Experienced Collectors seizing Massive Opportunity.
On April 23, 2018 a PSA Graded 9.0 Topps Mickey Mantle Rookie Card realized a record price of $2,880,000. This sale is notable for several reasons.
1) This baseball card, like all cards, coins, comic books, etc that break records, was independently authenticated and certified. There's no surprise here, who in their right mind would spend that kind of money without getting an unbiased third party opinion about authentication and grade?
2) This card was tied for the finest quality of the issue to be independently graded.
3) This same card, in the same 9.0 condition, realized $282,588 in 2006, meaning the card appreciated in value just over 10x in 12 years. In 1988 it sold for $3,300!
4) In this SAME April 23, 2018 auction, the SAME card, graded PSA 7.0 realized $120,000, 1/25 the price of the example graded 9.0.
The auctioneer said , "The 9.0 1952 Topps Mickey Mantle card captured the attention of baseball fans, serious collectors, and investors alike. It's a phenomenal price, a world record, but it's also the natural progression of a trend we've seen building for years. We are certainly seeing the effects of new players in the market."
In our blog dated 8/19/16, we discussed the phenomenal opportunity that vintage concert posters graded 9.9 and 10.0 represent for collectors.
We explained that in EVERY collectibles market there is huge demand for "The Best of The Best" and that the premiums for the very best CGC graded concert posters are TRIVIAL compared to the premiums commanded in every other collectibles market.
We explained that in every other collectibles marketplace the FINEST KNOWN super grades ROUTINELY command 10x, 25x, 50x and more of the lower grades. The best, Finest Known CGC graded concert posters are STILL available for low single digit premiums as low as of 2-4x.
We also explained that experienced collectors from other collectibles marketplaces recognized this special short term situation and were snapping up whatever Supergrades they could find.
It's important to understand that while Supergrade premiums for CGC graded Concert Posters are growing, the demand from new collectors entering this market is growing even faster.
No one can predict the future, but if this market continues to evolve like it has, and how every other collectibles market has developed in the past, then the current values for CGC graded concert posters with Supergrades of 9.9 and 10.0 can be considered the collectibles opportunity of a lifetime.
It's not often in life that we are handed an amazing, "no brainer" opportunity on a silver platter. A lot of luck is involved, as you need to find yourself in the right place at the right time.
Indeed, everyone reading this blog now should consider themselves lucky, for having been exposed to this amazing opportunity. If you agree, we suggest you act NOW, before this window of opportunity slams shut!
To read our previous blog on this subject, click here.
To read more about the record setting Mantle card, click here.