Skip to main content

tv   The Evening Edit  FOX Business  July 3, 2019 6:00pm-7:00pm EDT

6:00 pm
"strange inheritance." and remember -- you can't take it with you. >> majestic trees thousands of years old... >> these are the biggest trees i've ever seen, and they're beautiful. >> the redwood forest has been on the planet since the dinosaurs. >> then the ax men cometh. one makes a redwood his ultimate log cabin... >> what? >> ...a log-rolling attraction. it's her strange inheritance. >> i was the only child, so i knew i was always gonna get the log. >> but the road takes its toll. >> it's hard to be the log lady and have a life and be the truck driver and the repair person and do it all. >> she's got a big decision to make. >> she sure does, jamie. she sure does. >> and what happens when it's time for the log to be inherited from you? [ suspenseful music plays ]
6:01 pm
[ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] [ mid-tempo music plays ] >> i'm jamie colby, and today i'm heading to the annual blueberry festival in plymouth, indiana. it's not exactly the kind of place you'd expect to see a massive california redwood, but this tree rocks because it rolls. >> my name is jamie allen, and, in 1985, when i was 23, my father passed away, and he left me something that his father left him, and it's kept me on the road all my life. >> jamie? >> jamie? >> [ chuckles ] how are you? it's really great to meet you. and how funny we have the same name. let's get started, then. >> all right, here we go. >> this is one serious tree trunk. [ mid-tempo folk music plays ] and the "root" of the story, according to jamie, is in the
6:02 pm
late 1930s... when her grandfather, james allen, is a lumberjack in northern california. james, a widower with a son in the army, sees redwood trees so massive that several men can easily fit inside the hollowed trunks. one day, during a sudden rain squall, he seeks shelter in the trunk of a giant redwood. that's when it occurs to james that he could actually make a home out of one. >> it was the tail end of the depression. he couldn't afford to buy a regular house. my grandma had already passed away. >> so james allen combs the forest for a suitable tree. he finally discovers the perfect one on the property of the georgia-pacific lumber company, near eureka, california. >> he traded the lumber company for that section of log for work. and then it took him four months to burrow out all the wood and a year and a half to complete the
6:03 pm
house. it was all done by hand. >> today, most of those lumber mills are gone. what was once called the "redwood empire" is now a state park. >> welcome to humboldt redwoods state park. >> oh, my gosh. these trees are so beautiful. >> and they're the tallest trees on the planet. let's go. >> emily burns, a tree scientist with the save the redwoods league, says there is a reason this part of the country grows such towering trees. >> the fog rolls in to the coast redwood forest from the pacific ocean, and these trees collect it, and they take in that water directly into their leaves, and they also rain it down to the forest floor, helping all the other plants and animals. come check out this tree over here. what you're looking at is a history of fire, really. this burned-out cave is called a "goose pen." >> oh, my gosh. go inside? >> go inside, yeah. >> and it could survive this? >> actually, this tree is fine. it's still growing well. and it's created an amazing
6:04 pm
habitat for species like bats. do you like bats? >> not really. are they in here? >> they might be. they might be right up above you. >> oh, well, it was nice to see it. >> [ laughs ] [ soft music plays ] >> chopping down a tree so old is hard to fathom now, but, beginning with the 1849 gold rush, these behemoths supply a lot of lumber needed to settle northern california. >> as the miners were looking for gold, the redwoods started to be cut down to build cities like san francisco. >> even into the 1930s and '40s, redwood trees were still cut down by hand axes and whipsaws. it could take days for a 2-man team to fell a 12-foot-diameter tree. a log could easily weigh 50 tons. >> we've lost 95% of ancient forests like this one to harvest. this is one forest you won't find any other place on the planet. >> so, if this is it and i am
6:05 pm
here, can i hug a tree? >> i hope you will. the tree is ready. >> you're calling out to me. give me a squeeze! ah! it's not hard to grasp why americans love their redwoods -- a must-stop on many a family car trip since before the interstate. maybe even you have gassed up at this filling station built entirely out of three redwood tree trunks or driven through this famous arch. used to cost a quarter. today, it's five bucks. but remember, back in 1939, jamie's grandfather isn't looking to create a roadside attraction. he simply wanted a place to hang his hat. [ mid-tempo march plays ] that tree he picked out was 1,900 years old. think about that. when it was just a seed, the roman empire was at its height. as it grew, rome fell... islam rose...
6:06 pm
columbus sailed... the colonies rebelled... napoleon won -- and lost... and the wright brothers flew. >> he built the log and lived in it for seven years. >> right there in the forest -- until word gets out of the old fella living in a log. >> people would come and knock on the door and say, "what's in there?" so he used to take the log to schools. >> just load it on a trailer. presto -- a mobile home. in the late 1950s, james sr. passes away, leaving his only son, world war ii vet and traveling salesman james elwin allen, his unusual home. so the son of a lumberjack decides to take it cross-country, maybe make a buck while sharing his strange inheritance with the world. he sets off for parts unknown. his travels eventually lead him to canada and a rodeo show
6:07 pm
called the calgary stampede. there he meets 18-year-old iris keiver. they're both smitten and soon get married. what do you think your mother thought about her husband driving around the country with a log house? >> i think it must've been very intriguing because my mother married my father, and that was a very unusual lifestyle. >> when baby jamie is born in 1961, james allen jr. packs up his young wife and daughter and heads right back out on the circuit, traveling the u.s. to fairs, carnivals, and exhibitions. >> i grew up in a family atmosphere of traveling people, and we just happened to have a log. >> step right up, put a nickel in the donation box, and see james allen's incredible cabin made from a genuine california redwood. your dad was able to support the family off of change donations? >> we had the log, a fudge
6:08 pm
business, and he sold a lot of different types of products. >> so he was really a pro at this traveling business. >> he had his hands in so many pies it wasn't even funny. >> and it's not every day you get to walk through a tree. now that i heard your story, i've got to go inside. >> please go right in and see how beautiful it really is. >> that's next. what? >> but first -- our "strange inheritance" quiz question... the answer when we return. i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
6:09 pm
6:10 pm
6:11 pm
>> so, what is america's most visited national park? it's "a," the great smoky mountains in tennessee -- gets about 10 million visitors a year. >> it's not often you get the chance to walk through a 1,900-year-old redwood tree. i'll be out of the other side, i assume. >> i'll meet you at the other end. [ upbeat music plays ] >> welcome inside jamie allen's strange inheritance. what? [ chuckling ] oh, my god. look at this kitchen! the kitchen boasts a vintage hotplate and a sanitary brand refrigerator from the 1940s.
6:12 pm
i did not expect this -- full kitchen, original kitchen, all-wood cabinets? in fact, every built-in facet of the log's interior is made entirely of redwood, hand-sanded, varnished, and polished to a glossy finish. to keep it that way, jamie tells me she polishes the entire interior from floor to ceiling every night. huh. look at that. that's how it was made. the pictures hanging in this gallery are jamie's only remaining photos of her grandpa. they chronicle his amazing endeavor -- the cutting of a tree 1,900 years old, the stump cut 14 feet in diameter. amazing. i'm imagining the four months it took for her grandpa to hollow out this log and then 18 months to painstakingly hand-build this redwood interior -- just tall enough to accommodate his 6-foot
6:13 pm
frame and everything else he needed. it's a whole home -- couch, living room, dining room. bedroom? unbelievable. oh. this is beautiful! wow, jamie. it's like an elegant home inside. >> it's beautiful, isn't it? [ upbeat music plays ] >> and it's been home to jamie allen her whole life. >> i can't ever remember not living with a log. when i was a baby, my mother put me in a cardboard box because they didn't have a big crib to take with them. you can't carry a big crib in a log. [ country western music plays ] >> but when jamie turns five, her parents divorce. five years old? >> they just couldn't live together, you know? in the wintertime, my dad would come to town where i was going to school. he would come and stay at the apartment we lived in. >> and every summer, she joins
6:14 pm
her father on the road. >> my dad always had me in the log. he'd give me 15 minutes at lunch, a half an hour at dinner, and 15 minutes at around 9:00. my father always knew where i was when i was a teenager. >> and it sounds like you loved it and you loved him. >> oh, a lot. >> when jamie turns 16, she goes full time on the fair-and-festival circuit, traveling with her dad. it's big-time bonding for father and daughter, but does he really want this life for his girl? coming up... >> i looked at my father like, "what, are you out of your mind?" >> but first... >> here's another quiz question for you... the answer when we return. fact is, every insurance company hopes you drive safely.
6:15 pm
but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? most people think a button is just a button. ♪ that a speaker is just a speaker. ♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer.
6:16 pm
6:17 pm
xfinity mobile is a designed to save you money. whether you use your phone to get fit or to find the perfect gift, you'll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. so you save hundreds of dollars a year on your wireless bill. xfinity mobile has the best network. best devices. best value. simple. easy. awesome. click, call or visit a store today.
6:18 pm
so, what city lays claim to the oldest state fair? it's "a." the new york state fair began in syracuse in 1841 and remains one of the largest in the u.s. >> happy blueberry festival to you. i'm at the indiana blueberry festival with jamie allen and her strange inheritance -- a cabin her grandfather carved out of a 1,900-year-old redwood. how many people do you think you meet a year as a result of traveling with a log? >> millions. [ chuckles ] literally, millions of people. >> she's been at it since she was a kid. for years, she crisscrossed the country with her dad. what's here? >> this is my friend mike mcneil, and he was a good friend of my father's, as well, so i thought he was somebody you might like to meet. >> oh, you mean you didn't just bring me over here to have something with sprinkles? >> [ laughs ] >> mike mcneil has run a
6:19 pm
traveling concession stand like this one for 40 years. he and jamie's father crossed paths many times. >> jamie's dad was a good businessman, and he had a good heart, too, which is what you want people to say about you. >> okay... what i want is to see if mike's cheesecake is any good. >> wait a minute. >> ooh! they have everything inside. >> there you go. >> uh-huh. is this new york cheesecake? >> no, it's better. this is philadelphia. >> nothing is better -- oh, philadelphia? >> you haven't tried this. >> okay, so, what's the first step? >> dip it in the chocolate and pull it out. >> nice! >> pull it way up. >> okay, i would like sprinkles. >> sprinkles? right there. >> may i? >> go ahead. please do. >> i think i have to. >> you're gonna like that. >> mmm. >> there you go. >> give me a minute. give me a minute. wow! >> i told you that you would like that. [ laughs ]
6:20 pm
>> the thing is, cheesecake on a stick is heavenly -- on that one weekend a year the fair comes to town... not so much when every weekend's the fair and every weekday's spent creeping down the highway to the next venue. but this was the life of james allen and the life he saw his daughter backing in to. >> i was the only child, so i knew i was always gonna get the log. >> all parents hope their kids have options, and, in 1978, when jamie is 17 years old, a stranger stops by the cabin and offers one. >> my dad approached me, and he said, "a man's very interested in buying the log. would you be interested in selling?" >> but i looked at my father like, "what, are you out of your mind? no, i don't want the money. i want the log." >> was not continuing what he did with the log ever an option for you? >> oh, no. when i was little and they asked me, "what are you gonna be when you grow up?" i'd say, "just like my dad." [ folk music plays ]
6:21 pm
>> seven years later, in 1985, her dad dies of cancer. jamie, only 23, receives her strange inheritance, and, for the next 30 years, she's indeed just like her dad. any regrets that your dad didn't take that offer? >> no, it's a labor of love for me. >> you have any children? >> nope, just three dogs and a cat. >> and a boyfriend, buddy, who travels with her on the circuit. how much time do you spend with this log of yours? >> oh, i spend a lot of time with my log -- 14, 16 hours a day when we're showing, probably 4 to 6 months a year. >> and you make a living doing this? >> i try. it's not as lucrative as it used to be. it's taking its toll on me and the log. the roads are rough on it. we only get to go 56 miles an hour because you can't move it very quickly. i get four miles to the gallon.
6:22 pm
bungees, buddy. >> are you losing money on this proposition? >> i think i'm breaking even. you know, i'm just floating along. >> how much money did you make off this venture last year? >> i think we took in maybe about $20,000. >> do you think about what will happen when you can't drive a rig anymore? >> well, the show's got to go on. we don't have a choice. >> or does she? [ upbeat music plays ] she's got a big decision to make. >> she sure does, jamie. >> that's next. what's your "strange inheritance" story? we'd love to tell it. send me an e-mail or go to our website, strangeinheritance.com. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. we're the tenney's and we're usaa members for life. call usaa to start saving on insurance today.
6:23 pm
and we're usaa members for life. as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu.
6:24 pm
6:25 pm
>> now back to "strange inheritance." >> for 30 years, jamie allen has been the sole proprietor of allen's original redwood log house.
6:26 pm
what was once a home for her lumberjack grandpa is now a traveling tourist attraction -- her strange inheritance. do people look at you on the road like, "wait -- what"? "that lady's driving a tree." >> you can see the passenger tell the driver, "look, there's a girl driving that thing." >> her policy of admission by donation, plus the revenue from souvenirs, once provided a decent living, but it's tougher with each passing year. >> it's hard to be the log lady and have a life and be the bookkeeper and the truck driver and the repair person and do it all. >> those worries are building in the fall of 2014, when jamie is exhibiting the log house at the pittsburgh home & garden show. a few exhibits away is an antiques appraiser named lori verderame. jamie invites her to check out her cabin. what was your first impression when you saw this log cabin? >> oh, i thought it was very unusual. i didn't realize that it was a
6:27 pm
house inside until i went inside. >> the women begin brainstorming. is there anything jamie can do to make her business more lucrative, her future more secure? is her strange inheritance a "sell" or a "hold"? so we invited dr. lori to join us here at the blueberry festival to hear her advice. >> i have to look at it and evaluate it as a public attraction for its history. i have to look at it as a redwood log, a piece of a natural historical object. >> who buys a log? >> the people who say, "i'm a museum, i'm a conservation park, and i want to use it as an attraction to bring more awareness of my business." so the log really can stir an awful lot of interest. the other thing which impacts its value -- the log also generates money. >> well, jamie's told me she's just about breaking even. she's getting four miles to the
6:28 pm
gallon. >> well, she's moving it. that doesn't mean that, if it were staying still, that she couldn't generate more money. >> it's a lot to take in. i don't really want the log to just stay in one place. >> did you choose this life on the road, or did it choose you? >> i think that it's a little bit of both. >> you're doing this since you're 23 years old. do you start to think, "maybe i ought to sell"? >> a lot of people ask me do i want to sell, and i tell them, "well, you never sell your family tree." [ upbeat music plays ] >> a family tree for sure. at the end of the great depression, an old lumberjack fells the 1,900-year-old redwood and makes a cabin from a section of the trunk. it starts out as his home, turns into a roadside attraction, and becomes a living for his son and then his granddaughter. and what happens when it's time for the log to be inherited from you? you don't have children.
6:29 pm
>> no, but i have several godchildren that are very interested in the log. so we'll see who shows the most potential of making sure that it keeps traveling. >> words of a woman who knows she's approaching a crossroads but is not there yet. >> i've been doing what i've been doing for a long time, and i want my log to keep doing what it's doing. >> so your life's gonna be on the road for awhile. >> well, i'm pretty sure it probably will be. >> it's what you do. >> it's who i am. >> no doubt jamie allen's redwood cabin is a strange inheritance from a different era. consider this. the tree now believed to be the tallest in the world was discovered in this state park in 2006. far from turning it into an attraction, officials have kept its location secret. why? because if its location were known, they say, so many people would race off to see it that the tree's life would be in danger.
6:30 pm
i'm jamie colby for "strange inheritance." thanks so much for watching, and remember, you can't take it with you. >> found in grandpa's attic... >> it was a dirty, dusty old box. and then it's like, "wow. i don't know what it is." >> ...a discovery that will make the baseball world flip. >> you've got honus wagner, ty cobb, cy young, christy mathewson. >> i'm thinking to myself, "oh, my god. i have $1 million sitting in a chair." >> but is it almost too much of a good thing? >> it certainly changes the market in a negative way. >> i'm jamie colby, and today, i'm in northwest ohio, on the edge of an area called the great black swamp.
6:31 pm
i'm here to meet a family who's lived here for more than a 100 years. so when they unearthed their strange inheritance, they give it the code name -- "the black swamp find." >> i'm karl kissner. in 2011, my cousins and i inherited the family home from our aunt. she had left us a note -- we would find things in this home that we never knew existed. >> karl, a 54-year-old restaurant owner, has invited me to the family home in the small town of defiance, ohio. karl? hi. i'm jamie. how are you? >> very good. pleasure to meet you. >> nice to meet you, too. thanks for having me. is this the family home? >> this is grandma's home. come on in. i'll show you around. >> the house first came into karl's family in 1909. >> neat old place, but needs a little tlc. >> are you saying be careful? >> yes. >> okay. in 2012, karl and his cousins
6:32 pm
start the daunting task of cleaning out a home that's been lived in for more than a century. after several weeks of sorting through the house, only the attic remains. karl and his cousin, karla, decide to tackle the project. >> ladies first. >> oh, my! look at this place. the attic is empty now, but not that day in 2012. karl and karla walk in to find a century's worth of dusty boxes and family heirlooms. and literally filled to the rafters. >> filled to the rafters, all the way up to about here and just a path down through the middle. >> after several hours, they uncover a box hugging the back wall. it contains something the two cousins have never seen before. >> it was a dirty, dusty old box, and i opened it up. and then it's like, "wow. there's -- i don't know what it is." >> the cousins see what appear
6:33 pm
to be small cardboard photos tightly wrapped in twine. they recognize some pretty familiar faces. >> we're both looking at it. it's baseball players -- cy young, ty cobb, wagner -- but they're not baseball cards, not to us. we get one out and we look at the back, and they look like baseball cards, just miniaturized, no stats, no who made it, no nothing. >> how many are we talking about? >> hundreds. [ laughs ] >> amazing. so, you see the box. you take them out. what do you and karla say? >> actually, we set them on a dresser in the hallway and dove back into the attic >> but soon, karl starts to ponder where the strange cards may have come from. were they something aunt jean collected off a cereal box? or maybe they go all the way back to his grandfather, carl hench. >> he's a german immigrant and he works his way down through chicago and towards the ohio valley. >> he's chasing the american
6:34 pm
dream -- to own a home and start a business. carl's a butcher by trade, and by 1905, he's scraped together enough to open his own shop here in defiance -- the carl hench meat market. along with meats and sausages, he sells candies and other grocery items. was he successful in his shop? >> very successful as a butcher in town, very well-known. >> in 1909, he marries his love, jennie. they start a family and buy that dream home. by now, baseball has long established itself as the national pastime, and for decades, various companies have used baseball cards to sell their products. >> the first nationally circulated cards came inside packages of tobacco in the late 1880s and was actually one of the first opportunities for the average citizen to own a real photo. >> candy companies jump into the game, too. the so-called "caramel cards" help sell the sweets and the top players of the day. >> you've got honus wagner
6:35 pm
ty cobb, cy young, christy mathewson. >> children love the candy, but the cards even more. >> kids did what kids do. they played with them. they traded them. there's card-flipping games that they did with them. >> all karl and karla know at this point is that the cards may have come from their grandfather's store. >> our guess is that he would have given them away as promotional items, and like any good businessman, when you got leftovers, you save them for the next promotion. >> beyond that, karl isn't sure what they have in the box, but he tells his cousin he'll find out. the box sits on that dresser for a few days and almost gets thrown out several times before karl brings it to his restaurant to research the cards online. after a few days, he has some leads. >> i was looking at a 1909 caramel card and i'm going, "okay, it's not identical, but this is too close, and they've got an estimated value on this
6:36 pm
card --" >> of? >> around $15,000. >> karl discovers that a similar ty cobb card, identified as a 1910 caramel card, recently sold for $40,000. >> and i got a box full of them, and they're pristine. >> that's amazing. you're sitting on a bundle of money. >> yeah. at that point the, the heart is starting to race, and i'm thinking to myself, "oh, my god. i have $1 million sitting in a chair." >> a lot more than that... if, that is, karl can confirm his cards are real. >> you're a little skeptical, but you're always looking forward to that one phone call that turns out to be gold. >> that's next. >> but first, our "strange inheritance" quiz question.
6:37 pm
the answer when we return.
6:38 pm
6:39 pm
>> it's "c," the 1984 donruss don mattingly. he didn't have the hall of fame career some predicted, but mattingly's cards remain popular. >> while the grandchildren of carl and jennie hench are
6:40 pm
cleaning out the century-old family home in northwest ohio, they find a dust-covered box containing what appear to be vintage baseball cards. >> i had went to some of the auction sites. i'm seeing a ty cobb for $40,000. and i'm looking at the ty cobb that i have, going, "ooh! mine's better." >> the box karl found in the attic not only contains cobb, known as "the georgia peach," but all the greats of the era. and it's not just one of each player -- it's dozens. in all there, are 800 cards, most in pristine condition. >> it kind takes it out of a scope and a realm that you just -- you're not quite sure how to handle it. >> step one -- find out if the cards are real. karl reaches out to vintage-sports-cards expert peter calderon in dallas. >> i received a phone call, which was very cryptic.
6:41 pm
he didn't want to go into any details. on a daily basis, we receive phone calls from people who find cards. it's always reprints. >> peter tells karl to text some photos of the cards, and he'll take a look when he gets a chance. >> when i got that first picture, the first thing i thought of, "this is gonna be filed in a too-good-to-be-true folder," but they looked amazing, and i saw nothing about them that suggested they weren't real. so, i definitely -- the next plan was -- we talked about him sending me some sample of the cards. >> karl overnights eight cards to peter, with a note attached, saying, "call me before you open." when the box arrives at heritage auctions in dallas... >> i gave him a call, had him on the phone. >> and there's that moment of silence that feels like 10 minutes, but it's actually a matter of seconds. >> i opened up the box and i pulled out a large plastic holder. >> and then there's the, "oh [bleep] >> i was just floored, because i
6:42 pm
had no idea what a 100-year-old baseball card looked like brand-new. >> well, at that moment, i pretty much know that, "yeah, these are real." >> karl has one more bombshell. >> so, his next question is, "do you have any more?" "yes. hundreds." >> i would have been happy if it was just the eight cards. there was when you realized, "this is the find of a lifetime." >> karl dubs the cards the "black swamp find," after the nickname for this section of northwest ohio. they're quickly shipped to dallas on an armored truck and locked in the safety of a vault. the next step is to get each card officially graded on a scale of 1 to 10. karl goes with professional sports authenticator. i meet up with joe orlando, president of psa, at the national sports collectors
6:43 pm
convention for a crash course in grading baseball cards. why is this one only a 1? babe ruth cannot be just a 1. >> so, if you look at the card, you can see all of the defects. there's surface wear, multiple creases throughout the card. this is about as low as it can get. >> so, this one is higher. this is 8. is that considered mint? >> this is considered almost mint. but when you look really, really close, you can see very little, tiny white pieces of wear on each corner. and that's the difference between an 8, a 9, or a 10. >> those tiny imperfections can make a difference of thousands of dollars. >> if this is a psa 8, it's worth roughly, you know, $100 or so. if it were a 9, it's worth probably, you know, north of $1,000. and if it's a 10, it's worth north of $5,000. >> so, what about the black swamp find? do karl's cards make the grade? what was your reaction when you saw the first cards? >> it was just -- it was mind-blowing. >> before the black swamp find,
6:44 pm
the highest grade psa ever gave to a card in that series was a 7. karl's cards beat that in their first at-bat. >> it was a ty cobb and it graded a psa mint 9. little did we know that there were 15 more ty cobb 9s and, of course, hundreds of high-grade 8s, 9s, and even 10s in the set. >> sounds pretty good, right? not so fast. the collection doubles the known population of this type of card, and the unprecedented size and quality of the find could crash the baseball-card-collectors market. will karl's inheritance end up being too much of a good thing? >> if you were to flood the market with all of this at one time, it would certainly diminish the value of the entire find. >> that's next. >> here's another quiz question for you.
6:45 pm
the answer in a moment. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ most people think a button is just a button. ♪ that a speaker is just a speaker.
6:46 pm
♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer. most of us don't know how much data we use, plus no payments for up to 90 days. but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots, combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data by the gig. use a little, pay a little. use a lot, just switch to unlimited. get $400 back when you buy the new lg g8. call, visit or click today.
6:47 pm
6:48 pm
>> it's "b," $517,000 -- for a 1914 baltimore news ruth rookie card, sold in 2008. >> in 2012, in defiance, ohio, karl kissner discovers 800 vintage baseball cards in the attic of his old family home. most of the century-old cards remain in near-mint condition, which is rare among cards even half their age. before the collecting craze in the 1980s, cards were simply fun
6:49 pm
toys to be used in bike-wheel spokes or flipping games, like this one. so, i'm gonna toss a card, and it'll land either picture or stats. you're gonna toss a card. if you match my card, you get to keep my card and your card. if you don't, i get to go home with your cards. >> okay, let's do this. >> all right? here it goes. stats. >> stats up. >> picture. i'm a winner. >> you're a winner. >> fortunately for karl, his grandfather wasn't interested in such games, and the collection should easily be worth millions... if they play their cards right. you see, selling the so-called "black swamp find" all at once could flood the market and severely drive prices down. >> because of the size of the collection and the quantity involved, there was a lot of concern about the value. if there was one of each player,
6:50 pm
that would have been ideal. >> so heritage auctions proposes a series of separate sales to maximize the family's take. >> we decided the best way to do it is to take your time, sell them by the set over a number of years. >> karl runs the estate on behalf of the 20 grandchildren and divides the cards up into equal sets. each family member can either join a consortium to sell the cards or keep his share as a family heirloom. did anyone keep the cards? >> yes, yes. >> really? >> some of them did. >> but most family members agree to team up and sell the cards gradually. peter calderon tallies the numbers and comes up with what karl might expect, if all goes right -- nearly $3 million. for karl, it's a staggering sum. >> we're stunned. this is something we almost threw in a dumpster. >> in august 2012, in baltimore's camden yards
6:51 pm
ballpark, they put the first 37 cards up for auction. >> they were the best of the best. they were the best-graded cards out of all of them that we had graded. >> ladies and gentlemen, let's do lot 001. it's the 1910 e98. >> in bidding that's fast and furious, the family sees one lot of nine cards go for $40,000, a second lot of 27 cards goes for $286,000, but the real clean-up hitter of the night, the only psa gem-mint-10-graded card of hall of famer honus wagner in existence. auctioneer: >> $240,000 solid. i have the cut bid. anyone else? done! $240,000! >> we're flabbergasted. this is a wonderful gift from our grandfather and from our aunt. what more can you ask for? >> the family's total for the night?
6:52 pm
it's a very promising start, but they've also sold their best cards. does the black swamp find still have enough gas in it to get the hench grandchildren to their $3 million goal? that's next. dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do. and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪
6:53 pm
i thought i was going to lose her. it was important for me to go where i could get immediate genuine care and i found it at cancer treatment centers of america. after my treatment ended, brianna, my daughter, was diagnosed with the same type of cancer. when you get a cancer diagnosis just like brianna and jean, it can be very devastating, so we treat them as if they're a family member of ours. after my mastectomy, it was maddening because i felt like part of my identity was being taken away. when you're able to restore what cancer's taken away, you see that transformation firsthand knowing that she had options that she could choose helped restore hope. dr eid and my team made me feel like a whole person again. in our books, nothing can compare. cancer treatment centers of america.
6:54 pm
appointments available now. cancer treatment centers of america. all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook?
6:55 pm
yeah, actually. >> now back to "strange inheritance." >> karl kissner and his family are slowly selling off their strange inheritance -- 800 rare vintage baseball cards. the collection is valued at around $3 million. an initial auction of their best cards has already brought in $566,000, and the family still has plenty of high-grade hall of famers to sell. in october 2012 and may 2013, two online auctions -- with some help from legendary manager connie mack -- rack up $419,000. then, in august 2013, in chicago, a psa 8 "miner" brown
6:56 pm
pitches in to help the team ring up another 228k. and in the big apple, in february 2014, a psa 8.5 johnny evers and mint 9 frank chance assist in a $300,000 haul. two more online auctions raise the total to $1.7 million. on july 31, 2014, i join karl and his cousin karla at the 35th national sports collectors convention in cleveland for their latest auction. >> we've got a fired-up crowd here tonight. what do you think, karl? >> it's exciting watching everybody and listening to the on-floor bids. you just -- you get into the feel of it, the mood of it. >> bid what you want. the last person standing with their hand in the air gets the item. >> apparently, people have money. >> apparently. [ both laugh ] >> and at the end of tonight, you may, too.
6:57 pm
up first for karl and karla tonight, the georgia peach. >> this is a 1910 e98 set of 30 ty cobb, black swamp find, psa mint 9. are you serious? yes, we are serious. $26,000. who's bidding 28 grand? $27,000 -- heritage live. $28,300. fair warning, anybody else. >> when the auctioneer kind of slows down like that, you know it's getting good. >> yeah. >> sold at at $28,000. >> congratulations, guys. that's awesome! >> give me five on that. yeah! >> now stepping up to the plate, a psa mint 9 honus wagner. >> go, honus. >> yay! come on. yeah, come on, honus, baby. >> 32 1/2 on heritage live. another bidder just jumped on. let's sell this thing. $33,000. >> the bidding ends at $33,750. >> yeah! very good! all right! >> their weekend earnings, including online sales, total $133,000, lifting the black swamp find total to
6:58 pm
$1.85 million. [ cheers and applause ] are you satisfied tonight? >> i'm ecstatic. and you know the person that's buying it wants it and appreciates it, and he's gonna add it to his collection. and maybe he'll pass it on to his family. >> a box stored and forgotten in the attic for over a century eventually changes a collectibles industry forever, along with the lives of the 20 hench grandchildren. so far, the black swamp find is like a slugger with 40 home runs at the all-star break -- well on track to surpass the goal set by peter calderon. >> there's still 10 more sets to sell, and we're still averaging almost $200,000 a set. >> and in the card-collecting market, the game's never over till the last man is out. what would grandpa say? >> i think grandpa would be stunned, amazed, and pleased. i'm sure that he is, 'cause i'm sure that the whole family is up there looking down with big
6:59 pm
smiles on their faces. >> was the black swamp find nearly history's most epic case of some guy's mom throwing out his baseball-card collection? karl thinks so. when he made his big discovery in the attic, he spied several wrinkled and grimy cards strewn among the rafters and the floorboards. karl believes that they went flying during one of his grandma jennie's cleaning purges, when she'd pitch boxes of junk right out the attic window into a big mound below. thank goodness she never got hold of that one box in the corner. i'm jamie colby for "strange inheritance." thank you so much for joining us. and remember, you can't take it with you. do you have a "strange inheritance" story you'd like to share with us?
7:00 pm
we'd love to hear it. send me an e-mail, or go to our website, strangeinheritance.com. harvey: the objects people choose to keep in their home define who they are. this is... i told my wife i want the trophy right here in my hands when they bury me, man. it's my favorite thing ever. harvey : i'm harvey levin, this is the story of the brash, loudmouth, fight promoter from boston, who's risky business venture turned mixed martial arts into one of the most lucrative and entertaining sports in the world. ( shouting ) defending 150 pound champion of the ufc! harvey: dana white grew up raising hell. i got arrested in vegas for fighting and up in maine, and massachusetts. ( chuckles ) i forgot about massachusetts. harvey: it took a chance encounter with one of america's most notorious underbosses for dana to finally pursue that dream.

140 Views

info Stream Only

Uploaded by TV Archive on