Auction Action by Altan Insights: June 29, 2021

This week on Auction Action, the Altan Insights team virtually visits Goldin Auctions to review their June Premium Card and Memorabilia Auction. Note that all realized auction prices include a 20% buyer’s premium. 

Basketball

Asset: 2003-04 Topps LeBron James Chrome Refractor (PSA 10)

Goldin: $88,560

Otis: $80,850

Rally (BGS 10): $105,000

Review: The LeBron Chrome Refractor has fallen significantly from sale prices realized earlier this spring. For example, Goldin sold a PSA 10 for $266,400 in March. The Otis card was initially offered on October 13th at a $73,500 market cap and reached $294,000 in February. Over the last three months, the asset has dropped 60% and is now trading at its IPO market cap. Rally has a BGS 10 that IPO’d at a $100,000 market cap and gained 50% during its trading session on March 18th but then fell 30% during its window on June 9th. 

Asset: 2003-04 Ultimate Collection Autograph LeBron James Signed Rookie Card /250 (PSA 10)

Goldin: PASS

Collectable (BGS 9.5): $181,000

Review: The Goldin example surpassed $150,000 during early bidding but was unable to clear the reserve set for the auction and did not sell. Collectable’s card is graded BGS 9.5 and is expected to begin trading on July 23rd. Goldin sold two PSA 10’s in their Elite Auction on May 22nd with the lowest sale going for $246,000. 

Asset: 2007-08 Topps Chrome Refractor Kevin Durant Rookie Card /1499 (PSA 10)

Goldin: $21,600

Collectable: $17,188

Otis: $20,644.80

Review: The Durant cards on both Collectable and Otis have now sold-off beyond Goldin’s recent auction price. The Durant result is still a drop from the May auction result when a PSA 10 sold for $39,600. 

Asset: 1986-87 Fleer Basketball Unopened Wax Box

Goldin: $184,500

Collectable: $176,400

Rally: $148,500

Review: Although the Goldin result is a steep fall from prices hit during the winter it represents a slight recovery from prices realized during the last auction. Goldin sold two boxes during their June 5th event for $168,000 each. The sealed wax currently trading at both Collectable and Rally are now safely under this new comp for the 1986 Fleer box. 

Asset: 1986 Fleer Michael Jordan Rookie Card (PSA 10)

Goldin: $270,600 and $233,700. 

Collectable: $255,000

Rally (Exit): $72,000

Review: The Fleer Michael Jordan rookie has failed to break through $300,000 in the month of June. Goldin has sold four PSA 10 examples between two events during the month with prices ranging from $233,700 to $295,200. The Collectable card has fallen 19% in June and finds itself in the middle of the auction range. 

Asset: 1980-81 Topps Scoring Leader (PSA 8)

Goldin (1 card): $7,995

Collectable (2 cards): $22,000

Review: The single Goldin card sold for nearly $8,000 and the basket on Collectable which features two cards is currently selling for $22,000. The basket is down 20% from its IPO price of $27,500.

Asset: 2003-04 UD "Exquisite Collection" Basketball Factory Sealed Hobby Box

Goldin: $62,730

Collectable: $79,750

Review: Collectable IPO’d a 2003-04 UD Hobby Box on June 22nd for $109,750 but reduced the market cap to $79,750 after the latest auction result. The Exquisite boxes contain a single five-card pack that includes at least one signed rookie patch card. 

Boxing

Asset: 1960 Hemmets Journal Cassius Clay (Muhammad Ali) Rookie (PSA 9)

Goldin: $98,400

Rally: $235,000

Review: The Goldin sale marked the first time a PSA 9 Hemmets Journal Cassius Clay has sold at the auction house. The sale is significantly lower than previous PSA 9 comps so investors should follow upcoming events to see if the result is an outlier. 

Baseball

Asset: 2009 Bowman Draft Picks Chrome Prospect Refractors Mike Trout Signed Rookie Card (BGS 9.5/Auto 10)

Goldin: $33,600

Otis: $34,350

Review: The Trout card has dropped -25% on Otis overall and is down -11.76% this month. Goldin’s sale places the asset in line with the current market cap found on Otis. The Los Angeles Angels placed Trout on the 60-day injured list on 6/28 which means the superstar will be out until after the All-Star break.

Asset: 1993 SP Foil #279 Derek Jeter Rookie Card (PSA 9)

Goldin: $10,455

Collectable (2 cards BGS 9.5): $52,868

Review: Collectable’s offering has struggled since opening for trading this month- the basket is down -47% since IPO. Goldin’s result is for a PSA 9 which usually sells at a multiple 1.5-2x below a BGS 9.5 depending on subgrades. 

Asset: 1952 Topps #261 Willie Mays (PSA 8)

Goldin: $233,700

Collectable: $239,000

Review: The highest price paid for any baseball card sold at Goldin was this 1952 Topps Willie Mays. The sale is an impressive result considering Goldin sold another PSA 8 for $182,400 in May. Collectable’s card is scheduled to begin trading on July 30th.

Football

Asset: 1981 Topps Joe Montana Rookie (PSA 10)

Goldin: $47,970

Collectable: $61,125

Otis: $48,000

Rally: $70,000

Review: Goldin’s sale is similar to the result from their May auction when a PSA 10 sold for $51,600. Collectable and Otis both have PSA 10 Montana cards that are actively trading on their platforms. The Collectable example is down -7.5% overall while the Otis card is up 60% overall but down 9.9% in the last month.

Golf

Asset: 2001 SP Authentic Tiger Woods Signed Rookie Card /900 (PSA 10)

Goldin: $55,350

Collectable: $25,536

Rally: $25,530

Review: The multiple used to appraise PSA 10’s for this Tiger Woods card against BGS 9.5’s is usually 2-2.3x. The auction result is a slight discount to the sale of a PSA 10 sold by Goldin in May- the card went for $62,730. 

Hockey

Asset: 1979 O-Pee-Chee Wayne Gretzky Rookie Card (PSA 9)

Goldin: $150,600

Collectable: $170,850

Review: The Goldin sale is a decline from their May auction when a PSA 9 sold for $225,000. Collectable’s card has gained 155% from its IPO price but is down -22.7% over the last month. 

Soccer

Asset: 2004 Panini Sports Mega Cracks Barca Campeon Lionel Messi Rookie Card (PSA 10)

Goldin: $9,225

Otis: $26,460

Review: This sale follows the May 22nd auction in which a Messi PSA 10 sold for $17,220. The Otis card opened for trading on April 26th at a $25,200 market cap and has gained 5% overall. The Otis market cap has remained unchanged since June 17th.

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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk. 

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