9.5 1952 #7 = $12.6M
August 29, 2022 9:50 AM Subscribe
"The auction netted a handsome profit for Anthony Giordano, a New Jersey waste management entrepreneur"
Made me think of this clip.
posted by milnak at 10:09 AM on August 29, 2022 [6 favorites]
Made me think of this clip.
posted by milnak at 10:09 AM on August 29, 2022 [6 favorites]
The price is ridiculous but I am impressed by the condition of that card. How did it survive in such pristine condition?
posted by zzazazz at 10:13 AM on August 29, 2022
posted by zzazazz at 10:13 AM on August 29, 2022
I have a 1966 Mickey Mantle card that I won in a contest when I was a kid. It's in good shape. A quick Google search shows it's worth... somewhere between $4.95 and $8,500.
Oh well. So much for retiring early. Also, that's some serious variance.
posted by martin q blank at 10:24 AM on August 29, 2022 [7 favorites]
Oh well. So much for retiring early. Also, that's some serious variance.
posted by martin q blank at 10:24 AM on August 29, 2022 [7 favorites]
How did it survive in such pristine condition?
Who knows. Coincidentally, I'm looking to buy/rent some climate-controlled office space. Does anyone know how I can find out if a particular building has had any power outages, fires, floods, or break-ins over the past seventy years?
Asking for a friend.
posted by RonButNotStupid at 11:05 AM on August 29, 2022 [1 favorite]
Who knows. Coincidentally, I'm looking to buy/rent some climate-controlled office space. Does anyone know how I can find out if a particular building has had any power outages, fires, floods, or break-ins over the past seventy years?
Asking for a friend.
posted by RonButNotStupid at 11:05 AM on August 29, 2022 [1 favorite]
When PSG were bought in 2012, the club was valued at $100M.
posted by biffa at 11:14 AM on August 29, 2022
posted by biffa at 11:14 AM on August 29, 2022
I suppose it made the buyer and seller both very happy, so.
Capitalism remains weird and obnoxious.
posted by Capt. Renault at 11:47 AM on August 29, 2022 [3 favorites]
Capitalism remains weird and obnoxious.
posted by Capt. Renault at 11:47 AM on August 29, 2022 [3 favorites]
I have a 1985 mint (?) condition Jerry Rice rookie card I haven't looked up in ages. Number one wide receiver in history! (Joe Montana QBing did not hurt)
Oh look, $3.07 to $14,874.99. Not rare tho. Dangit!
posted by Glinn at 11:50 AM on August 29, 2022
Oh look, $3.07 to $14,874.99. Not rare tho. Dangit!
posted by Glinn at 11:50 AM on August 29, 2022
A baseball card/sports memorabilia bubble? The 90s really are back! That means the comic collector boom is right around the corner! Time to dig out my mint condition Youngblood/Bloodshot - Deathmate: Red* variant cover that's totally going to be worth a fortune, mom.
*"This blood's for you!"
posted by star gentle uterus at 11:59 AM on August 29, 2022 [10 favorites]
*"This blood's for you!"
posted by star gentle uterus at 11:59 AM on August 29, 2022 [10 favorites]
Time to dig out my mint condition Youngblood/Bloodshot - Deathmate:Red varaint cover that's totally going to be worth a fortune, mom.
I… might actually have that, in a box in my basement, somewhere.
posted by The Pluto Gangsta at 12:04 PM on August 29, 2022
I… might actually have that, in a box in my basement, somewhere.
posted by The Pluto Gangsta at 12:04 PM on August 29, 2022
In case people were wondering if we are taxing the 1% enough.
posted by Mitheral at 12:10 PM on August 29, 2022 [10 favorites]
posted by Mitheral at 12:10 PM on August 29, 2022 [10 favorites]
Help me understand. It's an item with no functional use or intrinsic value except perception of scarcity and desirability (unless you count conspicuous display of wealth or poor decision-making as a 'function'). It's trade value is highly volatile, and used by the ultra-rich to move money around and hoard wealth in sneaky ways. Market manipulation and collusion are commonplace, and most any form of regulation or protection against abuse is absent. Used to help the rich extract (even more) money from the poor. Otherwise reasonable people seem to lose all sense when the topic comes up and insist it can be used by poor schmucks to get rich.
So... it's like some kind of cardstock... sports-themed... NFT?
posted by SaltySalticid at 12:59 PM on August 29, 2022 [17 favorites]
So... it's like some kind of cardstock... sports-themed... NFT?
posted by SaltySalticid at 12:59 PM on August 29, 2022 [17 favorites]
> Help me understand. It's an item with no functional use or intrinsic value except perception of scarcity and desirability...
Seems like you understand it pretty well.
posted by paulcole at 1:09 PM on August 29, 2022 [10 favorites]
Seems like you understand it pretty well.
posted by paulcole at 1:09 PM on August 29, 2022 [10 favorites]
I read the article discussing why sports memorabilia collectible prices has skyrocketed, but I did not see any mention of techbros. Isn't techbros the reason why pretty much everything hobby-related has gone up? Some jackass with millions to spare who REALLY wants that uber-rare Pikachu misprint card from 1996?
Anyway, maybe it's time I rethink the box of comics we found in the attic nigh on 40 years ago. They were old then, they are older now, perhaps even with having been read by us they are still uncommon enough to separate some techbro from his money... anyone know what the average going price is for a used issue of "Our Army at War"?
posted by caution live frogs at 1:32 PM on August 29, 2022
Anyway, maybe it's time I rethink the box of comics we found in the attic nigh on 40 years ago. They were old then, they are older now, perhaps even with having been read by us they are still uncommon enough to separate some techbro from his money... anyone know what the average going price is for a used issue of "Our Army at War"?
posted by caution live frogs at 1:32 PM on August 29, 2022
I have Teenage Mutant Ninja Turtles #1. I looked it up once, it was worth about $10. Now I look and (smacks head). I wonder if Mom's still got it in that drawer... and what kind of condition it's in. I bought it to read, dammit.
posted by chavenet at 2:08 PM on August 29, 2022
posted by chavenet at 2:08 PM on August 29, 2022
Ah yes, mom. A couple of boxes of comics gone during spring cleaning. Several first editions, like Vampirella #1. Erie and Creepy collections. I'm not mad anymore. Mostly.
posted by Splunge at 2:34 PM on August 29, 2022 [2 favorites]
posted by Splunge at 2:34 PM on August 29, 2022 [2 favorites]
"Help me understand. It's an item with no functional use or intrinsic value except perception of scarcity and desirability"
Think.of it as Shakespeare folio. Something worth 12 million by it's nature has intrinsic value. It's function, to be one of a kind, rare and highly sought after. It's an investment.
posted by clavdivs at 2:55 PM on August 29, 2022 [1 favorite]
Think.of it as Shakespeare folio. Something worth 12 million by it's nature has intrinsic value. It's function, to be one of a kind, rare and highly sought after. It's an investment.
posted by clavdivs at 2:55 PM on August 29, 2022 [1 favorite]
I bought it to read, dammit.
Marvel's putting cut-out coupons in the middle and backs of their comics should have been criminal.
posted by mhoye at 3:16 PM on August 29, 2022 [1 favorite]
Marvel's putting cut-out coupons in the middle and backs of their comics should have been criminal.
posted by mhoye at 3:16 PM on August 29, 2022 [1 favorite]
I have an uncut sheet of the 1992 premier Skybox Garfield trading cards. I bet I could get $10 for it!!!
posted by Thorzdad at 3:26 PM on August 29, 2022 [1 favorite]
posted by Thorzdad at 3:26 PM on August 29, 2022 [1 favorite]
People really are stupid.
posted by dg at 3:59 PM on August 29, 2022 [1 favorite]
posted by dg at 3:59 PM on August 29, 2022 [1 favorite]
I deal mostly in vinyl records. For almost 20 years. I hate it. Most expensive record I've sold is $4K. I have someone right now trying to sell me something "worth" about $7K (along with a bunch of other expensive shit). I'm reluctant to purchase. I'm so conflicted between knowing what I could sell it for vs. the space I occupy.
I cannot tell you how many people I've counselled to NOT get into collecting vinyl. PLEASE, reevaluate your priorities and capitalism in general and GTFO.
People are fucking stupid and I'm a person.
Please, someone in Toronto give me a decent, non-predatory job, or hire me to work remotely. I hate my life.
posted by dobbs at 4:05 PM on August 29, 2022 [8 favorites]
I cannot tell you how many people I've counselled to NOT get into collecting vinyl. PLEASE, reevaluate your priorities and capitalism in general and GTFO.
People are fucking stupid and I'm a person.
Please, someone in Toronto give me a decent, non-predatory job, or hire me to work remotely. I hate my life.
posted by dobbs at 4:05 PM on August 29, 2022 [8 favorites]
Ah yes, mom. A couple of boxes of comics gone during spring cleaning.
Rick Harrison is getting sued by his mom.
OMG. The potential to aquire something 100x its value is damn near addictive, the book scout/picker for example.
posted by clavdivs at 4:24 PM on August 29, 2022
Rick Harrison is getting sued by his mom.
OMG. The potential to aquire something 100x its value is damn near addictive, the book scout/picker for example.
posted by clavdivs at 4:24 PM on August 29, 2022
People really are stupid.
Someone paying $13k for a baseball card is stupid. Someone paying $13M for a business card is laundering money and evading taxes. It's a mistake to think of this as dumb rich people impulsiveness.
posted by mhoye at 4:40 PM on August 29, 2022 [3 favorites]
Someone paying $13k for a baseball card is stupid. Someone paying $13M for a business card is laundering money and evading taxes. It's a mistake to think of this as dumb rich people impulsiveness.
posted by mhoye at 4:40 PM on August 29, 2022 [3 favorites]
So... it's like some kind of cardstock... sports-themed... NFT?
Well, yeah, NFTs are fairly explicitly trying to replicate this model. Or in reality something more like the wave of worthless faux-collectible items that followed the initial boom in collecting “naturally” rare memorabilia like this. And league-licensed, sports-themed ones have already made some people (not the people buying them, naturally) a lot of money!
posted by atoxyl at 5:47 PM on August 29, 2022 [3 favorites]
Well, yeah, NFTs are fairly explicitly trying to replicate this model. Or in reality something more like the wave of worthless faux-collectible items that followed the initial boom in collecting “naturally” rare memorabilia like this. And league-licensed, sports-themed ones have already made some people (not the people buying them, naturally) a lot of money!
posted by atoxyl at 5:47 PM on August 29, 2022 [3 favorites]
It's more "pump and dump" than tax evasion.
posted by Small Dollar at 5:48 PM on August 29, 2022
posted by Small Dollar at 5:48 PM on August 29, 2022
The switch-hitting Mantle was a Triple Crown winner in 1956, a three-time American League MVP and a seven-time World Series champion. The Hall of Famer died in 1995.
When an editor says you have to explain who the guy on the card is, the edges of the insanity here are really starting to show.
posted by Mchelly at 7:47 PM on August 29, 2022 [3 favorites]
When an editor says you have to explain who the guy on the card is, the edges of the insanity here are really starting to show.
posted by Mchelly at 7:47 PM on August 29, 2022 [3 favorites]
Triple Crown Winner, you say? Who owned the nag?
posted by stirfry at 10:28 PM on August 29, 2022 [2 favorites]
posted by stirfry at 10:28 PM on August 29, 2022 [2 favorites]
No clue, I bet on the bay.
I think the only story here is whether is whether the deal is better for the seller or the buyer. It's a tremendous benefit to be able to launder that much money in one dump. I suppose it's a savings account that will probably earn interest, but not always, and regardless the variability of an items value is worth the price of admission to be able to withdraw all that clean money.
If the auction industry had a Know Your Customer requirement I bet I'd be able to have a choice between buying a second car or a Picasso.
posted by rhizome at 11:30 PM on August 29, 2022 [3 favorites]
I think the only story here is whether is whether the deal is better for the seller or the buyer. It's a tremendous benefit to be able to launder that much money in one dump. I suppose it's a savings account that will probably earn interest, but not always, and regardless the variability of an items value is worth the price of admission to be able to withdraw all that clean money.
If the auction industry had a Know Your Customer requirement I bet I'd be able to have a choice between buying a second car or a Picasso.
posted by rhizome at 11:30 PM on August 29, 2022 [3 favorites]
Triple Crown Winner, you say? Who owned the nag?
Ted Williams owned them all. And Rogers Hornsby. Mantle only took it once, p'shaw.
posted by chavenet at 1:38 AM on August 30, 2022
Ted Williams owned them all. And Rogers Hornsby. Mantle only took it once, p'shaw.
posted by chavenet at 1:38 AM on August 30, 2022
My next door neighbor when I was a kid had several Mickey Mantle baseball cards, all autographed by the man himself. I still have no idea why but they were long-time friends and, unbeknownst to me, Mantle visited a few times while I was growing up there. My neighbor moved away and died 30 years ago. No idea what happened to those cards.
posted by drstrangelove at 4:21 AM on August 30, 2022
posted by drstrangelove at 4:21 AM on August 30, 2022
When an editor says you have to explain who the guy on the card is, the edges of the insanity here are really starting to show.
We'd be showing our age by expecting to not explain Mickey Mantle. 1956 was 66 years ago. Baseball was popular then, but it's eclipsed by football, basketball, and soccer for today's youth.
posted by explosion at 5:27 AM on August 30, 2022
We'd be showing our age by expecting to not explain Mickey Mantle. 1956 was 66 years ago. Baseball was popular then, but it's eclipsed by football, basketball, and soccer for today's youth.
posted by explosion at 5:27 AM on August 30, 2022
We'd be showing our age by expecting to not explain Mickey Mantle. 1956 was 66 years ago. Baseball was popular then, but it's eclipsed by football, basketball, and soccer for today's youth.
Not sure that would even matter. Don Mattingly was born in 1961 and played a lot of baseball as a child. He once said that until he came to the Yankees in the early 80s he was under the impression that Babe Ruth was a cartoon character. And he had never heard of Lou Gehrig.
posted by JanetLand at 8:13 AM on August 30, 2022
Not sure that would even matter. Don Mattingly was born in 1961 and played a lot of baseball as a child. He once said that until he came to the Yankees in the early 80s he was under the impression that Babe Ruth was a cartoon character. And he had never heard of Lou Gehrig.
posted by JanetLand at 8:13 AM on August 30, 2022
> So... it's like some kind of cardstock... sports-themed... NFT?
NFTs are a little less classy.
NFT market on opensea is collapsing. 2.
in related bleeding edge monkey picture finance news:
NFTs are a little less classy.
NFT market on opensea is collapsing. 2.
in related bleeding edge monkey picture finance news:
Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks nonfungible tokens (NFTs), who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event.posted by sebastienbailard at 9:35 AM on August 30, 2022
(I might've used this one for the 'less classy' link.)
posted by box at 9:59 AM on August 30, 2022 [1 favorite]
posted by box at 9:59 AM on August 30, 2022 [1 favorite]
Here's a video explaining how the financial hanky-panky in cards is a pump and dump scheme.
It can get pretty insidery, but the gist is the markets for/availability of some individual cards or types of cards are so small and illiquid that it's easy to hype them up to high prices and fleece people.
The sports card hobby/industry is massively corrupt, but it resembles more a multilevel marketing scheme than the high-end Serious Art World fancy person business/political corruption.
posted by Small Dollar at 7:10 PM on August 30, 2022
It can get pretty insidery, but the gist is the markets for/availability of some individual cards or types of cards are so small and illiquid that it's easy to hype them up to high prices and fleece people.
The sports card hobby/industry is massively corrupt, but it resembles more a multilevel marketing scheme than the high-end Serious Art World fancy person business/political corruption.
posted by Small Dollar at 7:10 PM on August 30, 2022
The disease guy?
"I mean, what are the chances? Lou Gehrig coming down with Lou Gehrig's Disease. Talk about bad luck!"
posted by rhizome at 7:20 PM on August 30, 2022
"I mean, what are the chances? Lou Gehrig coming down with Lou Gehrig's Disease. Talk about bad luck!"
posted by rhizome at 7:20 PM on August 30, 2022
Do they not name diseases after the first person to get them? Like with Barry Mumps or Bethesda Chickenpox?
posted by biffa at 6:40 AM on August 31, 2022
posted by biffa at 6:40 AM on August 31, 2022
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posted by seanmpuckett at 9:52 AM on August 29, 2022 [7 favorites]