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The Perfect Market: Record Setting Baseball Card Sale

September 3, 2020 By The Editors

By Eightshot_Studio @ Shutterstock.com

Reuters recently reported the sale of a one of a kind Mike Trout baseball card, a signed 2009 Bowman Chrome Draft Prospects Superfractor, for $3.936 million dollars. Reuters reports:

A baseball card from Los Angeles Angels star Mike Trout’s early years sold for $3.936 million — the highest price ever for a sports card.

The 2009 Bowman Chrome Draft Prospects Superfractor card is one-of-a-kind, marked “1/1” and signed by Trout. Goldin Auctions put the card up for auction last month with the bidding starting at $1 million. The auction concluded Saturday night.

The Angels made Trout their first-round selection, No. 25 overall, in the 2009 MLB Draft.

The sale of the Trout card breaks the record price of $3.12 million for a T206 Honus Wagner card nearly four years ago.

The Trout card was rated by Beckett Grading Service as a Mint 9, with the signature authenticated.

It last traded hands in 2018 when it was sold on eBay for $400,000, ESPN reported.

The value of baseball cards is amazing. The rare ones are worth so much, just because they’re rare and there are people who collect cards. They have no intrinsic value, but there are people who desire them. More than gold or other collectibles, baseball cards are the perfect free market. It’s really an amazing case study in how markets work.

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