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Sports memorabilia, especially trading cards, have become popular items in recent years. The most prized card on the market – and one of the most iconic baseball cards of all time – the Honus Wagner T-206, just set another record for the most expensive card of all time.

A 1909-1911 Honus Wagner T-206 was recently purchased for a whopping $7.25 million, According to USA Today. This beat the previous record set by the same Honus Wagner card (with a lower score) of $6.6 million.

Ken Golding, founder of sports memorabilia company Golding, oversaw the sale. Goldin explained that the rarity of the Honus Wagner card is the driver of its value. Collectors see it as the ultimate trophy on their capes.

“It’s so rare,” Goldin told USA TODAY Sports. “It’s the standard-bearer of the industry, especially poker. Anyone who goes into the hobby and has money, it’s a status symbol. ‘Do you have a Wagner?’ There are so few of them.”

As the face of the most valuable trading card in existence, Wagner is best known for his 18 seasons with the Pittsburgh Pirates from 1900 to 1917. During his time with the Buccaneers, Wagner hit .328 with 82 homers and 1,474 RBIs. In 1909, Wagner helped Pittsburgh win the World Series.

After earning a World Series ring and leading the National League with eight at-bats, Wagner was inducted into the Baseball Hall of Fame inaugural class in 1936. The Pirates retired Wagner’s number 20 years later in 1956.

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