At this point, it may sound like a broken record but PSA graded set collecting is clearly a focus point in the market right now. Whether they are key, low population stars or merely pieces to the puzzle, cards needed to fill sets are hot, hot, hot! That was very clear in the latest Superior Sports Auction. One lot that clearly illustrates this point was the virtually complete 1962 Topps baseball set graded NM-MT 8 across the board.
Years ago, it would have nearly impossible to sell a compete set for a premium. Most people agreed that you needed to break the set down into individual lots in order to maximize the value. Today, that thought process has changed and it's supported by fact. The 1962 Topps set sold for $35,650. Consider this. This set is supposedly worth about $5,000-$7,000 ungraded. In addition, the final bid for this lot also shows that collectors are not only willing to pay a premium because it's a high-grade set, but also because they will avoid the hassle of piecing the set together card by card.
Set collecting is very fun but also very challenging if you want the best. If a collector can basically find a complete or virtually complete set in the quality that they desire, many collectors are choosing to buy the bulk lot and upgrade where necessary. The prices realized, over the past year, for PSA graded sets were unthinkable 5 years ago. Now, if you really think about it logically, this new thought process should remain and not simply be a short-term trend. It makes sense.
Now, back to the auction. Here's a look at some of the highlights from the Superior Sale: