New Negro League memorabilia collector(s) in the market?

[Topnotchsy]

Originally Posted by bcbgcbrcb

You’re exactly right, Scott. However, it came to light afterwards that the vast majority of those Hakes items that you mentioned all wound up in one collection. This collection was subsequently sold at Christie’s in two separate installments over 2016 and 2017.

I hope the seller at Christie's wasn't too disappointed. I felt like many of the listings were done extremely poorly. I was glad to pick up a couple of items (Perucho Cepeda contracts and Alejandro Oms signed passport) but felt like if I had been the consignor I would not have been thrilled.

[aljurgela]

Originally Posted by Topnotchsy

I hope the seller at Christie's wasn't too disappointed. I felt like many of the listings were done extremely poorly. I was glad to pick up a couple of items (Perucho Cepeda contracts and Alejandro Oms signed passport) but felt like if I had been the consignor I would not have been thrilled.

I ended up with a lot of the items that I missed the first time around. Most were at discounts to what they went for at Hake's!... which was great for me (and most others as well)... I think that the consignor took a bit of a bath, but given the league and $ involved, I doubt that it really "matters" too much to someone with those deep pockets to start that collection in the first place.

[bcbgcbrcb]

You got it, Al. Kinda takes the challenge out of collecting when you can just buy everything that you want, no matter what the cost.

Based on what I read in the news before the first Christie's auction, the items were owned and consigned by a not-for-profit museum. It wasn't mentioned, and I truly wonder, how much of those funds that were spent accumulating that collection were grants from Major League Baseball and the like. That would make it all the more troubling, especially for those bidders competing against the whale and always coming up on the short end of the stick.

[sphere and ash]

Originally Posted by bcbgcbrcb

You got it, Al. Kinda takes the challenge out of collecting when you can just buy everything that you want, no matter what the cost.

Based on what I read in the news before the first Christie's auction, the items were owned and consigned by a not-for-profit museum. It wasn't mentioned, and I truly wonder, how much of those funds that were spent accumulating that collection were grants from Major League Baseball and the like. That would make it all the more troubling, especially for those bidders competing against the whale and always coming up on the short end of the stick.

The collector behind the sale is the son of George Roberts, the co-founder of Kohlberg Kravis Roberts (KKR). The father is worth over $5 billion. I doubt any outside funds were raised. Christie's relationship with George Roberts is the only reason it took the consignment.

[aljurgela]

Originally Posted by sphere and ash

The collector behind the sale is the son of George Roberts, the co-founder of Kohlberg Kravis Roberts (KKR). The father is worth over $5 billion. I doubt any outside funds were raised. Christie's relationship with George Roberts is the only reason it took the consignment.

Wow... that is some big time coin!!! No wonder why I lost most of the pieces that I wanted!

[icollectDCsports]

Can someone provide a link to the auction results? Thanks

[h2oya311]

Originally Posted by icollectDCsports

Can someone provide a link to the auction results? Thanks

Round 1 (2016) - https://www.christies.com/SaleLandin...d=1&saletitle=

Round 2 (2017) - https://onlineonly.christies.com/s/g...categories/374

Round 1 referenced a National Pastime Museum. I guess when you have a $5B net worth father, you can call your collection a museum if you want. The collection still sold for $10s of millions. I overpaid for a few items in both rounds, but there were certainly bargains in each.