REA: 4 Planks & 5 Magies

[4815162342]

My wife has "The Young and the Restless"; I have Net 54!

[calvindog]

Originally Posted by uniship

i predict that restored plank sells for $45k. an excellent flip is my guess. congrats to the flipper if it plays out like i think it will.

In 2007 a fantastic Plank PSA 1 sold for $21,150.

http://www.robertedwardauctions.com/.../2007/138.html

It would boggle the mind to think that a restored one -- not simply a trimmed one but a restored one -- would sell for even that much.

[barrysloate]

It's already pretty high with multiple bids, and is doing better than some of REA's graded ones.

[uniship]

Calvindog - i hear you but i just have a feeling this one's going for a lot more than 21k. I think there is a group of collectors that just like high-end looking cards over completely legitimate examples. i am not one of those collectors - i like the rare, beat-up unaltered stuff.

45k including the BP is still my guess. total guess on my part - but i think we'll witness a textbook homerun flip here.

[Rob D.]

Originally Posted by Jim VB

Asshat!

Hope to meet a lot of you guys at the National. Look for me on the floor:

[Jim VB]

Originally Posted by uniship

Calvindog - i hear you but i just have a feeling this one's going for a lot more than 21k. I think there is a group of collectors that just like high-end looking cards over completely legitimate examples. i am not one of those collectors - i like the rare, beat-up unaltered stuff.

45k including the BP is still my guess. total guess on my part - but i think we'll witness a textbook homerun flip here.

I honestly hope you are right. I would hate to see anyone, even JP, take a bath on a flip like that. But my question is, if there are people out there willing to spend $45,000 on that card, where were they in March when Legendary auctioned it? Can REA's reputation be worth double what that card sold for in March?

I assume he will break even. I'll be happy if he makes a few bucks. Keep in mind, this is an internet only item. It will not be in the catalog when that drops.

[barrysloate]

If in fact this card sells for significantly more than it did in Legendary, the end result will be everyone will be scouring the next Legendary Auction for bargains. And of course at that point any possible chance for a bargain will be gone. The market has a way of finding its balance.

[Jim VB]

Originally Posted by barrysloate

If in fact this card sells for significantly more than it did in Legendary, the end result will be everyone will be scouring the next Legendary Auction for bargains. And of course at that point any possible chance for a bargain will be gone. The market has a way of finding its balance.

Excellent thought. I hadn't looked at it that way.

The converse is, however, Legendary will struggle, even moreso, for consignments.

[calvindog]

Originally Posted by barrysloate

If in fact this card sells for significantly more than it did in Legendary, the end result will be everyone will be scouring the next Legendary Auction for bargains. And of course at that point any possible chance for a bargain will be gone. The market has a way of finding its balance.

More and more people are simply not participating in Legendary. Grand jury investigation, lawsuits, consignors not being paid, barking dogs into phone receivers -- and add in all of their generally disgusting behavior and there you have it.

[JP]

With mine having twice the starting bid of the stained SGC 30 Plank ($5000 vs. $2500), and an OPEN estimate instead of $10-20K like the SGC 30 Plank, I think mine will exceed the price of that Plank. I can't see ANY SGC 30 Plank selling for less than $30-35K, so I've got a gut feeling my "flip" is going to well exceed my original purchase price. Chalk it up to wishful thinking if you'd like, but the card IS in far better condition than any other restored Plank -- looks like a PSA 9. It has only had its corners added to and a paint touchup....it has NOT been trimmed.

Originally Posted by barrysloate

If in fact this card sells for significantly more than it did in Legendary, the end result will be everyone will be scouring the next Legendary Auction for bargains. And of course at that point any possible chance for a bargain will be gone. The market has a way of finding its balance.

And as I've said from day one, I think Legendary/Mastro's issues and rep caused this card to sell for MUCH less than it should have.

[barrysloate]

Jeff and JP- despite Legendary's rep and disastrous PR, there are no shortage of bargain hunters out there. I don't care how much people dislike bidding with them, if there are key lots selling at 50% of retail there will be somebody looking to buy them. I realize in this instance JP's Plank may do much better this time around, but the word will get out and everybody will be scouring for future bargains. And at that point there won't be bargains anymore. It's very hard to find affordable inventory these days and I can assure you I and others will be paying attention when Legendary's next catalog comes out.

[JP]

Originally Posted by calvindog

In 2007 a fantastic Plank PSA 1 sold for $21,150.

http://www.robertedwardauctions.com/.../2007/138.html

In 2009, a PSA 1 sold at REA for $38,188.

http://www.robertedwardauctions.com/.../2009/212.html

[JP]

Originally Posted by barrysloate

Jeff and JP- despite Legendary's rep and disastrous PR, there are no shortage of bargain hunters out there. I don't care how much people dislike bidding with them, if there are key lots selling at 50% of retail there will be somebody looking to buy them. I realize in this instance JP's Plank may do much better this time around, but the word will get out and everybody will be scouring for future bargains. And at that point there won't be bargains anymore. It's very hard to find affordable inventory these days and I can assure you I and others will be paying attention when Legendary's next catalog comes out.

I couldn't agree more. Do you think it will take long before Legendary's prices come all the way back to comparable with the other major houses?

I still can't believe that no one has caught on to Coach's Corner's unbelievable low prices!!!

[barrysloate]

JP- as I said earlier markets have a way of seeking their own level. If something is underpriced there is no shortage of people willing to buy it.

[Jim VB]

Originally Posted by barrysloate

JP- as I said earlier markets have a way of seeking their own level. If something is underpriced there is no shortage of people willing to buy it.

Very true, Barry. I think Legendary's problems will come from a drop in good consignments. If you had a Plank to move, why go to Legendary and have it auction for $21,000 if REA gets substantially more?

Whatever they do get consigned, there will always be buyers for.

[Jim VB]

Originally Posted by JP

I still can't believe that no one has caught on to Coach's Corner's unbelievable low prices!!!

I don't know that there is a reliable price tracking mechanism for fake memorabilia.

[JP]

Originally Posted by barrysloate

JP- as I said earlier markets have a way of seeking their own level. If something is underpriced there is no shortage of people willing to buy it.

I hope you got that the Coach's reference was deep sarcasm...unless you were referencing Legendary. Coach's fake items should always stay low...until the corporate heads are sent to prison. I, too, would like a real Babe Ruth bath for $11,000.

[barrysloate]

I wasn't referring to CC. They don't count.

[fkw]

Doyle is rare.

Wagner, Plank, Magie are not so rare.

[wonkaticket]

Re-built or not the fact is the Plank is a great looking card.

And if a collector want's a 150 series Plank which will always have a better image he hasn't had much choice in un-altered copies.

The last 4 out of 5 150's for sale I know of have all been altered.

PSA 7 Copeland Plank "Harris Collection" known trimmed card.



AUTH Wagner-Mate Plank REA "Trimmed"
(One of only a few P150 cards, the only one that isn't in poor cond or missing colors...the others were part of the Halper collection, it's also connected to hobby's most valuable card)



AUTH FrankenPlank SGC Huggins Scott Rebuilt background and corners and color added. (Has sold several times in both raw, PSA and SGC for around 15-24k)



AUTH PLank in REA now Re-built Corners



Just are not that many 150's floating around 350's come up way more. That could be because they are tougher or that folks keep the better looking and sell the fuzzy 350's....

As far as what it will fetch I guess we will find out..as a bidder I wouldn't pay twice as much as the market set less than 60 days ago. No matter what auction house was re-listing it.

Cheers,

John

[chiprop]

All t206 cards are super common and in my opinion, a horrible investment! A rare card is one rarely seen, and the Plank aint one of 'em.

[Potomac Yank]

We have The Big ONE!

[JP]

Originally Posted by Potomac Yank

We have The Big ONE!

The "Big One" is an obvious reference to the elusive Joe Jackson proof, no?

[uniship]

is the big one cobb/cobb?

[wonkaticket]

D-day...(Doyle) Not many folks are there but big Joe is!

[JP]

Originally Posted by wonkaticket

D-day...(Doyle) Not many folks are there but big Joe is!

I find the Doyle variation as interesting as Nodgrass....which would be not at all.

[wonkaticket]

JP really???

You put the Doyle NY. Natl. in the same league as a missing S Nodgrass plate error card???

That makes no sense as a fellow T206 collector...the Doyle is the king of T206 cards in terms of toughness...no other T206 comes close.

Wagner, Plank & Magie are just a question of cash...but even with cash you would have a hard time getting any Doyle let alone a nice example.

[sgbernard]

Wonka, I'm there with you: I stopped collecting T206s a long time ago and will never afford a Doyle, but it's a difference between a plate error (nodgrass) and a full error run in adding the Nat'l. It's apples and oranges.

Also, the story about Larry Fritsch, a hobby pioneer, putting ads in SCD trying to buy up all examples quietly is legendary and only adds to the card's interest. It's the big one rarity-wise, a truly great card.

[wonkaticket]

Seth agree 100% as T206 collector you can always use the out on the Cobb/Cobb back and dispute if it's a T206 or not.

But with Doyle theres no getting around that card on a checklist...

[Potomac Yank]

Flippers follow the Market, and really believe that their portfolio is a collection.

Collectors know their tobacco cards.

[JP]

Originally Posted by wonkaticket

JP really???

Yup, really. I find a broken printing plate as interesting as a quick correction by the tobacco companies to correct Doyle's team designation.

Doyle and Snodgrass will never be as interesting as the unsolvable mysteries surrounding Plank and Honus being printed and then pulled...

[barrysloate]

In a manner of speaking the Doyle, Nat'l was pulled too. They stopped making them.

[JP]

Originally Posted by barrysloate

In a manner of speaking the Doyle, Nat'l was pulled too. They stopped making them.

I heard they were made but not distributed to the public, then they dumped them in the ocean with 1952 Topps...

But seriously, yes, they were pulled, but it isn't a complete mystery as to why. The anti-tobacco, license for likeness use, etc. mystery will live on forever.

[Potomac Yank]

Flippers follow the Market.

[barrysloate]

JP- are you not a fan of the Magie error either? That's a valid T206 variation, and a rare one.

[JP]

I think I like it just as much because I've heard some interesting theories about why it was changed and other misspellings weren't, one of them being that Sherry was one of the few ballplayers at the time that could actually read...

[Potomac Yank]

You're proving our point.

[JP]

Originally Posted by Potomac Yank

You're proving our point.

What point? I'm entitled to whatever opinion I'd like as to what I find interesting and what I don't. You aren't a sophisticate or better educated just because you happen to have a differing opinion. Am I not supposed to find the Magie error interesting?

[slidekellyslide]

Originally Posted by JP

I think I like it just as much because I've heard some interesting theories about why it was changed and other misspellings weren't, one of them being that Sherry was one of the few ballplayers at the time that could actually read...

Got a cite for that?

[JP]

Originally Posted by slidekellyslide

Got a cite for that?

Yup, heard (read) it on these very forums. Search for it if you'd like to find it, but it's here somewhere...

[Potomac Yank]

And don't hold your breath about the Magee/Magie reading site ... let JP talk.

[JP]

Originally Posted by Potomac Yank

And don't hold your breath about the Magee/Magie reading site ... let JP talk.

Nice attitude, especially since 4 minutes prior I already told him where I read it...

[slidekellyslide]

Well, I don't recall anyone on this site saying that and I imagine trying to find that in the archives won't be easy. I'll take your word that you heard it here, but right now I'll call BS on the story. I doubt there was a single ballplayer illiterate or not that did not know how to at the very least correctly spell his own name. Joe Jackson was illiterate, but contrary to popular belief he could write his name.

[JP]

Whoa, whoa, whoa. NO WHERE do I state that the story is factual. I just said I heard an interesting story, and it WAS on these forums. I honestly know NOTHING about the state of literacy at the time, so I cant speak to that point. When I'm not on my iPhone I'll try searching for it. Know any search function tricks?

[Potomac Yank]

Asked to back up his BS, and he produces a nebulous nada, and prays that you take it as a fact.

Will someone please break it gently to JP that Christy Matthewson was not the only ball player from that period to go to college.

Lad, you couldn't cut it where I come from.

[Jim VB]

Kudos to Dan B, for using "cite" and "site" in back to back posts and getting them correct! You rarely see that on the internet!

Now who's making fun of the Cornhuskers?!!!!

[barrysloate]

Dan's posts are a sight for sore eyes...not to be confused with an ophthalmologist's page which is a site for sore eyes.

[JP]

Potomac, try not to be jerk. I already told you that it was mentioned in these forums, and I'm not educated enough on the subject to give my own opinion. Look for the post yourself and then you can berate whoever the author was...

[Touch'EmAll]

Given the number of these 2 items in the REA auction -how relatively rare are they?

I pulled out from submitting a Cobb T206 Green because I learned there were already a couple of them in the auction. Seemed to be too many to get a great price.

I have a 1925 Ruth Postcard PSA 5 - Maybe the single highest grade of this item ever (or second highest). It is more "rare" than these Plank T206's. But the market price will only fetch , maybe $3k. - for a 1920's Ruth card for crying out loud.

And how much for a not-one-of-a-kind Plank?!?!?!?!?!?!

Jeesh, go figure. Only thing I can come up with is this hobby is driven primarily by Demand, demand, demand. Not supply.

[slidekellyslide]

Originally Posted by Jim VB

Kudos to Dan B, for using "cite" and "site" in back to back posts and getting them correct! You rarely see that on the internet!

Now who's making fun of the Cornhuskers?!!!!

Jim, I am a graduate of Nowledge U.