Mile High Card Co, Auction Closing Today T206 Wagner, Plank, Cobb Back, 1916 Ruth ..

[x2drich2000]

Mile high (or maybe memorylane) has been doing this for a while now with the graded and premium sets. I've also seen it from other ah as well in the past few months.

[rats60]

The Wagner is already at 1.3 million, but the Cobb/Cobb is only at 650k. The seller of the Wagner is close to break even, but the seller of the Cobb is way behind right now. There was a lot of speculation on these two before the auction. It looks like the t206 Wagner is still king of the hobby.

[T206.org]

The grade on that Wagner is generous.

[Rhotchkiss]

Originally Posted by rats60

The Wagner is already at 1.3 million, but the Cobb/Cobb is only at 650k. The seller of the Wagner is close to break even, but the seller of the Cobb is way behind right now. There was a lot of speculation on these two before the auction. It looks like the t206 Wagner is still king of the hobby.

Now it’s at $892k before BP, so $1.07mm all in. I think we established an over-under a while back, and I am pretty sure the card has gone over.

This really is a great auction. Congrats to Mile High.

[1952boyntoncollector]

Originally Posted by Rhotchkiss

Now it’s at $892k before BP, so $1.07mm all in. I think we established an over-under a while back, and I am pretty sure the card has gone over.

This really is a great auction. Congrats to Mile High.

Looks like the hobby is still in general and even better for the big cards

[Scott L.]

Don’t think the $28k gap between the T206 set and the cards individually will be closed.

[rats60]

Originally Posted by Rhotchkiss

Now it’s at $892k before BP, so $1.07mm all in. I think we established an over-under a while back, and I am pretty sure the card has gone over.

This really is a great auction. Congrats to Mile High.

Was that an actual bid on the Cobb or a reserve? It looks like the Cobb didn't sell. The Wagner owner made a little. That card sold for 777k less than 3 years ago to 1.354 million now.

[Edwolf1963]

Originally Posted by rats60

Was that an actual bid on the Cobb or a reserve? It looks like the Cobb didn't sell. The Wagner owner made a little. That card sold for 777k less than 3 years ago to 1.354 million now.

Yeah, it shows “Pass” on final price. Last I looked before auction closed it had been over $500K

[calvindog]

Originally Posted by Edwolf1963

Yeah, it shows “Pass” on final price. Last I looked before auction closed it had been over $500K

Final bid on the Cobb/Cobb was about $1.1 million. Pretty good price but I guess the seller paid more and wanted more.

[Rhotchkiss]

Agree - there were actual bids that took the Cobb/Cobb to at least over $1.07mm before I tapped out and went to bed. I guess the all-in reserve was greater than that. So, we know that FMV for the highest graded Cobb/Cobb is $1.1mm+/-, which apparently is not enough for the current owner