Memory Lane Auction

[Casey2296]

Strong prices for a fantastic collection. Congratulations to the Newman family, Memory Lane for treating/marketing the collection properly, and any Net54 members who won.

[Peter_Spaeth]

Originally Posted by Casey2296

Strong prices for a fantastic collection. Congratulations to the Newman family, Memory Lane for treating/marketing the collection properly, and any Net54 members who won.

4.2 million for a Goudey Ruth. Man.

[notfast]

Auction ran until 6-630am EST this morning. That’s not fun.

[Peter_Spaeth]

Originally Posted by notfast

Auction ran until 6-630am EST this morning. That’s not fun.

Yes but what was JP's incentive to close when bids were rolling in?

[Casey2296]

Originally Posted by notfast

Auction ran until 6-630am EST this morning. That’s not fun.

Not a big fan of that format. If the lots have action let em run but close the ones without action after 15 minutes.

[Peter_Spaeth]

Originally Posted by Casey2296

Not a big fan of that format. If the lots have action let em run but close the ones without action after 15 minutes.

The AH is there to get the most for the consignor, and you know the argument, that if all lots remain open people who get maxxed can go back and spend on other lots which wouldn't be there with a 15 minute rule. Yes there are counterarguments but the debate will never be resolved.

[3-2-count]

Lots 1 thru 5 alone, ended north of $10 million bucks combined!

[perezfan]

Originally Posted by Peter_Spaeth

The AH is there to get the most for the consignor, and you know the argument, that if all lots remain open people who get maxxed can go back and spend on other lots which wouldn't be there with a 15 minute rule. Yes there are counterarguments but the debate will never be resolved.

Right. Their first allegiance is to their consignors.

Can't even count how many times (as a bidder) I have been outbid very late, only to jump over to a lot that's been stagnant for hours because it's still within my spending limit. But we have re-hashed this a thousand times, and people will always be split on the issue.

[Johnny630]

Auction Houses Have The Market Cornered. It’s hard to find people willing to sell their high end cards for cash privately when AH’s are brining in these numbers.

[Peter_Spaeth]

Originally Posted by Johnny630

Auction Houses Have The Market Cornered. It’s hard to find people willing to sell their high end cards for cash privately when AH’s are brining in these numbers.

On the flip side, it appears to me many people would rather overpay an auction house than pay a fair but reasonable price for a nice card privately.

[mrreality68]

Originally Posted by notfast

Auction ran until 6-630am EST this morning. That’s not fun.

Agreed not fun especially when no action on an item you bid on and at 3 am get outbid. Lol

But great cards

[Johnny630]

Originally Posted by Peter_Spaeth

On the flip side, it appears to me many people would rather overpay an auction house than pay a fair but reasonable price for a nice card privately.

I don’t understand it anymore, agree Peter! It’s greed they want the most on everything.

[Casey2296]

Originally Posted by Peter_Spaeth

On the flip side, it appears to me many people would rather overpay an auction house than pay a fair but reasonable price for a nice card privately.

I can send you a list of cards I would be more than happy to pay a fair and reasonable price for, some of which I would pay close to AH prices for as I prefer spending $$ with members or other collectors. Only problem is those cards usually pop up in auctions before I get a shot at them.

[oldjudge]

I think ML did a great job for the Newman family.

[Rhotchkiss]

Originally Posted by oldjudge

I think ML did a great job for the Newman family.

+1

[sb1]

At 4:00 am I envisioned it going on for hours and everyone getting up on the east coast and start bidding again. I was high on my one lot well before midnight and was not looking forward to a Sunday morning bid resurgence. I i finally decided that I was not going to get up again, I would either win the lot or not. It might be interesting to hear from the bidders, how many either fell asleep and lost out or simply lost interest from the auction going for so long well into the next morning.

It was a very strong showing for vintage, especially 19th century. I imagine the total sales exceeded their pre-auction estimate. And a nice break not to see 500 modern basketball cards being the headliners.

[Peter_Spaeth]

Originally Posted by Casey2296

I can send you a list of cards I would be more than happy to pay a fair and reasonable price for, some of which I would pay close to AH prices for as I prefer spending $$ with members or other collectors. Only problem is those cards usually pop up in auctions before I get a shot at them.

I view buying out of auctions as a last resort, because inevitably on cards I want the prices go to the moon.

[Snapolit1]

The really annoying thing about auctions now is a PSA 7.5 card will sell for $20,000 and I will receive offers to buy the same card as a PSA 7 via Heritage offers system for $4,000. I if I accept that offer I can then pay Heritage 10% commission I believe.

I may be stupid, but not that stupid.

[Lorewalker]

Originally Posted by notfast

Auction ran until 6-630am EST this morning. That’s not fun.

He has far less important ones "run" until after 9:00AM EST.

[rats60]

Originally Posted by perezfan

Right. Their first allegiance is to their consignors.

Can't even count how many times (as a bidder) I have been outbid very late, only to jump over to a lot that's been stagnant for hours because it's still within my spending limit. But we have re-hashed this a thousand times, and people will always be split on the issue.

It just rewards those who stay up all night. If the person who would pay the most is asleep when he is out bid, the consignor doesn't get the most for his card. I know people think bidders should put in their high bid, but shillers and auction houses like Mastro who shilled their auctions, make that unpractical.

The only way an Auction House is going to maximize for their consignors is to end the auction when everyone is awake.

[Peter_Spaeth]

Originally Posted by rats60

It just rewards those who stay up all night. If the person who would pay the most is asleep when he is out bid, the consignor doesn't get the most for his card. I know people think bidders should put in their high bid, but shillers and auction houses like Mastro who shilled their auctions, make that unpractical.

The only way an Auction House is going to maximize for their consignors is to end the auction when everyone is awake.

If I am JP and looking at prices realized (holy shit BTW on many of them) I am probably thinking I don't need to change anything.

[trambo]

Some strong prices for sure! Went to sleep around 11pm Eastern with a winning bid. Woke up around 5:40am to see I had been outbid around 3:45am or so. Didn't think I'd have a chance to bid again after I fell asleep but was happy to place one final bid (and win).

Don't love the all night auction and understand both sides of it. I also think the 15 or 30 minute rule on a lot by lot basis should give everyone time to duke it out on lots and still have time to bid on the other items if they're outbid. I enjoyed a 10:30pm ending of a recent auction house win as a result! Not complaining about how AH's do their thing at all. You know the rules going in so as long as they're living up to those rules, all good! Just stating a preference here!!

Congrats to all who won!!

[Snapolit1]

At the super high end obviously there were some unreal prices.

I was following some pricey items (15,000-30,000) and honestly the prices realized on that level didn't seem bat shit crazy like January - February.

[Casey2296]

Originally Posted by Snapolit1

At the super high end obviously there were some unreal prices.

I was following some pricey items (15,000-30,000) and honestly the prices realized on that level didn't seem bat shit crazy like January - February.

The 14CJ Cobb 4 was well bought imo.

[Peter_Spaeth]

Originally Posted by Snapolit1

At the super high end obviously there were some unreal prices.

I was following some pricey items (15,000-30,000) and honestly the prices realized on that level didn't seem bat shit crazy like January - February.

Is this the first Gehrig rookie to top 1 million?

[chriskim]

Originally Posted by Peter_Spaeth

If I am JP and looking at prices realized (holy shit BTW on many of them) I am probably thinking I don't need to change anything.

Agree! Let auction runs forever is the best format and can bring the most money to consigners. Bidders are supposed to place the max bids on something "I got to have it" items, if u just want to place "marginal" bids then u don't really want them as bad.

[chriskim]

Very happy to see the winner of 52T Mantle PSA8 is buying the card and not the holder. There were a few PSA8s (with centering issue) in recent auctions ended in much lower price.

[Casey2296]

Originally Posted by Peter_Spaeth

Is this the first Gehrig rookie to top 1 million?

I think so, the one in Goldins went for 782K.

[pclpads]

Originally Posted by notfast

Auction ran until 6-630am EST this morning. That’s not fun.

That 3 hour time diff on the left coast is one of the few advantages of living here. It somewhat - but not entirely - makes up for all the crime, gang bangers, shitty air, traffic gridlock, heat, drought, density, fires and quakes.
Somewhat . . .

[Peter_Spaeth]

In 2007 JP sold a PSA 5 for 7800. Who knew.

[Casey2296]

Originally Posted by Peter_Spaeth

In 2007 JP sold a PSA 5 for 7800. Who knew.

Hotchkiss

[Snapolit1]

Originally Posted by Peter_Spaeth

Is this the first Gehrig rookie to top 1 million?

Yep.

[doug.goodman]

Originally Posted by perezfan

Right. Their first allegiance is to their consignors.

Can't even count how many times (as a bidder) I have been outbid very late, only to jump over to a lot that's been stagnant for hours because it's still within my spending limit. But we have re-hashed this a thousand times, and people will always be split on the issue.

The only people who will be split are those not looking at it from the viewpoint of what is best for the consignor.

I don't like getting outbid after hours of no action, but whoever consigned the item likes that I was.

[shagrotn77]

I wasn't thrilled with an email going out at 4:05 stating that the auction was unlikely to go past 4:15. It ended after 6 AM EST. That said, I was snoozing when the email went out and I maintained my high bid.

[investinrookies]

Originally Posted by chriskim

Very happy to see the winner of 52T Mantle PSA8 is buying the card and not the holder. There were a few PSA8s (with centering issue) in recent auctions ended in much lower price.

that sale blew away the two previous realized prices in feb/march of this year for PSA 8's (reference VCP). Both of those were also nicely centered as well. This card was very similar to those, makes the previous highs of 1.3 and 1.6 mil back in feb/march of this year look like a steal. That card just always has buyers willing to pay more and dont see that ever changing.

[GasHouseGang]

Well at least today we have a lot of really tired rich people!

[Bicem]

Anyone win anything? Won the 1916 WS program. Wanted the Fatima Red Sox ad piece but no luck.

[Rhotchkiss]

Originally Posted by Casey2296

Hotchkiss

??

I won this. I wanted some other stuff but prices went beyond where I comfortable.

[Casey2296]

Originally Posted by Rhotchkiss

??

Peter was quoting the earlier lower prices on the Gehrig compared to what they're going for now and asked "who knew?"
You timed the purchase of yours perfect, right before the run up. I think your purchase may have awakened a few folks to the significance of that card.

[sb1]

My lone win, which will surprise no one, the image from a 2013 Goodwin auction. Reholdered in between sales.

[Bicem]

Amazing card Scott, congrats!

[Rhotchkiss]

Originally Posted by Casey2296

Peter was quoting the earlier lower prices on the Gehrig compared to what they're going for now and asked "who knew?"
You timed the purchase of yours perfect, right before the run up.

Ohhh! Gotcha. Yea, but I still could have been (wish I was) on it earlier.

Scott, that Delahanty is awesome!! You paid up for it, but it’s worth it. Congrats!

[mrreality68]

I was in sensory overload with some many cards on my wish list and/or want list.
But I have been on the hunt for a 1914 CJ Joe Jackson Card to expand my Joe Jackson Collection that I had to pay up for it a bit. But I was happy with the results

[Casey2296]

Great pick up Jeff, congratulations. Now you have the red for red, white and blue day.

[sb1]

Originally Posted by Rhotchkiss

Ohhh! Gotcha. Yea, but I still could have been (wish I was) on it earlier.

Scott, that Delahanty is awesome!! You paid up for it, nuts it’s worth it. Congrats!

Thanks, it upgraded my 1902 Type 1. I assumed it might bring 50-70k based on other tough/high grade SL cabinets but was pleasantly surprised at the results. As we know Ed died in July 1903, SL discontinued offering his cabinet shortly after, the type 2 is actually scarcer than the type 1.

[shagrotn77]

My lone pickup. Very happy to finally add one:

[Peter_Spaeth]

The West is a grail for sure. All these years later I am beating myself up for not bidding on a PSA 5 1960 Oscar.

[Rhotchkiss]

Damn Jeff. GREAT pick up. I am proud to be the owner of your former CJ; this one is certainly an upgrade for you. Personally, I love the caramel stains

[mrreality68]

Originally Posted by Casey2296

Great pick up Jeff, congratulations. Now you have the red for red, white and blue day.

Thanks. Now I have to figure out the right blue card that fits my collection

[sportscardpete]

Great pickups everyone! I finally landed this:

dietsche fielding 3.JPG