I am a Ruth Fan. But This price is way out of control

[Peter_Spaeth]

Originally Posted by swarmee

https://www.net54baseball.com/showth...ighlight=baker

What happened to those purple stickers lol.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

What happened to those purple stickers lol.

Greg still around? Haven't seen him in a while. Live or on the board.

[molenick]

Thank you for the link to the thread discussing the MBA sticker...I guess I missed it the first time around.

[JK]

So, any thoughts on what this price means, if anything, for mid and lower grade Ruths - particularly those with more rare backs?

[PhillyFan1883]

Jeff hope all is well bud— I don’t know why you think this price is out of control?? . I am confused. Low grade Ruth rookies are 200k-400k. Why shouldn’t a NM copy bring a huge premium and well over 2 million in theory ?? Restored, authentics, and dog meat Wagner t206s fetch much more than where the bid is now. A Ruth rookie (m101) will never catch up to the Wagner it would seem, but it’s probably top 5 to get closer, maybe 60 percent of a Wagner long term pricing ?? so why the shock for a NM Ruth rookie with a Low population for the grade ?
We all have seen the Ruth rookie going up at astronomical rates. It’s not stopping anytime soon.

[mrreality68]

Well I guess I was wrong. Which is ok.

Just never seeing one going for this much before. (A blank PSA7 was auctioned at HA in May but did not sell when the reserve was not met and with the auction potentially adding bids we do not know what it would have went for).

and with a PSA 7 selling for $384K in April 2018. Just surprised that even with the new money coming in that this card will sell for 7 x or more what sold just 3 years ago.

It will be interesting to see where it ends up (since I am biased having a lower grade blank back)

[Exhibitman]

I remember having a variation of this conversation in 1982 and 1998 and 2007 and...

Us 'seasoned' collectors are always bemused/disgusted/terrified when prices rise. Just depends on which side of the deal you are on. As a lucky collector who picked up on a few of the trends early, I am very pleased with myself. As someone who sat by and said 'manana' on so many other cards, not so much.

Totally agree with Jeff: trading is the bomb. I made a few nice trades this year where both sides were able to gain for their collections and go away happy. One of the things I most missed about the National the last two years was a marathon trading session I have every year with a collector. We go for hours and the deals are as complex as nuclear disarmament treaties. But way more fun!

[nolemmings]

Originally Posted by Exhibitman

I remember having a variation of this conversation in 1982 and 1998 and 2007 and...

Us 'seasoned' collectors are always bemused/disgusted/terrified when prices rise. Just depends on which side of the deal you are on. As a lucky collector who picked up on a few of the trends early, I am very pleased with myself. As someone who sat by and said 'manana' on so many other cards, not so much.

Totally agree with Jeff: trading is the bomb. I made a few nice trades this year where both sides were able to gain for their collections and go away happy. One of the things I most missed about the National the last two years was a marathon trading session I have every year with a collector. We go for hours and the deals are as complex as nuclear disarmament treaties. But way more fun!

More fun than nuclear disarmament treaties? Go on!! I call bullshit.

[mrreality68]

Originally Posted by PhillyFan1883

Jeff hope all is well bud— I don’t know why you think this price is out of control?? . I am confused. Low grade Ruth rookies are 200k-400k. Why shouldn’t a NM copy bring a huge premium and well over 2 million in theory ?? Restored, authentics, and dog meat Wagner t206s fetch much more than where the bid is now. A Ruth rookie (m101) will never catch up to the Wagner it would seem, but it’s probably top 5 to get closer, maybe 60 percent of a Wagner long term pricing ?? so why the shock for a NM Ruth rookie with a Low population for the grade ?
We all have seen the Ruth rookie going up at astronomical rates. It’s not stopping anytime soon.

Wow PhillyFan you nailed it.

The Card brought almost 2.5 million dollars last night.
Sold just a few years ago for 600K so a 4 multiplier in just a few years.

Lot's of new money in the collection hobby

[LincolnVT]

In the current climate, I actually thought that the 7 under performed last night. Why would a Babe Ruth rookie PSA 7 from 1916 sell for half of what a PSA 9 1952 Mantle sold for...?

[jchcollins]

My father thought it was ridiculous that cards from his childhood era were going for "so much" in the late 1980's. My mother and I used to get in trouble when she allowed me to bring home an "expensive baseball card", which back then might be, say, a '66 Topps Sandy Koufax for 20 bucks.

Since the modern hobby became self-aware 40 or so years ago, certain things have always been considered stupid expensive. So are Ferrari's and Van Gough's - but people still buy them...

[egri]

Originally Posted by Peter_Spaeth

What happened to those purple stickers lol.

They almost seem quaint now.

[BobbyVCP]

I held the card in my hand at the last Boston show...it is near perfect and the print image is flawless. Brian thinks it should go for 4-5m. He just walks around with it in his pocket. I asked him if he get nervous at all going home with that in your hand...of course no.

[mrreality68]

Originally Posted by BobbyVCP

I held the card in my hand at the last Boston show...it is near perfect and the print image is flawless. Brian thinks it should go for 4-5m. He just walks around with it in his pocket. I asked him if he get nervous at all going home with that in your hand...of course no.

Pretty cool that you had a chance to see it first hand.

Interesting that Brian is not nervous about carrying the card around. I would probably be paranoid.

Regarding Brian thinking the card can go for that much. To me $4-$5Million would be incredible/amazing.

In addition the market is so volatile normal price trends and even spike pricing is unpredictable

I Guess we will see what the market shows at the Auction ending in 16 Days.

[Stampsfan]

But it's an old cert number in a new holder. According to conventional thinking, it really isn't a 7 now.

Insert sarcasm emoji