Chicago Area Mega Auction 8/26- 8/27

[pingman59]

Originally Posted by quinnsryche

My dad just got back and said no deals to be had. People were paying more than the stuff was worth in most cases. He said someone paid 15K for a case of 1987 Fleer baseball & $2500 for a 1960 Topps baseball set in average condition. I think that says alot about what's going on there.

I was there Saturday and it was the 1984 Fleer Update case that went for $15K. Some big money was there buying what they could and yes, some of the cheaper cases went for a little higher-than-normal prices. Some deals could be had, but generally there was a lot of money in the room pushing up prices.

I thought the auction house ran a good, tight ship. The auction began at noon and ended at 9 pm. It took so long because of the aforementioned practice of auctioning and re-auctioning the individual items of a lot, such as autographed baseballs and the tons of unopened cases/partial cases. It would have gone much quicker to sell a lot 16 autographed baseballs for one money, but that wouldn't have maximized the income for both the consignor and auction house, of course.

I couldn't make it for today, Sunday. I suspect there was a similar pace to the auction today. I can't wait for Saturday September 16th! (I think.)

[Leon]

Originally Posted by pingman59

I was there Saturday and it was the 1984 Fleer Update case that went for $15K. Some big money was there buying what they could and yes, some of the cheaper cases went for a little higher-than-normal prices. Some deals could be had, but generally there was a lot of money in the room pushing up prices.

I thought the auction house ran a good, tight ship. The auction began at noon and ended at 9 pm. It took so long because of the aforementioned practice of auctioning and re-auctioning the individual items of a lot, such as autographed baseballs and the tons of unopened cases/partial cases. It would have gone much quicker to sell a lot 16 autographed baseballs for one money, but that wouldn't have maximized the income for both the consignor and auction house, of course.

I couldn't make it for today, Sunday. I suspect there was a similar pace to the auction today. I can't wait for Saturday September 16th! (I think.)

Thanks for the follow up info.....Seems like sometimes small auctions get more money than big ones, but not usually .

[basesareempty]

Originally Posted by pingman59

I was there Saturday and it was the 1984 Fleer Update case that went for $15K. Some big money was there buying what they could and yes, some of the cheaper cases went for a little higher-than-normal prices. Some deals could be had, but generally there was a lot of money in the room pushing up prices.

I thought the auction house ran a good, tight ship. The auction began at noon and ended at 9 pm. It took so long because of the aforementioned practice of auctioning and re-auctioning the individual items of a lot, such as autographed baseballs and the tons of unopened cases/partial cases. It would have gone much quicker to sell a lot 16 autographed baseballs for one money, but that wouldn't have maximized the income for both the consignor and auction house, of course.

I couldn't make it for today, Sunday. I suspect there was a similar pace to the auction today. I can't wait for Saturday September 16th! (I think.)

If it was a sealed 84 fleer update case, $15k wasn't a bad price if it was a typical 100 set case.

[vintagewhitesox]

I was there Sunday. The better deals were had on Saturday from what I heard. The 84 Fleer Update case was part of a larger lot from what I heard. $14K for that case isnt bad, considering how tough they are.
Other stuff went for pretty healthy prices.
See what happens when you don't have an estate plan in place?

[the-illini]

I was there both days - no real deals to be had IMO. There were a LOT of dealers buying up stuff for their inventory, also some people were paying crazy money for things that they couldn't possibly have done any research on. For example, a lot of 33 Goudeys went for close to 6k counting premium - if there were $2500 worth of cards in the group, I would be surprised.

It was run by a small auction house, but they are very good at their jobs - the auctioneer (Jennifer) is a dynamo - she went all day Saturday running the thing without even taking one break. Super nice people too.

[rats60]

Originally Posted by basesareempty

If it was a sealed 84 fleer update case, $15k wasn't a bad price if it was a typical 100 set case.

There are 50 sets in Fleer Updates. Topps Traded had 100.

[Bkrum]

I was there parts of both days. Saturday seemed to have more high end items than Sunday but there were a ton of items both days. I bought 4-5 lots for my collection but good deals were hard to come by when I was there. You are right about the auctioneer....she kept things on point and flowing as well as she could, a real pro. I'm sure they learned a lot this weekend and will improve the lot makeup in future weeks but they did a great job IMO.

[pingman59]

Originally Posted by rats60

There are 50 sets in Fleer Updates. Topps Traded had 100.

I failed to mention the case of 1984 Fleer Update was opened. All 50 sets were there, fresh as the day they were made. A check of the sets revealed all the big money cards were there. Nothing pulled.

[rats60]

Originally Posted by pingman59

I failed to mention the case of 1984 Fleer Update was opened. All 50 sets were there, fresh as the day they were made. A check of the sets revealed all the big money cards were there. Nothing pulled.

How was the centering? That is the big issue with 84 Fleer. Most are 60/40 - 65/35.

[pingman59]

Originally Posted by rats60

How was the centering? That is the big issue with 84 Fleer. Most are 60/40 - 65/35.

I don't know as I took it on Jennifer's word (the auctioneer) that the money cards were there.

[the-illini]

Some of the Goudey's that were available at the auction are hitting the secondary market.

Bididng is...interesting on these cards. Buyer beware.

http://www.ebay.com/itm/282664126479...84.m1436.l2649

http://www.ebay.com/itm/1933-GOUDEY-...IAAOSw9fRZxX5Z

http://www.ebay.com/itm/1933-GOUDEY-...UAAOSwAj5ZxX2i