Another Mickey Mantle Card Is Up For Auction, Attracting Hype

A PSA 8 Topps 1952 Mickey Mantle card is being sold on Heritage Auctions and another one is receiving a buyout offer on Collectable, adding more interest to the category of vintage Mantle cards.

Another Mickey Mantle Card Is Up For Auction, Attracting Hype

Certain sports cards have a built-in legendary status due to their historical relevance to the card industry. Rare Mickey Mantle baseball cards fall into that category. A PSA 8 1952 Topps Mickey Mantle baseball card is coming up for auction with Heritage Auctions, the first ‘52 Mantle to be presented for auction since the SGC 9.5 sold for $12.6 Million two months ago. Before that the highest price paid for a baseball card was for a 1909 T-206 Honus Wagner which was auctioned for $7.25 Million. A couple of weeks ago we also reported on the sale of a PSA 1.5 Grade T206 Honus Wagner baseball card that made history when it sold for $3.72 Million.

Mickey Mantle, who died in 1995, was a Triple Crown winner, a three-time American League MVP and a seven-time World Series champion. His cards are highly valued on the market and the PSA 8 Topps 1952 Mantle is one of 35 that have an 8 rating from PSA with only 14 other cards rated above that.

The card is already gracing the cover of the Heritage Auctions Fall Sports Catalog and is expected to fetch a handsome price at the three session auction scheduled to take place on November 17-19. Vintage sports cards have historically done very well considering their rarity and the overall interest in sports cards.

In related news, we’ve just learned that Collectable, the fractional shares platform, has received a buyout offer of $1.4 Million for a copy of the PSA 8 1952 Topps Mickey Mantle that’s been trading on their platform. It seems the ‘52 going on auction with Heritage Auctions whose bidding has been set to start at $1.1 Million has triggered the response on this latest card. If the shareholders accept this buyout offer they stand to make a 139% profit since the card is now trading at $24 per share. Trading has been halted while Collectable is waiting for the shareholders to decide on whether they accept this buyout offer.

Should Collectable accept the current offer they stand to return approximately $26.62 net per share inclusive of their equity interests and broker fees. That is already 166.2% net return over the IPO price which works out to an 11.19% premium over the last trade on their secondary market, where the last listing was $23.94 per share. Of course refusing the initial offer could lead to a higher offer being made, whichever way this goes, both the shareholders and Collectibles stand to make some serious money on this card. The Topps 1952 Mickey Mantle card still holds the record of the most expensive baseball card ever sold. So anytime there is a new Mantle card up for auction, people will inevitably get excited.