OK, who bought the $499.00 Mike Shannon 69'?
RayBShotz
Posts: 1,088
Cant say it surprises me that it's gone. Curious to know if any of the illustrious group of 69's here on the registry got this one from MintState Inc.. My ship didnt come in soon enough to snag it! Will the real Shannon owner please stand up.....so I at least know where to direct my envy!
Seriously, regardless of price, this is a cornerstone tough card in the 69' set and this one was a really nice PSA 8 example.
Congratulations to the new owner!
RayB69Topps
Seriously, regardless of price, this is a cornerstone tough card in the 69' set and this one was a really nice PSA 8 example.
Congratulations to the new owner!
RayB69Topps
Never met a Vintage card I didn't like!
0
Comments
To answer Ray's question, I'm still sitting down.
Bob
Ron
I just wanted to drop my 2 sense in about this card. I am not the person that bought the card either, but you have to consider this.
The next one that gets graded, if by a dealer, you can almost bet that the same price will be going on the card. Reason being is this. If a set collector bought this one, it is most assurdly in a set and will not be seen again for years to come. So in a sense the next one to be graded again, will be a 1 of 1. I would think that the price on the Shannon won't really drop till there are about 4 or 5 of them graded.
Just my humble opinion.
Rob
Owner of the #1 All Time Finest 1955 AA FB Set
Your point is well-taken. As devil's advocate, though, if the card goes to auction, as opposed to a traditional "inventory stock", then there will be one less person competing for the card.
Though this card would not be a good example -- there are many sets with many great examples where two or three people bid up the price of commons to the stratosphere; but as soon as one of them gets the card for their set, there is a thin market to maintain that price.
This is the (one of the) main causes of the price drop on many of the 1952 Topps low population commons, and even some of the star cards in PSA 9, as most of the big $$$ players that want those cards have them now.
MS
Sorry that it wasn't explained earlier, but the card was sold by a dealer from his website. There was no auction.
You do bring up a great point. If this was auctioned, the bidding history would have been interesting (unless all the high bids were placed early, thus blocking any low late bids).
I've said it before and I'll say it again, the third highest bid in an auction is very critical. In theory this is what the second highest bid will be in the next auction and the winning bid will only be one bid increment above it ("in theory" is the key phrase). So in this case, if the Shannon was auctioned, let say the third highest bid was $200 and the second was $490 and the first was $495. So then the next auction (assuming the high bidder doesn't bid again and the undr bidders all bid the same again), the card will sell for only one bid incriment over $200.
Here is a perfect example for one of the sets I am working on. The 1955 Topps AA FB set. Card #90 of Charlie O'Rourke. There is a pop of 11 for this card. That is the lowest pop in the set. Now this set is I would say by far the most highly collected FB set there is. IT being Topps 1st and only FB set containing college All Americans.
Anyway, I bought my card nearly a year and a half ago. I ended up paying $300 for mine. Now again this was at that time a $70 common. Since I bought mine 3 others have come up for public sale. The 1st sold on EBAY for $312, the only reason it went that low was I was bidding on it as well, and I let that person have it. The 2nd sold on Teletrade for a whopping $475. These first 2 cards, even sold in the same week. Then lastly, one recently sold about 2 months ago for a whopping $560. All this for a $70 common.
Now the 1955 AA FB set is only 100 cards, and I would say a little bit easier then doing a huge BB set from any year for that matter. But as I have shown you, your going to want and/or need the card evetually. If you want the a PSA-8, your probably going to have to pay for it.
From the previous sales of the O'Rouke from the AA set, I will gaurantee that that card will never sell again for under $500, since that is what I am willing to pay for it now anymore. A while back, it was finally listed in the SMR and started at $200. You never know, like card #205 in the 1955 Topps BB Set, Gene Freese, that too at one point was a common, then all of a sudden it was listed in the SMR with a price of like $1500. I hope that doesn't happen to all you guys still waiting and thinking that the price will go down. You have to think there is ALWAYS someone out there willing to pay the price for EXTREMELY LOW POP cards.....commons or not.
Again, just my humble opinion.
Rob
Owner of the #1 All Time finest 1955 AA FB Set
I agree with you. I made a statement earlier in that post of "unless all the high bids were placed early, thus blocking any low late bids". I probably should have reiterated that statement in the example.
If I were down to one or two cards to complete a set, I might get pretty aggressive to finish the set but I would have to be absolutely certain that the card was nearly impossible to find.
Great point about the third bidder. It's exactly why you need to dig deeper to check out who's bidding what when you see a card go for a princely sum, because that realized "value" could easily wind up being a mirage.
On a note similar to that comment, I just rec'd a Collinsworth rookie in mint 9. There's only 3 last I looked; the last one went for close to $60. Still, there were only two people who bid more than $12! The underbidder bid 12 different times but still never got the guy's top price. Now, I can just about guarantee you that unless another one pops up on the pop report in the next week or two, I'm putting the starting price and the BIN at $50 to try and fish this underbidder out. Just goes to show how important a little digging really is, whether you're a potential buyer or seller.
Steve
Mike
I recall the '73 Murcer PSA 8 Carlos sold a month or so ago for over $200.
I'm still smiling over that one.
Carlos