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03-19-2010, 05:06 PM #1
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What do you think about the Olympic GU prices??
Basically, I've been watching some of the game/event used items on eBay being sold by the official Vancouver username and have been really surprised by how high some have gone. Some (most) seem completely insane to me, which is why I want your opinion.
Do you think they're crazy prices too, or is it just me? Do you think that these items will ever hold their value or is it just a hype factor that's driving the prices up this high right now?
Some examples:
Team Canada autographed souvenir stick. NOT game used -- $7k+
Game Used USA vs Canada Gold Medal game hockey puck -- $5,900+
**Many other game used pucks from that game ranging from $3,600 - $5,500
Tons of autographed REPLICA Canada hockey jerseys of various players for well over $1k
8x10 auto of Canadian Gold Medal mogul skier -- $700
** Many other auto'd 8x10s of various athletes for $300+++
REPLICA panel from skiing mogul competition - $200+
** There are several of these replica panels that have sold and some still listed
Game Used USA vs Canada Gold Medal game hockey puck (OT used) -- $8,500 +++ -- bidding still going
** This is NOT the puck used to score the winning goal, it says it in the auction description.
So, anyway, just a few examples....
I'm wondering because I'm thinking of trying to pick up an Olympic competition used item, but I'm afraid that it will quickly get out of my range where I can justify the expense. (I have a specific item in mind, but won't mention it to try to keep exposure down. haha)
-Brian
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03-19-2010, 05:23 PM #2
Re: What do you think about the Olympic GU prices??
The prices vancouver2010auction are getting are ridiculous. A Sidney Crosby game worn jersey (1 game) is already up to $10K with just under seven days LEFT.
They've been auctioning off REPLICA, NON-GAME USED pucks that have been consistantly going for $150-$280, and I'm pretty sure one of the earlier ones listed went for closer to (if not exceeding) $500. For a replica puck - the kind you see at stores for $5. Heck, I won a jersey from them and they threw one of these pucks in FOR FREE.
I've already posted that I won a game worn Canadian Women's hockey jersey, and I know I'll never get the money back if I ever chose to sell, but for me, a lot of factors contributed to me paying more. Favourite player; gold medal for the country; Olympics played in my home country; all of this made it easier to swallow the hefty price tag.
A couple of years ago I won a Sarah Vaillancourt game worn jersey from the World Championships for $250, and I recently won her 2010 Olympic jersey for $660, so a lot of people definitely put a premium on Olympic gear.
In short, yes, I agree, the prices the Olympic stuff is going for are insane
-Pam
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03-19-2010, 06:23 PM #3
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Re: What do you think about the Olympic GU prices??
sugarpam - Yeah, what really got my attention was the replica autographed jerseys going for thousands of dollars and the pucks that were going for several hundred. I couldn't believe that people would actually pay that much for these items that have no real significance.
As for the hockey jersey you won, that may be more than her items usually go for, but it's still "only" $660. You may have overpaid by a couple hundred dollars (maybe 50%), but at least you didn't overpay thousands (a few hundred %). haha Plus, the fact that it was game worn and olympics in your home country and gold medal all adds to the value.
I'm thinking of buying a snowboarding item of one of my favorite snowboarders, but I'm not interested in even paying $600 like you did for your jersey. We'll see what happens. I hope that it says low enough so I can buy it or goes for waaaaay more than I'm willing to pay... That way I won't feel like I just missed the winning bid and regret it. If I don't win it and it goes for like $1k, then I'll be much happier.
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03-19-2010, 06:29 PM #4
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- Jan 2010
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Re: What do you think about the Olympic GU prices??
There is a website that has the Official rights to auction 2010 competion signed as well as used items, but I am not sure if I can post it....
Moderators, can you let me know if I can post the site address without it being a violation of the rules? Or just mention the company name?
Thanks!
Jeremy
macleodjeremy@hotmail.com
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03-19-2010, 06:31 PM #5
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Re: What do you think about the Olympic GU prices??
They have an official auction username on eBay, but in the listings it says that it's run by Gameday Auction.
Is that what you're referring to?
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03-19-2010, 06:37 PM #6
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Re: What do you think about the Olympic GU prices??
yeah that's the one.
Just read a post earlier about the forum rules and pormoting websites, etc...so I thought I would play it on the safe side.
I live in Vancouver and there is a lot of Olympic stuff that is floating around here.
Even at the Canucks games you can buy competition used/signed bids, jerseys and other stuff. Saw one a few weeks ago at the Olympic hockey game that was around $125 and was worn by a bobsleigh team.
Jeremy
macleodjeremy@hotmail.com
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03-30-2010, 12:34 PM #7
Re: What do you think about the Olympic GU prices??
Has anyone won one of these auctions? If so what is COA like and is their some type of hologram serial # on the item. Just looking at the game used Mens hockey pucks. If you pay 5-6 grand for a puck from one of those games. I would hope it has some iron clad authentication to it. From looks of auction pictures. You get puck in a plastic bad with game info on it. And a little paper cert. Does puck itself have some hologram on it?
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03-30-2010, 01:03 PM #8
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Re: What do you think about the Olympic GU prices??
I'm not sure about the official Vancouver Olympics auctions, but I can tell you that the Hannah Teter stuff that I was interested in came with NO COA/LOA. Nothing at all. I tried to convince the seller (who was not Hannah herself) that I would bid more on an item if I could just get a simple LOA signed by Hannah, but never heard back.
The Teter stuff is definitely legit because she linked to the auctions from her Facebook page, mentioned it in interviews/news stories & Burton had a press release for it. But, as I told the seller of her stuff, I'd be much happier to spend more money on an item just to have the "insurance" of it having an LOA for the future. I completely believe 100% that the stuff was real, but an LOA is always nice.
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03-30-2010, 12:24 AM #9
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Re: What do you think about the Olympic GU prices??
in my opinion the autographs are a horrible investment. in twenty years except for the male hockey players noone will remember who these athletes are. it is like buying reality tv star autographs although the olympics are obviously a much bigger achievement than being on jersey shore the end result is still the same they will fade from the memory. can anyone name five different gold medal winners from the 2002 games (not including hockey) without looking it up. and said male hockey players have enough signatures on the market to go around and will continue to add more and more throughout the course of their lives.
as for the event used stuff it is a novelty since this is the first time a large quantity of this stuff has hit the market in the same time period. when the novelty fades prices will level off. as for the crosby he is a great player when it is all said and done he will be top 10 alltime i predict and the pens are one of the few teams that do not have a contract with meigray so his stuff is relatively rare in any form.
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03-30-2010, 12:54 AM #10
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Re: What do you think about the Olympic GU prices??
I agree with everything but the last comment. Not having a MeiGray contract means there is no accountability. He could be wearing 82 jerseys a year. The very few jerseys I have seen pictures of showed no wear. Sid plays all out and gets his ass handed to him in his helmet every night. So why are his game worns so clean? Now Joe Tomon handles their game worns and he is a truly honest dealer. Anything from him is real in my experience and he does get a nominal 3 sets of homes and aways. But the Pens have a history of "back door" jerseys going out from their original Equipment manager to the more recent guy who was the prior's protege. So there are 6 to 10 Tomon's and who knows how many one game wonders?
On a similar note, Alex Daigle was a hot shot "can't miss" prospect when the Ottawa Senators drafted him in the early 90's. Along with Alexi Yashin, they were supposed to be the next Gretzky and Messier. Neither lived up to their hype (unlike Sid and Malkin) but Daigle has said he wore a ton of jerseys, sometimes more than one a night! These sold for thousands when he was hot. You could get one now for $150 because honestly, their may be over 500 of them in the hobby.
Pavel Bure in the early 90's used to wear a ton of jerseys as well. He told an interviewer once that everyone from owner Frank Griffiths to the equipment manager to his best friend Gino Odjick would ask him to wear a jersey for a game and he would give them away as gifts. Makes me glad to see my Bure with a sleeve insert to protect his broken wrist and 3 repairs. Some Bure's I have seen are literally brand new looking. Maybe a mark on a sleeve. And they still sell today for $2k! In 1994, Bure's sold for $5k easily. So while he retained a value, it's only 40%. Not saying Bure and Crosby are the same player but in his prime, Bure was a lot like Ovechkin. And in VanCity, he was the Beatles.
Bottom line, I can only hope people who get the opportunity to spend $34k on a barely used shirt garners them the same sense of joy I get whenever I see my Bure. Otherwise, if their motive is future financial gain I think a very sad and disappointing road lays before them. It is a great moment in Canada sports, Sid is a bonafide superstar but it was worn in one Olympic game in the first round. I guess of Reebok would pay $10k for Sid's stick and gloves and sticks are usually 1/5th the price of jerseys, Sid's jersey from that game would be $50 to $100k (but since he is keeping it, we will never know for sure)