Subscribe to RSS

Auction House Could Set Record With Sale of Rare Baseball Card

T206 Honus Wagner baseball card being offered by Memory Lane Inc.

A rare, 103-year-old Honus Wagner baseball card sold at auction Thursday, April 19 for more than $1.2 million. Now, a Tustin, California-based sports memorabilia auction house is offering another example of collecting’s ‘holy grail’ that’s already setting records. Memory Lane Inc., which specializes in rare sports cards, is offering an authentic example of the famed T206 Honus Wagner card in its newly launched ‘Holy Grail Auction’. Graded “2” or “Good” by Professional Sports Authenticator (PSA), the card is among the better known examples of the undisputed key to the set issued through American Tobacco Company products from 1909-1911.

It has been in the possession of a prominent east coast collector for many years and was recently consigned to the Tustin-based auction company.

The card’s opening bid of $550,000—the highest in sports collecting history—has already been made. With the company’s 19% buyer’s premium, the actual bid stands at a remarkable $654,000 with bidding not scheduled to end until May 5. The current bid has already smashed the record for a Wagner card in this condition. The card that brought $1.2 million on Thursday ranks just one grade higher than the one being sold by Memory Lane.

The legend behind the Wagner card is that the Pittsburgh Pirates’ star shortstop asked for American Tobacco to pull his card from production in the spring of 1909. Some speculate he did it because he abhorred smoking. Others say he didn’t want children to have to buy tobacco to acquire his card while another faction believes it was simply a dispute over compensation for the use of his picture. Whatever the reason, early card collectors quickly recognized its scarcity and the legend has only grown greater over time.

With less than 100, and perhaps as few as 60 examples known to have survived spring cleaning rituals and wartime paper drives, the T206 Wagner card has proven to be a shrewd investment in addition to being a highly prized collectible. In 2006, Memory Lane sold another PSA 2 Wagner for $294,338, less than half of the current bid on the card currently being offered. Just 12 years ago, a “Very Good” condition Wagner sold for what now looks like a bargain basement price of $145,000.

In addition to its supreme rarity, the majority of the surviving Wagner cards have graded “poor” or simply been designated as “authentic” because of numerous severe flaws, even trimming in some cases. The PSA 2 Wagner Memory Lane is offering exhibits some creasing and corner wear, but ranks among the more respectable cards of its kind ever to come to auction.

In addition to the Wagner card, Memory Lane is also offering a T206 Eddie Plank, one of the other three ultra-scarce cards from that series. It’s expected to sell for a six figure sum.

To register or receive a free catalog with hundreds of other auction items from the 19th century to the present day, call (877) 606-LANE (5263) or visit the company’s website

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

Bid Now: Heritage Sports Golf Auction Ends Sept. 25-26 In Progress

Bid Now: Heritage Sports Golf Auction Ends Sept. 25-26 In Progress(0)

Bidding is now open for the September 25 – 26 Sports Collectibles Golf Catalog Auction at Heritage Auctions. Signature Session 1 (Lots 800001-80314) – Closes 10:00 PM Central Time, Thursday, September 25, 2014 and Signature Session 2 (Lots 80315-80664) – 10:00 PM Central Time, Friday, September 26, 2014. Hundreds of amazing gold items up for bid

Memory Lane in Long Beach this Weekend Sept. 4-6

Memory Lane in Long Beach this Weekend Sept. 4-6(0)

Memory Lane Inc will have more than 50 historic items related to Babe Ruth will be on display at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, September 4 – 6. The display sponsored by Memory Lane and will include signed letters, photographs, a 1927 souvenir program book, a 1932 Ruth game-used bat,

Ruth Items on Display from Memory Lane Inc. at Long Beach Expo

Ruth Items on Display from Memory Lane Inc. at Long Beach Expo(0)

(Written Rich Mueller of Sports Collectors Daily) – More than 50 historic items related to Babe Ruth will be on display at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo, September 4 – 6.  The display, which was also part of this year’s National Sports Collectors Convention in Cleveland, is sponsored by Memory Lane and will include

Ruth Cards, High Grade Hornung Rookie Lead $2.2 Million Memory Lane Auction

Ruth Cards, High Grade Hornung Rookie Lead $2.2 Million Memory Lane Auction(0)

Three vintage Babe Ruth cards sold for a combined $222,270 in Memory Lane’s Summer Rarities Auction which closed early Sunday morning but there were plenty of other noteworthy sales. A 1933 Goudey Ruth #149 graded PSA 8 topped bidding at a record-setting $78,870, closely followed by the #53 Ruth from the same set. Also rated

Just Collect Offers The Terrapin Tobacco Treasury

Just Collect Offers The Terrapin Tobacco Treasury(0)

Tobacco was first grown in the colony of Maryland in the late 1600’s, and by 1740, was the leading revenue-earner for the Land of Crabcakes located at the northern end of the USA’s Piedmont region. Who knew that the cash crop, with the addition of images of baseball players in packs, would become a “cash

read more

E-mail Newsletter Sign-Up

Sponsors

Contacts and information

Auction Report is the premier web site for news coverage and more on the best auction companies.

Social networks

Most popular categories

© 2014 Auction Report All rights reserved.