More T206 price escalation?

[iwantitiwinit]

Last night in Heritage's weekly Sunday auction a Lajoie w/Bat in PSA 4 Piedmont 350 goes for $1680. Seems very high to me. Might have to consider selling my Lajoie portrait if this continues. Here's the link though I don't think it will work because you have to log in (any thoughts?):

https://sports.ha.com/itm/baseball-c...Auction-120115

[Bpm0014]

T206's, especially HOFers, for whatever reason are going thru the roof right now!

[Rhotchkiss]

I saw that. It is a pretty card, but that’s a silly price; the consolation is it’s nice to see people buying the card and not the flip. Let me know if you go to sell your Magie - although there is a very pretty PSA 3 prices at $30k+ that has sat on eBay for a while, so we know a pretty 3 ain’t worth $30k, but it should be if a Lajoie w Bat is worth over $1.5k.

[bbcard1]

My set is lowish grade, punctuated by a few nice cards, but i am glad I finished it a few years ago.

[barrysloate]

The key HOFers are hot, but I'm not sure the run-of-the-mill guys are.

[Throttlesteer]

It's all relative, when you see people paying $180k for a shiny Ohtani auto rookie or even $30k for a Trout rookie.

[CMIZ5290]

Originally Posted by iwantitiwinit

Last night in Heritage's weekly Sunday auction a Lajoie w/Bat in PSA 4 Piedmont 350 goes for $1680. Seems very high to me. Might have to consider selling my Lajoie portrait if this continues. Here's the link though I don't think it will work because you have to log in (any thoughts?):

https://sports.ha.com/itm/baseball-c...Auction-120115

This is a price in which you can get a solid PSA 6 and save money.....ridiculous.....

[RedsFan1941]

or a 7 OC

[Big Ben]

I keep wondering how long this bull market for T206 Hall of Famers will last. A few years ago at the National in Chicago, I felt that I overpaid for a PSA 3 Cobb Red Portrait. My main objective then, was to add a Cobb card to my collection. If I were to allocate the same amount of money I paid then for a Cobb Red Portrait card today, I may be able to pick up a PSA 1 or an Authentic grade. Now the Lajoie has spiked in value. -maybe not as drastic as the price realized on Heritage- If this mania continues, I may have to become a seller.

[CMIZ5290]

Now Ronnie, no sour grapes......the grades are what they are...

[Leon]

Originally Posted by CMIZ5290

Now Ronnie, no sour grapes......the grades are what they are...

And a caution to him here, if anyone follows anyone else around the forum, giving them a hard time, they won't be following for long. That is a peeve that won't be permitted....

And back to topic, I think the high prices of those stellar cards "might" give a little bump up to nice, lower grade ones too.

[2dueces]

Originally Posted by Leon

And a caution to him here, if anyone follows anyone else around the forum, giving them a hard time, they won't be following for long. That is a peeve that won't be permitted....

And back to topic, I think the high prices of those stellar cards "might" give a little bump up to nice, lower grade ones too.

Leon,
You’re correct. I was curious and checked some ended auctions for mid grade PSA/SGC 3-5’s that I purchased from Barry about 15 years ago. Most if not all have doubled since then. A $100 HOFer graded 5 has sold for $300-400. A 3 which was $50 sold for $140. Not earth shattering but still an increase. I won’t mention the Green Cobb PSA 3 I purchased for $900. Guess that went up a bit too.

[SetBuilder]

People tend to overpay at Heritage for some reason. I follow their other categories and use their website for pricing comps. When I sell an item that Heritage has sold in the past, it never gets close to the HA realized price. I always adjust their prices down by about 25% to get a more realistic market price.

[NotVader]

These prices are Great for the Card World!

I am noticing the mis-cut cards and funky error printer goof ones are not like they once were but the Quality cards are soaring still outperforming NASDAQ
in 5, 10 and 15 year windows.

Go Gators
CV

[Stampsfan]

Originally Posted by NotVader

These prices are Great for the Card World!

I've never understood this mentality. The higher prices go, the more limited the market is.

I'd rather see more collectors, not less.

[Sean]

I suppose that the higher prices are great for those of us who are more likely to be sellers. I'm gradually being priced out of some of the cards that I still want.

[GoCubsGo32]

I could be wrong. I think it's a couple factors.

Collectors using extra cash ( from stock market..? ) to have to reach to get items because, the hobby market is going up very fast...and it's hard to keep up. So people are paying the higher price now thinking...I won't be able to afford it in 2-3 years at this rate. FOMO. Fear.Of.Missing.Out.

It's not just with T206 but it's like that way with a lot of hobby categories especially with photos recently. Crazy prices. I know I'm having a hard time keeping up with the currently prices in the hobby.

[bbcard1]

Not that I'm in that market, but the art market has given me confidence that the high end card market still has room.

[mechanicalman]

Originally Posted by Stampsfan

I've never understood this mentality. The higher prices go, the more limited the market is.

I'd rather see more collectors, not less.

But wouldn’t more collectors mean more demand, and therefore, higher prices?

[Stampsfan]

Originally Posted by mechanicalman

But wouldn’t more collectors mean more demand, and therefore, higher prices?

Overall, yes, I agree. But the market for certain items will narrow as prices go up.

Everything is relative, so take this example FWIW. Five years ago, card X sold for $1000. Today that card sells for $5000. Person Y can deal with dropping $1000 for a card, but not $5000. That person is now out of that market.

Full disclosure... my salary has not quintupled in the last five years.

[BruceinGa]

Ok, fwiw, I'm retired. My income has been cut in half but my bills may have been cut by 500%. I don't want to do the math .