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Old 12-14-2009, 12:31 PM   #1 (permalink)
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Default Mikan Rookie Card Sells for Record Price

Mikan Rookie Card Sells for Record Price

1948-49 Bowman George Mikan rookie card sold for $218,550 in the Hidden Treasures Auction conducted by Memory Lane Inc.

A 1948-49 Bowman George Mikan PSA 10 lived up to its reputation as the holy grail of basketball cards. The one-of-a-kind card sold for $218,500 in Memory Lane's Hidden Treasures Auction. It's believed to be the highest price ever recorded for the public sale of a single basketball card.

1948-49 Bowman George Mikan rookie card PSA 10The card is the only gem mint graded Mikan rookie card in existence. Just four others have attained a ‘9’ or ‘mint’ grade. The card generated 57 bids before being won by SCP Auctions of Laguna Niguel, CA which was bidding on behalf of one of its clients. Bidding closed at $186,000. The final realized price includes a 17.5% buyer’s premium added to each winning bid in the auction.

Auction bidding began in late November and closed with a flurry of activity late Saturday night with the Mikan card eventually topping the reserve price after midnight Eastern time.

The card had no real defects of any kind, a rarity in an era when printing was far less sophisticated. It once resided in the collection of former Major League pitcher Tom Candiotti.

The 1948-49 set was Bowman’s first and only entry in the basketball trading card arena, although the company did produce baseball and football sets from the late ‘40s through 1955. The card was printed in the more scarce second series, adding to its desirability and rarity. The '48 basketball set was the first Bowman sports card set produced in color and represents the last mainstream basketball card set until Topps produced its first set in 1957.

In all, the Memory Lane Hidden Treasures Auction generated $1.8 million in sales and featured a number of rare pieces representing sports and non-sports collectibles.

A trio of mid-1950s baseball card boxes—still unopened after more than 50 years—also generated tremendous interest among the thousands of sports 1955 Topps unopened boxcollectors who participated. The winners will now have to decide whether to keep them in their current state or break open the packs and hope to score some high-grade superstars or rookie cards. A 1955 Topps box of 24 packs led the way, closing with a realized price of $44,317. Sandy Koufax, Harmon Killebrew and Al Kaline rookie cards could be inside. 1954 and 1955 Bowman boxes sold for $34,917 each.

The ultimate “to rip or not to rip” question will confront the buyer of a 1952 Topps baseball unopened nickel pack. Rare by any measure, the pack offered in the Hidden Treasures sale was from the 5th and 6th series. That means it’s possible a Mantle card lies inside—undisturbed since it was placed there some 57 years ago. The pack brought $15,406.95 more than it cost at the store back then.

19th century baseball collectors had the opportunity to bid on a group of 1887 Old Judge “spotted tie series” cards. This ultra rare collection included 15 of the 16 known cards and sold for $40,792. An 1895 Mayo’s card of pitcher Kid Nichols tallied $7377 in a PSA 5 holder.

Christy Mathewson signed checkMemory Lane also offered a selection of high-grade cancelled checks bearing the signatures of some of baseball’s greatest names including a PSA/DNA-graded “10” Christy Mathewson, accompanied by a note from the late pitcher’s wife. It sold for $25,517, while a 1917 Honus Wagner check brought $5937.

Autographed items did not stop with the checks, however. An incredible 1949 Bowman baseball set, with an eye-popping 214 cards autographed including several Hall of Famers, brought $14,624. An addendum to Thurman Munson’s 1968 minor league contract, signed by the late catcher, drew a lot of attention. The one-of-a-kind item sold for $2235. A sketch signed by all four members of Notre Dame’s famous pre-War backfield known as The Four Horsemen, tallied $2493. An index card signed by Hall of Fame pitcher Walter Johnson (graded 9 by PSA/DNA), went for $1475.

Vintage baseball cards are always the base of Memory Lane’s catalog auctions and once again bidders found some high-grade gems. This time, the two most important cards in the 1951 Bowman series were offered. A PSA 7-graded 1951 Bowman Mickey Mantle rookie card rocketed to $11,860, cementing Mantle cards as a “can’t miss opportunity” for collectors or investors. Two ’51 Bowman Willie Mays rookies were offered. A PSA 8 copy brought a very impressive $13,342 winning bid while a 7.5 sold for $7902. A 1952 Bowman Mays graded ‘8’ sold for $5533.

A T206 Cy Young “bare hand showing” variation, graded PSA 8, brought $15,256 while an Old Mill John McGraw “portrait with cap” sold for $7365.

Full article:
Mikan Rookie Card Sells for Record Price-Sports Collectors Daily
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