August 2024 Heritage Auction

[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.

[Schlesinj]

Did anyone see the Rickey Henderson PSA 10 and SGC 9.5 price difference?

[Rhotchkiss]

Almost all of the stuff I wanted/bid on, and watched closely, in Heritage blew well beyond my higher-end estimates. Specifically, the E107 Wagner and Mathewson. I was the immediate underbidder on the Wagner and in the mix for the Matty, and I was motivated. But they both got to a price I felt was nonsensical and I let them go. It sucks when you think for months you will own something, but get left at the altar bid night.

Regarding the 1952 Topps Mantle, specifically mid-lower grades -- I generally agree that a rising tide lifts all boats. Plus, it seems that Mantle is particularly hot right now. That said, there are very many 1952 Topps Mantles available and I think that will impact the "rising tide". This past Heritage auction had 3, not including the signed one, and the next Heritage auction has 5, not including the one in the complete set. Memory Lane has a 3.5. REA had 3. There are over 25 different 1952 Topps Mantles on Ebay. 1952 Mantles are common, especially in sub-5 grades.

By contrast, high-grade Mantles are not common. Indeed, they are fairly rare. I think the rarity/common disparity will serve to push higher-grade Mantles, while he is especially hot, but put a lid on the growth of lower-mid grade examples.

Good looking, well-centered examples are an exception -- these, too, are harder to come by and I think they are the boats that will be lifted by the rising tide of high-grade Mantle sales.

[NYYFan63]

Can someone explain why the T206 Cy Young portrait PSA 4 went for $11k? I know its from the Ramsburg Collection but wow!

[Touch'EmAll]

I was just going to ask the same thing - about the T206 Cy Young portrait. The back was Sweet Caporal 150/25 - is that a rare back and the reason it went so high ? Or the Ramsburg connection (which the PSA label does not designate) ? It went for over $11.k over double what other recent PSA 4's have sold for.

And the 1935 Wheaties Gehrig, thought I had a chance at reasonable price. Sigh, not to be. I have always wanted on of these orange beauties. I kick myself for not picking up a nice copy when I had the chance years ago.

[Jdoggs]

Originally Posted by Rhotchkiss

Almost all of the stuff I wanted/bid on, and watched closely, in Heritage blew well beyond my higher-end estimates. Specifically, the E107 Wagner and Mathewson. I was the immediate underbidder on the Wagner and in the mix for the Matty, and I was motivated. But they both got to a price I felt was nonsensical and I let them go. It sucks when you think for months you will own something, but get left at the altar bid night.

Regarding the 1952 Topps Mantle, specifically mid-lower grades -- I generally agree that a rising tide lifts all boats. Plus, it seems that Mantle is particularly hot right now. That said, there are very many 1952 Topps Mantles available and I think that will impact the "rising tide". This past Heritage auction had 3, not including the signed one, and the next Heritage auction has 5, not including the one in the complete set. Memory Lane has a 3.5. REA had 3. There are over 25 different 1952 Topps Mantles on Ebay. 1952 Mantles are common, especially in sub-5 grades.

By contrast, high-grade Mantles are not common. Indeed, they are fairly rare. I think the rarity/common disparity will serve to push higher-grade Mantles, while he is especially hot, but put a lid on the growth of lower-mid grade examples.

Good looking, well-centered examples are an exception -- these, too, are harder to come by and I think they are the boats that will be lifted by the rising tide of high-grade Mantle sales.

I agree with you that higher grade 52 mantles since they have smaller population from PSA 5 and above will appreciate at a higher rate then lower grades sub 5 which are more common. And yes good looking well centered ones will always command a premium.

[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.

[Jdoggs]

Originally Posted by samosa4u

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.

Mid and lower grades will go up even more now as the psa 8 went up which is common sense. Since according to you they still went up when the psa 8 was going down they will go up even faster now with psa 8 going back up.

[samosa4u]

Originally Posted by Jdoggs

Mid and lower grades will go up even more now as the psa 8 went up which is common sense. Since according to you they still went up when the psa 8 was going down they will go up even faster now with psa 8 going back up.

There is no connection between the two! The PSA 8 could sell for $900,000 USD next time and the PSA 4 might still keep going up! Why is it so hard to understand what I'm trying to say ??