I don't think the final selling price will influence the average collector's spending habits. Will it move the needle on some Wagner issues...possible but I did not really see much ripple effect on the previous Wagner sales that took place earlier this year. I do think it gives elite collectors more confidence in the market but not sure the impact is the same on the rest.

$11.5 MM is my guess.

Given it's phenomenal (for age) and unaltered condition, this is like/better than the 3 PSA 10 52T Mantle. Since the PSA 9 doubled to $5MM+ in the last sale, and PSA 10s would sell for $20 MM+, which could scale to be the first $100 MM card, I think a high net worth pro athlete, actor, or domestic/international investor would easily be willing/able to double the recent PSA 9 52T Mantle price, and foresee this Wagner racing the 52T Mantle to be the 1st $20 MM+ card.

Hi

I think all the big time purchases do have a trickle down effect. What happens is these big purchases

1. Creates excitement and buzz and creates News and publicity about the card collecting industry
2. Demand for cards increases at all price levels
3. As Supply declines because of both new collectors making purchases as well as when the high end supplies dry up the next level of cards becomes the supply that is available for purchase so people scramble for those thus increasing the value
4. More people are purchasing cards as long term investments so also taking cards off the market (just as collectors who had cards for a while are selling to make a profit) now these cards are bought and removed from the market place with new collectors/investors

Every Market Spike in Collections we have seen over the years had a market correction to a small degree but always higher then the start of the spike and then with time restarted to go up again.

It sounds good but I disagree, I think these elite cards are their own thing and I've seen no evidence of any significant trickle down when big prices are reported for rare/elite cards.

You are certainly entitled to your opinion and reasoning but, personally, I have not seen 2-4 on your list when a card like this Wagner is sold. Memory Lane just sold several elite cards that made headlines everywhere. I saw no jump in prices, etc as you have described. The excitement, imo, is limited to the excitement of collectors who can buy dozens of 50K plus cards or even as many 1 million dollar cards as they want. Prices and demand on those cards rise but not the rest of the market.

Perhaps you are right and I am not disputing that. However, every Ruth Card (even not his rarest or most famous) all seem to have jump in price during this spike in sales.
All the Joe Jacksons cards have also jumped dramatically.
Regardless of the grade of Ruth or Jackson and regardless of the Card they all are going for alot more then normal.

My money's on the over at $6 million.

Ruth cards have been very hot for over a year now...over and above their usual popularity. Honestly have not followed Jackson cards that closely. I was simply disputing that the market overall gets excited and prices rise over specific sales of elite cards. I think from the middle of last year until March sales of elite cards might have helped the market but the market was already flying. Since March prices overall have dropped on a huge portion of the market and elite sales have not impacted those drops from my pov.

Most people cannot afford to spend 100K on a card let alone spend 10K on a card more than once or twice . If those $100K+ cards are climbing so be it but it is not trickling down from what I am seeing. Not in the least.

I think the most one could say is that sometimes there is some very temporary FOMO from seeing big sales, never across the board though or in most sectors of what people buy. And if Ruth prices are up, I think that's explained by a genuine increase in demand, not by seeing a spike in one or two sales and a trickle down effect. I would argue it's the other way around, that the high sales are the result of increased demand in the first place.

Hi Peter and Chase

Thanks for your thoughts on this. Some interesting and diverse ways of looking at the market.
This is one of the great things about these threads and these Forums

either way I enjoy my Collection and seeing others collections and the chase in trying to get the cards we all want

Just looked at your collection...very nice. Much to envy there.

What stands out to me is that it looks like this Wagner is crease (and maybe even wrinkle) free, and wondering just how much people will pay up for such a rare chance to get their hands on a clean one. Especially at this point in the marketplace.

I'll guess 7.5 million, but wouldn't be surprised if it pushes 10

The card definitely has creasing to the right of Wagner's face. I agree with your pricing. I think it will break 7 million and I wouldn't be surprised if it breaks 10. This is the best card to hit the market since the 5MC Wagner. That card might break 20 million today.

I couldn't tell if it was just scratches to the right of his face (plus there's a fairly bad edge spot over in that area too). One the back it does look wrinkled in that area, but the card stock on the back of those comes off so wrinkly all over that I can't tell about that either.

The t206 experts here would have a much better idea.

Regardless, it's close enough to clean that yep, the sky might still be the limit

Thanks and appreciated.

Trying to grow it strategically

Its a Labor of Love

A very slow process

another T206 Wagner for Auction on SCP Auction
 

WOW

For a Rare card there are alot of T206 Wagners coming up for auction

I just received an email from SCP Auctions that their next auction will include a T206 Wagner PSA Authentic

More To come

What I am noticing drying up are the nice cards that people with ordinary incomes can afford - the $1.k benchmark investment up to $10.k Nice mid grade+ T206 HOFers are getting more scarce all the time. And the near-perfect centered cards (high end for the grade) of post-war HOFers are definitely drying up.

Seems like there are always big dollar cards available - Heritage, REA, Memory Lane, like wow ! They always seem to have a surprisingly impressive inventory of $10.k+ type cards.

The card has gone up 400% in the last year. People who are into the card at a much lower price are taking profits instead of having their insuance bill go up 400%.

I sold this for $25, I believe...
 

lol... Time to break out a poster I created a few years back...

There wasn't a frenzy around bidding on this for some reason... and it has REALLY sharp corners!

https://moonaliceposters.com/wp-cont...nMavroudis.jpg

Nice, lots of good memories at Slims and Bimbos365, I would have bid on that card.

Ha ha... Yeah. Slim's and Bimbos are fantastic places to see a show.
Bimbos especially feels like you're walking into the past.

Before pic
http://t206resource.com/Images/Wagner/17.jpg

"The card was branded Authentic/Restored by PSA primarily because of some creases that were touched up in the background of the card, which is otherwise completely original"

https://www.sportscollectorsdaily.co...d-t206-wagner/

https://cdn.sportscollectorsdaily.co...s-589x1024.jpg

I'm not sure the touched up creases are the main issue with that one.

Broke 4 million :eek:

(Restored)

Since when has PSA been slabbing with that statement ?

Not that I could ever afford one
But I actually do not like it "restored" to me that means altered and it also means it is not original anymore
I actually think the look of the card prior to the restoration has more character.
But I guess for the money that it will go for it is about the eye appeal

Wow.

$4Million plus Buyers Premium of $800K

already at $4.8 million

sooner than I thought in the auction time frame

19th bid placed, officially over $5M with BP ($5,046,954).

I agree, looked better before. Looks fake now.

Over 5M with 5 Days to Go.

Will be interesting it being this close if it will set a new record.

The Clock is ticking down

These prices for the Wagner are crazy! Here's a bit more history of the card.

I found this the other day in an old card album of mine from the 80's.

I hope you found this education valuable. There seems to be a lot of questions around the scarcity, but this pretty much answers them all :D

Bill

It's all but guaranteed. There are a ton of bidders and who knows when a Wagner in 3 or above will come to auction again?

You are right. Not only is it a Wagner but I relatively high grade Wagner with a nice look to it.
That plus the # of bidders and that the increments are I believe $200K per bid it will jump fast on that final day.
Like Sharks to a Feeding Frenzy

Bumped to $5.3M with the BP today. With 2 days to go, $6M+ seems inevitable.

6 million before extended bidding. There's a couple guys waiting in the weeds who don't want to push it any higher any earlier than they have to. They have to get their first bids in before extended starts

customers of yours? lol.

I wish!

Well it is now past $6 million ($5.1 mill plus $1 mill buyers premium)

And still has 2 days before extended bidding.

There could be a real feeding frenzy

The Race to the sky begins

$7.75 million is my over/under line

The increase in wealth and number of individuals that are considered super wealthy in just the US has skyrocketed over the past year. Personally I don't think previous sales figures offer any true insight into what this card will sell for. I'm going to say this card eventually sells for 12-15 million with bp and wouldn't be surprised to see the high end of the range.

I agree I think the sky is still the limit on this card today. It could sell for what it’s at right now around $6 million but in my opinion if I were a gambling man I would bet that this card sells for north of $10 million today.

The winner of this card will come forward and use the card as an advertising vehicle promoting their businesses.

I would be more interested to see what's the next modern card in line will break this record within weeks. (These modern cards transaction never need to be validated..... or no parties would disclose those big deals if they don't follow thru)

I am always hopefully whatever card set's the new price record/standard that it will be a vintage Card.

I do not like Modern Cards that are intentionally made with limited quantities or 1 of 1 or whatever to artificially create the limited supply to drive up the price

Someone just put in another bid 15 minutes before the start of extended bidding. I'm starting to believe that this could get to 8 figures, though my guess now is $8M with the BP.

$5.5M final bid.

Ended at $6.6 million including buyers premium.

Lower than I thought it would sell for
Think that is the new record

Considering a psa 3 sold for $3.25mm less than a year ago… I think $6.6mm is one hell of a result

Agreed, though this one looks nicer than the PSA 3 to me. The consignor is undoubtedly very happy with the result.

Technically no fight in extended period. A bit of disappointment in terms of hoping to see a bidding war. :D

Really wished it would go higher, $6.6M is easy to break.

You are right a disappointment would have been a little fun in an odd way to see it go up.

But Great ROI by the Consigner and wonder how long before the next Wagner pops up.

Seems every other auction recently one comes up

SCP has a PSA authentic (Restored) in their coming Fall auction.

Sent from my SM-G960U using Tapatalk

Wow. Makes it seem that they are not that rare anymore with them popping up this often.
Even though we know that it is these collectors cashing out at these Current High prices

Pretty solid final price. Like some of you, I thought there might be a small bidding war in extended time. That would have been fun.

I still think a nice BN Ruth could push eight figures

Some frequent departures from reality here.


May they win the lottery months before my cards go for sale.

ESPN posted an article about it today:

https://www.espn.com/mlb/story/_/id/...goat-always-be

Ryan, I agree with you. Should I be congratulating you re this new centerpiece to your incredible collection? :D

I had the over/under at $7.5 million, which is less than a lot of people here were thinking. With this being one of the nicer Wagners out there, it would seem that the buyer did pretty well, especially considering that, to my knowledge, the price of a Wagner has never gone down (which obviously doesn't mean that that trend will continue forever.)

If this had been graded by PSA instead of SGC, would it have gone for even more? Look at the difference between the 52 Topps Robinsons that were also in the REA auction. The PSA 8 went for more than double the SGC 8.

Ha. No Val, not me.

Jay, I can’t tell if your post is sarcastic, but the Wagner may have gone for more in a psa slab, although I doubt it- I think buyers of a t206 Wagner are buying the card not the slab

No, I wasn't being sarcastic. Given the difference in prices seen for PSA vs SGC, I am curious if people think a PSA slab would have made any difference in price for a Wagner. I doubt it would have been double like the Jackie, and I agree with you that buying a Wagner is probably more about the card, but I would think a PSA slab would have seen a higher price just because PSA usually seems to.

i do not believe it would make 1 bit of difference. I mean PSA did grade the gretzky wagner...their first ever graded card...and they got that one wrong?

True, but it hasn't seemed to hurt the price, at least not yet.

If the winner wanted to cross it over to PSA, it would only cost $10,000 and if you paid $6M for the card, that seems pretty trivial.

I don't imagine you'd want to get out the old pliers and crack it out yourself, so you'd have to just hope it crosses over directly to a PSA 3

Has anyone done any investigative work to determine which Wagners were cracked/crossed over and what the true population is?

Agreed about not wanting to crack that case.
No idea about any cross overs

T206 Honus Wagner Newspaper Article - 21 March 1931
 

(Clipped from - Courier-Post newspaper - Camden, New Jersey -
21 March 1931) - WAGNER LIKED HIS BASEBALL - If Honus Wagner were 30 years younger would he be able to get as much out of baseball as Babe Ruth does? Hans wasn't much, of a go-getter in that respect. Even 25 years ago he had opportunities to "cash in". Can you remember back to those days when cigarette manufacturers included in each pack of cigarettes a picture of either a famous actress or some sports star. - They offered a Pittsburgh newspaper man $10 to get the permission of Wagner, Hans didn't wish to see the newspaper man lose a chance to make an extra, ten, but he objected to selling his picture to further the sale of a cigarette. - So instead of permitting his picture to be used, he gave the newspaper man ten dollars out of his own pocket, and told him to forgot it. Had Honus been as good a business man as 90 per cent of the present day diamond stars, he wouldn't have needed any coaxing to "muscle in" on anything and everything that brought in a few shekels. Instead, he placed the game above a few paltry dollars.

smoking gun!

Still 20 years after the fact. That gun hadn't been smoking for a long time.

I don't think a PSA or SGC holder makes any difference when it comes to the Wagner though. With most other cards, yeah, generally the PSA will sell for more, but the Wagner is above that.

Interesting piece of history