For the first time in nearly a year, a T206 Honus Wagner card is coming to auction. Mile High Card Company says it will offer card collecting’s ‘holy grail’ in its September catalog.
Graded Authentic by PSA, it’s the first Wagner to reach the market since Goldin sold a PSA 1.5 example for $3.7 million in October 2022. That transaction marked the end of a flurry of Wagner sales during a scorching hot period of interest in sports collectibles. There were nine Wagner sales over a three-year period, with each selling for at least $1.1 million. Five of those came through Mile High, including the $3.06 million paid for the “All-Star Café” PSA 1 copy sold in March of last year.
“As the bellwether of the card collecting world, the sale of a T206 Wagner is an event that serves to mark the state of our industry, and no one has a better track record of success over the last few years than Mile High Card Company,” touted CEO and President Brian Drent.
The Wagner card he’ll be offering is the same one sold through SCP Auctions for just over $1.1 million in October 2021. The card was branded Authentic/Restored by PSA primarily because of some creases that were were touched up in the background of the card, which is otherwise completely original, including the Sweet Caporal cigarettes advertising back.
In addition to the All-Star Cafe Wagner once owned by actor and baseball fan Charlie Sheen, MHCC brokered the private sale of a PSA 3 graded Wagner for $3.25M in October 2020, the 2nd highest price paid for any sports card at the time.
The T206 Wagner market has had a decided uptick since, with an SGC 3 selling for $6.6 million through Robert Edward Auctions in October 2021. As late as December 2018, Authentic copies were selling for less than $500,000.
Last year, an SGC 2 is said to have changed hands privately through Goldin at $7.25 million, making it one of the five highest priced sports collectibles ever sold in addition to being a record for a T206 Wagner.
The record auction price for a PSA Authentic copy is just over $1.5 million set in April of 2022.