Heritage Rosen Mantle - Greatest Card Ever Auctioned?

[chriskim]

Originally Posted by mrreality68

Should be interesting
Would love to know who all the bidders were

I was one of them.

[chriskim]

It is very interesting that big auction with key card like this ends on the day after stock market/crypto crashes. Pretty sure more or less would affect the final price.

Last time the LeBron triple logoman (est. $5Mil) card also ended a few days after crypto crashes (BTC drops below $20K and ETH drops to $9xx)

[here2havefun]

Ended at 12.6mil, after BP

[Gary Dunaier]

$12,600,000 including buyers' premium.

Actual high bid was $10,500,000 so it definitely is a true $10 million card.

If the final actual bid was, say, $9,000,000 and only broke the $10 million barrier once the buyers' premium was added, would it still be seen as a "legitimate" $10 million card?

[Rhotchkiss]

Originally Posted by Gary Dunaier

$12,600,000 including buyers' premium.

Actual high bid was $10,500,000 so it definitely is a true $10 million card.

If the final actual bid was, say, $9,000,000 and only broke the $10 million barrier once the buyers' premium was added, would it still be seen as a "legitimate" $10 million card?

Yes. Buyer’s premium is 1000% part of the price.

Also, I don’t think the stock or crypto market impacted the high-bidder’s ability/desire to buy this card. A 52 Mantle is very different from some Logoman card, and $3mm is much different from 11mm+. The winner, and underbidders, on this card have money completely untied/not related-dependent on the stock or crypto market

[parkplace33]

12 million is a lot of money, but I actually think this price was low. With the backstory and grade, I was thinking it would go for 15-20 mil.

[mrreality68]

Originally Posted by parkplace33

12 million is a lot of money, but I actually think this price was low. With the backstory and grade, I was thinking it would go for 15-20 mil.

Many people were thinking the same thing as you. But with over 30 days of bidding and all the press. This is the market value for this card at this time.

An amazing card got an amazing price and set a new Standard.

Wow

It was interesting to watch but sadly no impact on most cards but it did create a buzz about the collection and hopefully it brings new people to collecting

[Lorewalker]

Originally Posted by Gary Dunaier

$12,600,000 including buyers' premium.

Actual high bid was $10,500,000 so it definitely is a true $10 million card.

If the final actual bid was, say, $9,000,000 and only broke the $10 million barrier once the buyers' premium was added, would it still be seen as a "legitimate" $10 million card?

Let's not forget the sales tax too, unless they are exempt. Whatever was paid by the buyer, out the door, is what the card sold for. Shipping, buyer's premium and sales tax, imo, are all part of the cost.

[mrreality68]

To me it depends on who won it and that determined when it will sell next.

I think this will not hit a public auction for a while because at this price point the money is not as important as the prestige or bragging rights of having it.

And if the person was a business man (ie CEO or something) perhaps he shows it off at his office on display and add prestige to his company and Publicity and again not selling it.

I do not think a straight up investor bought this just to flip it

But of course I could be wrong

[HOF Auto Rookies]

Originally Posted by mrreality68

To me it depends on who won it and that determined when it will sell next.

I think this will not hit a public auction for a while because at this price point the money is not as important as the prestige or bragging rights of having it.

And if the person was a business man (ie CEO or something) perhaps he shows it off at his office on display and add prestige to his company and Publicity and again not selling it.

I do not think a straight up investor bought this just to flip it

But of course I could be wrong

My sentiments as well, well said.

[Republicaninmass]

if/when this card pops up on the collectable app, or in some chase boxes or contest. Will that count as a flip?

[Hankphenom]

Originally Posted by here2havefun

Ended at 12.6mil, after BP

I'm sorry, but that's just nuts. I don't care if it goes for $20M tomorrow, that would just be even more nuts. You can say all you want about the market speaking, etc., but this looks more to me like a market out of control. Tulips in Hollland, subprime mortgages, anyone? It does happen.

[ullmandds]

Originally Posted by Hankphenom

I'm sorry, but that's just nuts. I don't care if it goes for $20M tomorrow, that would just be even more nuts. You can say all you want about the market speaking, etc., but this looks more to me like a market out of control. Tulips in Hollland, subprime mortgages, anyone? It does happen.

I tend to agree

[irv]

Originally Posted by Hankphenom

I'm sorry, but that's just nuts. I don't care if it goes for $20M tomorrow, that would just be even more nuts. You can say all you want about the market speaking, etc., but this looks more to me like a market out of control. Tulips in Hollland, subprime mortgages, anyone? It does happen.

According to these articles, the hobby is still red hot.
I haven't been playing close enough attention lately to say one way or another if that is true but this sale certainly isn't going to hurt the hobby any, imo.
https://www.kiro7.com/news/mickey-ma...U6FPF7XPMDMNI/
https://people.com/sports/mickey-man...uction-record/
https://www.forbes.com/sites/carliep...h=43af77fa3be2

[Hankphenom]

Originally Posted by irv

According to these articles, the hobby is still red hot.
I haven't been playing close enough attention lately to say one way or another if that is true but this sale certainly isn't going to hurt the hobby any, imo.

No, it wouldn't seem to, and this could very well just be another new normal as we've become accustomed to them, but then every commodity market has a peak, too. See: Bitcoin, 2021-2022.

[clydepepper]

Craziness!


Not EVEN a True Rookie Card and a Double-Print to boot.



I sure am glad I got my 1990 Fleer Jose Uribe before 'word got out'.



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