Dmitri Young collection prices!? WHAT!

[Volod]

Call it sour grapes, but I hope to live long enough to see the investment market for collectible cards collapse. Then, grinning toothlessly while my palsied hands caress my old pasteboards, I will know they are worth exactly as much as those once owned by the great Dmitri.

[travrosty]

he could have spent the 5 million on as many t206 wagners as he could hoard and he would have probably made a profit. the prices for wagners is crazy too but understand the mystique and lore, not the mystique and lore of a psa 10 joe shlobotnik rookie card.

[theseeker]

If grading serves and the registry never existed, would these gem mint tens get anywhere near the premium they have received over an eight or a nine? Did the Willie Horton RC get a lot more desirable in that gem mint slab? It did get a lot more expensive. PSA sure make Dimitri a lot of money on that one.

[mcadams]

I'm a little surprised by some of the comments I've read here so far about the SCP Auction. I'm not saying that I personally think any of Dmitri's collection was worth what was paid...however, his collection of PSA graded RC simply has no equal in the market. The majority of what sold was psa10 pop 1 versions of Hall of Fame Members. What's confusing about the attraction there?

The 55 Clemente is an absolutely beautiful card, as is the 54 Aaron, and I'm not surprised at the hammer price for either. I questioned several aspects of the Rose when I first got my SCP catalog and I was surprised that it fetched what it did.

Lastly, it is NOT simply an "investor" that is buying these cards for financial purposes. These are baseball junkies, guys that post on other card forums everyday just like you do, that bought the vast majority of Dmitri's collection.

This auction, like many other recent auctions, as well as sales on Ebay, have all pointed to a rally in high grade, low-pop HOF RCs from the 50s-70's.

[Volod]

Rally is good, said Gordon Gecko.

[theseeker]

Originally Posted by mcadams

I'm a little surprised by some of the comments I've read here so far about the SCP Auction. I'm not saying that I personally think any of Dmitri's collection was worth what was paid...however, his collection of PSA graded RC simply has no equal in the market. The majority of what sold was psa10 pop 1 versions of Hall of Fame Members. What's confusing about the attraction there?
The 55 Clemente is an absolutely beautiful card, as is the 54 Aaron, and I'm not surprised at the hammer price for either. I questioned several aspects of the Rose when I first got my SCP catalog and I was surprised that it fetched what it did.

Lastly, it is NOT simply an "investor" that is buying these cards for financial purposes. These are baseball junkies, guys that post on other card forums everyday just like you do, that bought the vast majority of Dmitri's collection.

This auction, like many other recent auctions, as well as sales on Ebay, have all pointed to a rally in high grade, low-pop HOF RCs from the 50s-70's.

The over-the-top premium placed on PSA 10's by guys that use words like "pop 1." Again, take a PSA 10, 9, and 8 out of their slabs and sell them raw, there simply isn't the stupifying difference in price. There wouldn't be any justification for that kind of price difference without the slab and registry. For many of us there still isn't.

[doug.goodman]

Originally Posted by theseeker

The over-the-top premium placed on PSA 10's by guys that use words like "pop 1." Again, take a PSA 10, 9, and 8 out of their slabs and sell them raw, there simply isn't the stupifying difference in price. There wouldn't be any justification for that kind of price difference without the slab and registry. For many of us there still isn't.

I agree.

The fact is, people who pay those kinds of numbers for a card, are actually paying for the holder. Yes, the card is in wonderful shape, but take it out of the holder and they wouldn't have paid that amount.

I appreciate that some people collect holders, and I have no problem with that.

Doug

[mcadams]

I think you're missing the point that these buyers like being able to say that they own the best of something.

We can all debate what the true value gap should be between something deemed to be Mint vs. Gem Mint (according to TPG standards), but when there is only 1 BEST version of something (that can be a card or a coin or a comic or a house), there will always be people willing to pay a significant premium to say theirs is best.

What I hear you offering up is hypothetical "if you take it out of the holder" then....etc. etc. etc. I don't think you understood why the owners of those cards had them graded to begin with.

I've never said that any TPG was perfect..none of them are... But some people like to think the services offered by TPGs are meaningless and that the grades provided by TPG are meaningless. That's just an absurd notion that is completely out of sync with today's marketplace.

[Eric72]

Originally Posted by mcadams

...This auction, like many other recent auctions, as well as sales on Ebay, have all pointed to a rally in high grade, low-pop HOF RCs from the 50s-70's.

Quite the prescient statement there. Kudos, sir.

[BBB]

Originally Posted by mcadams

I'm a little surprised by some of the comments I've read here so far about the SCP Auction. I'm not saying that I personally think any of Dmitri's collection was worth what was paid...however, his collection of PSA graded RC simply has no equal in the market. The majority of what sold was psa10 pop 1 versions of Hall of Fame Members. What's confusing about the attraction there?



The 55 Clemente is an absolutely beautiful card, as is the 54 Aaron, and I'm not surprised at the hammer price for either. I questioned several aspects of the Rose when I first got my SCP catalog and I was surprised that it fetched what it did.



Lastly, it is NOT simply an "investor" that is buying these cards for financial purposes. These are baseball junkies, guys that post on other card forums everyday just like you do, that bought the vast majority of Dmitri's collection.



This auction, like many other recent auctions, as well as sales on Ebay, have all pointed to a rally in high grade, low-pop HOF RCs from the 50s-70's.

+1. It's a good thing.

[mintonlyplz]

He probably wishes he would have most of those back considering the market today.

[begsu1013]

i know of 13 of them that he aint getting back!