PSA 9 Alifabolaget Pele Sells for $57,000

[samosa4u]

Yesterday Heritage sold a PSA 9 Alifabolaget Pele rookie for $57,000 USD. Heritage put an estimate at $60,000 USD and the auction house almost got that price for it. If Heritage had put the estimate at $100,000 USD, then do you think the price would have gone higher? I do.

I also want to point out that this auction house sold a PSA 8.5 example for $26,400 USD over the summer. I used to be the owner of the PSA 8.5 card and the guy I sold it to took a huge risk by listing it auction-style, so I'm happy that he made profit. The PSA 8 Quigol also belonged to him. And finally, I wouldn't be surprised if the PSA 9 Alifabolaget was his card as well. He sure did make a killing, but like I said, it takes a lot of guts to spend thousands of dollars and then list your stuff auction-style.

[Exhibitman]

Originally Posted by samosa4u

Yesterday Heritage sold a PSA 9 Alifabolaget Pele rookie for $57,000 USD. Heritage put an estimate at $60,000 USD and the auction house almost got that price for it. If Heritage had put the estimate at $100,000 USD, then do you think the price would have gone higher? I do.

I also want to point out that this auction house sold a PSA 8.5 example for $26,400 USD over the summer. I used to be the owner of the PSA 8.5 card and the guy I sold it to took a huge risk by listing it auction-style, so I'm happy that he made profit. The PSA 8 Quigol also belonged to him. And finally, I wouldn't be surprised if the PSA 9 Alifabolaget was his card as well. He sure did make a killing, but like I said, it takes a lot of guts to spend thousands of dollars and then list your stuff auction-style.

That's for sure. I got slaughtered on my consignment, huge loss.

[Arazi4442]

I was pretty surprised it sold.

If I remember correctly, the auction was hovering around $20-25K when the reserve was announced at $47.5K (w/o BP) and got no action until last night.

I'm hope the consigner was happy with the hammer price and the buyer got a tremendous card but I'm still not sure there's a market to hold up these crazy prices for the non-big 4 sports, i.e. these last three Pele cards along with the Cassius Clay earlier this year at Heritage and the Bobby Jones Lambert in PWCC that approached $20,000.

I don't know about the Quigol and Alifabolaget 8.5, but you obviously mitigate some of the risk with an auction when you put on a reserve price.

[Collect Equity]

Wow, I can't believe that it sold for that much!!! Part of me is really kicking myself for not buying high-grade Pele rookies and instead working to collect one of each Pele issued.

Oh well, hopefully a rising tide lifts all boats and I will do just fine. Plus, I really enjoy the collecting aspect of it and that was what I decided this hobby was for me, fun and not only an investment.

[samosa4u]

I wasn't aware that he had a reserve price on his cards. Either way, we still have to give this guy credit for thinking outside the box. When most collectors were going nuts over cards from the big-4 sports, this guy meanwhile was putting his money into boxing, soccer, etc. He is rolling around in money now.

[Exhibitman]

Not if he put it into boxing...I did that and I am rolling in losses right now.

[samosa4u]

Originally Posted by Exhibitman

Not if he put it into boxing...I did that and I am rolling in losses right now.

Adam, he bought the waterfront cards in top grade.

And why didn't you put a reserve on your stuff?

[aljurgela]

Originally Posted by Exhibitman

That's for sure. I got slaughtered on my consignment, huge loss.

Adam,

You took the loss on the exhibits?

It seems to me that boxing has made a bit of a comeback in the last few years in general. Do you not feel that that is the case more broadly (excepting your consignment)?

[samosa4u]

I want to add something else to this thread:

I think this PSA 9 Alifabolaget Pele is the highest price ever paid for a soccer card. However, when it comes to popularity, this card ranks in second place (below the Quigol). A PSA 9 Quigol would probably fetch $100,000+ PSA hasn't handed out this grade yet, but I can see it happening soon.

[Exhibitman]

Originally Posted by aljurgela

Adam,

You took the loss on the exhibits?

It seems to me that boxing has made a bit of a comeback in the last few years in general. Do you not feel that that is the case more broadly (excepting your consignment)?

That's about right, Al.

And yeah, I took the loss. I was hoping for a gain but that's the way the cookie crumbles.