Heritage Sports News: Spotlight on The Mitchell Report

HA.com is the place to be every Sunday night for collectors of fine sports memorabilia and trading cards. Over 100 lots will close to initial bidding at 9 PM CT. On a lot-by-lot basis, individuals that bid on any lots during Normal Bidding may continue to bid on those lots during the next two hours (9 to 11 PM CT). At 11 PM CT, a 30 minute countdown begins for each lot on a lot by lot basis. Any previous bidder on the lot may continue to place bids, and any bids placed on a lot will extend the bidding on that lot for 30 minutes.

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Here are some of the items featured in the current Sunday Internet Sports Auction:
Featured Items – 167 Lots Ending Sunday December 23

1960 Topps Baseball Complete Set (572) Plus Wrapper (1).
1961 Topps Baseball Complete Set (587) Variations (6) Plus Wrapper.
1955 Topps All-American Complete Set (100) Plus Variations (2).

197 Lots Ending Sunday December 30

1958 Topps Baseball Complete Master Set (494) Plus Yellow Letter Set (33).
1959 Topps Complete Baseball Set (572).
1952/53 Parkhurst Hockey Complete Set (105).

Spotlight on The Mitchell Report.

It’s been called the biggest scandal to hit baseball since the 1919 Black Sox fiasco, only this time the blame and shame is distributed across the entirety of the professional baseball world rather than headquartered in a single city. Some of the names don’t surprise most fans, and others leave us shocked, heartbroken, or both. Jose Canseco was old news, as was Barry Bonds. Arguably the biggest “Say it ain’t so” was reserved for the man they call the Rocket. With his first-ballot Hall of Fame induction suddenly in jeopardy, and a tarnish thrown upon his seven Cy Young Awards, Roger Clemens may find he has far more in common with Shoeless Joe Jackson than just a southern drawl.

How will this development affect the market for collectibles related to these sullied superstars? The full impact probably won’t be clear for some time. Clearly Mark McGwire’s falling stock isn’t due entirely to the short life of his single season home run record. His poor performance in the congressional hearings on the topic of performance enhancing drugs, and his unwillingness to offer an unequivocal denial of wrongdoing, are probably equally damaging to his price points. We’ve already seen his rookie card tumble from hundreds of dollars for a Mint specimen to about $35 or so today.

The moral of the story seems clear. And it’s not “Just Say No,” though certainly the use of any drug not prescribed by a medical doctor is ill advised. The lesson collectors should learn is this-when it comes to investing, vintage is better. Anyone who held onto McGwire rookie cards too long could attest to this fact, as could anyone who stocked up on Michael Vick jerseys. The modern market is incredibly volatile compared to the vintage equivalent, where Joe Jackson and Ty Cobb have long since been forgiven for their indiscretions, and will cause no more future problems.