Insane Babe Ruth card on Ebay

[robertsmithnocure]

Looks like the card sold for $45,600.

https://sports.ha.com/itm/baseball-c...=MyBids-101116

[brianp-beme]

Originally Posted by robertsmithnocure

Looks like the card sold for $45,600.

https://sports.ha.com/itm/baseball-c...=MyBids-101116

The consigner's share of that is likely $38,000, so roughly $11,000 lost in ten weeks time...ouch!

Brian

[Leon]

Originally Posted by brianp-beme

The consigner's share of that is likely $38,000, so roughly $11,000 lost in ten weeks time...ouch!

Brian

I wonder if this thread had anything to do with the high price on ebay? That will teach you about doing expensive (to most), quick flips.
A lot of prognosticator's didn't quite hit the mark. It has to be a 100k card!
.

[ullmandds]

Originally Posted by Leon

I wonder if this thread had anything to do with the high price on ebay? That will teach you about doing expensive (to most), quick flips.
A lot of prognosticator's didn't quite hit the mark. It has to be a 100k card!
.

yup...back to reality where rarity doesn't always equal value. Possibly poor timing as well?

[raulus]

Originally Posted by ullmandds

yup...back to reality where rarity doesn't always equal value. Possibly poor timing as well?

Nope.

The moral of the story is that eBay is the superior auction house. Bar none!

[Leon]

Originally Posted by raulus

Nope.

The moral of the story is that eBay is the superior auction house. Bar none!

Not even close, but good try!
.

[raulus]

Originally Posted by Leon

Not even close, but good try!
.

OK. Let's try again.

Obviously, the real moral of the story is that sometimes there are outliers, particularly when we're talking about a single data point.

While crazy stuff has happened over the last 24 months in our world, with prices always seeming to go up up up, doubling and tripling in the course of a few weeks or months, it's theoretically possible that you could overpay to buy a piece, and then when you turn around to offload it, you might struggle to get back what you paid. Not every T206 Wagner will double in 2 months between when you buy it for $2M and then turn around and sell it for $4M.

An equal part of the story is that when you send stuff to auction, you never know what might happen. It might go nuts and through the roof. Or it might languish. As Howard enjoys reminding us, auctions are not always the best way to go.

[carlsonjok]

Originally Posted by Leon

A lot of prognosticator's didn't quite hit the mark. It has to be a 100k card!

[ejharrington]

I just don't understand how one can expect to profit on a quick flip when there is typically a 20% buyer's premium?

[Carter08]

Originally Posted by ejharrington

I just don't understand how one can expect to profit on a quick flip when there is typically a 20% buyer's premium?

Agreed. But I think the thought was get it in a slab and get it to a proper auction house and there will be a profit. If crypto hadn’t crashed in the meantime it might have worked.

[Rhotchkiss]

Originally Posted by Carter08

If crypto hadn’t crashed in the meantime it might have worked.

I may be wrong, but I dont think the buyers of an Uncle Jack's Ruth are the same as the Crypto Crowd. My guess is that the Ruth Uncle Jack's crowd is comprised of older and wealthier buyers, rather than younger and richer, which Ruth buyers are more likely impacted by rising interest rates and falling stock and bond values, rather than the value of crypto and blockchain-related issues.

I am not saying the general economy is not a factor contributing to Snowman shitting the bed on his "bet", but I doubt crypo has much to do with it, and I doubt it will have much to do with the fall *and rise) of prewar cards.

Ryan Hotchkiss