Sports Collectors Daily

6,000 Bids in 24 Hours for REA Auction

The final quarter of 2016 is underway and if the opening weekend of one auction is any indication, the market for high-end vintage baseball cards is still on fire.

In the first 24 hours of Robert Edward Auctions’ fall catalog, more than 6,000 bids totaling over $2.6 million were placed.

The auction still has three weeks to go.

Three lots quickly eclipsed six figures on the first day, including a T206 Ty Cobb with Ty Cobb back from the “Lucky 7 Find,” which had shot up to $120,000 by Sunday afternoon including the 20% buyer’s premium.

A 1951 Bowman Mantle rookie card graded PSA 8 was also at $120,000, a sign that it may be headed for the $200,000 mark that two other examples realized at auction recently.  Another Mantle rookie, graded SGC NM/MT 88, was at $78,000 after the first 48 hours.

However, the card attracting the most attention has been a 1916 Babe Ruth rookie card graded SGC 40.  One of the hottest cards on the market, the Ruth card was already sitting at $168,000.

High-grade rookie cards from all sports garnered a lot of attention on the first day with many of the classics from baseball, football, and basketball in PSA 8 or higher condition generating the most bids for individual items within the entire auction.

The auction ends Sunday, October 30.