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T206 Honus Wagner PSA 2 card sells for $600,000 Memory Lane auction

A T206 Honus Wagner card graded PSA 2 sold for $600,000 in the record-setting 'Holy Grail' Auction held by Memory Lane in May.

One of only several dozen surviving examples of the world’s most famous baseball card was sold when Memory Lane closed out its ‘Holy Grail’ Auction.

The $600,000 price fetched for a PSA 2 T206 Honus Wagner was just the beginning, though. When the final bids were entered in the early morning hours Sunday, May 7, the auction had generated more than $5.2 million, smashing the 18-year-old company’s all-time sales record by more than $2 million.

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The auction included the breakup of a virtually complete T206 set that, in addition to the Wagner, included the elusive Eddie Plank, a PSA 4, which sold for $76,800, while a Sherry “Magie” error card graded EX sold for $40,800.

The second highest price in the auction went to a 1952 Topps Mickey Mantle PSA 8, which sold for $462,000.

Late bidding action resulted in record prices for low pop, high-grade icons.

The only PSA 10 1948 Bowman Stan Musial rookie card, which last sold at auction for $129,851 in 2012, soared to $360,000. A ’48 Bowman Yogi Berra PSA 10 that sold for $33,582 back in 2006 rocketed to $192,000 in this auction.

One of just 11 PSA 9 1954 Bowman Mantle cards also saw a flurry of bids as the auction drew to a close, finally ending at a record $204,000, obliterating the old mark of $57,000 set in 2013.

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The hobby’s best graded example of the 1951 Toleteros Josh Gibson rookie card, a PSA 8, was also among the highlights, realizing $91,200.

In all, 13 lots in the auction sold for more than $50,000.

Other vintage cards generating strong prices included a PSA 9 1957 Topps Frank Robinson rookie that jumped to $48,000, a 1955 Topps Harmon Killebrew rookie that hit $38,976, a 1979 Topps Ozzie Smith graded PSA 10 that sold for $38,976, and a 1962 Topps Willie Mays graded PSA 9, off to a new home for $28,180.

The auction included the William Toppi Wax Pack Collection, which included dozens of vintage packs from every sport including a 1952 Topps baseball pack. Graded 8 by PSA, it sold for a $62,400. Other packs and boxes sold included:

1948 Bowman Basketball PSA 8 – $55,200

1955 Topps All-American Football (Otto Graham back) – $49,780

1956 Topps Baseball GAI 8 – $29,248

1958 Topps Baseball PSA 8 – $23,380

1972 Topps Baseball Third Series Box – $13,135

The auction included numerous highly sought after modern era cards as well including a 1993 Upper Deck SP Derek Jeter rookie that hit $54,576 and a 2003-04 Upper Deck Exquisite LeBron James rookie graded BVG 9, which climbed to $45,734.

The photo used for Lou Gehrig’s 1932 DeLong baseball card headlined the memorabilia items sold in the auction. The PSA Type 1 image sold for $23,935.

Auction of the Week

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Collect Auctions Summer Auction

Collect Auctions bidding ends August 6 and bidders can view each lot on our website at www.collectauctions.net. There are more than 1,000 lots of vintage sports cards and sets; what we believe is the strongest unopened lineup any auction house has ever offered. Bidding ends Thursday, August 6 at 9:00 p.m. CST (10:00 EST).