WTB: M101-4 and/or M101-5 Sporting News Joe Jackson

[Rhotchkiss]

Originally Posted by babraham

Score!!
Looks like I finally was able to add one to my collection!

Congrats! Great looking example. I think you got it for a good price.

Jay, the Ruth was super low until extended bidding. Although it closed at $250k, I think that was light considering a very ugly 1.5 sold in February of 2021 for same price. I felt the HM Taylor Cobb went cheap too, since a 1.5 just traded in LOTG for $15k+. Frankly, this is the first auction in a while where I felt prices were normal-low. Is that the market, Leland’s, or both? Or maybe I am just wrong…

[babraham]

Originally Posted by Rhotchkiss

Congrats! Great looking example. I think you got it for a good price.

Thank you!
Agreed on the price...I would have gone a little higher, but I kept expecting someone else to bid it up during extended bidding.

Originally Posted by Rhotchkiss

Frankly, this is the first auction in a while where I felt prices were normal-low. Is that the market, Leland’s, or both? Or maybe I am just wrong…

Yes the few lots that I was tracking seemed to go for a little less than what I was expecting compared to all the other recent auctions. Will be something to watch in the next few auctions...

[oldjudge]

I agree, Ryan. I have seen things go for less than what I expected at Leland’s in the past so that may be part of it, but I think the economy may finally be catching up with the card market. It is a lot easier to put your money in non-interest bearing assets when interest rates are close to zero. With inflation at forty year highs and plenty more Fed rate hikes on the horizon buyers may become a little gun shy. Quality cards should still be good long term buys but in the short to medium term their prices could go down. The high priced shiny basketball cards of Luca et al may suffer a lot.
Oh, Brian, congratulations on the Jackson. That is a nice looking card at a lower than expected price.