1914 Cracker Jack set

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Posted By: John

This kind of stuff amazes me.

What makes any of you feel the buyer got a steal of a price? $1.5 million for the set then why didn’t it sell for $1.5million vs. $800k? Jackson at $500k by it self so with that price bracket given the new owner could sell both the Cobb and Jackson replace them with slightly lesser condition examples and have a mint 1914 CJ set for virtually no out of pocket expense.

If you feel the buyer got a good deal because he got a perfect group of 1914 CJ’s, which will probably never, surface again and he had the cash to do so, I agree. If you feel he paid well below the monetary value of the group of cards I would have to disagree.

I don’t feel in any way this guy got a deal. He paid a ridiculous amount of money for something he obviously wanted very badly. I would also go, as far to say that the majority of the people blowing these super sized chunks of cash on these cards will be hard pressed to have any kind of return on their investments if they choose to sell. I have seen many cards from auctions like the Harris and others re surface for sale 4 or more years later only to break even or sell for 15%-30% less than the original purchase price.

So I raise these questions:

1.)If you had a powerball windfall today. Would you drop this kind of coin on these super high-end cards (PSA 9,10) or buy the next step down in grade (PSA 6,7,8) and enjoy the money you saved.
2.)Do you think card prices like these are silly gross overpays or sound justified investments and why?
3.)Do you think prices like this will continue or will this stratosphere buying continue into future generations of collecting and why?