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eBay invokes new rules for baseball card auction 

eBay is auctioning off the most valuable baseball card in the world, but collectors might want to review the rule changes before stepping into the bidder's box.

The T206 Honus Wagner card, dating from the early 1900s, went on sale today with a minimum bid price of $500,000, and it almost instantly was bid up to $550,000. To bid on it, collectors must agree to some new rules, including pre-registering with the seller, making a $100,000 deposit, and agreeing to pay a 15 percent buyer's premium.

eBay's rules change is a response to moves made by Sotheby's and others to capture the high-end auction market, said Evie Black Dykema, e-commerce analyst with Forrester Research.

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