Restored Honus Wagner at SCP Auctions

[mrreality68]

Originally Posted by Aquarian Sports Cards

Did it actually sell/meet reserve?

Good Point.

WE know it had a reserve on it "that was not met" going into the last day.

Perhaps it was removed.

But it does show as final price with buyers premium as $1,102,806. Which gives the impression that is sold at,

That is a good price for that card as "restored"

[Rhotchkiss]

Agreed Jeff. By the way it’s presented on the site, it appears it was sold (reserve met or eliminated)

The final price was over 2.5x what this restored Wagner sold for in December of 2018 ($420k). Putting things in that context, I think the SCP Wagner did relatively well

[chriskim]

SPC said reserve met at $919k. Final price is $1,102,806.

[JimC]

I know I'm late to this party but house bidding is gross and shouldn't be allowed.

That Wagner has buyer's remorse written all over it. Of course one good flip will cure any case of buyer's remorse . . .

Jim Creamer

[CardPadre]

Originally Posted by Rhotchkiss

Agreed Jeff. By the way it’s presented on the site, it appears it was sold (reserve met or eliminated)

The final price was over 2.5x what this restored Wagner sold for in December of 2018 ($420k). Putting things in that context, I think the SCP Wagner did relatively well

I don't keep up with Wagners but curious if you think it would have had a similar gain over that time in original condition or done better/worse? What's the lowest recent sale on a beat up Wagner?

[Rhotchkiss]

Originally Posted by CardPadre

I don't keep up with Wagners but curious if you think it would have had a similar gain over that time in original condition or done better/worse? What's the lowest recent sale on a beat up Wagner?

There has been a small explosion of Wagner sales in the past 1.5 years and the value of the card has gone up a ton. I think the sales price of this restored Wagner vs the one in 2018 (almost 3x) is on par with the relative apperception of all Wagners, regardless of grade.

Regarding the value of this card restored vs it’s original condition, I think it would sell for more in its original condition.

[Hankphenom]

Originally Posted by Rhotchkiss

Regarding the value of this card restored vs it’s original condition, I think it would sell for more in its original condition.

This. And I hope it might serve as a warning.

[mrreality68]

Originally Posted by Hankphenom

This. And I hope it might serve as a warning.

+1 I agree with Hank

Hopefully it is a warning/learning for others

[Jcosta19]

Originally Posted by Rhotchkiss

Agreed Jeff. By the way it’s presented on the site, it appears it was sold (reserve met or eliminated)



The final price was over 2.5x what this restored Wagner sold for in December of 2018 ($420k). Putting things in that context, I think the SCP Wagner did relatively well

Just a guess but I think this (the 2018) restored Wagner would sell for significantly more than the SCP one because the image, especially the face, are still original. The restoration for that one was adding cut off borders and a clean back primarily.



Sent from my SM-G960U using Tapatalk

[chadeast]

Originally Posted by mrreality68

But it does show as final price with buyers premium as $1,102,806. Which gives the impression that is sold at,

That is a good price for that card as "restored"

Agreed. And $62k for the bleached out '33 Goudey #144 Ruth is just stunning to me.

[Leon]

Originally Posted by chadeast

Agreed. And $62k for the bleached out '33 Goudey #144 Ruth is just stunning to me.

I thought it was a worse buy than the Wagner. Just an awful looking card. There is no way someone is excited to put that in their collection. Pure registry or investment (LOL)
.

[mrreality68]

Originally Posted by Leon

I thought it was a worse buy than the Wagner. Just an awful looking card. There is no way someone is excited to put that in their collection. Pure registry or investment (LOL)
.

Agreed 100% that Goudey was not to standards and went for way to much

[chadeast]

Originally Posted by Leon

I thought it was a worse buy than the Wagner. Just an awful looking card. There is no way someone is excited to put that in their collection. Pure registry or investment (LOL)
.

Much worse buy. Extremely rare vs. relatively common. I'm not sure I've ever seen a more obvious example of buying the holder instead of the card.

[MattyC]

Yes but someone gets to log that sticker into their Registry Set and now say their card and set is “better.” The joke’s on that “winner” because there are 3s and 4s that blow that 7 away. Funny things happen when people let PSA override their eyeballs. Even funnier is that’s a high sticker grade and there are way more than enough sticker collectors aka “investors” out there for the winner to flip it in a few years for a tidy profit.

[Leon]

Originally Posted by MattyC

Yes but someone gets to log that sticker into their Registry Set and now say their card and set is “better.” The joke’s on that “winner” because there are 3s and 4s that blow that 7 away. Funny things happen when people let PSA override their eyeballs. Even funnier is that’s a high sticker grade and there are way more than enough sticker collectors aka “investors” out there for the winner to flip it in a few years for a tidy profit.

I labeled my SCP picture as Ruth crap LOL....

That 7 cost 3x more than my card and both are recent purchases...makes sense to me

[chadeast]

Originally Posted by Leon

I labeled my SCP picture as Ruth crap LOL....

That 7 cost 3x more than my card and both are recent purchases...makes sense to me

Beautiful upgrade, Leon. And as an added bonus, your Ruth isn't trimmed!

[brianp-beme]

Originally Posted by Leon

I labeled my SCP picture as Ruth crap LOL....

That 7 cost 3x more than my card and both are recent purchases...makes sense to me

Great card Leon. I think I even prefer my slim waisted, two piece Ruth over that faded, blurry, suspiciously small 62k Babe.

Brian

[Rhotchkiss]

Originally Posted by MattyC

Yes but someone gets to log that sticker into their Registry Set and now say their card and set is “better.” The joke’s on that “winner” because there are 3s and 4s that blow that 7 away. Funny things happen when people let PSA override their eyeballs. Even funnier is that’s a high sticker grade and there are way more than enough sticker collectors aka “investors” out there for the winner to flip it in a few years for a tidy profit.

Agree 100% with both bolded points.

My only PSA registry set (and my only experience with the PSA registry) is my 524-card T206 set. I can attest first-hand that registry rankings is a very strong drug and has lead me to buy (hell over pay for) some cards, as "upgrades", purely for the number on flip. In my opinion, the registry is genius for this exact reason (and I do not like to give PSA credit for anything). Because of the registry, some people buy only PSA and they are constantly upgrading to see their name climb the registry leader board.

I also agree that because of the registry, the winner of the 33 Goudey PSA 7 will likely sell it for a profit down the line. Another reason why the registry is so genius -- it allows for some risk mitigation on resale because your potential buyers are not only people who want the card, but also registry collectors. If you pick the right sets -- like T206, 1933 Goudey, 1952 Topps -- there should always be enough people out there putting together registry sets so that the likelihood of selling your over graded card at a profit (or at least break even) is increased, if not almost guaranteed.