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Mickey Mantle card sets record and sells for $12.6 million

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A mint condition Mickey Mantle baseball card sold on a mint Sunday, fetching $12.6 million at auction, the highest amount ever paid in the booming sports memorabilia market.

The rare card topped the record $9.3 million a buyer paid for a jersey worn by Diego Maradona when he scored the ‘Hand of God’ goal at the 1986 World Cup. It surpassed the $7.25 million that a century-old Honus Wagner baseball card recently brought in a private sale and the nearly $6.2 million paid for the heavyweight boxing belt reclaimed by Muhammad Ali during the Rumble in the Jungle from 1974.

Even before the start of auctions at Heritage Auctions, the Mantle card was expected to set a record due to its excellent condition, legendary subject of the New York Yankees, its rarity, a market in which sports memorabilia are a protection against the inflation and investors become active again. after the pandemic.

“There’s only a limited amount of Netflix and ‘Tiger King’ that people could watch, so, you know, they were going back to their hobbies, and clearly the sports collection was one of them. “, Chris Ivy, director of sports auctions at Heritage Auctions, told The Associated Press.

The 1952 Mantle card made a handsome profit for Anthony Giordano, the president of a New Jersey recycling and waste management company who bought it for $50,000 at a New York trade show in 1991 and told the Washington Post he could smell a bargain. The buyer is not yet known.

Mantle played all 18 seasons of his career with the New York Yankees, won seven World Series titles and was a three-time American League MVP. The batting center fielder was inducted into the Hall of Fame in 1974, his first year of eligibility. Manteau died in 1995.

Bought for $50,000, Mint Mantle Card Draw Bids Exceed $6 Million

Joe Orlando, recently named executive vice president at Heritage Auctions, told the Post that while the card would be extremely valuable on its own, a cover letter would increase its value. When Giordano purchased the 1952 Topps card from Alan Rosen, a card dealer nicknamed “Mr. Mint”, Rosen praised its condition and Giordano asked him to put this in writing. Using his “Mr. Mint Letterhead,” Rosen did just that, calling the map “in my opinion the best known example in the world.”

This piece of paper helped increase the value of the card, which never belonged to any member of the Yankees star’s family. David Mantle, the slugger’s eldest son, said he passed up the opportunity to buy another one that was in good condition for $5,000 in the 1980s. Mantle told the WFAA that he didn’t didn’t have the money at the time and didn’t want to ask his father for a loan.

“It would have been nice to have one in the family,” he said.

Margarita W. Wilson

The author Margarita W. Wilson