It didn't have the dark cloud of 2020 or the wild ride that followed as we moved into 2021 but the sports collecting hobby was still a pretty vibrant place in 2022 with some significant happenings on the business side. In Part 1 of our annual hobby year in review, we look back at some of that news along with some notable events on the legal side. Business Briefs The year … [Read more...] about Sports Collecting Year in Review: Corporate Moves and Crime
Sports Memorabilia Industry News
IRS Delays Implementation of $600 Threshold for Third Party Payment Forms 1099-K
If you’ve taken in more than $600 from Paypal, Venmo or other third parties this year while selling cards or memorabilia, you won’t be getting a 1099-K form from the Internal Revenue Service after all. The IRS has announced that it’s delaying the implementation of the new law until 2023. As a result of the delay, third-party settlement organizations will not be required to … [Read more...] about IRS Delays Implementation of $600 Threshold for Third Party Payment Forms 1099-K
NIL College Basketball Cards Begin Trickling Out
NIL licensing is putting some new college basketball cards on the market and players are getting a piece of the action. The Player’s Trunk has partnered with multiple schools for sets of cards for the 2022-23 season. The first to hit the market are those featuring Syracuse and St. John’s. Each set consists of 11 cards with packs guaranteed to include one autograph … [Read more...] about NIL College Basketball Cards Begin Trickling Out
Searches, Sales for Messi, Mbappe Cards Climb During and After World Cup Showdown
Lionel Messi and Kylian Mbappe entertained the world with their duel in the 2022 World Cup Final Sunday and it seems plenty of fans and collectors wanted a little piece of the history. Sales and searches for cards of the two international soccer superstars skyrocketed during and after the match. eBay says sales of Messi collectibles on eBay increased nearly 500% from … [Read more...] about Searches, Sales for Messi, Mbappe Cards Climb During and After World Cup Showdown
Chasing Cardboard Film Series Highlights Big Deals and Storytelling
When most people sell their collections, it’s done anonymously. Cards with former forever homes exchange hands, and the stories behind their provenance, if they are ever told, stay between buyer and seller. Chasing Cardboard, a film series on YouTube, has been documenting the sales of everyday collections, unknown hoards and telling the stories about the people who own … [Read more...] about Chasing Cardboard Film Series Highlights Big Deals and Storytelling
Collectors/Goldin Set to Open New Lower Cost Marketplace, Weekly Auctions
Goldin and its parent company, Collectors, are launching two new online marketplaces for sports cards, memorabilia and other collectibles early in 2023. The new Goldin Marketplace and Weekly Auction will each be connected to the company's vault, with collectors able to offer items on either platform. The Marketplace will be designed for items valued at $100 and up but … [Read more...] about Collectors/Goldin Set to Open New Lower Cost Marketplace, Weekly Auctions
Upper Deck, McDavid Extend Deal, MeiGray Secures More Game-Used Gear
Upper Deck’s autograph deal with Connor McDavid is being extended. Under the new agreement, the company “will continue to be the sole producer of authenticated collectibles, trading cards and memorabilia featuring McDavid's image and autograph,” according to the company. Upper Deck first signed McDavid when he was a 16-year-old playing junior hockey. He quickly … [Read more...] about Upper Deck, McDavid Extend Deal, MeiGray Secures More Game-Used Gear
Mickey Mantle Rookie Card Sells for Record $3,192,000
One of the nine 1951 Bowman Mickey Mantle rookie cards graded PSA 9 sold for $3,192,000 early Sunday morning, setting a new record price for the first trading card ever issued of the Yankee icon. The price achieved by in Memory Lane's Fall Rarities Auction more than quadrupled the old record of $750,000 set with the last sale of a mint PSA graded Mantle in April of … [Read more...] about Mickey Mantle Rookie Card Sells for Record $3,192,000
PSA in Deal with Whatnot for Grading
PSA has partnered with Whatnot on a new grading option. Collectors who buy trading cards on Whatnot can now add on PSA’s services during the Whatnot checkout process instead of having them shipped to their home. Instead, the cards will be sent directly from Whatnot to PSA, which will then authenticate, grade and encapsulate those cards and ship them to the … [Read more...] about PSA in Deal with Whatnot for Grading
MINT Collective Set to Return in March
A multi-day gathering of businesses and collectors from in and around the sports memorabilia hobby will be back for a second year and is expanding. The MINT Collective, hosted by IMG and Collectable, will take place in Las Vegas next spring. eBay will return as the event’s presenting sponsor, along with Peyton Manning’s Omaha Productions which is participating as part … [Read more...] about MINT Collective Set to Return in March