10K for a Young portrait in a 5

[Leon]

Originally Posted by Peter_Spaeth

Perhaps, but it's never happened before, apparently. Many of these prices smashed all records. These surely aren't the first examples of very nice for the grade T206s.

More collectors are coming to their senses and collecting cards and not flips?

[Peter_Spaeth]

Originally Posted by Leon

More collectors are coming to their senses and collecting cards and not flips?

That explanation was given in 2016 too, FWIW.

[Leon]

Originally Posted by Peter_Spaeth

That explanation was given in 2016 too, FWIW.

It was important then and more important now . And I think we have been saying buy the card and not the holder since the Gretzky Wagner was graded.

[bounce]

Originally Posted by Peter_Spaeth

That explanation was given in 2016 too, FWIW.

Originally Posted by Leon

More collectors are coming to their senses and collecting cards and not flips?

Originally Posted by Leon

It was important then and more important now . And I think we have been saying buy the card and not the holder since the Gretzky Wagner was graded.

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

[ullmandds]

Originally Posted by bounce

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

yep!

[steve B]

Originally Posted by bounce

And this is why it's been called "collecting" and not "investing", up until last few years anyway?

I can't imagine EVER referring to my collection as a "portfolio". Good grief.

Seems to me the "justification machine" is on full tilt right now.

What's next - extensive restoration?!?!

By "last few" do you mean since the 1980's? Because I've heard cards referred to as investments since at least then.

[bounce]

Originally Posted by steve B

By "last few" do you mean since the 1980's? Because I've heard cards referred to as investments since at least then.

And the same thing was at one point or another said about:
Beanie Babies
Hot Wheels / Matchbox cars
Precious Moments figurines
Antique miniature trains
Cabbage Patch kids
All those limited edition plates
Tons of Franklin Mint stuff

Just because someone says it doesn't make it so.

It's impossible to deny that in the past 3-4 years specifically, the talk of "alternative asset class" and "investment portfolio of cards" has reached a whole new crescendo.

[Touch'EmAll]

Ha, good one! She actually has the kids dialed in with shoes. Just stretched a little thin right now with repairs to a couple of houses.

[steve B]

Originally Posted by bounce

And the same thing was at one point or another said about:
Beanie Babies
Hot Wheels / Matchbox cars
Precious Moments figurines
Antique miniature trains
Cabbage Patch kids
All those limited edition plates
Tons of Franklin Mint stuff

Just because someone says it doesn't make it so.

It's impossible to deny that in the past 3-4 years specifically, the talk of "alternative asset class" and "investment portfolio of cards" has reached a whole new crescendo.

Yes, it's increased lately, and with more flowery language.


But the number of people who were expecting to put their kids through college on their holdings of 1990 cards was really large. And buying lots of 100 or 500 or more of the "can't miss" rookies was a thing in at least the early 80's.

[Peter_Spaeth]

Originally Posted by Leon

It was important then and more important now . And I think we have been saying buy the card and not the holder since the Gretzky Wagner was graded.

Yes, but pay a sensible price for it, not an off the charts world record.

[barrysloate]

T206 Young portrait is a high demand card, this example was particularly nice, the price was way over the top, and the T206 market continues to be overheated.

A confluence of all those factors at the same time.

[steve B]

Maybe it's just me, but I just can't get past those corners to a 5. Maybe 4.5, a 4 but 5, nope.

[Throttlesteer]

Originally Posted by steve B

Maybe it's just me, but I just can't get past those corners to a 5. Maybe 4.5, a 4 but 5, nope.

Wow, you're a tough grader. I would put those corners at a solid 5. The lower right is the only one that has me thinking. I've seen a lot worse and few better for the grade (assuming no other significant detractors).