The Willie Mays price boom

[Frankish]

Originally Posted by cgjackson222

Many think he is not only the greatest living player, but the greatest player period. For example, the Athletic (Behind a paywall), has Willie Mays #1 and Babe Ruth #2

Buster Olney (ESPN analyst) has said Willie Mays is the greatest player ever as well.

It's interesting. I've always liked Mays better than Mantle and think he was the better all-around player (although I do find some arguments to the contrary have merit). But it's never been a surprise that Mantle was the more popular player and that his cards ended up being worth more.

1. Yankees
2. All-American Aw-Shucks WHITE player
3. World Series Titles 7 to Mays' 1 (see Yankees) and playoff HRs 18 to Mays' 1
4. The 1961 HR race
5. Yankees

No matter how great an athlete Mays was, how superior a defensive player and base stealer, how close (or some would argue superior) a hitter, he just can't over come the 1 ring, 1 playoff HR, note being a Yankee.

And Ruth was in a league of his own. My personal opinion/analysis is that Athletic and Olney are way off. Yankees mystique aside, you have a guy hitting more HRs one season than any other TEAM in baseball. I'm not a slave to WAR but think it really supports Ruth as the GOAT. But that's for another thread....

I agree Mays is probably a good buy relative to the other top players. It's nice to see his cards and those of some other great players really make a good run up in value, and I expect he has some distance het to go. He certainly deserves more credit, whether or not that is ever perfectly reflected in card prices (at least relative to Mantle RC and Ruth cards).

[JollyElm]

I don't want to say it, but at 91 years of age, it needs to be said...

422. Mourning Track Power
Buying up cards of a very old former player, for the sole purpose of selling them at exorbitant prices on the gigantic bubble that will surely come after he passes away.

In the last few years, cards of every all-time great who had suddenly passed away skyrocketed in value. Add to that the sheer legendary status of 'The Say Hey Kid' and you better buy now while the (overpriced) getting is good (not as badly overpriced as it could be).

Again, not happy to be a realist here.

[Exhibitman]

Substitution Effect. The decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises.

As collectors are priced out of prewar superstars they are going to turn to postwar stars instead. Just as collectors priced out of higher grade cards will turn to lower grade cards instead.

[jchcollins]

Willie is 91 years old, and is more or less considered the greatest position player of all time. Morbid or not, there is speculation on his cards right now in what is assumed to be a run-up to his death. When Hank Aaron passed last year, I know there were at least subtle whispers of Willie being the only player of that caliber left. That's not exactly wrong.

Some cards, like the '52 Topps Mays - were almost criminally undervalued for years in comparison to even garden variety Mantle cards. That at least is no longer the case. It's also nice however to see even midgrade 60's Willie cards getting their due in the value department.

Frank Robinson - eeeh, yeah. But that guy has been undervalued for the entire history of the retail hobby for more than 40 years now. He could eventually get his due much the way Jackie and Satchel cards eventually exploded - but honestly it would be surprising. There are others like that - where besides a rookie card, things are widely affordable. Stan Musial, Willie McCovey, Bob Gibson, Mike Schmidt, Tom Seaver - take your pick. Many other A, A- and B list HOF'ers still have a lot of room for growth in their card prices in my opinion.

[Exhibitman]

The 'problem' with Frank Robinson is that he has to compete with Mays, Aaron and Musial int he same league at the same time. He was really great (#17 WAR) but all three of them were even greater. Being in the top 5 on leader cards isn't really the same as being the big headshot guy. Plop him into the AL for the first several years of his career and he might be regarded more highly.

[jchcollins]

Originally Posted by Exhibitman

The 'problem' with Frank Robinson is that he has to compete with Mays, Aaron and Musial int he same league at the same time. He was really great (#17 WAR) but all three of them were even greater. Being in the top 5 on leader cards isn't really the same as being the big headshot guy. Plop him into the AL for the first several years of his career and he might be regarded more highly.

I could see people recognizing him more eventually though. First black manager, still the only man to win the MVP in both leagues. I would agree he's not better than Mays, Aaron, or Musial - but at the same time he's definitely not given his due.

[cgjackson222]

Originally Posted by jchcollins

I could see people recognizing him more eventually though. First black manager, still the only man to win the MVP in both leagues. I would agree he's not better than Mays, Aaron, or Musial - but at the same time he's definitely not given his due.

Frank Robinson is definitely undervalued.

Certainly being 5th fiddle behind Mays, Mantle, Aaron, Musial has something to do with it. And despite being a better right fielder statistically than Clemente (overall, but definitely not fielding), he also doesn't hold a candle to him either, from a popularity/value standpoint.

But for me, the reason I don't collect his cards is because he just doesn't have the nicest looking cards. I had one of his rookies graded, it came back a 6.5, but it did nothing for me and I sold it.

I own his '62 Topps, and there are a couple others I like, but I think his joining the League after what some to believe is the Goldin Age of baseball cards (early to mid-50s) has a little something to do with it.

Its crazy to think that a guy who won the Triple Crown and was the only player to win MVP in both leagues wasn't flashy enough, but that may be the case.

Maybe one day that will change, but I am not holding my breath.

[hockeyhockey]

Originally Posted by jchcollins

Willie is 91 years old, and is more or less considered the greatest position player of all time. Morbid or not, there is speculation on his cards right now in what is assumed to be a run-up to his death. When Hank Aaron passed last year, I know there were at least subtle whispers of Willie being the only player of that caliber left. That's not exactly wrong.

i have the same thoughts as you on this.

FWIW, my favorite willie card is the 54 bowman. willie may. and it's just a cool looking card. i have a low grade one, fits into my budget nicely.

[Jewish-collector]

Nicolo - You did well getting your Mays for such an inexpensive price beer chug.gif

[raulus]

Originally Posted by Jewish-collector

Nicolo - You did well getting your Mays for such an inexpensive price Attachment 533378

More luck than anything. Plus a whole lot of convincing my wife that spending so much on one piece was a good idea!

[Volod]

Originally Posted by JollyElm

I don't want to say it, but at 91 years of age, it needs to be said...

422. Mourning Track Power
Buying up cards of a very old former player, for the sole purpose of selling them at exorbitant prices on the gigantic bubble that will surely come after he passes away.

In the last few years, cards of every all-time great who had suddenly passed away skyrocketed in value. Add to that the sheer legendary status of 'The Say Hey Kid' and you better buy now while the (overpriced) getting is good (not as badly overpriced as it could be).

Again, not happy to be a realist here.

You may be right, but where is the rationality behind the phenomenon, if any? None of those guys were lowered into the ground with their coffins stuffed with thousands of their cards, so what is driving the "bubble" expectation? There is, of course, the projected scarcity of autographed collectibles, but that aspect of the market is relatively small compared to vintage cards in general. So, is the anticipated skyrocketing in value simply due to Willie's unexpected longevity compared to his contemporaries, with marketers getting anxious that he might even outlive them and cause them to lose out on the bubble expansion?

[raulus]

Originally Posted by Volod

You may be right, but where is the rationality behind the phenomenon, if any? None of those guys were lowered into the ground with their coffins stuffed with thousands of their cards, so what is driving the "bubble" expectation? There is, of course, the projected scarcity of autographed collectibles, but that aspect of the market is relatively small compared to vintage cards in general. So, is the anticipated skyrocketing in value simply due to Willie's unexpected longevity compared to his contemporaries, with marketers getting anxious that he might even outlive them and cause them to lose out on the bubble expansion?

I suspect it’s mostly a function of the attention and tributes that come when the end arrives. We humans, and Americans in particular, have a real short attention span coupled with an extreme recency bias. Something that grabs our attention and causes us to focus a bit on a particular person is likely to drive increased interest in that person, at least for a while. While not the end, think about how much Jordan’s pieces spiked in value simply because the attention from the ESPN 30 for 30 special. Similar phenomenon here, with maybe slightly less attention than the special received.

It would be interesting to see how long the phenomenon has lasted in the past, and whether some portion of the price increase sticks long term. Naturally, you would have to filter out the more general market increases (or decreases) to try to isolate just this element.

[packs]

I think it can explained this way: for a long time his cards were inexplicably cheap. I felt the same way about Mantle. Six or so years ago I bought a 1951 Bowman Mantle SGC 10 for $1,600 all in. I specifically sought that card out because I knew it was an iconic rookie of an iconic player and for some reason I could obtain one in my price range.

I circled back for the Mays for the same reason but sadly missed the boat while I was doing the same thing with other players. I bought Cobb T206s and a T205 for what I considered to be modest prices even 6 years ago.

Time has caught up. A lot of other people noticed the cards were in reach too. Now they aren't.

[hockeyhockey]

Originally Posted by packs

I think it can explained this way: for a long time his cards were inexplicably cheap. I felt the same way about Mantle. Six or so years ago I bought a 1951 Bowman Mantle SGC 10 for $1,600 all in.

wow. you got a 10 for $1,600? i only got back into the hobby a few years ago, but that seems insane.

[Casey2296]

Originally Posted by hockeyhockey

wow. you got a 10 for $1,600? i only got back into the hobby a few years ago, but that seems insane.

SGC 10 on the old green label system is graded poor, still an incredible buy.

[luciobar1980]

Originally Posted by hockeyhockey

wow. you got a 10 for $1,600? i only got back into the hobby a few years ago, but that seems insane.

This needs to be further explained or is missing a zero or two.