T206 "Jumbo" Wagner Going to Auction in February

[Matt]

My guess is the auction house begged the consignor to do this as a favor to raise the profile of the auction and as Jay said, the reserve will be so high it won't sell.

[Jlighter]

Why would someone who could afford this card bid in this auction, if the reserve is in fact too high? Someone who cold afford this card, I would imagine is very busy. I don't think we can gauge value from this auction, just a low estimate.

[Leon]

Originally Posted by Matt

My guess is the auction house begged the consignor to do this as a favor to raise the profile of the auction and as Jay said, the reserve will be so high it won't sell.

Unless ya'll know something the auctioneer doesn't there hasn't been a decision made concerning if there will be a reserve or not. I will guess that the card starts at about a third (around 500k) of it's probable value and won't have a reserve. There wasn't a decision made as of yesterday and mine is only a guess. There won't need to be a final decision on a reserve until game day. My guess is also that, depending on what rattles around the hobby, concerning the card until auction time, might be a deciding factor on a reserve too.

Edited to add, with some more thought and a few conversations my guess for the card will be about 2mil to 2.5 mil.....

[Matt]

Nah - as I said, just a guess. It would be a smart thing to do for a new auction house to try and establish themselves as a big player.

[drc]

I don't know that it will have a reserve and I don't think there's anything wrong with it having a reserve, but do think it can be bad for an auction house's reputation to have too many big ticket items that don't meet reserve.

I'm not criticizing Goldin Auctions in this matter. Their first auction seemed to go well and had lots of high end stuff. And I can understand how an auction house would like to get a Wagner in its auction in any way it can.

[TCMA]

Any information out there on who currently owns this card?

[Centauri]

The stock market has been flying since this card was purchased in 2008. The guys that can afford this kind of thing have a lot more wealth available. And good returns are hard to find. The Mastro confession came out since 2008 as well, so now this is the legit #1 card in the hobby.

The card will go north of double the 2008 price.

[TCMA]

Originally Posted by Centauri

The stock market has been flying since this card was purchased in 2008. The guys that can afford this kind of thing have a lot more wealth available. And good returns are hard to find. The Mastro confession came out since 2008 as well, so now this is the legit #1 card in the hobby.

The card will go north of double the 2008 price.

My father purchased this card in 1974 for $1,500 from a woman in VT. He then sold it in 1984 for $23,000.

I have a letter from the woman, written to my father, explaining how this card (and others) belonged to her late father and she was looking to sell them. To me, it's likely the most interesting thing currently in my/my father's collection.