says it will go for $3M. Of course this is graded by PSA
The Wagner card up for auction now is the Jumbo Wagner, named for its margins, which are wider than those found on the typical T-206 Wagner (printing and cutting standards were not as uniform then as they would later become). The wide margins protected the face of the card, keeping it in excellent condition. The card was graded as a "5" on a 1-to-10 condition scale by Professional Sports Authenticators, the independent company that provides industry-standard grades for collectibles. The Gretzky T-206 is an "8," the highest quality Wagner card in existence, though with a caveat: it was cut from a sheet and never inserted in a tobacco pack, allowing its corners to remain extra sharp. There is only one other T-206 Wagner "5" in the world, and only one "4." The Jumbo Wagner is a rarity among rarities.
Bids for 'Holy Grail' of baseball cards hit $1.6 million
By Emily Jane Fox @CNNMoney April 3, 2013: 2:31 PM ET
The 1909 Honus Wagner baseball card is one of about 50 in existence, which is why collectors are clamoring for the T206 in good condition.
NEW YORK (CNNMoney)
With two days left, bidding for a trading card that the National Baseball Hall of Fame calls "the Holy Grail" has already reached $1.6 million.
The 1909 card of Pittsburgh Pirate shortstop Honus Wagner is being auctioned off by Goldin Auctions in West Berlin, New Jersey. Bidding started at $500,000 on Feb. 25.
The actual bidding is up to $1.47 million, but there is a 10% buyer's premium added to the price.
There's a whole lot of hullabaloo surrounding the T206 card, since there are only about 50 in existence. The card is in such short supply because Wagner made the American Tobacco Company recall it when he discovered it had made the card without his permission. He didn't want kids to buy cigarettes, the auction house said.
The card was released as Wagner was on his way to winning his seventh batting title and about to lead the Pirates to their first World Series win. It's garnered such a place in baseball history that it has its own plaque at the Hall of Fame in Cooperstown.
"If you collect art, you dream to own an original Picassoo or Van Gogh. If you collect fine cars, you would dream to one day own a 1957 Ferrarri 250 Testa Rosa," the auction house wrote. "In the world of sports memorabilia, it is the T206 Wagner."
This particular card is said to be worth even more because of its good condition. Professional Sports Authenticator graded the card an "Excellent 5" rating. Cards are graded between one and 10, and only three T206's have a 5 or above rating, according to Goldin Auctions....