1952 Topps Baseball set featuring 394 of the 407 cards issued realized over $100,000 at auction on November 4. The sale was conducted by Robert Edward Auctions of Hoboken, New Jersey. At the consignor's request, every card in the sale was graded by PSA before being offered.
Although the set was missing a few key cards, including #311 Mickey Mantle, over 100 bidders jammed the phones on the final day, their interest spurred by the extremely high overall quality of the collection.
"I didn't realize how well it would be received," said Robert Edward Auctions president Robert Lifson. "I knew the set would do well, but the levels were surprising. Going into the final day, the total hammer price stood at $37,000. Then, things just took off."
"Took off" they did. The first lot offered 72 different cards from the first series (180). Against a $2,500 reserve and a SMR "ask" of about $10,000, the first group of cards soared to a final selling price of $28,280! The momentum carried into lot #2, where a Pete Runnels in Mint 9 sold for $2,622, and continued throughout the sale.
"This proves that the term 'common card' is a misnomer," David Hall, CEO of Professional Sports Authenticator, said. "There are star cards and nonstar cards," Hall continued, "but in the vintage card market socalled common cards are not common."
Lifson was quick to praise PSA for much of the success of the sale. "They [PSA] are doing a great job," Lifson said. "It's a great service to buyers, it helps both the dealers and collectors discern the highest quality cards, and it takes away the worries about buying doctored cards."