Goldin T2o6 McCormick Collection 950+ cards...

[Schlesinj]

Originally Posted by RCFire82

Thinking about the value of this lot:

66 Hindu (mostly SLers) × $1,200ea = $79k
20 HoFers × $300ea = $6k
865 Remaining × $50ea = $43k

Purchase price $97k
Rough individual resale value $128k

Obviously these are ball park numbers. And grading would have a significant impact...but 20% to 30% return on $100k, be it an investor or a collector, this was a really awesome lot.

Agree/Disagree with the numbers?

I would assume the selling platform charge a fee for some these.

[parkerj33]

those are pretty close to the numbers i would use to evaluate the resale value...maybe $1000 per hindu just to be more conservative...and at least 10% would be eaten by resale platform (if using here and fb, it will take a very long time). That brings it mostly to a wash....

fyi, The lot did NOT go to the collector that is accumulating the mccormick stamps. Word is these were sold as a group by mccormick's family back in the 70s to the dealer that just sold them thru goldin.

My bet is that dean bought them.

- jp

[parkplace33]

Someone got a great deal on this lot.

[RCFire82]

Guess that answers that !
Congratulations on the amazing pickup Steve 👍

[RCFire82]

Originally Posted by RCFire82

Guess that answers that !
Congratulations on the amazing pickup Steve 👍

Oops, make that Scott!

[Peter_Spaeth]

Originally Posted by parkerj33

those are pretty close to the numbers i would use to evaluate the resale value...maybe $1000 per hindu just to be more conservative...and at least 10% would be eaten by resale platform (if using here and fb, it will take a very long time). That brings it mostly to a wash....

fyi, The lot did NOT go to the collector that is accumulating the mccormick stamps. Word is these were sold as a group by mccormick's family back in the 70s to the dealer that just sold them thru goldin.

My bet is that dean bought them.

- jp

Do we know if as that collector has been accumulating them, he knew of this huge group that was out there?

[raulus]

Originally Posted by Peter_Spaeth

Do we know if as that collector has been accumulating them, he knew of this huge group that was out there?

Unless there are multiple such collectors, I think there was even an effort to start up a gofundme around here.

[G1911]

The McCormick collector made the original thread after the auction house listed this batch as if it was his collection and completely lied in the original version of the listing.

[Peter_Spaeth]

Originally Posted by G1911

The McCormick collector made the original thread after the auction house listed this batch as if it was his collection and completely lied in the original version of the listing.

https://www.net54baseball.com/showth...ight=mccormick

What if you recall did he say originally?

[raulus]

Originally Posted by Peter_Spaeth

https://www.net54baseball.com/showth...ight=mccormick

What if you recall did he say originally?

I think the original auction listing talked about how the collector had painstakingly pieced together his collection, with copious assistance from fellow collectors online over ~20+ years.

[G1911]

Originally Posted by Peter_Spaeth

https://www.net54baseball.com/showth...ight=mccormick

What if you recall did he say originally?

Goldin’s original description specified that this batch with the McCormick stamp had been pieced together in recent times by a collector. It referred to this collection as a shining example of collectors coming together and aiding another’s quest. Of course, these things are completely and flatly false about this lot and the lies are to make it seem like it’s the McCormick collection we all know. I’m not sure I’ve ever seen an auction house straight up lie so directly about something that doesn’t even really affect the price. Lying about grade and alterations makes sense, but this was just weird. If anything, leading people to believe the McCormick collector was selling lowers the value of the stamped cards by indicating their buyer wasn’t in the game anymore.

Then again, it probably isn’t the first time Goldin has found a new low to reach.