So you have $1.3 million burning a hole in your pocket

[ullmandds]

probably oceanfront property

[Hankphenom]

Originally Posted by ullmandds

probably oceanfront property

with a lot of beach or other land in front of it!

[Rhotchkiss]

I was a buyer on the Doyle for a decent amount less than $1.3mm. I think it is an amazing card and the spike piece to the t206 set, the greatest set of all time. But I recently sold my Doyle, meaning I would rather have the cash I got than the card. I will reinvest some of the proceeds back into cardboard. I also like have dry powder for other things, including real estate deals that I put together. So, I have literally chosen real estate over a Doyle. I voted real estate

[oldjudge]

I'm not sure what kind of oceanfront property you can buy for $1.3 million--nothing in SoCal. That said, I wouldn't pay $1.3 million for a non-HOFer, no matter how scarce the card was. That just demonstrates the idiocy of set collecting. If there was an equally rare Doyle in a less popular set it would sell for maybe a thousand.

[puckpaul]

I actually think the Doyle is a better buy, given its rarity and the amount of well-healed buyers of T206s. Prime real eatate has gone even more nuts than vintage cards. I think the Doyle has a lot of room to appreciate (i did NOT buy this one or own one).

That said, for all of the three items, the only one for which the price isnt a lot of money is real estate. You cant buy high end real estate for $1.3mm. If yiu are one of the 50-80 people who own a wagner and want to complete the T206 set, there aer a lot fewer Doyle’s. But Doyle doesnt attract nearly as many people who want to just own an iconic card. Interesting poll.

[packs]

Who do you guys think is paying for Doyle? Personally, my guess is a longtime (see old) T206 collector, and maybe only a small handful of other people like him as competition.

What about 20 years from now when these collectors are replaced? Does the Doyle still command attention to the tune of over a million dollars? I would guess no.

[G1911]

Index fund and retire. If I had unlimited money I still could not spend a million dollars on a cardboard picture of a dude, it's too much of a waste. I'd give the $1.3 to a friend so they could retire also, give it to a cause I like, you could do so much good rather than have a single baseball card.

[mechanicalman]

Originally Posted by packs

Who do you guys think is paying for Doyle? Personally, my guess is a longtime (see old) T206 collector, and maybe only a small handful of other people like him as competition.

What about 20 years from now when these collectors are replaced? Does the Doyle still command attention to the tune of over a million dollars? I would guess no.

I never understand the argument that collectors of these vintage sets will dry up in the future. The set in question is already 114 years old. Why will it suddenly lack interest when it’s 134 years old?

That said, I’m not a set builder, and I don’t buy non-HoFers, so Doyle never interested me. I would have voted real estate, but if I’m being honest, I divested some big cards last year to buy cars and a boat. Far worse investments than cards or real estate. 😂 But the new acquisitions are a ton of fun and were worth parting with a few cards sitting in a bank vault.

[darwinbulldog]

Originally Posted by oldjudge

I'm not sure what kind of oceanfront property you can buy for $1.3 million--nothing in SoCal. That said, I wouldn't pay $1.3 million for a non-HOFer, no matter how scarce the card was. That just demonstrates the idiocy of set collecting. If there was an equally rare Doyle in a less popular set it would sell for maybe a thousand.

Almost certainly there are several equally rare Doyles in less popular sets. And I'm sure you're right about the price.

[Schwertfeger1007]

Originally Posted by oldjudge

I'm not sure what kind of oceanfront property you can buy for $1.3 million--nothing in SoCal. That said, I wouldn't pay $1.3 million for a non-HOFer, no matter how scarce the card was. That just demonstrates the idiocy of set collecting. If there was an equally rare Doyle in a less popular set it would sell for maybe a thousand.

Kind of like spending insane money for relatively unknown California Leaguers while putting together an even tougher set ???

[oldjudge]

[QUOTE=Schwertfeger1007;2365064]Kind of like spending insane money for relatively unknown California Leaguers while putting together an even tougher set ???


Agree 100%

[z28jd]

It feels like people have different opinions of what "burning a hole in your pocket" means. I took it as you have to be set in life to have $1.3M just burning a hole, so investing wouldn't come into the thought process.

If I just had $1.3M for nothing in particular, I'd just start giving it to relatives, but that wasn't an option.

I have zero interest in owning real estate, especially since I'd already own something in this scenario of being set in life.

I have a Babe Ruth bat that was used in the original Babe Ruth movie. I also don't really collect memorabilia.

I collected T206 cards for years, so this was an easy choice for me. I picked the Doyle card. If in theory I'm willing to give away the hole-burning money, then I wouldn't care if it lost value over the years.

[CJinPA]

Originally Posted by Rhotchkiss

I was a buyer on the Doyle for a decent amount less than $1.3mm. I think it is an amazing card and the spike piece to the t206 set, the greatest set of all time. But I recently sold my Doyle, meaning I would rather have the cash I got than the card. I will reinvest some of the proceeds back into cardboard. I also like have dry powder for other things, including real estate deals that I put together. So, I have literally chosen real estate over a Doyle. I voted real estate

Same - and about to divest of some of my nicer e92's for some real estate. though my RE is digital - BITCOIN! my 2019-2023 BTC will finance my next round of collecting. I really need to add a Ruth and Mantle to my collection but don't see that happening until around 2026 when this next crypto bull run is coming to an end.

Now back to OP. That photo-matched bat is something else!!! loved seeing that in the REA auction!

[2dueces]

Summer cabin in Colorado to escape the Texas heat.

[Scocs]

I can’t physically live on a baseball card or bat….

[RCMcKenzie]

Taco Bell

[butchie_t]

Ocean from property in Arizona, I hear it's going places..... snort.

Real Estate for sure, my wife would kill me and sell the card in an instant.

So if I want to live a little longer......

Butch

[BobbyStrawberry]

Originally Posted by Hankphenom

with a lot of beach or other land in front of it!

Or flip it while it's still not underwater...

[dnilgis]

Originally Posted by ullmandds

probably oceanfront property

although nice, if you really were to invest in any land, it should be ag land, there is a large sale in my neighborhood next week, 1.3m should be able to get 250ish acres of productive ag land, that is where you should invest.

https://www.schraderauction.com/auctions/8502

link to auction, should be a fun one.

[Bigdaddy]

I look at the question a couple of different ways:

• First, if I had $1.3M 'burning a hole' that I wanted to invest, then I'd choose the one that I thought would bring the best returns, looking at each solely as investment vehicles. I'm sure we can all agree on which one that is . Me personally, I'd pick the Ruth bat. Too much cost of ownership of the RE and I think the Doyle has a smaller audience.
• Or second, If I had $1.3M to 'blow' without regard to ROI, I'd pick the one that would give me the most joy. For me, that's not a piece of cardboard or wood, but a nice spot on a lake or river where I can spend some time reeling in fish I have not yet caught.

[rats60]

I don't like polls like this which have no correct answer. The correct answer is none of the above. I guess the OPs point is, who is spending 1.3 million dollars on an error card on a nobody? If I am spending 7 figures on a card, it would have to be a t206 Wagner or a Baltimore News Ruth. I am not spending 7 figures on a bat, even Ruth. I am not spending 7 figures on real estate.

The best use of this money, in my opinion, would be to diversify. Buy a nice Ruth, Cobb and/or Wagner card(s), put some into a reasonably priced vacation home and put some into savings.

[pawpawdiv9]

I go mud wrestling with the wcw girls and have a blast doing so