Dmitri Young collection prices!? WHAT!

[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.

[theseeker]

Originally Posted by 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.

Noooo, I do understand why owners of those cards have them graded to begin with. And, IM not so HO on the subject, that is the absurb notion. It's today's marketplace that is completely out of sync. And there is a thing called a market correction. This hobby has been badly manipulated for the last 3 decades, this is just the latest "hook."

[Cardboard Junkie]

Originally Posted by theseeker

Noooo, I do understand why owners of those cards have them graded to begin with. And, IM not so HO on the subject, that is the absurb notion. It's today's marketplace that is completely out of sync. And there is a thing called a market correction. This hobby has been badly manipulated for the last 3 decades, this is just the latest "hook."

I agree 100%...Just wait till the bottom falls out later this year or early next...collectors wont be able to get 10 cents on the dollar!
And BTW safe deposit boxes are about the least safe place to keep your valuables......The contents are not fdic insured and when the bank doors are locked (as in the great depression) Or after hours, The contents are not yours! And those banks can stay closed indefinitely. If those banks and this economy fails (and I believe it will never recover) your shit is gone! aloha, dave. ps Yes this hobby has been destroyed by TPG. Crooked bastards! Don't give a shit about our beloved hobby and and and shit time, for another bowl and a cold brew. aloha, dave.

[skelly]

A lot has been said already on this thread, so I'll look to keep it rather short. I can see paying $250.000 for a Wagner T-206, or another true rarity that only has say 50-250 total examples in existence. My hang-up is basically I can understand paying $20-30K for a Clemente 10. I love vintage cards. But to pay what it would cost to buy a house ( or 2-4 houses depending on what part of the country you live in ) for a baseball card, that has hundreds of really nice looking copies that could be bought from between $2,000-$10.000. I just don't get it. But that's what makes the hobby great, is that everyone likes different things, etc... In conclusion, I really can't see these Young cards selling for this much ever again. I think that he caught lightning in a bottle by offering them all at once.

[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!

[pokerplyr80]

Originally Posted by begsu1013

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

Let's see them

[begsu1013]

Originally Posted by pokerplyr80

Let's see them

i would but there's a whiny, pestering gnat that only quotes prices and contributes nothing that hovers around this porch.

simply don't wanna put out any sugar water.

[hcv123]

Originally Posted by begsu1013

i would but there's a whiny, pestering gnat that only quotes prices and contributes nothing that hovers around this porch.

simply don't wanna put out any sugar water.

Probably still available from the SCP website, no?

I doubt Dmitri is even aware of the current market - what's a couple mil.