1916 M101-4 Sporting News Babe Ruth PSA 4 on Goldin

[puckpaul]

Originally Posted by Michael B

I would not worry about it. If they did not complain they would feel the day is lost. This is a card in a major action that everyone here looks at. You did not 'out' anything. Pass out some bran muffins and Drano enemas and everyone will be fine.

+1

Big collectors aren’t missing these at auction.

[mrreality68]

So what do you think the over/under is on this card since we have a thread.

It went for $510k with BP approx 6 months ago.

It is at $350k ($420k with BP)

I am thinking over $620k?

Any guesses?

[Republicaninmass]

Why would someone sell right away? Seems curious at the least. Hard to believe even the 500k sales was legit, let alone a "collector who is going a different direction"


Maybe the saw the psa 3 sale at 400k? I dont get it

[mrreality68]

Originally Posted by Republicaninmass

Why would someone sell right away? Seems curious at the least. Hard to believe even the 500k sales was legit, let alone a "collector who is going a different direction"


Maybe the saw the psa 3 sale at 400k? I dont get it

I am sure it was a legit sale. and Yes I have seen people flip high end cards all the time.
Also prices can vary with blank back vs Ad Back. and since they do not come up often there will always be demand for it

Regardless. IT is already at $420K (with BP) and it still has a long day to go. So it should easily exceed the $510K #.

[Leon]

+1 And there is never a loss for a conspiracy story either.

Originally Posted by mrreality68

I am sure it was a legit sale. and Yes I have seen people flip high end cards all the time.
Also prices can vary with blank back vs Ad Back. and since they do not come up often there will always be demand for it

Regardless. IT is already at $420K (with BP) and it still has a long day to go. So it should easily exceed the $510K #.

[notfast]

Seems to be a common thought that a lot of big cards purchased via Goldin/PWCC were bought via loan/margin.

Bills are due so now people have to sell.

Tons of modern stuff popping up for sale that was bought within the last 6 moths as well.

[Johnny630]

Originally Posted by notfast

Seems to be a common thought that a lot of big cards purchased via Goldin/PWCC were bought via loan/margin.

Bills are due so now people have to sell.

Tons of modern stuff popping up for sale that was bought within the last 6 moths as well.

BINGO THE POWER OF VAULTS...were these loans in cash? cards? Or What ?

[Yoda]

Originally Posted by notfast

Seems to be a common thought that a lot of big cards purchased via Goldin/PWCC were bought via loan/margin.

Bills are due so now people have to sell.

Tons of modern stuff popping up for sale that was bought within the last 6 moths as well.

Do I understand that, using collateral in the vault, PWCC and Goldin allow bidders to employ margin trading in their auctions? First time I have heard of that ploy. Nice to have leverage in a bull market.....but.

[nolemmings]

Originally Posted by mrreality68

I am sure it was a legit sale. and Yes I have seen people flip high end cards all the time.
Also prices can vary with blank back vs Ad Back. and since they do not come up often there will always be demand for it

Regardless. IT is already at $420K (with BP) and it still has a long day to go. So it should easily exceed the $510K #.

I have no opinion on whether it was a legitimate sale. The card is not that scarce--at least 7 sales in the past two years with just that TSN ad back.

I have no issue with people flipping cards. I just look askance at someone claiming they are a diehard collector who has always wanted a Ruth rookie when they probably should be saying they are an investor who always wanted something that would turn a quick profit. The word poser comes to mind. But hey, so be it-- a small issue in the overall scheme of things.

[mrreality68]

Originally Posted by nolemmings

I have no opinion on whether it was a legitimate sale. The card is not that scarce--at least 7 sales in the past two years with just that TSN ad back.

I have no issue with people flipping cards. I just look askance at someone claiming they are a diehard collector who has always wanted a Ruth rookie when they probably should be saying they are an investor who always wanted something that would turn a quick profit. The word poser comes to mind. But hey, so be it-- a small issue in the overall scheme of things.

Hi.

Depends on the person. I am not sure what die hard collector claimed to be die hard and bought a rookie Ruth to flip and turn a quick profit. That is definitely an investor/flipper. Others who took years to get it and was lucky enough to get it and has held it for years and thru these huge spikes(where they could have taken big profits) and are collectors. I know many Card collectors who have no intention of selling them unless something unforeseen happens(ie medical, divorce etc). And this applies to any collector of any card, type or collection.

I am proud that most people I know or met thru this Forum are collectors who enjoy the hunt of the card and the enjoyment of their cards and collecting of it.

I am a collector that enjoys our hobby and the friends made thru them.

As for scarcity I guess it depends on how you define scarcity of cards. How often they comes up to me does not define how scarce but rather population. To me the Rookie Ruth not as scarce as some other Ruth cards (ie Felix Mendelssohn, Boston Store, Baltimore News etc) but a lot more scarce than the Goudey. They are also more scarce than many of the Top Cobbs (ie t206) and more scarce than the Topps or Bowman Mantles). But all of these have the demand that exceeds the supply.
In total the Rookie Ruth and all its variants (different ad backs and Blank backs) are less than 180 (approx ) and the higher the grade the more scarce they are.

Regardless when they come up they seem to keep going up in price and the Demand is still strong.

Sadly the spike of the last couple of years has put this card and many other cards out of reach of many collectors