Investing

1952 Topps Mickey Mantle May Set Record for Most Expensive Baseball Card of All Time

Here are some other past auction results for reference in high-end PSA graded cards of the 1952 Topps Mickey Mantle card via VintageCardPrices.com (amounts do not automatically include buyer premiums, auction fees and sales tax):

  • In 2014, a PSA 8 Mantle sold in an SCP Auctions lot with a listed sale price of $268,664.00.
  • In 2013, Robert Edwards Auctions had a PSA 8.5 Mantle sold for $272,550.
  • In 2006, a PSA 9 sample of the Mantle sold for $282,588 in a Memory Lane auction.

Back in 2001 (some 14 years ago), a PSA graded “Gem Mint 10” by PSA was sold for a record-breaking sale at the time of $275,000. It is hard to imagine what a Perfect Gem Mint PSA 10 would sell for today.

The highest SGC graded (88/100) auction price was $274,850 in a Heritage auction in February of 2016.

This Heritage auction may attract investors as much or more as it may true collectors. Even back in 2015, 24/7 Wall St. communicated with Brent Huigens of PWCC Auctions in Lake Oswego, Oregon. He said of an auction for a 1952 Topps Mantle at that time:

The 1952 Topps Mickey Mantle is arguably the most recognized sports card in the world. It now transcends the hobby from which it sprouted to represent this nation’s most iconic sport during its golden age, and thereby signifies a true piece of Americana. What was once a pure collectible is now a valid portfolio diversification which rivals the historical performance of virtually any other investment tool available.

Heritage’s spring Sports Card Auction will be open for bidding and is set to close in an extended bidding format April 19 and 20 at 10:00 PM CT. What will make this ultra-high-end auction unique is that Heritage is allowing the winner to pay with cryptocurrency:

Along with standard payment methods, we will be accepting cryptocurrency for this lot at the request of our consignor. The following cryptocurrencies will be accepted at their spot value at the time of payment: BTC, ETH, XRP, BCH, LTC, NEO, DASH, IOTA, & EOS. Others may be accepted if arranged before the closing date.

As of mid-day on April 3, 2018, there have already been 14 bids, 276 trackings and 16,470 different pageviews of the auction lot. That’s with 16 days to go.

In a last effort to show just how high collecting has gone toward investing, Heritage noted in a record-breaking 1952 Topps Willie Mays auction back in 2016 that investors have become increasingly involved in sports cards and memorabilia in recent years. That may not mean that investors all make money on their purchases, but it is not just people who grew up loving baseball cards and memorabilia driving up prices for the rarest and highest-graded collectibles. Heritage said at that time:

For each joyous consignor that has enjoyed beneficiary status of the 1952 Topps Mantle bull market, we’ve heard a dozen laments from those who missed an earlier opportunity to invest. We suspect this lot will be very attractive to collectors hoping to make up for past mistakes.