Honus- Second to NUN

Nuns sell Honus Wagner card for $262,000




AP – FILE - This undated photo provided by Heritage Auctions shows a rare century-old T206 Honus Wagner baseball
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Slideshow:Rare Honus Wagner Baseball Card
By BEN NUCKOLS, Associated Press – 47 mins ago

BALTIMORE – A rare Honus Wagner baseball card that was bequeathed to an order of Roman Catholic nuns has sold at auction for $262,000.
The Baltimore-based School Sisters of Notre Dame put the card up for sale after inheriting it from the brother of a deceased nun. The sale price exceeded the expectations of auctioneers at Dallas-based Heritage Auction Galleries.
The nuns will receive $220,000 from the sale. The total sale price includes a 19.5 percent buyer's premium. Sister Virginia Muller, who was entrusted with the card, says the proceeds will go to the order's ministries in more than 30 countries around the world.
Collector and card shop owner Doug Walton bought the card.

About 60 of the T206 Honus Wagner cards, produced between 1909 and 1911, are known to exist.

[oldjudge]

The card shop business must be good.

[M's_Fan]

I can only say that for some, the auction shop business is VERY good ($42k commission to Heritage).

[autograf]

It appears his card shop business is better than his judgement......though I guess 85% of a Wagner is better than my 0%...........

[doug.goodman]

Heritage should give their commission to the nuns.

Doug

[kylebicking]

I'm with Doug. I was shocked that Heritage took a commission on that item. They got more than enough with the premium and the free PR.

-Kyle

[thekingofclout]

Originally Posted by oldjudge

The card shop business must be good.

My thoughts exactly!

[GaryPassamonte]

In all fairness, the $42,900 was a buyer's premium and not a seller's fee. Still a nice day's work.

[ebrehm]

Actually the buyer's premium is part of the sales commission. It is a portion of the total sales price (hammer + BP) that is retained by the seller.

[Leon]

Originally Posted by ebrehm

Actually the buyer's premium is part of the sales commission. It is a portion of the total sales price (hammer + BP) that is retained by the seller.

If you are speaking of the venue that is selling the card as "retained by the seller" then that is correct. Most times the BP is retained by the person or company that is doing the actual selling, not the consignor. Not sure if that is what you meant. regards