Auctions prices in the latest Heritage Auction

[BobC]

Originally Posted by Johnny630

To me It’s a tale of two markets,

REA/Heritage/Goldin Equals
Wall Street Buyers/White Collar Buyers-inflation has zero affect on their spending habits, so that being said the high end market card are fine.

Private Sales BST/ or In Person at shows are blue collar Main Street buyers.
Inflation has definitely affected their spending habits, they’re not spending on middle and lower grade I’m sorry they’re just not spending as much.

Where do you put the National, since that is a live, in-person, show?

[chriskim]

Jordan RC PSA-10 isn't going back to $700k level that's for sure.

However, t206 Plank Auth sold for $120k is about right.

[Johnny630]

Originally Posted by BobC

Where do you put the National, since that is a live, in-person, show?

Bob this is a good question I would put the National on the same page as above.

Big ticket items, if the right buyers are there will sell well. Not as good at Chicago, white collar guys likes the ease of Auctions, and Atlantic City I wouldn’t consider swanky enough for the Uber wealthy, Chicago is much better. Not beating down any town or talking one up I'm just telling it like it is.

Lower ticket items, blue collar guys affected by fuel and food inflation won’t be spending as frivolous as last year, especially on low grade raw, it will be a struggle. It will be a lot of bargain hunting, don’t expect anyone paying up on off grade raw cards, I just don't.

This is just my opinion but I feel like I have a good pulse on the market.

[parkplace33]

Ive seen a lot of commentary on this auction and recent auction prices across net54 and boards.

I do believe the market for cards has turned south recently. Ask yourself this question… how easy would it be to sell a 5 figure card privately right now (at fair market)? I say not very easy.

Truth is reality.

[hcv123]

The last 3 shows I set up at were ridiculously busy (Valley Forge - February, Hofstra and Chantilly in April). Plenty of buyers at all price levels.
As noted above, I do see the prewar market incredibly strong as well as the high grade (= low supply) post war stuff. While I haven't seen it yet, I agree that low-mid grade post war is more susceptible to price weakness. Mantle, Mays, Clemente and Jackie being excepted.

[Leon]

Originally Posted by parkplace33

Ive seen a lot of commentary on this auction and recent auction prices across net54 and boards.

I do believe the market for cards has turned south recently. Ask yourself this question… how easy would it be to sell a 5 figure card privately right now (at fair market)? I say not very easy.

Truth is reality.

For the right card a deal could happen all day long, and does happen every day.

It just has to be the right card....(this isn't for sale but what type card I am talking about, not run of the mill)


.

[rjackson44]

Originally Posted by Leon

For the right card a deal could happen all day long, and does happen every day.

It just has to be the right card....(this isn't for sale but what type card I am talking about, not run of the mill)


.

Omg leon