10K for a Young portrait in a 5

[dariushou]

I can't say that i've followed this thread very closely, but wouldn't "Mr. Deep Pockets" be going for something better than a PSA 5. Why stop at 5 when money doesn't matter? I know i wouldn't stop at a PSA 5 if i had the dough. There's a decent pop over PSA 5.

[Leon]

Originally Posted by dariushou

I can't say that i've followed this thread very closely, but wouldn't "Mr. Deep Pockets" be going for something better than a PSA 5. Why stop at 5 when money doesn't matter? I know i wouldn't stop at a PSA 5 if i had the dough. There's a decent pop over PSA 5.

First of all there can always be something nefarious going on as we have all seen so many times. But when I put my thinking cap on, for this card, it just doesn't seem like it would be one to try to corner the market on and raise all prices. As for why someone with all the money would stop at a 5 is because this 5 probably looks better than most 6s or 7s. I almost guarantee I would take it over most higher grade cards. Maybe the smart money bought the card they thought looked best and kept their other money for other cards?

[frankbmd]

Originally Posted by Leon

First of all there can always be something nefarious going on as we have all seen so many times. But when I put my thinking cap on, for this card, it just doesn't seem like it would be one to try to corner the market on and raise all prices. As for why someone with all the money would stop at a 5 is because this 5 probably looks better than most 6s or 7s. I almost guarantee I would take it over most higher grade cards. Maybe the smart money bought the card they thought looked best and kept their other money for other cards?

Forget about cards Leon. Think of the hammer price of your thinking cap at auction. Where will you consign?

[Aquarian Sports Cards]

Nobody's trying to "corner the market" though. in 2016 those guys didn't control a significant percentage of the Clemente or Aaron rookies, they merely drove up the price indicators until people were willing to actually pay the inflated prices. then they dumped the cards they did have that they had been pretending to sell to each other. There's no way of knowing for sure if this Cy Young is the next wave of that kind of manipulation, but I certainly can't discount it.

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

Nobody's trying to "corner the market" though. in 2016 those guys didn't control a significant percentage of the Clemente or Aaron rookies, they merely drove up the price indicators until people were willing to actually pay the inflated prices. then they dumped the cards they did have that they had been pretending to sell to each other. There's no way of knowing for sure if this Cy Young is the next wave of that kind of manipulation, but I certainly can't discount it.

Right. In a market like this where people rely heavily on historical prices, you just need to be able to manipulate the price, not control supply. In 2016 plenty of people started to panic and pay insane prices for cards fearing they would go even higher.

One of my favorites, a Koufax RC in an 8 for 80K. Right.

http://goodwinandco.com/LotDetail.as...entoryid=33087

Even more disturbing was the disingenuous writeup.

Koufax.

Be Prepared for Return on Investment.

Koufax rookies are among the hottest cards in the hobby today. Demand is outpacing supply on a consistent basis and the market has reacted. Prices at auction continue to escalate provided the condition is at the highest level. And at a PSA 8, there aren’t many examples that exceed this magnificent offering. In fact, 15 PSA 8.5’s are known, to go with 22 PSA 9’s and 3 GEM MINT 10’s.

For the discerning collector or the profit-driven investor, this card should be an automatic. The Koufax rookie card’s climb has been as remarkable as Koufax pitching at Dodger Stadium on a hot summer day. We expect the day to come very soon, when Koufax rookies at PSA 8 will be selling well in excess of $200,000 and perhaps as $250,000. If you’ve ever contemplated a Clemente rookie, we strongly encourage you investigate this card.

[Aquarian Sports Cards]

I remember that write-up. Gotta say I like Bill, but this just feels slimy.

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

I remember that write-up. Gotta say I like Bill, but this just feels slimy.

I was shocked to see that coming from him, honestly.

[Throttlesteer]

Originally Posted by Peter_Spaeth

Right. In a market like this where people rely heavily on historical prices, you just need to be able to manipulate the price, not control supply. In 2016 plenty of people started to panic and pay insane prices for cards fearing they would go even higher.

One of my favorites, a Koufax RC in an 8 for 80K. Right.

http://goodwinandco.com/LotDetail.as...entoryid=33087

Even more disturbing was the disingenuous writeup.

Koufax.

Be Prepared for Return on Investment.

Koufax rookies are among the hottest cards in the hobby today. Demand is outpacing supply on a consistent basis and the market has reacted. Prices at auction continue to escalate provided the condition is at the highest level. And at a PSA 8, there aren’t many examples that exceed this magnificent offering. In fact, 15 PSA 8.5’s are known, to go with 22 PSA 9’s and 3 GEM MINT 10’s.

For the discerning collector or the profit-driven investor, this card should be an automatic. The Koufax rookie card’s climb has been as remarkable as Koufax pitching at Dodger Stadium on a hot summer day. We expect the day to come very soon, when Koufax rookies at PSA 8 will be selling well in excess of $200,000 and perhaps as $250,000. If you’ve ever contemplated a Clemente rookie, we strongly encourage you investigate this card.

I wonder how many green Cobbs these guys had

[RiceBondsMntna2Young]

Originally Posted by Rhotchkiss

...
PSA 5 Sale: $3,608 (PWCC, 6/8/16) (a 113% increase)
Cy Young, PSA 5, sold for: $10,010- Prior Highest PSA 5 Sale: $4,000 (PWCC 9/8/15) (a 150% increase)
...

I'm only on page 9 of the thread, so maybe this point has been raised already but is it really that outrageous that bids would be double what they were 3 years ago for some of these cards? I collect Barry Bonds and his 86 Tiffany have more than doubled in that time. 2016 marked the end of the trough for those cards, a trough that began in 2008, the last time the stock market overheated.