A New Baseball Card Sales Record, Good News For The Market?

A PSA 1.5 Grade Honus Wagner baseball card has just sold for $3.72 Million at Goldin Auctions, a year and a half after the same card was sold for $2.28 Million

A New Baseball Card Sales Record, Good News For The Market?

A PSA 1.5 Grade T206 Honus Wagner baseball card just made history when it sold for $3.72 Million through Goldin Auctions last Sunday, October 9. This sale comes a year and half after the same card was sold through Heritage Auctions for $2.28 Million. It’s yet another case study of how vintage high-end baseball card values can continue to increase over time.

The highest amount ever paid for a Wagner card was $7.25 Million at a private sale in August of this year, which broke the previous record for an SGC 3 graded Honus Wagner card that sold for $6.6 Million through Robert Edward Auctions in 2021, three months after a PSA 2 was sold for $3.66 Million through Goldin. Honus Wagner cards are some of the rarest baseball cards ever and therefore highly valuable assets. There have been fourteen private and public sales of various Honus Wagner cards since 2020, with each successive sale increasing in price.

This latest card is believed to be one of 60 surviving Honus Wagner sport cards. This one features a highly visible vertical crease in the front and four brown spots on the corners at the back. Other highly valued items sold at this last auction include a PSA 10 1986-87 Fleer Michael Jordan card that sold for $180,000, a 1933 Goudey Babe Ruth SGC 7 that sold for $122,400, and a 1966 Topps Bobby Orr Rookie Card PSA 8.5 that sold for $122,400.

While the overall sports cards market goes through ups and downs, you tend to see the higher-end vintage cards continue to increase in price over time. There is no guarantee that this trend will continue, investing in the most expensive sports cards has proven to be a fairly safe bet over the last few years.