T206 Eddie Plank prices finally take off?

[Mjpadilla84]

Goldin Plank PSA 4 sold tonight for $312,000. Same card listed for sale on Dean’s cards for $165,000 a few months ago. Whoever flipped that card did well tonight.

[Rhotchkiss]

It did not sell. It would have but the reserve was not met. Apparently $300k+/- (you know consignor got a large chunk of the BP) was not enough for the consignor. So, we have a fake comp at $312k

[Mjpadilla84]

Ok I see it didn’t it hit the reserve, I was keeping an eye on it.

[Jdoggs]

Originally Posted by Rhotchkiss

It did not sell. It would have but the reserve was not met. Apparently $300k+/- (you know consignor got a large chunk of the BP) was not enough for the consignor. So, we have a fake comp at $312k

Wow reserve wasn’t met so this is a fake comp.

[Goldin Auctions]

Originally Posted by Jdoggs

Wow reserve wasn’t met so this is a fake comp.

???
This is the Second person who says” fake comp”
If an item does not meet reserve it says “ reserve not met” and when auction is completed the item shows as NOT SOLD, and goes into NO ONES auction price realized sales record.
Please do not use words like” fake comp” when in fact a sale didn’t take place and there is “ no comp”

[Rhotchkiss]

Originally Posted by Goldin Auctions

???
This is the Second person who says” fake comp”
If an item does not meet reserve it says “ reserve not met” and when auction is completed the item shows as NOT SOLD, and goes into NO ONES auction price realized sales record.
Please do not use words like” fake comp” when in fact a sale didn’t take place and there is “ no comp”

We know someone was willing to pay $320k+/-, so in that regard, it is a comp (sort of). Maybe it’s not a “fake comp” - I didn’t mean anything malicious or untoward happened- but rather it shows that in an open auction with willing buyers, someone was willing to pay near $320k for that Plank, and that’s noteworthy and shows the card is worth that. It’s not a “comp” bc it didn’t sell, but it certainly sets a price point. So call it whatever you want. And BTW, that is an incredible price, very strong

[mrreality68]

Originally Posted by Rhotchkiss

We know someone was willing to pay $320k+/-, so in that regard, it is a comp (sort of). Maybe it’s not a “fake comp” - I didn’t mean anything malicious or untoward happened- but rather it shows that in an open auction with willing buyers, someone was willing to pay near $320k for that Plank, and that’s noteworthy and shows the card is worth that. It’s not a “comp” bc it didn’t sell, but it certainly sets a price point. So call it whatever you want. And BTW, that is an incredible price, very strong

Agreed.
And never that it would get that high of bids even in this environment
And some day I will join the club with a low grade T206 Plank

[Mjpadilla84]

Nice looking Plank Authentic for sale at heritage auctions. Be interesting to see what this one goes for. Good luck to those here bidding on it.