Leland’s Results Mint Auction

[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.

[Schlesinj]

I believe that auction was to coincide with a seminar/convention that is scheduled soon.

[Qcards]

I could be wrong but aren't a lot of these cards owned by the fractional ownership group who had their members agree to consign these cards as long as they met reserve?

[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.

[Rhotchkiss]

I have no comment on the auction, but I am glad they changed their description of the near-complete t206 set, which did meet reserve

[jayshum]

Originally Posted by cgjackson222

Thought it was interesting that 9 of their 25 items did not meet reserve, 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.

As I posted in another thread, the listing for the T3 set had an estimate of $150-200K, and considering the overall condition of the cards in the set, that was way too high to be realistic so if the reserve was based on that, there was no chance it would sell. Final bid was around $42K so a little over $50K with the BP which was probably a reasonable price to pay for the set if it had actually sold.

[Bkrum]

The T206 set came in a little light IMO. With the Plank and high end Cobb I thought it would end up a bit higher.