$5000 is really a ridiculous price for this pack. Is it rare? Yes... but where is the value? There are no significant rookies in that set, and it's not a highly collectible set either. If this was a '55 Parkie pack, I'd say he may get several thousand, but I don't see anyone paying more than $1500-$1800 for it... and maybe not even that. At the 2010 National in Baltimore, I ran into a guy who had just bought a '51 Parkie pack (although it was searched because those packs just folded shut), and he said he paid $6k. But $5k or even $3k for a '59 pack??? I seriously doubt it...
When it comes to really rare stuff, at times there can be a few big spenders that can really give a false impression of what true value is.
5k is high for that item, but there may be one or two big fishes that would
be willing to nibble at that price.
The rest of us would see the value at a much lower level.
I have personally been involved in seeing some rare items go for 10x
book. I've seen $700.00 items go for $7,000.00, and once saw a
$500.00 item go for $2,000.00 These are few and far between, but if
you have something that rare, then why not put a premium on it ?
With this type of item, it's just a question of offer vs demand, and how serious are the potential buyers. I wouldn't be surprise to see that pack sell for $3000.00 because of it's rarity even if I think it's too high.
It happens all the time to see stuff go for 5X, 10X or even 25X book price. On the other side you see tons of common items or unwanted items go for 1/5 or 1/10 of the book price.
Book prices are just a starting reference, and the people who assign them don't control all the factors that justify the final price of an item...
The bottom line is that when an item is rare, in high grade condition and on many collectors want list, it's always going to bring a big premium to the seller.
I used to collect packs years ago but have since sold them all as i truly believe these packs get graded with re-sealed packs a lot of the times.
You would think PSA knows how to grade sealed packs but these guys can be easily fooled once in awhile.
Just way to many packs that are around in PSA or GAI capsules that have been re-sealed which is a big turn off for me which made my decision to stay away from packs for good.
I would only buy that pack for $500 for the wrapper.
Just my 2 cents.