This week on Auction Action, the Altan Insights team virtually visits Goldin to review the results of their Goldin Elite Auction. Note that all Goldin Auction prices include 20% buyers premium. Looking for more comps and sales data? Be on the lookout for more in-depth Goldin auction coverage coming soon!
Collectable: $1,092,000 (BGS 8.5)
Review: This was a strong sale for a BGS 8/Auto 9 and could boost the valuation of the Collectable card. Collectable's BGS 8.5 graded example is down -16% since IPO and has dropped 10% over the last 30 days. The RPA is currently trading more than $250,000 below the past two sales of comparable cards and this Goldin sale of a worse-conditioned copy nearly caught the Collectable price.
Rally: $72,000 (Exit)
Review: This marks the fifth straight sale of a gem mint Jordan rookie that closed under $300,000. This was also the lowest realized price for this card at Goldin since June. Collectable's MJ is currently trading at a $300,000 market cap and has gained 200% since IPO but is down -4.5% over the last week.
Rally: $96,250 (BGS 10)
Review: Rally's card carries a slight premium due to its subgrades and this Goldin sale falls in-line with the $70,000-$80,000 range we have seen from PSA 10 graded examples this winter. Rally's card is down -3.75% since IPO and the Otis card, which is a direct comp to the Goldin sale, is down -74%.
Rally: $34,650 (BGS 9.5)
Review: While not a direct comp due to the Rally card carrying a 9.5 grade from BGS, the Goldin sale is the highest for a PSA 10 since May. In February, PWCC sold a PSA 10 for $47,824, which demonstrates the strong performance of the card sold at Goldin. Rally's coated Kobe card is down -55% on their secondary market after opening at a $77,000 market cap.
Review: The highest sale price for a sealed wax Fleer box since December was realized at Goldin over the weekend and the current price far exceeds that valuations currently on fractional platforms. The Rally box is currently trading at a $171,600 market cap and has dropped -7.5% since IPO. Collectable's box is down -13% over the last six-months but is still up 4% since IPO. There has only been one sale under $200,000 since September and while the sealed wax still lags prices struck last spring, the fractional returns continue to trail significantly.
Review: Prices have continued to remain range-bound for but this sale did represent an uptick in value after prices dropped below $16,500 in the latter half of February. Prices have not peaked above $20,000 though since January and are still well below prices realized last April.
Rally: $225,000 (PSA 10)
Review: This was a tough sale for the Kobe refractor market. In February, PWCC sold a BGS 10 for $216,000 which was the highest sale price for a BGS 10 since May. The Goldin auction pushed towards $200,000 but fell just short. Rally's PSA 10 is expected to open for trading soon and was filled by 2,330 investors.
Review: Rally’s card carries the same subgrades as the example sold by Goldin and is currently selling at a discount to this latest price. The Goldin result was disappointing and represents the lowest auction price for a BGS 10 example in over a year. Rally’s Chrome Refractor has slipped -7.25% on their secondary market since IPO after being offered at a $100,000 market cap in November 2020.
Review: No direct comps here but it is important to note that this price closed at the same level as another PSA 10 sold for in February. Meanwhile, Collectable's BGS 9.5 is down -5.6% and Rally's PSA 9 is down -26.6%.
Review: Baseball is back and plenty of collectors and investors will be following Mike Trout this season after recent injury issues. The Otis Trout is down -19.4% since IPO but is up 25.6% over the last three months. This Goldin result falls in line with recent comps and exceeds a recent sale for another BGS 9.5 that sold via eBay for $30,100.
Collectable (2 Cards): $198,000
Review: The Goldin sale closed within the same range as recent results. Rally's BGS 9 is up 192% since IPO but has dropped -18.6% over the last month. Collectable's card is up 23.6% since IPO but has also dropped -7.2% in the last month.
Review: One of the hottest 20th century football cards continued to climb this weekend at Goldin. The final price realized at Goldin is the highest ever and marked the first six-figure sale for this Montana rookie. The previous PSA 10 on Goldin was in August and settled at a $44,280 price, which is less than half of the Montana sale this week.
Rally: $85,000 (BGS 8)
Review: Rally's BGS 8 opened for trading this week and is already up 65% since IPO. The Goldin sale is the second highest public price ever paid for a Serena Williams card and represents the continued growth of the Serena market. While the market is still awaiting the appreciation of another female athlete, Serena has carried the torch to new levels as six-figure prices are becoming commonplace.
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