Leland’s Results Mint Auction

[ullmandds]

dunno? buy the card not the holder?

Is the rt one worth 400K more than the left???? I think not?

[Johnny630]

Originally Posted by ullmandds

dunno? buy the card not the holder?

Is the rt one worth 400K more than the left???? I think not?

That’s not what I’m talking about here Pete

[ullmandds]

psa 8 sold for over 500K this past weekend?

[ullmandds]

I mean I am certainly a believer in the pump and dump schemes in the hobby...but also the easy money in the economy/hobby has pretty much come to an end?

Just like in the market the overvaluedstocks with nonsensical valuations have fallen back to earth...where the quality stocks have held their own moreso.

The 500K mantle just sold is much better than the lelands one you've shown...imo?

[Johnny630]

Originally Posted by ullmandds

I mean I am certainly a believer in the pump and dump schemes in the hobby...but also the easy money in the economy/hobby has pretty much come to an end?

Just like in the market the overvaluedstocks with nonsensical valuations have fallen back to earth...where the quality stocks have held their own moreso.

The 500K mantle just sold is much better than the lelands one you've shown...imo?

Pete I don agree it is better :-) , $150k better I can’t buy. People who are collectors with big money pay for grade to a large extent.

I guess what I’m trying to say is I believe this card has been moved around by a leveraged group of buyers manipulating the price not just on this card I feel it’s been going on for a least the past two years.

[Leon]

Originally Posted by Johnny630

Pete I don agree it is better :-) , $150k better I can’t buy. People who are collectors with big money pay for grade to a large extent.

I guess what I’m trying to say is I believe this card has been moved around by a leveraged group of buyers manipulating the price not just on this card I feel it’s been going on for a least the past two years.

+1

[Republicaninmass]

Originally Posted by Johnny630

Pete I don agree it is better :-) , $150k better I can’t buy. People who are collectors with big money pay for grade to a large extent.

I guess what I’m trying to say is I believe this card has been moved around by a leveraged group of buyers manipulating the price not just on this card I feel it’s been going on for a least the past two years.

See my post about the sponsor "collectable" of this ...."auction"

100% agree. I'd be curious to know if collectable consigned or bought any items. The collectable site lists


Michael Heffner
Partner at Lelands, the original sports memorabilia auction house and most respected in the hobby

[Lorewalker]

Originally Posted by Republicaninmass

See my post about the sponsor "collectable" of this ...."auction"

100% agree. I'd be curious to know if collectable consigned or bought any items. The collectable site lists


Michael Heffner
Partner at Lelands, the original sports memorabilia auction house and most respected in the hobby

Go Evan Mathis, go! What a hobby.

[ullmandds]

Originally Posted by Johnny630

Pete I don agree it is better :-) , $150k better I can’t buy. People who are collectors with big money pay for grade to a large extent.

I guess what I’m trying to say is I believe this card has been moved around by a leveraged group of buyers manipulating the price not just on this card I feel it’s been going on for a least the past two years.

Gotcha

[cgjackson222]

Thought it was interesting that 9 of their 25 items did not meet reserve (reserves were not listed), including two of three pre-war card lots as neither the T3 Turkey Red SGC set nor the 1910 E98 Cobb met reserve. The T206 set less Joe Doyle error and Wagner sold for $303K.

[Republicaninmass]

IMO Single stupidest auction....I've ever seen.


Guessing these cards will appear ( back?) On the collectable app. As the fine print shows they were a sponsor of the auction.


Lelands, since the passing of Josh Evans, had gone down him and gaining speed.

[perezfan]

Originally Posted by Republicaninmass

IMO Single stupidest auction....I've ever seen.


Guessing these cards will appear ( back?) On the collectable app. As the fine print shows they were a sponsor of the auction.


Lelands, since the passing of Josh Evans, had gone down him and gaining speed.

Completely agree with the part in bold. Both the quality and quantity of offerings have already dropped off considerably.

[Topnotchsy]

I'm not super familiar with the particulars of this auction, but I do think that the last couple of years has shaken up the market in ways that will have a ripple effect for a long time.

It's hard (for me at least) to know what is going on. Which prices went up as a result of legitimate entry of new money into the market and what is driven by other factors. Of course, when funds get involved, the way that they operate could mean that at any point, one (or more) could decide that cards are not a great vehicle for storing and growing wealth, and many items can quickly reenter the market. Of course, there was likely a decent amount of "pump-and-dump" going on as well.

Certain markets, like the ticket market, seem to be maintaining many of the increases to this point. The card market has definitely seen some settling on prices.

Many of the major auction houses have shifted for 2-4 auctions a year to monthly auctions, which I don't think will benefit the hobby in the long run. It means less impressive and interesting auctions, a focus on cards over other collectibles (which is fine for some but leaves segments of the hobby out) since cards are super easy photograph, catalog and describe very quickly.

I haven't sent anything to an auction house in a couple of years but I wonder what the explosion of auctions has done for fees to the auction house... has the competition to add items meant the houses are willing to be more generous with consignors?

Interesting times. I'm glad that in general my collecting areas are obscure enough that they are not part of this whole rollercoaster.

[Gorditadogg]

Maybe the MAXX guy bought it with his customers' money and had to cash in.

Just because people have money doesn't mean they are smart about what to do with it. I know a lot of people that if they get $1 million they have to spend $999,000 of it.

[parkplace33]

Originally Posted by Topnotchsy

I'm not super familiar with the particulars of this auction, but I do think that the last couple of years has shaken up the market in ways that will have a ripple effect for a long time.

It's hard (for me at least) to know what is going on. Which prices went up as a result of legitimate entry of new money into the market and what is driven by other factors. Of course, when funds get involved, the way that they operate could mean that at any point, one (or more) could decide that cards are not a great vehicle for storing and growing wealth, and many items can quickly reenter the market. Of course, there was likely a decent amount of "pump-and-dump" going on as well.

Certain markets, like the ticket market, seem to be maintaining many of the increases to this point. The card market has definitely seen some settling on prices.

Many of the major auction houses have shifted for 2-4 auctions a year to monthly auctions, which I don't think will benefit the hobby in the long run. It means less impressive and interesting auctions, a focus on cards over other collectibles (which is fine for some but leaves segments of the hobby out) since cards are super easy photograph, catalog and describe very quickly.

I haven't sent anything to an auction house in a couple of years but I wonder what the explosion of auctions has done for fees to the auction house... has the competition to add items meant the houses are willing to be more generous with consignors?

Interesting times. I'm glad that in general my collecting areas are obscure enough that they are not part of this whole rollercoaster.

I agree about the monthly auctions. I think they are over saturating the market.

[Fred]

Originally Posted by ullmandds

dunno? buy the card not the holder?

Is the rt one worth 400K more than the left???? I think not?

Peter, you think not? Really? There's a 7 on one flip and an 8 on the other, surely you saw that. Are you insinuating that the 7 and 8 are the same? I mean, you really wouldn't pay the extra $400K for that increment?

I think it's asinine. I'm so glad I don't give a crap about registries and trying to have the NO.1 set on earth. Especially when there's a good chance that someone with a card in a lesser grade holder probably actually has a nicer card. Oh, that's what you were getting at...