Health of Asset Class - Over/Under 1955 Topps Koufax PSA 9

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#11

09-14-2023, 10:18 AM

jsfriedm

Jeremy

Member

Join Date: May 2020

Location: Medford, MA

Posts: 330

As far as the really high end, I don't think this was an isolated incident. In Heritage's August auction, they had a 1952 Topps Mantle SGC 9 for which they had an estimate of $6 million+. They started the bidding at 2 mil, and three days before closing it had only reached 2.35, when they posted a 4.5 million reserve. Half an hour before the end of the auction they suddenly reduced the reserve to 3.75 and got one bid, so they could say it sold, for 4.5 million. In the same auction, they had a 1933 Goudey Ruth 144 PSA 8.5 with an estimated value of 1.5 mil+ that barely made it to 1 million. I do think there are signs of softness at the high end.

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