Rare Book Monthly

Articles - February - 2021 Issue

New Record Price for a Baseball Card - $5.2 Million

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The $5.2 million baseball card (PWCC photo).

A new record price has been set for a baseball card, and this time it topped $5 million. The card is a Tops 1952 Mickey Mantle rookie card, sold by PWCC to Indianapolis native Rob Gough. The final price was $5.2 million. It leapt over the previous high price of $3.93 million paid for a Bowman Chrome Superfactor purchased last year. That was a rookie prospect one-of-a-kind Mike Trout card created in 2009. If you are wondering what the Mantle card cost new, it was 5¢, and with that you got four other cards and a stick of gum.

 

For reference, the highest salary Mantle ever made was $100,000 and his total career earnings were $1.12 million.

 

This Mickey Mantle card is graded a 9 on a scale where the very best condition is a 10. It is one of only 6 known cards graded at 9. There are also 3 that are graded a 10 and one can only imagine what those might bring.

 

While many people remember watching (or listening to) Mantle play, Rob Gough was not one of them. He was born in 1969, the year after Mantle retired. Nonetheless, he has been looking for this card for years. He has owned Mantle rookie cards before, but always of a lower grade. He has described the card he purchased as the “Holy Grail” and the “Mona Lisa” of baseball cards (although, in fairness to the Mona Lisa, it is more like a superfractor card – one of a kind).

 

Your immediate reaction may be that Gough is an idle rich man foolishly throwing his money around. Gough is no fool or amateur investor. He made his fortune as an entrepreneur and investor, buying and selling businesses, most recently the clothing brand Dope. He is a savvy investor. That is not to say this is merely an investment. He is a collector who has long dreamed of owning this card. Nonetheless, he has a keen eye for value. Overpaying is not part of his nature. Forbes quoted him as saying “I think I got a tremendous deal on this card,” and that he believed it was “massively undervalued.” That might sound like an exaggeration it having sold just a little over two years ago for only $2.88 million (the second highest price ever paid for a baseball card at the time). Again, Gough is a smart investor and he has his reasons for saying it is a deal. He told the Indy Star that less iconic cards have sold for ten times their previous price over the same time period. This one is less than a double. Maybe he is onto something.

 

However, Gough made one claim to the Star that I still question. Noting that “anything is possible,” he said “Anybody from Indianapolis can do the same thing.” If so, those Indianapolitans are wealthier than residents of any other city I know.

Rare Book Monthly

  • <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> CURRIER and IVES, publishers -- After Frances F. Palmer. The Rocky Mountains. Emigrants Crossing the Plains, 1866. $10,000 to $15,000.
    <b>Hindman Auctions, May 12:</b> [BIBLE, in English]. <i>The New Testament of Jesus Christ, translated faithfully into English.</i> Rheims, 1582. $6,000 to $8,000.
    <b>Hindman Auctions, May 12:</b> [BIBLE, in Latin]. <i>Biblia latina.</i> Venice: Franz Renner of Hailbrun [Heilbrunn], 1483. $3,000 to $4,000.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> SHELLEY, Percy Bysshe (1792-1822). Autograph letter signed ("P. B. S."), to Charles Ollier. Florence, Italy, 15 December 1819. “MY PROMETHEUS IS THE BEST THING I EVER WROTE.” $3,000 to $4,000.
    <b>Hindman Auctions, May 12:</b> RAMSAY, David (1749-1815). <i>The History of the Revolution of South-Carolina…</i> Trenton: Isaac Collins, 1785. $3,000 to $4,000.
    <b>Hindman Auctions, May 12:</b> [BINDINGS]. MUIR, John (1838-1914). <i>The Writings of John Muir.</i> Boston and New York: Houghton Mifflin Company, 1916-1924. 10 vols. $2,000 to $3,000.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> [CHICAGO] -- <i>Park & Guide Map of Chicago.</i> Chicago: Jas. Van Vechten, 1873. $2,000 to $3,000.
    <b>Hindman Auctions, May 12:</b> CURRIER and IVES, publishers -- After Frances F. Palmer. $2,000 to $3,000.
    <b>Hindman Auctions, May 12:</b> [ALLEN PRESS]. SHAKESPEARE, William (1564-1616). <i>Romeo and Juliet.</i> Greenbrae: Allen Press, 1988. $1,000 to $1,500.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> BEMELMANS, Ludwig (1898-1962). Pencil drawing on paper. 247 x 198 mm, sight, matted and framed. Showing a child shooting at a baby's balloon. $1,000 to $1,500.
    <b>Hindman Auctions, May 12:</b> [LOGAN ELM PRESS]. HARVEY, Rebecca. <i>Any Number of Things.</i> Ohio State University, 2013. Single sheet paper scroll. $800 to $1,200.
    <b>Hindman Auctions, May 12:</b> BINYON, Laurence (1869-1943). A small archive of letters and pamphlets. $200 to $300.
  • <b><center>Sotheby’s<br>Bibliothèque littéraire<br>Hubert Heilbronn<br>11 May 2021</b>
    <b>Sotheby’s May 11:</b> Breton, André. <i>Nadja.</i> Paris, N.R.F., Gallimard, 1928. €15,000 to €20,000.
    <b>Sotheby’s May 11:</b> [Stendhal, Henri Beyle dit]. <i>Le Rouge et le Noir,</i> chronique du XIXe siècle. Paris, Levavasseur, 1831. €20,000 to €30,000.
    <b>Sotheby’s May 11:</b> Dumas, Alexandre. <i>Les Trois mousquetaires.</i> 1844. 8 vols. In 4. Paris, Baudry, 1844. €30,000 to €50,000.
    <b>Sotheby’s May 11:</b> Mallarmé, Stéphane -- Edgar Allan Poe. <i>Les Poèmes d’Edgar Poe.</i> Bruxelles, Edmond Deman, 1888. €18,000 to €25,000.
    <b>Sotheby’s May 11:</b> Proust, Marcel. <i>Le côté de Guermantes II. Sodome et Gomorrhe I. [and] Sodome et Gomorrhe II.</i> Paris, N.R.F., 1921 et 1922. €20,000 to €30,000.
  • <b>Swann Auction Galleries, May 12:</b> <i>Westvaco–Inspirations for Printers,</i> 3 volumes, 1938-61. $200 to $300.
    <b>Swann Auction Galleries, May 12:</b> Proef van Letteren, <i>Welk gegooten worden in de Nieuwe Haerlemsche Lettergietery,</i> 1768. $3,000 to $4,000.
    <b>Swann Auction Galleries, May 12:</b> Paul Klee, <i>Bauhaus Ausstellung Juli – Sept.,</i> Weimar, 1923. $4,000 to $6,000.
    <b>Swann Auction Galleries, May 12:</b> Michel Seuphor & Jozef Peeters, <i>Het Overzicht Nos.</i> 22-23-24, Antwerp, 1922. $3,000 to $4,000.
    <b>Swann Auction Galleries, May 12:</b> Wolfrum & Co., <i>Modern Graphik, Serie I…,</i> complete portfolio, 1909. $1,200 to $1,800.
    <b>Swann Auction Galleries, May 12:</b> <i>Gravure et Fonderie deC. Derriey: Specimen-Album,</i> Paris, 1862. $5,000 to $7,500.
  • <center><b>Dominic Winter Auctioneers<br>12/13 May<br>Printed Books, Maps & Prints, Numismatic Books from the Milne-Henderson Collection</b>
    <b>Dominic Winter, 12/13 May:</b> Mariette (Pierre-Jean). <i>Traité des pierres gravées / Recueil des pierres gravées...,</i> 2 vols., 1750. £1,000 to £1,500.
    <b>Dominic Winter, 12/13 May:</b> [Bryant, Jacob & William Cole]. <i>Gemmarum Antiquarum Delectus, [Marlborough Gems],</i> 2 volumes, [privately printed, 1780-83], £800 to £1,200.
    <b>Dominic Winter, 12/13 May:</b> Caylus (Anne Claude Philippe, Comte de). <i>Recueil d'Antiquités Egyptiennes, Estrusques, Grecques et Romaines,</i> 7 volumes, Paris, 1756-67, £700 to £1,000.
    <center><b>Dominic Winter Auctioneers<br>12/13 May<br>Printed Books, Maps & Prints, Numismatic Books from the Milne-Henderson Collection</b>
    <b>Dominic Winter, 12/13 May:</b> Devonshire Gems. <i>Duke of Devonshire's Collection of Gems,</i> privately printed, c. 1790, [one of 8 copies], £1,500 to £2,000.
    <b>Dominic Winter, 12/13 May:</b> Goltz (Hubert). <i>Le Vive Imagini di tutti quasi gl'Imperatori,</i> Antwerp, 1557, £500 to £800.
    <b>Dominic Winter, 12/13 May:</b> Manuscript. <i>An Explanation of Dassier's Medals, by Charlotte Hanbury,</i> c. 1795-1800, £700 to £1,000.
    <center><b>Dominic Winter Auctioneers<br>12/13 May<br>Printed Books, Maps & Prints, Numismatic Books from the Milne-Henderson Collection</b>
    <b>Dominic Winter, 12/13 May:</b> Paoletti (Bartolomeo and Pietro). A collection of 300 plaster cameos presented in 7 leather-bound double-sided faux book boxes, Rome, c. 1820, £2,000 to £3,000.
    <b>Dominic Winter, 12/13 May:</b> Mayer (Luigi). <i>Views in Egypt, from the Original Drawings, in the Possession of Sir Robert Ainslie,</i> London: Thomas Bensley for R. Bowyer, 1805, £2,000 to £3,000.
    <b>Dominic Winter, 12/13 May:</b> Blaeu (Willem Janszoon & Johannes). <i>Theatrum orbis terrarum, sive Atlas novus, pars quarta</i> [England and Wales], Amsterdam: Johannem Blaeu, 1648, £6,000 to £8,000.
    <center><b>Dominic Winter Auctioneers<br>12/13 May<br>Printed Books, Maps & Prints, Numismatic Books from the Milne-Henderson Collection</b>
    <b>Dominic Winter, 12/13 May:</b> Reuter (O.M. & Mela, A.J.). <i>Finlands Fiskar. The Fishes of Finland,</i> 12 parts (complete), Helsingfors: G.W. Edlund, 1883-93, £500 to £800.
    <b>Dominic Winter, 12/13 May:</b> Lunardi (Vincenzo). <i>An Account of the First Aerial Voyage in England,</i> 2nd edition, London: Printed for the Author, 1784, £700 to £1,000.
    <b>Dominic Winter, 12/13 May:</b> North America. Jansson (Jan). <i>Virginiae partis Australis et Floridae partis Orientalis,</i> circa 1641. £400 to £600.

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