T206 Lumley Old Mill from Greg Morris

[abothebear]

What’s going on here? I don’t know a ton about Old Mills. Why did it go for almost ten times your max bid. Was it a rare-colored Old Mill?

[inceptus]

I believe there are only two graded by PSA, and none by SGC. So it's a rare one for sure.

[raulus]

There were really only 2 bidders above the $1,700 mark. And they both bid right at the end of the auction, probably using snipe services.

Could just be a simple case where two bidders really wanted it, and typed in a crazy high number to make sure that they got it. And in the end, one of them typed in a number larger than the other, so got it.

Of course, with that strategy, sometimes the winner might end up paying a lot more than they really wanted to, and so the price can end up being a bit inflated.

Hopefully they actually pay up now!

[Rhotchkiss]

Originally Posted by abothebear

What’s going on here? I don’t know a ton about Old Mills. Why did it go for almost ten times your max bid. Was it a rare-colored Old Mill?

In general, old mill is not a particularly rare back. That said, there are a number of players where finding an old mill back is near impossible - some are 1 of 1s or super low pop. I really only collect HOFers, so I am not sure about the combo in question, but I suspect it’s a very rare combo; I can tell you Walter Johnson portrait and Cobb bat on in old mill are super tough. I believe Magee is tough as well.

There are 4 reasons why this went so high: (1) someone doing an old mill subset, (2) someone doing a player back run, (3) someone trying to put together a master set, or (4) someone who collects super rare cards or t206 front/back combos

[atx840]

It went from $650 to almost 8k in one minute, wild. The underbidder definitely thought they had it at that price.

[Exhibitman]

Ain’t sniping software grand?

[Mountaineer1999]

But who puts 8k as a snipe bid on this card?

[raulus]

Originally Posted by Mountaineer1999

But who puts 8k as a snipe bid on this card?

A couple of bidders who want it real bad.

And neither one really expects someone else to be crazy enough to do the same thing on the same card.

Next thing you know, it's $8k, and someone gets to pay for wanting it bad enough to just type in a ludicrous number in their snipe engine.

[irishdenny]

Originally Posted by Exhibitman

Ain’t sniping software grand?

As iS "Life"

[mrreality68]

Wow wow and wow

Not brave enough to attempt this set

T206 is definitely the Monster set
First all those cards
Second all the different backs
Third the subsets and different runs people do
Fourth Wow and Wow

[Yoda]

It is amazing how much a T206 with a rare front back combo will fetch when 2 feverish, deep-pocket collectors get locked into a Mortal Kombat duel.

I know this feeling first hand in my quest for a T206 McGraw back run. A opportunity arose for a JM with an Old Mill back, of which there are very few. Fortunately for me, the seller was a stalwart here on the board. Expensive yes, but worth it to me. Of course, I dream of Ted Z's Uzit, which I am sure is one of a kind. But projects for guys like us just fuels our love of pre-war.

[G1911]

Bid number 3 was $1,688.66. That seems more indicative of real value.