Bill Mastro, former head of Mastro Auctions, will serve 20 months in prison for actions such as card trimming and shill bidding.
Lelands kicks off 2014 with a bang: T206 Honus Wagner, Jackie Robinson’s ROY Award, Laettner jersey, Schoendienst Collection, Juan Gonzalez Collection, Floyd Patterson Collection and items related to Abraham Lincoln, Jim Thorpe and many more.
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.
When the dust settled, Goldin Auctions’ second sale had a total of $3.2 million in bids, led by a T206 Honus Wagner for $2.1 million. Other famous cards also did well, as did an iconic Knicks jersey.
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.
ESPN’s Grantland takes a look at the baseball card hobby, specifically the most famous of the T206 Wagner cards, is a 15-minute video that features Keith Olbermann and PSA’s David Hall.
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.
From CBS declaring the baseball card hobby is dead to ABC’s ‘Ball Boys,’ the sport collecting hobby is getting some mainstream attention.
Finding one T206 Honus Wagner is exciting. But in the next six weeks, three different examples will cross the auction block in a trio of high-end auctions. Now’s your chance to own one.
Memory Lane is conducting a “Holy Grail” auction that ends the first week of May, with such coveted cards as a T206 Wagner, T206 Plank, Brunner’s Cobb, Sports Kings Ruth and much more.