When the program is autographed by a player the collectible program becomes a signed Item. The bulk of the value then relies on the signature, and how well the item displays that signature. A program signed on the cover would be compatible in price with a 8 x 10 photo.
A Mickey Mantle signed 8 x 10 photo sells for about $150.-$300. Price will vary based on condition, and the type of authenticity that accompanies the signature. As with the signed program part of the value will be determined by how well the photo/program displays the signature. The type of ink used, and how it stands out in contrast to the photograph or program will also effect the price. Sharpie would be most preferred for a photo. Larger and more desired pictures could sell for more.
If the signature is on the inside of the program, the program will retain most of it's collectible value, the signature would be valued as a "cut Signature", and added to the price of the program. A Mickey Mantle Cut signatures sell between $50.-$120. Signatures that are not authenticated could sell at half the market value or less.
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