Wagner Sells Again.
2dueces
Posts: 6,585 ✭✭✭✭✭
$2.8M 6 months later. Nice little $450K profit.
W.C.Fields
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
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"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
I can't even believe a PSA Wagner exists. Talk about the ultimate card.
How often do you see ANY PSA 8 T-206 cards, much less a Wagner PSA 8?
Amazing.
I remember when Gretzky bought it back in the day. I was freaking out about how much he paid for it. hahaha
<< <i>$2.8M 6 months later. Nice little $450K profit. >>
Wouldn't auction house commissions cut into that profit?
Loves me some shiny!
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
<< <i>Everything about that card....stinks. >>
agreed
<< <i>I wonder why the the last two sales have been private ones, and not in an auction. >>
Read this book and you'll have your answer:
The Card: Collectors, Con Men, and the True Story of History's Most Desired Baseball Card (Hardcover)
by Michael O'Keeffe (Author), Teri Thompson (Author)
EDIT: Whats your beef with the Wagner card? Its great PR for the hobby.
My Sandberg topps basic set
My Sandberg Topps Master set
<< <i>Everything about that card....stinks. >>
love the corners -- nice and sharp -- not wavy at all!
That was my point about the private sales. No eye rolling emoticon available though!
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
this statement could not be more accurate!
do you think scp will continue to retain their "minority" share each time they sell it...?
<< <i>I question the authenticity of the story. Anyone who would want the card bad enough to pay $2.8 million would have just purchased it for $2.4 million when it sold earlier this year. Or at the very least would not have paid alomst a half mil more for it now. If by some chance it is true though, that card is a legendary money maker. Every seller has made a killer profit. >>
Agreed
I would have offered at least $3m for it.
How about buying shares of "Wagner" stock for anybody that wants to own apiece of it? Could we get "GARY" to start up this with $500 stock options for 6,000 CU members? We could all share days with it> (just like the Stanley Cup).
Go Phillies
<< <i>I wonder why the the last two sales have been private ones, and not in an auction. >>
Anthony -- where does your pity lie, though? I can't get too sympathetic about any buyer who chooses to spend nearly $3MM on a single baseball card without a) doing due diligence, or b) having done due diligence, not caring what the outcome/result is.
~m
Since the card was showcased at the National this year, PSA knows who owned it.
More than one of the prior owners basically had a financial arrangement with PSA whereby the individual actually owned the card, but PSA was responsible for storing/insuring it. The advantage to PSA was that it was available for showcasing at certain publicity events over the years....the disadvantage should be somewhat obvious.
Much akin to why many advanced art collectors will "donate" their masterpieces to a museum for a 99-year period of time, in exchange for insurance on the work of art.