Thursday, September 6, 2007

Rare Honus Wagner T206 sold $2.8 million

The Mona Lisa of baseball cards, the mint and super rare 1909 Honus Wagner card, sold last week to an unidentified collector for a cool $2.8 million dollars.

Just had to share this on the blog. And I thought the collectible market as an investment vehicle wasn't doing that great, but I guess there still are people out there that collect baseball cards for more than a hobby. With real estate price investments fluctuating and or declining for the past few years, I think people are looking to broaden their portfolio from the traditional set of investment vehicles (ie. real estate, stocks, mutual funds, etc). Maybe that will pump more excitement and cash into the collectible area (memorabilia, comics, sport cards, etc) and further spur more movement of higher end collectibles.

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