August 2024 Heritage Auction

[GaryPassamonte]

Six lots over $1 million so far. That must be a record for one auction?

[brunswickreeves]

According to Ace…

[Topnotchsy]

Prices have been interesting (to me anyways).

Surprised by how low the Frank Robinson 500 HR bat went for, though it reinforces how underrated he is. Robin Yount's 3000th hit bat sold not long ago for $100K more.

I thought $40K for the Musial jersey seemed like a great deal.

[Jdoggs]

1952 topps mantle psa 8 sold for $1,380,000 in heritage last night. Went for more than previous few sales of psa 8. As a result, this should increase the value of lower grade 52 topps mantles.

[jjbond]

Still following my first consignment. This is far more exciting than listing something on ebay with a "buy it now"

[samosa4u]

Originally Posted by Jdoggs

1952 topps mantle psa 8 sold for $1,380,000 in heritage last night. Went for more than previous few sales of psa 8. As a result, this should increase the value of lower grade 52 topps mantles.

That's not how it works. A few years ago, the PSA 8 was going for 2M and then dropped significantly, but the lower grades were not impacted by this at all.

[Jdoggs]

Originally Posted by samosa4u

That's not how it works. A few years ago, the PSA 8 was going for 2M and then dropped significantly, but the lower grades were not impacted by this at all.

The mid grades will go up in value. Not grades of 1 or authentic.

[parkplace33]

Originally Posted by Jdoggs

The mid grades will go up in value. Not grades of 1 or authentic.

Disagree with your logic. There are only 30 PSA 8 Mantles, which greatly impacts availability. I don't see how this impacts mid grade mantles at all. Apples to Oranges.

[Jdoggs]

Originally Posted by parkplace33

Disagree with your logic. There are only 30 PSA 8 Mantles, which greatly impacts availability. I don't see how this impacts mid grade mantles at all. Apples to Oranges.

Rising tides lift all boats. If PSA 8 goes up, then PSA 6 should follow and benefit.

[samosa4u]

Originally Posted by parkplace33

Disagree with your logic. There are only 30 PSA 8 Mantles, which greatly impacts availability. I don't see how this impacts mid grade mantles at all. Apples to Oranges.

Exactly - that's what I'm trying to tell him. Apples and oranges. When the PSA 8 went from 2M to 1.5M and then close to 1M, then the mid-grades should've dropped too then, right? But that's not what happened. Mid and lower grades just kept going up.