T206 Wagner PSA 2 sold for $1.2M

[oldjudge]

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..

[swarmee]

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.

[Peter_Spaeth]

Originally Posted by swarmee

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.

If that card is altered, it's all over.

[Peter_Spaeth]

Originally Posted by oldjudge

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.

[jchcollins]

How is that card a 2? Eye-appeal being decent for the rest I will agree - those corners are destroyed. I think that's an A or 1 at most.

[swarmee]

Graded at least 10 years ago, and it got the Honus Bonus half grade bump....

[benjulmag]

Originally Posted by jchcollins

How is that card a 2? Eye-appeal being decent for the rest I will agree - those corners are destroyed. I think that's an A or 1 at most.

I agree the corners are very bad, but the overall registration and appearance of the player image on the card (which to me is the most important aspect) seems a lot better than most of the 1's I have seen. Part of the problem are the descriptions given to the numerical grades. Once you get to a 6, ex-mt, which if properly graded is a very nice looking card, especially for pre-war, a with half grades included there are 7 additional categories. In contrast, once you go below a "2", which is "good", there are only two additional numerical categories to go all the way down to complete trash.

[jchcollins]

Originally Posted by benjulmag

I agree the corners are very bad, but the overall registration and appearance of the player image on the card (which to me is the most important aspect) seems a lot better than most of the 1's I have seen. Part of the problem are the descriptions given to the numerical grades. Once you get to a 6, ex-mt, which if properly graded is a very nice looking card, especially for pre-war, a with half grades included there are 7 additional categories. In contrast, once you go below a "2", which is "good", there are only two additional numerical categories to go all the way down to complete trash.

Why grading will always be subjective. Buy the card, not the grade. Especially if it's a T206 Wagner, lol.

[benjulmag]

Originally Posted by jchcollins

Why grading will always be subjective. Buy the card, not the grade. Especially if it's a T206 Wagner, lol.

Truer words have never been said.

[Sean]

Originally Posted by oldjudge

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.

[calvindog]

Maybe it didn’t sell for $1.2 million. Wouldn’t that make more sense?

[Leon]

Yes.

Originally Posted by calvindog

Maybe it didn’t sell for $1.2 million. Wouldn’t that make more sense?

[Peter_Spaeth]

Originally Posted by calvindog

Maybe it didn’t sell for $1.2 million. Wouldn’t that make more sense?

Early on in the hobby, pre-internet days, when I was telling a dealer friend some prices realized by an AH made no sense, he pointed out that anyone can report any price they like.

[oldjudge]

Is it a crime to report a baseball card transaction which never took place? I know in the natural gas industry guys have gone to jail for 5+ years for reporting sales that never took place.

[oldjudge]

Steve-I can't find the article you posted, but the articles I did find had Koehler discussing the card, but not explicitly saying that he had brokered the deal. Do you have one stating that Kohler was involved in the transaction?

[Steve D]

Originally Posted by oldjudge

Steve-I can't find the article you posted, but the articles I did find had Koehler discussing the card, but not explicitly saying that he had brokered the deal. Do you have one stating that Kohler was involved in the transaction?

Here's the article by Rich Mueller:

https://www.sportscollectorsdaily.co...r-1-2-million/

Quote: "The PSA 2 (Good) example sold privately this week for $1.2 million, according to SCP Auctions, which brokered the transaction."

Here's the article on TMZ:

https://www.tmz.com/2019/05/29/honus...llion-dollars/

Quote: "The private sale was brokered by SCP Auctions in SoCal."

Additionally, every website carrying the story quotes David Kohler of SCP Auctions. Why would he be quoted about it, and why would he even know which PSA 2 Wagner was involved, if he isn't involved in the sale, and the person releasing the information?

Steve

[calvindog]

Originally Posted by oldjudge

Is it a crime to report a baseball card transaction which never took place? I know in the natural gas industry guys have gone to jail for 5+ years for reporting sales that never took place.

Yes, it can be a crime.

[Peter_Spaeth]

Originally Posted by calvindog

Yes, it can be a crime.

RICO?

[BeanTown]

Originally Posted by oldjudge

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.