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

Memory Lane in White Plains This Weekend

Memory Lane in White Plains This Weekend(0)

Visit Memory Lane at The White Plains Sports Card Show November 24-26, 2017.  Memory Lane Inc is actively accepting consignments for our upcoming 2017 Auctions. We are accepting sports cards and memorabilia, including graded cards, unopened wax, game used jerseys, and much more.  Call us today at 888-606-5263. If you know cards – You know Memory Lane Auction!

Elite treasures from Ruth, Gehrig, DiMaggio, Mantle and More Featured in ‘The Yankee Legends Collection’ offered by Heritage Auctions

Elite treasures from Ruth, Gehrig, DiMaggio, Mantle and More Featured in ‘The Yankee Legends Collection’ offered by Heritage Auctions(0)

The New York Yankees’ 2017 season ended in the seventh game of the American League Championship Series, but Heritage Auctions keeps the spirit of pinstriped competition alive with a special, single-consignor collection titled “Yankee Legends” which is now open for bidding at HA.com/7230. The special sale will close in extended bidding format Dec. 10. The consignor

Memory Lane in Chicago this Weekend November 17-19, 2017

Memory Lane in Chicago this Weekend November 17-19, 2017(0)

Visit Memory Lane at The Fanatics Authentic Sports Spectacular November 17-19, 2017.  Memory Lane Inc is actively accepting consignments for our upcoming 2017 Auctions. We are accepting sports cards and memorabilia, including graded cards, unopened wax, game used jerseys, and much more.  Call us today at 888-606-5263. If you know cards – You know Memory Lane Auction!

Memory Lane in Boston This Weekend

Memory Lane in Boston This Weekend(0)

Visit Memory Lane at The GBSCC Show at the Shriner’s Auditorium November 3-5, 2017.  Memory Lane Inc is actively accepting consignments for our upcoming 2017 Auctions. We are accepting sports cards and memorabilia, including graded cards, unopened wax, game used jerseys, and much more.  Call us today at 888-606-5263. If you know cards – You know Memory

Accepting Consignments in Memory Lane’s Winter Auction

Accepting Consignments in Memory Lane’s Winter Auction(0)

Memory Lane Inc is actively accepting consignments for our upcoming Winter Auction. We are accepting sports cards and memorabilia, including graded cards, unopened wax, game used jerseys, and much more.  Call us today at 888-606-5263. If you know cards – You know Memory Lane Auction!

read more

Auction Schedule

Featured Auctions:
(*) Meigray Auctions: Nov. 1 - Nov. 21
(*) PWCC Auctions: Nov. 1 - Nov. 21-22
(*) Mile High Card Co: Nov. 13 - Nov. 22
(*) Meigray Auctions: Nov. 1 - Nov. 23
(*) Sirius Sports Cards: Nov. 11 - Nov. 24
(*) Love of the Game: Nov. 9 - Nov. 24-25
(*) Pristine Auction: Nov. 1 - Nov. 26
(*) Auction of Champions: Nov. 1 - Nov. 29
(*) PWCC Auctions: Nov. 1 - Nov. 26-30
(*) Collect Auctions: Nov. 13 - Nov. 30
(*) Goodwin & Company: Nov. 11 - Nov. 30
Iconic Auctions: Nov. 23 - Nov. 30
Steve Novella: Nov. 23 - Nov. 30
(*) Heritage - Historical: Nov. 13 - Dec. 2
MEARS Auctions: Nov. 22 - Dec. 2
(*) NHL Auctions: Nov. 16 - Dec. 5
(*) RR Auction: Nov. 17 - Dec. 6
University Archives: Nov. 22 - Dec. 6
(*) Clean Sweep Auctions: Nov. 9 - Dec. 6-7
(*) Mile High Card Co: Nov. 20 - Dec. 7
Sirius Sports Cards: Nov. 25 - Dec. 7
Steve Novella: Nov. 30 - Dec. 7
Green Jacket Auctions: Nov. 21 - Dec. 9
Small Traditions: Nov. 26 - Dec. 9
(*) Heritage - Comics: Nov. 20 - Dec. 9-10
Heritage - Historical: Nov. 21 - Dec. 10
(*) Heritage - Sports: Nov. 15 - Dec. 10
RR Auction: Dec. 7 - Dec. 14
Iconic Auctions: Dec. 9 - Dec. 16
Sirius Sports Cards: Dec. 9 - Dec. 21
Sterling Sports: Dec. 14 - Dec. 28
Pristine Auction: Dec. 1 - Dec. 30
2017 Full Auction Schedule

Daily/Weekly Auctions:
(*) Fanatic Auctions: Daily
(*) Greg Morris Cards: Daily
(*) NHL Auctions: Daily
(*) Pristine Auction: Daily
(*) Kevin Savage Auctions: Every Monday
(*) Pristine Weekly: Every Tuesday
(*) Kevin Savage Auctions: Every Wednesday
(*) Pristine Classic: Every Wednesday
(*) Auction of Champions: Every Other Wednesday
(*) Kevin Savage Auctions: Every Thursday
(*) NBA Auctions: Every Thursday
(*) Sig Auctions: Every Thursday
(*) Fusco Auctions: Every Friday
(*) Heritage - Sports: Every Sunday
(*) Heritage - Comics: Every Sunday
(*) Heritage - Entertainment: Every Sunday
(*) Heritage - Historical: Every Sunday
(*) Just Collect: Every Sunday
(*) Steiner Sports: Every Sunday
(*) Lelands Internet: Weekly
2017 Full Auction Schedule

Consignment Deadlines:
Sirius Sports Cards - 11/25
Goldin Auctions - 11/30
Classic Auctions - 12/1
Sterling Sports - 12/7
PWCC Auctions - 12/10
Lelands.com - 12/15
Sirius Sports Cards - 12/15
Steiner Auctions - 12/15
MEARS Auctions - 12/18
Huggins & Scott - 12/22
REA - 1/16
All Consignment Deadlines
Consign/Sell Here

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

© 2017 Auction Report All rights reserved.