REA's February Auction Sets New Records with Vintage Sports Card Sales

• Posted: February 19, 2024, 3:12 pm
• in Sports Card News
• by bionic

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A PSA 5 M116 Sporting Life Honus Wagner card sold for $75,000 at Robert Edward Auctions, leading a successful auction that saw over $1.2 million in sales from vintage cards and memorabilia.

Robert Edward Auctions (REA) recently concluded its February auction, achieving notable success with sales exceeding $1.2 million. The auction was highlighted by the sale of a PSA 5 graded M116 Sporting Life Honus Wagner card for $75,000, setting a new record for its version and demonstrating the high demand for rare vintage sports cards.

The auction also featured a Ty Cobb Blue Background card from the same M116 Sporting Life series, which, graded PSA GOOD 2, broke the record for its condition with a $15,000 sale. The auction attracted a significant number of registry builders and collectors, particularly with the offering of ten Mint 9 graded cards from the 196 Topps set. Among these, a #2 Roman Mejias PSA MINT 9 card achieved an auction high of $19,200, the highest price for a non-Hall of Famer from this set in its grade.

With a total of 2,732 items up for auction, REA showcased a diverse range of collectibles, including other top sellers such as a 1909-1911 T206 White Border Ty Cobb Portrait Red Background PSA VG-EX 4 for $21,000, a 1934 R320 Goudey #37 Lou Gehrig PSA EX-MT 6 for $18,000, and a 1986-1987 Fleer Basketball PSA NM-MT 8 Complete Set for $12,000, among others.

Brian Dwyer, President of REA, reflected positively on the auction's wide-ranging appeal and the enthusiastic participation from the collector community. He also teased upcoming attractions for REA's March and Spring Auctions, indicating a vibrant future for the hobby.

This recent auction by REA not only underscores the enduring popularity and value of vintage sports cards and memorabilia but also sets the stage for future events, promising exciting opportunities for collectors and enthusiasts alike. With the next Encore event scheduled for March 14-24 and the Spring Catalog Auction commencing on April 5, REA continues to be a leading platform for the sports collectibles market.