October 30, 2017
The Dodgers and the Astros weren't the only ones involved in an exciting battle Sunday evening as thousands of collectors flocked to Robert Edward Auctions' Fall Auction, which turned in record-setting results just as the Astros grabbed the lead in the eighth inning. A total of 29,558 bids were placed in the auction, and total sale proceeds for the 2,781 items tallied $10,069,600. There were 932 different buyers from countries all around the world.
A PSA 7 example of Babe Ruth's 1916 Sporting News rookie card was the highest-grossing item in the auction, hammering for $600,000. The consignor had purchased the card for $81,000 ten years earlier. A similarly graded 1952 Topps Mickey Mantle sold for $168,000 and a PSA 9 example of Hank Aaron's 1954 Topps rookie card sold for $204,000. All four 1933 Goudey Babe Ruth cards were presented in PSA 8 condition and combined to sell for $357,000. An incredible, new-to-the-hobby collection of fifty Turkey Reds, each graded by SGC, combined to realize more than $290,000, led by a Near Mint example of Christy Mathewson that soared to $57,000. Eleven items sold for six figures while another 132 brought in $10,000 or more. "Once again, this auction demonstrated that putting high quality material in front of our extremely large bidder base turned in incredible results, and we're thankful to all involved in bidding and selling," said REA president Brian Dwyer. "We have a lot of happy consignors today who benefited from the exposure and excitement that only an REA auction can provide, and there are a lot of buyers who went to bed knowing they had secured some outstanding items."
Some additional highlights include:
Newly Discovered 1958 Topps Football Wax Box - $156,000
1951 Bowman Mickey Mantle PSA 8 - $132,000
1931 Babe Ruth Game-Used & Autographed Bat - $114,000
1948-1949 Leaf Jackie Robinson SGC 96 - $108,000
1917 Collins-McCarthy Babe Ruth SGC 20 - $90,000
1962-1963 Jim Brown Cleveland Browns jersey MEARS A10 - $78,000
1948 Leaf Boxing Rocky Graziano PSA 5 - $72,000
1966 Mickey Mantle Game-Used Bat PSA 10 - $72,000
1967 Super Bowl I Full Ticket PSA 8 - $54,000
This was the largest Fall Auction since the company started hosting the event in 2013 as a companion to the annual blockbuster spring auction. That first auction was a small $3,100,000 affair, but collector demand has driven the auction to heights usually associated with the spring auction. This is the first time ever that REA has conducted two $10,000,000 auctions in the same year, following up on the $10,900,000 spring auction. According to REA president Brian Dwyer, the results of this weekend's auction affirmed the company's belief that the two auctions are equal. "We have always felt that spring and fall were interchangeable in terms of quality and production value. We promote both auctions the same way to the same bidders and we don't hold items in favor of one auction or the other." Dwyer believes that the eight-figure fall auction will turn heads with collectors. "Sometimes seeing is believing, and collectors can't help but take notice of the impressive results from this weekend."
According to Dwyer, hundreds of new bidders were registered for this event as a result of the company's outreach inside and outside of the hobby, including an appearance earlier this month on the floor of the New York Stock Exchange. A greater presence at card shows and appraisal events around the country has also contributed to a rise in consignments and new interest in buying and selling with REA. "We are thrilled to be able to build interest in, and be positive ambassadors for, the hobby and collecting," said Dwyer. Representatives from REA will next be available at the Valley Forge Show in Valley Forge, PA in early December accepting items for the spring auction to be held in April.
To view prices realized from the Fall Auction, request a free copy of the catalog, or discuss consigning to a future auction, visit www.RobertEdwardAuctions.com.