of 30k with the buyers premium....afteralll whoever bought the card first was the highest bidder out there and its not like the card was a secret to find in a major auction house. Selling a few years later and losing money to me (more than 20%) means a lot more significant that selling in a year...others can disagree

Well in the case of the SGC 86 in Oct 2016 the card sold for roughly 141K plus the juice whereas the other night it sold for 112K plus the juice. That is several bids off so interest has definitely diminished.

As for the PSA 6, it sold almost a year ago for 85K plus the juice whereas the other night it only went for 67K plus the juice, several bids off from the previous sale.

Neither sale was the next week and the difference between what the consignor paid for each of these cards and what they got for them was much greater than a 20% swing.

[1952boyntoncollector]

Originally Posted by botn

Well in the case of the SGC 86 in Oct 2016 the card sold for roughly 141K plus the juice whereas the other night it sold for 112K plus the juice. That is several bids off so interest has definitely diminished.

As for the PSA 6, it sold almost a year ago for 85K plus the juice whereas the other night it only went for 67K plus the juice, several bids off from the previous sale.

Neither sale was the next week and the difference between what the consignor paid for each of these cards and what they got for them was much greater than a 20% swing.

still we are talking about a year ago which isnt long when talking about a 50k card. If i bid on a card and lost by one bid which was a few k and i was the highest underbidder, i know i wouldnt bid higher. So another bidder would have to come out of the woodwork who probably already knew about the other sale.

Im guessing that the person that consigned the card a year earlier had the card for more than a year. Selling a 40k card in a year to me is a flipper. Again we are talking about the within a range that the sky isnt falling as opposed to ON FIRE analysis. If you can find that the card sold for more prior to that year old sale that would be interesting. Hertiage for example i believe reduces the juice on the consignor if they bought the card at their auction previously.

Also we dont know what arrangement on that juice was...if the seller was able to keep 10% of the juice the consignor lost within the 20% range. When you buy and driive a new car off the lot you lose a few k at least on a 50k dollar car.

[MetsBaseball1973]

The standouts in any grade will always do just fine:

https://sports.ha.com/itm/baseball/1...umbnail-071515

[Peter_Spaeth]

yes indeed

[Leon]

It seems to me the higher the value (amount) the higher the risk and reward. Many collectors can play it safer towards the lower end and still come out ok even if not completely whole. Find a great looking 20k Mantle, in lower grade, and you won't lose too much when you sell it, if anything. Buy a 125k card, which has other comparables and has risen a ton recently, and there can be a swing much larger than the cost of the great looking, 20k Mantle. Spinning the wheel is about right.

And I should add one other thought. At the top of the scale of '52 Mick's, in an 8 or better, that market could still have a ways to go. There seem to be more people with a cool half million to spend than there are cards to be had. Time will tell....

Originally Posted by 1952boyntoncollector

still we are talking about a year ago which isnt long when talking about a 50k card. If i bid on a card and lost by one bid which was a few k and i was the highest underbidder, i know i wouldnt bid higher. So another bidder would have to come out of the woodwork who probably already knew about the other sale.

Im guessing that the person that consigned the card a year earlier had the card for more than a year. Selling a 40k card in a year to me is a flipper. Again we are talking about the within a range that the sky isnt falling as opposed to ON FIRE analysis. If you can find that the card sold for more prior to that year old sale that would be interesting. Hertiage for example i believe reduces the juice on the consignor if they bought the card at their auction previously.

Also we dont know what arrangement on that juice was...if the seller was able to keep 10% of the juice the consignor lost within the 20% range. When you buy and driive a new car off the lot you lose a few k at least on a 50k dollar car.

[botn]

Originally Posted by Leon

It seems to me the higher the value (amount) the higher the risk and reward. Many collectors can play it safer towards the lower end and still come out ok even if not completely whole. Find a great looking 20k Mantle, in lower grade, and you won't lose too much when you sell it, if anything. Buy a 125k card, which has other comparables and has risen a ton recently, and there can be a swing much larger than the cost of the great looking, 20k Mantle. Spinning the wheel is about right.

And I should add one other thought. At the top of the scale of '52 Mick's, in an 8 or better, that market could still have a ways to go. There seem to be more people with a cool half million to spend than there are cards to be had. Time will tell....

I tend to agree with you about the 8 or better possibly having room to grow. I think the entire high or higher end market has room to grow, not that this is necessarily a great investment opportunity because it is more thinly traded. Prices having come down on the lower grades over the last 6 months has more to do with a desperately needed correction of a market fueled by momentum and manipulation. Because a certain card in a 9 went up should not mean that a much more plentiful 7 should too however I know that is not a popular opinion with the resident spinners.

[irv]

Originally Posted by MetsBaseball1973

The standouts in any grade will always do just fine:

https://sports.ha.com/itm/baseball/1...umbnail-071515

For sure!

Just a guess, but can the current low/lull not be attributed to the time of the season?
I mean Christmas bills are flowing, tax season is coming up (For us Nooks anyways) it's the off season, etc, etc?

I know last summer was an anomaly with exceedingly high prices and we seen the correction/bubble burst in the fall, so comparing apples to apples instead of last summer, have the prices really come down that much?

Noticed these 3 tonight on PWCC and I thought they received fairly decent bids pretty early in the auction? (8 days yet to go)
Not speculating, but maybe, now that people are getting out of their Christmas bills, etc, things may be starting to pick up again?
http://www.ebay.com/itm/1952-Topps-M...EAAOSwopRYjjg7
http://www.ebay.com/itm/1952-Topps-M...sAAOSwNnRYjjhK
http://www.ebay.com/itm/1952-Topps-M...wAAOSwjDZYjjhL

[Republicaninmass]

An sgc 4 for 12.5k? Buy the holder

Edited: thought the card had closed!

[Canofcorn]

This "fireworks" thread was started at the exact same time last year. So the time of year probably doesn't matter. People dropping that kind of coin aren't affected by Christmas shopping.

eBay is a shillers paradise I would never trust those prices.
Anybody can bid and retract with no recourse

[1952boyntoncollector]

Originally Posted by botn

I tend to agree with you about the 8 or better possibly having room to grow. I think the entire high or higher end market has room to grow, not that this is necessarily a great investment opportunity because it is more thinly traded. Prices having come down on the lower grades over the last 6 months has more to do with a desperately needed correction of a market fueled by momentum and manipulation. Because a certain card in a 9 went up should not mean that a much more plentiful 7 should too however I know that is not a popular opinion with the resident spinners.

I agree...for many cards its an exponential jump in price between a 'key' grade

For t206 green ty cobbs the 'key' grade would be in a '5' for the 52 mantle, it may be in an '8'...

[Leon]

My hypothesis is correct so far on my '52 selling in PWCC. At this point it is about 20% higher than the SGC 50 (4) and I believe it is because the 2.5 has better eye appeal (I am biased but it does). It might not end that way but that is the way it is now. I absolutely agree there is more volatility the higher grade you go. For collectors I think the 20k range is a safe bet on a great looking, but technically lower grade Mick. If someone pays 125k for Mick in a 6 holder....the next sale could easily be for more or less than the whole value of a great looking 2.5.....

Originally Posted by botn

I tend to agree with you about the 8 or better possibly having room to grow. I think the entire high or higher end market has room to grow, not that this is necessarily a great investment opportunity because it is more thinly traded. Prices having come down on the lower grades over the last 6 months has more to do with a desperately needed correction of a market fueled by momentum and manipulation. Because a certain card in a 9 went up should not mean that a much more plentiful 7 should too however I know that is not a popular opinion with the resident spinners.

[1952boyntoncollector]

Originally Posted by Leon

My hypothesis is correct so far on my '52 selling in PWCC. At this point it is about 20% higher than the SGC 50 (4) and I believe it is because the 2.5 has better eye appeal (I am biased but it does). It might not end that way but that is the way it is now. I absolutely agree there is more volatility the higher grade you go. For collectors I think the 20k range is a safe bet on a great looking, but technically lower grade Mick. If someone pays 125k for Mick in a 6 holder....the next sale could easily be for more or less than the whole value of a great looking 2.5.....

SGC 4 is really a PSA 3ish (value wise) and yours is a psa 2.5...going to be interesting....i havent seen the sgc 4 card yet..

[1952boyntoncollector]

Originally Posted by Leon

My hypothesis is correct so far on my '52 selling in PWCC. At this point it is about 20% higher than the SGC 50 (4) and I believe it is because the 2.5 has better eye appeal (I am biased but it does). It might not end that way but that is the way it is now. I absolutely agree there is more volatility the higher grade you go. For collectors I think the 20k range is a safe bet on a great looking, but technically lower grade Mick. If someone pays 125k for Mick in a 6 holder....the next sale could easily be for more or less than the whole value of a great looking 2.5.....

You were right on that range..19k and change for the 2.5...congrats..