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Reload this Page T206 Wagner PSA 2 sold for $1.2M
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  #1  
Old 05-29-2019, 09:11 AM
MHCC MHCC is offline
Brian Dr.ent
 
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Default Mile High Card Co to auction T206 Wagner
It has come to my attention that this card has reached that national media. I'd like to inform the collecting community that we have acquired this T206 Honus Wagner PSA 2 as well as the 1909-11 T206 Ty Cobb/ Ty Cobb Reverse PSA 4.5 from the Lucky 7 find and each of the cards will be featured in my October 2019 auction and will be on display at the National in Chicago at the Mile High Card Co. booth. We will be issuing a Press Release concerning this next week
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  #2  
Old 05-29-2019, 09:32 AM
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Jeffrey Lichtman
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Quote:
Originally Posted by MHCC View Post
It has come to my attention that this card has reached that national media. I'd like to inform the collecting community that we have acquired this T206 Honus Wagner PSA 2 as well as the 1909-11 T206 Ty Cobb/ Ty Cobb Reverse PSA 4.5 from the Lucky 7 find and each of the cards will be featured in my October 2019 auction and will be on display at the National in Chicago at the Mile High Card Co. booth. We will be issuing a Press Release concerning this next week
Perfect timing!
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  #3  
Old 05-29-2019, 09:45 AM
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Quote:
Originally Posted by MHCC View Post
It has come to my attention that this card has reached that national media. I'd like to inform the collecting community that we have acquired this T206 Honus Wagner PSA 2 as well as the 1909-11 T206 Ty Cobb/ Ty Cobb Reverse PSA 4.5 from the Lucky 7 find and each of the cards will be featured in my October 2019 auction and will be on display at the National in Chicago at the Mile High Card Co. booth. We will be issuing a Press Release concerning this next week

Why would you (or someone else) buy the Wagner outright for that much, just to turn around and immediately put it up for auction?

That just seems to be an awfully dangerous and risky move.

Steve
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Last edited by Steve D; 05-29-2019 at 09:52 AM. Reason: Because Leon has a valid (if technical) point ;)
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  #4  
Old 05-29-2019, 09:48 AM
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I won't speak for Brian (hey Brian) but he didn't say he bought it. I think it was consigned.

Quote:
Originally Posted by Steve D View Post
Why would you buy the Wagner outright for that much, just to turn around and immediately put it up for auction?

That just seems to be an awfully dangerous and risky move.

Steve
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Last edited by Leon; 05-29-2019 at 09:48 AM.
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  #5  
Old 05-29-2019, 09:49 AM
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Quote:
Originally Posted by Steve D View Post
Why would you buy the Wagner outright for that much, just to turn around and immediately put it up for auction?

That just seems to be an awfully dangerous and risky move.

Steve
It's certainly great publicity for the auction.
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  #6  
Old 05-29-2019, 10:02 AM
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The cards were consigned to the auction, we did not purchase the two cards.
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  #7  
Old 05-29-2019, 09:29 PM
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I'm suspecting there will be a $1.2M reserve on it.
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  #8  
Old 05-30-2019, 12:38 AM
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Interesting that someone would pay over 50% above the last sale and then immediately consign it to an auction where a 20% buyers premium is tacked on and expect to make money. With all due respect to a Brian, it also seems strange that if one was taking such a big risk that they would not consign the card to either Heritage or REA where the catalogs would reach the most potential bidders..
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  #9  
Old 05-30-2019, 04:46 AM
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Well, maybe it's the summer of 2016 again. Or maybe the owner didn't plan on doing that, but got frightened by the ongoing PSA scandal and decided to cut his losses.
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  #10  
Old 05-30-2019, 07:53 AM
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Quote:
Originally Posted by oldjudge View Post
Interesting that someone would pay over 50% above the last sale and then immediately consign it to an auction where a 20% buyers premium is tacked on and expect to make money. With all due respect to a Brian, it also seems strange that if one was taking such a big risk that they would not consign the card to either Heritage or REA where the catalogs would reach the most potential bidders..
As Jeff alluded to, also interesting that the story comes out one day and the next day Mile High posts that it will be for sale in its auction.
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  #11  
Old 05-30-2019, 10:44 AM
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Quote:
Originally Posted by oldjudge View Post
Interesting that someone would pay over 50% above the last sale and then immediately consign it to an auction where a 20% buyers premium is tacked on and expect to make money.
This was my first thought as well.
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  #12  
Old 06-26-2019, 09:03 AM
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Quote:
Originally Posted by oldjudge View Post
Interesting that someone would pay over 50% above the last sale and then immediately consign it to an auction where a 20% buyers premium is tacked on and expect to make money. With all due respect to a Brian, it also seems strange that if one was taking such a big risk that they would not consign the card to either Heritage or REA where the catalogs would reach the most potential bidders..
I'm 99 percent sure the consignor will recieve a rebate back on the buyers premium. For a high dollar card like this, 12-15 percent would be my guess. Plus, a reserve around 850-1m wouodn't be to shocking to see. Do, you really think the card was bought for 1.2m? I say no.

If the card sells, the chance the new owner even knows about this board or any board is slim because its a social statis card and appeals to other people with deep pockets who we wouodn't classify as a collector.
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  #13  
Old 06-24-2019, 08:58 PM
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Quote:
Originally Posted by MHCC View Post
The cards were consigned to the auction, we did not purchase the two cards.
Paging Mr. Drent. Can you cancel all of your Moser submissions in this auction?
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  #14  
Old 06-25-2019, 09:57 AM
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$1.2M seems pretty ho hum to me in an age of Tom Brady and Mike Trout cards going for $400k. It would be interesting to see Wagner prices charted with other 6+ figure cards as well as inflation. I feel like $1M buys so laughably little now compared to even 20 years ago. This Wagner sale seems like one of the best values in the hobby right now.
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  #15  
Old 06-25-2019, 10:12 AM
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I'm looking forward to seeing what these assets will sell for
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