This certificate from the Green Bay Packers' 1923 stock sale is up for auction in February 2026. (Photo courtesy Heritage Auctions)
(WTAQ-WLUK) – A certificate from the Green Bay Packers’ first-ever stock sale sold for $64,050, according to Heritage Auctions.
The buyer was not identified by the company. The auction closed Sunday.
The stock sale was organized after four years of financial uncertainty for the fledgling Packers organization. It was spearheaded by Andrew Turnbull, one of the owners of the Green Bay Press-Gazette.
Shares in those days cost $5 each. The team sold 1,109 shares, raising $5,545. After six total stock sales, the Packers have more than 500,000 shareholders.
The certificate up for auction granted W.R. Whittenberg 20 shares in the team. The certificate is memorabilia only; it does not include shares of stock in the team.
In late December, a certificate from the team’s second stock sale in 1935 sold at auction for $109,800.



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