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QUESTION: Bought 19 packs of cards for $27K each, do you open them?

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Those packs of cards that were found in the attic from the Bowman 1948 set  – the first time the company produced a set for baseball – were recently auctioned off by the Mile High Card Company for a staggering $521,183.
Do the math and for the 19 unopened packs, that’s more than $27,000 per pack.
Screen Shot 2017-06-06 at 9.43.54 AMI assume if you had deep enough pockets to make such a purchase, you’d be ripping into the packs eagerly. Unless the intent is to resell the lot of unopened packs for a higher price.
But then again, the 1948 set had some great rookie cards from Hall of Famers Stan Musial, Yogi Berra and Ralph Kiner to name just three.
If the packs were unopened, there’s a good possibility of them being graded well, therefore increasing the individual value of the card.
On the flip side, like many collectors know and have experienced, the box can be a bust without any elite players in them.
The tiebreaker might just be how big of a sports card fan is the winning bidder? The unopened packs of cards might be too hard to resist.

0 thoughts on “QUESTION: Bought 19 packs of cards for $27K each, do you open them?”

  1. There is also a market for graded sealed packs, I would inspect and consider that option as well. If there are packs in the lot that are not in great shape I might consider opening those, but the allure and mystery of what could be contained may drive the value more than the reality of the actual contents.

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