Someone is going to have a big payday today.
A Houston businessman is putting his 1909 T206 Honus Wagner baseball card up for auction.
The auction begins today and bidding continues until April 19th.
The Wagner card is the Holy Grail of sports collectibles and is expected to fetch at
least $1 million, and perhaps as much as $1.5 million, in the online auction.
It is believed that only 60 of the 1909 Wagner cards still exist, but many are in poor condition.
In 2011, Arizona Diamondbacks owner Ken Kendrick paid a record $2.8 million for the highest-graded Wagner card in existence.
The T206 series were included in cigarette packs sold by the American Tobacco Co. from 1909 to 1911. What makes the card so rare is that the American Tobacco Co. ended production of the card after only about 200 cards were distributed to the public. Wagner refused to allow production of his baseball card to continue, either because he did not want children to buy cigarette packs to get his card, or because he wanted more compensation from the American Tobacco Co.