In an auction that featured many outstanding lots of fine sports memorabilia, one PSA card stole the show.
The famous T206 Honus Wagner card, graded NM-MT 8 by PSA, sold for an astounding $1,265,000. The final dollar figure was a world record price for a sportscard. In fact, it was the first card to break the $1,000,000 mark and the price nearly doubled the previous price record held by the very same card. The previous record, $640,500, was recorded at Christies in 1996.
The high bidder on the famous Wagner card was Brian Seigel of Southern California. Seigel was featured in the July issue of the SMR in the Collector Profile section. The article was entitled Reeling in the Rarities. Now Seigel can claim to own the most legendary rarity of them all.
There were a lot of factors that contributed to the success of the sale and Rob Lifson, President of Robert Edward Auctions, explained why the interest was so high. "Initially, I was surprised by the interest in the card, but this card is so special that the interest makes sense," explained Lifson. "When this card was on display at shows, people would line up just to take pictures with it. On the Internet, millions of people were checking on the card. What other card could generate interest even close to this? With six active bidders between $500,000 and the final price, it was a great sign for the hobby."
Lifson was also very pleased by the final price on the Wagner. "We were hoping for a million dollars and I thought, at that level, it was worth every penny," explained Lifson. "It would end up exceeding our hopes by a significant margin so we were ecstatic. The consignor was pleased and the buyer, in my opinion, got a great deal on a card that should appreciate in the coming years."
In addition to the Wagner card, the auction featured many incredible pieces including other significant PSA graded cards. The final tally for the auction was a tremendous $7,170,230. Below is a list of 50 selected highlights from the sale.
|PSA 8 1909-11 T206 Honus Wagner||$1,265,000|
|1919 Chicago White Sox Team Signed Ball||$93,666|
|1909 T204 Ramly Set||$71,349|
|T202 Christy Mathewson Advertising Poster||$62,540|
|Babe Ruth Signed Baseball||$76,020|
|1914 Baltimore Orioles Team Photo w/Ruth||$26,435|
|Circa 1910 Ty Cobb Tobacco Tin||$24,653|
|PSA 8 1948 Leaf Joe DiMaggio||$20,343|
|Jackie Robinson's Last Game-Used Bat||$43,679|
|PSA Authentic 1863 Harry Wright(1st baseball card)||$83,542|
|PSA 8 1887 N28 Allen & Ginter Charles Comiskey||$7,948|
|Jimmie Foxx Signed Baseball||$17,046|
|1915 Boston Red Sox Team Signed Ball w/Ruth||$22,377|
|PSA 10 1981 Topps Joe Montana Rookie||$12,501|
|1921 Joe Jackson Pool Hall Bill of Sale||$36,098|
|PSA 8 1915 Cracker Jack Joe Jackson||$54,146|
|PSA 8 1915 Cracker Jack Walter Johnson||$30,925|
|PSA 7 1915 Cracker Jack Christy Mathewson||$12,501|
|PSA 8 1933 Sport Kings Walter Hagen||$5,829|
|PSA 8 1932 U.S. Caramel Bobby Jones||$12,329|
|1965-1968 Ernie Banks Game-Used/Autographed Bat||$9,607|
|1921-1931 Earle Combs Game-Used Bat||$14,087|
|1916-1920 Johnny Evers Game-Used Bat||$9,619|
|1934-1943 Hank Greenberg Game-Used Bat||$8,744|
|1961-1964 Sandy Koufax Game-Used/Autographed Bat||$28,114|
|1965-1968 Mickey Mantle Game-Used Bat||$13,112|
|1998 Mark McGwire Game-Used Bat||$7,760|
|1999 Mark McGwire Game-Used Bat||$4,710|
|1934-1943 Mel Ott Game-Used Bat||$19,860|
|1921-1931 Tris Speaker Game-Used Bat||$10,835|
|1920 Babe Ruth Signed Display Photograph||$103,268|
|1903 Christy Mathewson Contract||$27,119|
|PSA 7 1933 Goudey Napoleon Lajoie||$36,980|
|PSA 8 1948 Leaf Babe Ruth||$9,030|
|PSA 8 1952 Topps Willie Mays||$9,619|
|1953 Bowman Near Set (152 PSA cards)||$71,349|
|PSA 8 1954 Bowman Ted Williams||$11,207|
|1960 Sandy Koufax Game-Used Jersey||$35,196|
|1981 Cal Ripken Game-Used Rookie Jersey||$26,435|
|1968 Nolan Ryan Game-Used/Autographed Jersey||$32,816|
|1969 Tom Seaver Game-Used Jersey||$32,816|
|1957 Roberto (Momen) Clemente Game-Used Bat||$14,424|
|1950-60 Harmon Killebrew Game-Used/Autographed Bat||$6,898|
|1950-60 Willie Mays Game-Used/Autographed Bat||$11,641|
|1951-1957 Stan Musial Game-Used/Autographed Bat||$8,733|
|1934-1943 Joe DiMaggio Game-Used Bat||$27,119|
|1934 Lou Gehrig Goudey Advertising Poster||$49,223|
|1921-1931 Lou Gehrig Game-Used Bat||$49,223|
|Babe Ruth Signed Baseball||$48,048|
|1934 Goudey Uncut Sheet w/Lajoie||$127,436|
The one, major strength of the auction was the variety of items offered. There were high-grade PSA cards, vintage game-used bats and jerseys, rare autographs and unique display items throughout the vast catalogue. Lifson commented on the great selection. "There was something for just about everyone in this auction," said Lifson. "As far as cards were concerned, everything in a PSA holder did extremely well."
Another PSA graded card that received major attention was the 1863 "Grand Match at Hoboken" Benefit card featuring Harry Wright. Lifson told us that, of all the lots in the auction, he was most proud of this card's success. "It's very rare that something comes up for sale with a lot of age and significance to it that is completely new to the hobby," explained Lifson. "When it was originally found and purchased, no one knew exactly what the item was. Our research really helped unearth all the details and when we realized that this was indeed the first card ever produced, we knew it belonged in a PSA holder."
Predicting where this card would end up was another story according to Lifson. "It was obvious by the price realized for the card that collectors appreciated the piece and valued the rich history behind it," explained Lifson. "The collectors had to decide for themselves what this card was worth because there was no price history, but I think our research efforts helped inform the buyers of what they were bidding on."
Other noted PSA highlights included a 1915 Cracker Jack Joe Jackson graded PSA NM-MT 8. Lifson was very pleased with the interest on this lot. "I had no idea that this card would end up bringing in excess of $50,000," explained Lifson. "We had 10 different bidders on this one which was a surprise, but the card was extremely high-end."
In addition, Lifson noted that display pieces and autographs were strong across the board. In particular, a fine Ruth ball with exceptional history and a 1919 Chicago White Sox team ball received major bidding. "The Ruth example, which set a record in 1992, broke the current price record for a single signed baseball which was set just a few months ago, and we had another Ruth baseball that sold for almost $50,000," explained an ecstatic Lifson. "If we had 100 Ruth balls, they all would sell with no problem. The demand for Ruth signed items far exceeds the supply. The 1919 White Sox team ball is, in my opinion, the finest team ball on the planet in terms of difficulty and importance. The winning bidder of that ball now owns a spectacular piece with a lot of potential."
Lifson was most excited by the overall market strength at the end of the bidding. "The strength of the market is stronger than the actual prices realized because the interest is way up," said Lifson. "Collectors are becoming more sophisticated, they are learning more and becoming more appreciative of the best material. It's a natural progression. Collectors start to realize that the best quality is where the greatest appreciation is."
Robert Edward Auctions is slated to run another high-profile auction in early 2001. They are currently taking consignments for that auction. We will keep you posted when the auction arrives. Until then, save your pennies!