A newly discovered T206 Wagner ends in auction later today..

G $MONEY$ · Nov 4, 2010

Pretty interesting story about the cards history here....

http://sports.espn.go.com/mlb/news/story?id=5732365

Here is the Heritage auction that ends in 16 hours (as of 4AM Mountain time). Bidding with buyers premium is already over $260K :shock:

http://sports.ha.com/common/view_item.p ... t_No=80079

serving4theking · Nov 4, 2010

And going to fund good stuff to boot! Nicely done little nuns.

MOFNY · Nov 4, 2010

Ah a beautiful card and story.

200lbhockeyplayer · Nov 4, 2010

That card is just a classic example of a "key card." Sure, it's shellacked and trimmed but it says a lot about the demand with such a brutal example at that price range.

nosterbor · Nov 4, 2010

a $42,900 Buyer's Premium?

G $MONEY$ · Nov 4, 2010

nosterbor said:
a $42,900 Buyer's Premium?

looks like they are in the right business :lol:

Zan · Nov 4, 2010

I held this card. Pretty incredible.

mlbfan10 · Nov 4, 2010

What does buyer's premium mean?

A_Pharis · Nov 4, 2010

mlbfan10 said:
What does buyer's premium mean?

It's what you pay on top of your final bid. Take, for instance, that you bid on and win something for $100 with a 20% buyer's premium. You actually are going to be paying $120 + shipping.

200lbhockeyplayer · Nov 4, 2010

mlbfan10 said:
What does buyer's premium mean?

It's the sell fee charged to the buyer by the auction house to cover costs...but mostly to make them money.

Most auction houses make money on both ends of the deal.
1. A commission percentage that is taken off of the sell price (money that the owner/seller doesn't get - EG. eBay seller fees)
2. A buyer's premium that is a dollar figure on top of the sell price.

If an auction house has a 25% buyer's premium and a 25% commission on sales a $100 sell price would break down like so...

Final sell price: $100
Owner of item receives: $75
Buyer amount due: $125
Auction house net: $50

This way the auction house would make 50% of the total sell price...getting 25% from each side.

RiceLynnEvans75 · Nov 4, 2010

Overall great story and an excellent card no matter the condition.

G $MONEY$ · Nov 5, 2010

Card ended for $262, 000 with buyers premium. That was the same price the card was at with 16 hours to go. I was really thinking that there was gonna be a couple more bidders coming in at the end to push the card over $300K

fkw · Nov 5, 2010

someone paid over 2X too much on it, but it was for a good cause (and thats the reason).

I remember Zans post on seeing/holding the card at SGC..... that seemed so long ago.

This board (w/ Zans post) had the earliest info on it well before all the bigboys knew of it....... Very cool

Now if anyone can help me add to my 29 T206 Wagner's I have on my page, that would be very cool too, aloha

http://centuryoldcards.com/1909t206wagners.html

tonsofcommons · Nov 5, 2010

fkw- Very cool website!

Zan · Nov 5, 2010

fkw said:
someone paid over 2X too much on it, but it was for a good cause (and thats the reason).

I remember Zans post on seeing/holding the card at SGC..... that seemed so long ago.

This board (w/ Zans post) had the earliest info on it well before all the bigboys knew of it....... Very cool

Now if anyone can help me add to my 29 T206 Wagner's I have on my page, that would be very cool too, aloha

http://centuryoldcards.com/1909t206wagners.html

G $MONEY$ · Nov 5, 2010

I didn't realize this was the same one that Zan had seen at SGC. Very cool Zan

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