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#1
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You think Goldin is struggling to keep up?
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#2
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The BP percent will not go down when the market cools and other Auction Houses will keep an eye on Goldin and if they feel Goldin is not losing consignments and sales from it then they will follow with increasing their BP percentage.
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Rare early Ruth Cards and Postcards Rare early Joe Jackson Cards and Postcards 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1911 Pinkerton Joe Jackson |
#3
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I predict all major AHs will now go to 22 percent by the beginning of 2024.
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#4
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I would predict Heritage would be the first to follow.
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195/240 1933 Goudeys (Ruth #144, #149, Gehrig #92) 131/208 T205s 46/108? Diamond Stars |
#5
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Drew, I'll give it until the end of 2024.
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Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. Also E222 cards of Lipe, Revelle & Ryan. |
#6
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CU has a near monopoly situation with PSA and that registry. I think they underestimated the collective (pun intended) strength of all the other AH when they acquired Goldin. When you look at all the great stuff continually offered by the other AH, both the major and smaller ones, there's a ton of really high-quality items Goldin isn't getting a piece of. In short, I think CU expected Goldin to dominate the AH space to a far greater extent than they are, and this price increase may be a reaction to that. IMO it will only give them a competitive disadvantage. I would bet large that Hunt, specifically, will not go from 17.5% to 22% for at least a few years, if ever. |
#7
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Mark, I'd almost be happy for Hunt to increase its BP from 17.5% to 20%, provided this increment was used to acquire state-of-the-art auction software.
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Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. Also E222 cards of Lipe, Revelle & Ryan. |
#8
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I'd rather have the 17.5% and basic website though, and I've found their customer service to be very good. Their catalogs are excellent as well - when they arrive, a quick perusal tells me if there's anything of interest. Each AH will go their own way. They won't all follow Goldin. |
#9
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I'd take the under on that bet
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#10
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Golden now has to answer to CU and the stakes are much higher, for perspective if they had to pay the freight on a $200,000,000 loan at 7% the interest alone would be north of $1.6 million per month or $415,000 per weekly auction.
Of course the pressure is on, CU paid at the top of the market with drunken projections for the future and a poorly designed platform. Don't lose sight that Ken is a really, really good salesman and the CU gang were using OPM for their purchase. It's an exhausting high stakes game that hobbyists don't even need to engage in, imho. Last edited by Casey2296; 09-20-2023 at 09:13 PM. |
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#12
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#13
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I'll posit the 2021 projections were generous at best. The business model was flawed imo at those heady levels. MJ rookies and the whole fomo all boats rise with the tide mentality took hold, when your talking about those corporate investment levels it's no longer about the hobby but serious ROI. I'm no expert thankfully, I'm just a collector but it's not rocket science to observe collectible economic cycles.
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#14
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I have no axe to grind re: Goldin. They are a board advertiser, and I have bought from them many times. I will say that their auctions, at least on the vintage side, have gotten real thin of late. Some of the weekly auctions are super unimpressive.
Everyone who rushed to weekly and monthly auctions should go back to 3 or 4 a year. Market has been changed and not for the better. It's relentless and waters down your product. |
#16
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Leon Luckey www.luckeycards.com |
#17
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Good to know.
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#18
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When I posted my last message, concerning Goldin advertising here, I hadn't known about emails that went to spam yesterday. They might start advertising again very soon, in some form.
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Leon Luckey www.luckeycards.com Last edited by Leon; 09-22-2023 at 07:44 AM. |
#19
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel Last edited by raulus; 09-21-2023 at 07:44 AM. |
#20
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#21
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HA.
I don't doubt that's part of it. Another part could just be the administrative side. I suspect most of us struggle to keep good records about every piece we have, and then report each of those individual sales and our gain/loss. Even if you only sell 1 piece each week, that's 52 sales to be tracking and reporting on your tax return. In some cases, your income might be little or nothing, so no real tax to be paid - just administrative stuff to navigate. I'm guessing the average American feels like that entire exercise is one gigantic hassle that they'd prefer to avoid if they can. Plus not wanting to endure the administrative hassle it's a great excuse to feel better about yourself if it also happens to result in you paying less tax.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel Last edited by raulus; 09-21-2023 at 11:10 AM. |
#22
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I do agree that the big auction events have been watered down. REA;s auctions used to be all the rage. They are still great, but dont have the buzz and chatter they used to have. Heritage has an auction every month, which potentially lessens the sensation of their platinum events. All that said, there is still a ton of great stuff coming to auction all the time, so i dont the its affecting the overall quality of material brought to the market annually. Regarding Goldin, I have no issue with them whatsoever and have only had good experiences. That said, I am not sure i have bought anything from Goldin since it was sold - I think the website/interface is annoying and clumsy/non-intuitive and the auctions rarely have items I want. But if/when they have something that appeals to me, I will bid with them and i will do so with confidence. I have never consigned anything to Goldin and I am not sure i ever will- this increased BP makes it even more unlikely. Last edited by Rhotchkiss; 09-21-2023 at 08:31 AM. |
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