Why has Cobb gone to the moon

[Snapolit1]

5 years ago you could buy Cobb postcards etc. very reasonable. Now he seems to be the focus of a lot of auctions. Why did the turn so dramatically. It’s not like informed collectors woke up one day and realized he was a legendary player. There’s been no similar arc for Walter Johnson or even my man Lou.

Feels like real estate. A nice neighborhood for years and then all of a sudden it comes a big deal overnight and people are storming the front gates in a frenzy.

Are we basically sheep just waiting for someone or something to show us the way?

[Leon]

Originally Posted by Snapolit1

5 years ago you could buy Cobb postcards etc. very reasonable. Now he seems to be the focus of a lot of auctions. Why did the turn so dramatically. It’s not like informed collectors woke up one day and realized he was a legendary player. There’s been no similar arc for Walter Johnson or even my man Lou.

Feels like real estate. A nice neighborhood for years and then all of a sudden it comes a big deal overnight and people are storming the front gates in a frenzy.

Are we basically sheep just waiting for someone or something to show us the way?

money

[Snapolit1]

Yeah, but I suspect Cobb stuff is still running at a time where a lot of other top echelon guys have clearly stalled or regressed a bit.

[Bored5000]

Originally Posted by Snapolit1

5 years ago you could buy Cobb postcards etc. very reasonable.

Is Cobb's price escalation really that different than the game's other icons? Look at what Ruth and Jackie stuff was going for five years ago, and what it is going for now.

The last five years have seen a boom in stocks, housing, crypto. There is a lot of money sloshing around because of that.

[Snapolit1]

I dont see Ruth right now obliterating records in every auction. Maybe in summer 2021. In another thread Leon just commented that the amazing Ruth 21 Exhibits card has come down.

[calvindog]

I'm primarily a Cobb collector and I think Cobb has come down significantly of late. If you check the prices on Cobb Dietche and Wolverine PCs, I think you'd see that they've gone down a good amount over the past couple years, partly due to the market coming down and partly due to too many coming up for sale lately. Rare Cobb cards certainly still set records, but oftentimes they don't anymore.

The rare stuff still sells high and sets records but the easier to get PCs are lower than what they had been at. Of course, if I'm bidding on it, a new record will be set every single time, guaranteed.

[sportscardpete]

They have definitely come down. a 2 Wolverine batting Cobb went for ~$45k at the start of 2022; now, you can have one in the mid-$20s. That being said, you could have had one for probably $5k in 2015!

I think most vintage that comes up more than a few times a year is down. Whether it be a Wolverine Cobb or an m116 Wagner. That has less to do with weakness in vintage - in my opinion - and more to do with prices coming back to more realistic levels after a very strong runup.

Great time to buy though for those that want to acquire pieces that may have been difficult a year or two ago!

[Leon]

Originally Posted by calvindog

I'm primarily a Cobb collector and I think Cobb has come down significantly of late. If you check the prices on Cobb Dietche and Wolverine PCs, I think you'd see that they've gone down a good amount over the past couple years, partly due to the market coming down and partly due to too many coming up for sale lately. Rare Cobb cards certainly still set records, but oftentimes they don't anymore.

The rare stuff still sells high and sets records but the easier to get PCs are lower than what they had been at. Of course, if I'm bidding on it, a new record will be set every single time, guaranteed.

It's really about supply in demand here, Jeff. And I am one to argue that supply has little to do with value (most times)...but in this case of the Cobby PC's, I do believe that supply caught up with demand. Too many of the PC's you mentioned have hit the market in too short of a time.
.

And yes, it seems when we are bidding ourselves, things go really high.

[Snapolit1]

Maybe I’m just suffering from that classic delusion that every card and stock I don’t own goes up in a straight line.

[calvindog]

Originally Posted by Leon

It's really about supply in demand here, Jeff. And I am one to argue that supply has little to do with value (most times)...but in this case of the Cobby PC's, I do believe that supply caught up with demand. Too many of the PC's you mentioned have hit the market in too short of a time.
.

And yes, it seems when we are bidding ourselves, things go really high.

That's really it. When the market gets flooded with cards that have run up a lot of late, due to everyone trying to cash in, eventually they start to get lower prices. Too many people who wanted them are off the battlefield so to speak. For example, just going by VCP, there were 12 public sales of a Cobb Wolverine batting PC from the beginning of 2009 through the end of 2021 -- 13 full years, 12 sales. From 2022 until today, just 2 1/2 years, there have been 11 public sales. Not surprisingly, the cards sold for significantly more when they hit the market again at the beginning of 2022 than for what they are getting presently.

[Rhotchkiss]

Originally Posted by calvindog

I'm primarily a Cobb collector and I think Cobb has come down significantly of late. If you check the prices on Cobb Dietche and Wolverine PCs, I think you'd see that they've gone down a good amount over the past couple years, partly due to the market coming down and partly due to too many coming up for sale lately. Rare Cobb cards certainly still set records, but oftentimes they don't anymore.

The rare stuff still sells high and sets records but the easier to get PCs are lower than what they had been at.

100% agree.

Most Cobb stuff is down (and in some cases a good deal down) from 2022.

[BeanTown]

Originally Posted by calvindog

I'm primarily a Cobb collector and I think Cobb has come down significantly of late. If you check the prices on Cobb Dietche and Wolverine PCs, I think you'd see that they've gone down a good amount over the past couple years, partly due to the market coming down and partly due to too many coming up for sale lately. Rare Cobb cards certainly still set records, but oftentimes they don't anymore.

The rare stuff still sells high and sets records but the easier to get PCs are lower than what they had been at. Of course, if I'm bidding on it, a new record will be set every single time, guaranteed.

Agree as I follow Cobb sales. Seems like I always lose out on the new records set, late at night. For long term holds, Cobb has to be up there for top 3 players in all sports to collect.

[Tomi]

Here are some pics of Cobb that never get shown. Not the racist that Ken Burns and his "experts" made him out to be. The least Burns can do for Cobb is do an actual documentary about Cobb that deals with facts. I attached a Youtube video that Charles Leershen, author of Ty Cobb: A Terrible Beauty, gave a lecture about his findings about Cobb and the lies that were printed about him. Love how he pretty much calls Ken Burns a hack. It's an hour long but worth every second as the video gets right to the point and keeps you engaged.

Charles Leershen Lecture
https://youtu.be/OjbPzoboilM

[Fuddjcal]

Originally Posted by calvindog

I'm primarily a Cobb collector and I think Cobb has come down significantly of late. If you check the prices on Cobb Dietche and Wolverine PCs, I think you'd see that they've gone down a good amount over the past couple years, partly due to the market coming down and partly due to too many coming up for sale lately. Rare Cobb cards certainly still set records, but oftentimes they don't anymore.

The rare stuff still sells high and sets records but the easier to get PCs are lower than what they had been at. Of course, if I'm bidding on it, a new record will be set every single time, guaranteed.

And here I thought I was the only one to set records with every purchase I make, even the Cobb's

[jingram058]

Originally Posted by Snapolit1

5 years ago you could buy Cobb postcards etc. very reasonable. Now he seems to be the focus of a lot of auctions. Why did the turn so dramatically. It’s not like informed collectors woke up one day and realized he was a legendary player. There’s been no similar arc for Walter Johnson or even my man Lou.

Feels like real estate. A nice neighborhood for years and then all of a sudden it comes a big deal overnight and people are storming the front gates in a frenzy.

Are we basically sheep just waiting for someone or something to show us the way?

Pink Floyd.

Cobb was one of, if not the, all-time best. He also wasn't a bad guy, no worse than any of his contemporaries. I think those sentiments are gaining traction for whatever reasons.

I'm certainly glad I got my t205 and George Close Candy Ty Cobb cards and signed ball years ago more reasonably.

[byrone]

There are many more people who have learned that Cobb wasn’t the maniac persona created by liar Al Stump.