Poll: Final Hammer Price - 1914 BN Babe Ruth vs the 1952 Rosen Topps Mantle

[raulus]

Welp!

$7.2M, with the juice.

The crash is here!!

[Peter_Spaeth]

Originally Posted by raulus

Welp!

$7.2M, with the juice.

The crash is here!!

Let the spin begin.

[MACollector]

I don't think it's a sign of a crash - the estimate of over $10m never made sense to me. Prices are down from 21/22 and the seller paid $6m supposedly to buy it back in 2021. $7.2m isn't bad. Not sure why it would have sold for 2x a price when cards were peak covid heights...

[chadeast]

I thought that not selling the other BN lots was an odd choice (high reserves not met). It seems unlikely that they'll get more in an auction without the star attraction to carry them along. The reserve does help to explain why they were sold in a lot, I think. The seller was not prepared to sell the non-Ruths for what they saw as "low" final bids.

[Peter_Spaeth]

Originally Posted by MACollector

I don't think it's a sign of a crash - the estimate of over $10m never made sense to me. Prices are down from 21/22 and the seller paid $6m supposedly to buy it back in 2021. $7.2m isn't bad. Not sure why it would have sold for 2x a price when cards were peak covid heights...

I think some people feel elite cards are their own submarket and just keep going up independent of the overall card market.

[Hankphenom]

Originally Posted by Peter_Spaeth

I think some people feel elite cards are their own submarket and just keep going up independent of the overall card market.

10M wasn't a bad estimate as it turned out. A million here, a million there, and pretty soon you're talking about real money!

[Rhotchkiss]

While $7.2mm is much less than all the hype, it is a very solid price and a solid profit compared to what it was acquired for not too long ago. Also, I believe this exact card was recently available for sale on (the artist formally known as) Collectible for $8mm, and it never sold. If correct, I am not surprised that it sold for south of $8mm.

I wish it had gone for a zillion, billion million dollars. But $7.2mm is a very solid result in the real world.

[molenick]

Does anyone think the cards will show up as individual lots in a future REA (or other auction)? And will average less than the $9K per card that they ended up at? I am leaning in this direction at the moment.

[brianp-beme]

Originally Posted by molenick

Does anyone think the cards will show up as individual lots in a future REA (or other auction)? And will average less than the $9K per card that they ended up at? I am leaning in this direction at the moment.

I am guessing that the reserve bid amount was $100,000, and the consigner made a mistake in requesting this amount. The top bid possibly came this close to the reserve, and in my mind it is unlikely that these cards, as a group lot or as individual cards, will approach the amount that was (unsuccessfully) bid tonight...the connection with the Ruth card will no longer be physically present at any future auctions.

Brian

[oldjudge]

Originally Posted by Rhotchkiss

While $7.4mm is much less than all the hype, it is a very solid price and a solid profit compared to what it was acquired for not too long ago. Also, I believe this exact card was recently available for sale on (the artist formally known as) Collectible for $8mm, and it never sold. If correct, I am not surprised that it sold for south of $8mm.

I wish it had gone for a zillion, billion million dollars. But $7.4mm is a very solid result in the real world.

Ryan—Why $7.4MM? Did REA raise their BP? Solid night for the consignor; kind of a gut punch for REA, especially with the other BN cards not selling. No need to hold a bake sale for them, but still somewhat of a black eye.

[Rhotchkiss]

Originally Posted by oldjudge

Ryan—Why $7.4MM? Did REA raise their BP? Solid night for the consignor; kind of a gut punch for REA, especially with the other BN cards not selling. No need to hold a bake sale for them, but still somewhat of a black eye.

Oops -- $7.2mm. Too late for math!!

[rjackson44]

Originally Posted by Rhotchkiss

While $7.2mm is much less than all the hype, it is a very solid price and a solid profit compared to what it was acquired for not too long ago. Also, I believe this exact card was recently available for sale on (the artist formally known as) Collectible for $8mm, and it never sold. If correct, I am not surprised that it sold for south of $8mm.

I wish it had gone for a zillion, billion million dollars. But $7.2mm is a very solid result in the real world.

Hi agree 100 pct . Many folks were saying 15 million plus ,oh well