In a plea hearing today in Chicago, Bill Mastro pled guilty to one count of mail fraud and admitted to the practice of shill bidding as well as trimming a famous T206 Honus Wagner card that has since sold for millions.
Goldin Auctions kicked off its sale the last week of February, with big bids placed immediately. The headliner, a T206 Honus Wagner PSA 5(MC) is nearly at $1 million already and Ken Goldin feels that when the closing date of April 5 hits, $3 million isn’t out of the question. And there’s plenty more in the auction beyond the Wagner.
When the FBI walked the show floor at the National Convention in 2009, it created quite a stir. Three years later, the ax has fallen on part of that investigation with Bill Mastro, Doug Allen and Mark Theotikos (all under the Mastro Auctions umbrella in this report) inducted on fraud charges from the Department of Justice.
The catalog drops April 16, the same day Robert Edward Auctions will open its latest treasure trove of sports memorabilia. among the jaw-dropping items will be a T206 Wagner (PSA 2), a Bab Ruth bat from 1923, Muhammad Ali’s ‘Thrilla in Manilla’ shorts and hundreds of card rarities among the more than 1,500 lots.