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Jay is my friend and I have high regard for him, and I do not want to speculate on his motive. That said, I couldn't agree more with this point, and from my perspective, if through hard diligence (e.g., reading trading journals, making connections, going to obscure trade shows, doing detective work, etc.) I uncovered a gem that likely others in my field did not know about, I would be pissed as hell if someone outed that auction. Last edited by benjulmag; 04-09-2024 at 10:14 AM. |
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In regard to using Bonhams to sell this card, Bonhams is a highly regarded auction house headquartered in the height of a high-trafficked retail area in midtown Manhattan. They have locations throughout the world. Likely for an item such as this the card will reach its market level. Where a selection of Bonham's as the AH for a baseball card consignment (i.e., items outside the AH's recognized areas of specializations) will have an adverse impact is in the instance of a multi-lot collection. In that instance, the lack of a sufficient number of baseball card collectors in their customer base would likely result in some items going for less than they would in an AH that specializes in baseball cards.
I think we saw that in the recent Christies sale. That sale featured items from two spectacular sports memorabilia collections, and in my view some of the items went for significantly less than I perceived their market value to be. Last edited by benjulmag; 04-09-2024 at 10:16 AM. |
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Ruth Rookie
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Nothing gets missed this day and age. Nothing. Everyone is out to hoard, or flip, or buy with the intent of making even a small margin or Dollar cost averaging to protect their assets, or add an epic card.
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
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From time to time, I see someone selling stuff on eBay with a low BIN, just because they don't know what they have. I've personally even picked up a couple of pieces at attractive prices this way.
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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 |
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$762k with BP Thoughts?
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
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How much less would it have sold for without this thread’s free advertising? It still would have sold for much more in REA or Heritage. |
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Seems low but the market has softened a bit AND that number has too many digits for my budget so I am not an expert.
Maybe Jay, who told us about the auction, can shed some light on the strength of the sale.
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( h @ $ e A n + l e y |
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You are correct the market has softened a bit
But I honestly felt it should have gone for more but it did not have the broad exposure of other auction houses to get more eyes and bids on it. A High Grade Ruth are rare and I high grade Ruth Ad Back is even more so and more desirable. Mu un-educated experiences feels in REA, Heritage, Memory Lane that it would have gotten several more bids even in this market and closed out closer to $900K. Good for this particular buyer to get it at that price but I feel the consignor could have gotten more money for it
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
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( h @ $ e A n + l e y |
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It’s probably just me or my computer equipment but when I go to the link I’m not seeing a picture of the reverse
https://www.bonhams.com/auction/3037...delsohn-c1916/ |
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For a poor schmuck like myself, $762k is nowhere close to $900k.
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I respectfully disagree
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I think the card went very cheap. A creased SGC 2 sold for $313k in October of 2021. I would think a PSA 5 would be at least 2.5x an SGC 2, or $782k. Add 2.5 years to that last comp, 2.5 years in which the card market has gone nuts, and I think it should have been $1mm+.
I believe the card would have gotten much more in a US sports-card auction, and the consignor did themselves an expensive disservice here. Had Jay not outed the auction, the disservice may have been even more expense. |
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Prices are a lot lower now than they were 2.5 years ago.
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This is a generalization and it is false in many cases. Ruth rookies are not lower compared to 2021. Almost all Ruth stuff is more today than 2.5 years ago. Same is very true with Wagner cards. Most Cobbs have retained value (t206 down some for sure), and Joe Jackson is much higher.
Yes, 2021 was a high point for some cards, but most certainly not for all, and many, including Ruth, are worth more today than 2.5 years ago. |
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I was the underbidder. Just missed.
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Ruth Rookie
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I follow 52's, and although there are outliers, not all have come down. Many, in fact have risen and continue to do so.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
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http://www.flickr.com/photos/calvindog/sets |
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I would venture out on a limb and say that card is presently worth 762k.
Last edited by MattyC; 04-10-2024 at 01:48 PM. |
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But we will never know what could have been.
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
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Re: High Grade Ruth Rookie
I respectfully disagree. I don't think we can reach any conclusions about the current "market value" based on this auction. The winning bidder may have had several more increments left and would have happily paid north on $1M for it. Regrettably for the consignor, there was no third party willing to push it to that level. If that card were offered at a private sale for $1.2M and the buyer agreed, wouldn't that establish a true "market value"?
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Please visit my website at http://t206.monkberry.com/index.html |
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( h @ $ e A n + l e y |
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