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Auction Action: May Goldin Elite Auction

Auction Action: May Goldin Elite Auction
May 21, 2022
Bradley Calleja

Goldin Auction Preview

If you have not heard the news, Goldin is more than just a sports auction now. With comics, cars, video games, and Pokémon in addition to their standard lineup of sports items, there are multiple records across multiple asset classes that could fall this weekend. We preview the a few trends to watch. and look into the top lots scheduled to sell this weekend.

Trends to Watch

The Comic Climb Continues

There are 28 different comics set to sell this weekend at Goldin and around 30% of them are expected to sell for six or seven-figures. With iconic examples such as the 1939 DC Detective #27 or 1962 Marvel Amazing Fantasy #15, this is an auction that rightfully commands respect from the comic book crowd.

Multiple Memorabilia Records

Sandy Koufax, Michael Jordan, Jackie Robinson, Bill Russell, and Julius Erving are just a few of the legends who will have pieces of memorabilia sold this weekend by Goldin. In April, Goldin established a new record for any Jackie Robinson baseball bat and this weekend they are set to deliver even more memorabilia records across different sports, eras, and asset-type.

Can fractional comps rebound?

If you have followed the recent returns on fractional markets, you are likely aware of how much both sports cards and memorabilia have struggled as of late. While there have been outliers across specific sports and assets, average weekly and monthly returns have been negative and outside of a few high-flying/record-breaking sales, the auction market has not provided much support for a reversal in prices. This Goldin auction features dozens of direct and indirect comps ranging from Michael Jordan rookies and vintage Mantle cards Mike Trout autos and sealed wax. The PWCC Premier auction this past week did not promote much confidence in the market, as the majority of sales fell below the valuations on fractional platforms. If the tides are going to change anytime soon for alternative asset investors, the change will likely be led at the auction house and Goldin is providing an excellent opportunity for that this weekend.

Lots to Watch

Lot #2: 1939 DC Detective Comics #25 (CGC 6.5)

This prized comic book is expected to easily establish a new record for any 6.5 graded example as the top bid has already reach the $1 million mark heading into the final day of auction. While the all-time comic book record might be a long shot, the final price could challenge the all-time public record for the series as the asset has attracted 12 bids, all of which are above $500,000. On the private market, Goldin brokered a $1.8 million sale of a CGC 8.0 graded copy that is currently scheduled to be offered by Rally in the coming months.

Lot #11 : 1955 Sandy Koufax Game-Used Jersey

With a new Sandy Koufax jersey record on the way, the only question is how deep into seven-figures will this Koufax gamer go. Heading into Thursday, the highest bid from the jersey dated to 1955, which is the year Koufax made his MLB debut, was $600,000. Then on Thursday morning, the bid increased by $400,000 as a single bidder placed a $1 million offer. There is one caveat though, as the jersey has an unknown reserve which has not yet been met by the current bid. The $1 million price tag with buyer's premium would actually establish a new record for any Koufax jersey  and there have been other high-profile items, such as a game worn Jackie Robinson jersey, that have failed to reach their reserve on Goldin in recent weeks.

Lot #15 : 1997-98 Michael Jordan Eastern Conference Finals Game-Used Jersey

No athlete has captivated the sports collectibles market quite like Michael Jordan and after the ESPN series "The Last Dance", demand for blue-chip Jordan cards and memorabilia soared. In an epic seven-game series between the Chicago Bulls and Indiana Pacers, Michael Jordan helped guide the Bulls over Reggie Miller and company on his way to his sixth championship. This jersey is photo-matched to games 3 and 4 of the Eastern Conference Finals by Sports Investors Authentication and MeiGray. In both of those games the Pacers defeated the Bulls but MJ led Chicago with 30 points and 28 points respectively. The jersey has reached $600,000 through 7 bids but has yet to meet its reserve price.

Lot #99: 1996 Tupac Shakur Personally Owned H1 6.5L V8 Hummer

With another example of Goldin's continued diversification in to pop culture, this is arguably one of the most unique assets they have ever sold. The Hummer H1 was bought in August 1996, just one month before the rapper's tragic death. In the 1990s, Tupac rose to stardom and became a household name with hip-hop at a transformational time for the overall music industry. This tricked-out Hummer with original registration has a current bid of $144,000 with buyer's premium but will need to attract a few more offers before the reserve price is met.

Lot #8: 1998 Japanese Pokemon TCG Trophy Cards

With 20 bids already placed and the current highest standing at $480,000 with buyer's premium, one lot that could push seven-figures is this tria of 20th century Pikachu 1, 2, and 3 trainer cards. These cards come from a limited release and were gifted to the gold, silver, and bronze medalists at the 1997-98 Japanese Lizardon Mega Battle Pokemon tournament events. The cards should settle as the most expensive Pokemon-related assets to sell at Goldin and could offer a potential boost to a sector that has experienced a significant dip in prices over the last twelve months.

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