Bruce McNall, the owner of the NHL's
Los Angeles Kings, had by now heard of the card and convinced his star player, Wayne Gretzky, to help him purchase it in 1991. The $451,000 sale was brokered in part by Mastro.
The "Gretzky T206 Wagner," as it would henceforth be called, was the very first card to be graded by PSA, receiving an "8 Near Mint-Mint" designation. To put that into context, according to PSA's current population report, there are no other T206 Wagners that have received a grade above a 5. All but three have received a grade of 3 or lower.
But then McNall went to prison after admitting to defrauding six banks out of $236 million dollars. "Gretzky got stuck with the card and wound up selling it," O'Keeffe recounted. Walmart bought it and raffled it away in a 1995 promotional campaign. But the post office employee who won the card couldn't afford to keep it because of the taxes that came with owning a Wagner.
The card would continue to be sold and resold by prominent auction houses such as Christie's, Sotheby's and Robert Edward Auctions -- as well as private collectors, including MLB pitcher Tom Candiotti -- until it was dubbed the "most expensive card in the world" after Ken Kendrick, principal owner and managing general partner of the
Arizona Diamondbacks, purchased it for $2.8 million in 2007.