Collectors now have a chance to own a share of one of the world’s most valuable modern football cards.
Fractional ownership platform Collectable has issued an IPO for a 2017 one-of-one Patrick Mahomes Playoff Contenders Rookie Super Bowl Ticket Autograph card. The card has a BGS 9 grade, with a 9 grade for the signature. The card has subgrades of 9.5 for centering, 9 for edges, 8.5 for corners and 9 for surface.
Shares of the card were available through the Collectable app for $5 each. There were 273,500 shares available with a market cap of $2,852,500. The consignor is retaining $1,485,000 of retained equity in the offering. As of Monday night, about 36 percent of the offering was still available.
The card is considered to be the second best Mahomes card in circulation, behind only the 2017 Panini National Treasures one-of-one Shield. In July, that card established a new record at $4.3 million.
The Playoff Contenders card is the second major offering from Collectable in recent weeks. Collectable recently offered The National Treasures Shield’s sister card , The Laundry Tag 1/1, which IPO’d for $1.58 million.
“This iconic, true ‘1 of 1’ Panini Contenders ‘Super Bowl Ticket’ has been graded a BGS Mint 9, with a 9/10 black ink autograph to match,” reads a description of the card from Collectable. “Many collectors have healthy debates over the most coveted Mahomes assets to own; yet, this offering is always in the conversation for undoubtedly one of the most desirable.”
“They’ve definitely used it as an investment and I’m sure they’ll sell it later for more money,” Mahomes said to reporters after the 1/1 NFL Shield card’s $4.3 million sale. “It shows that that business has been growing forever. I remember collecting cards as a little kid with my dad and to see how it’s really blown up these days. It really is a cool thing to see, especially when it has your name on it.”
Investors were limited to $50,000 worth of shares in the first 15 minutes of the Mahomes offering, and $100,000 in the next 45 minutes. The cap was lifted after the first hour. There is a $100,000 max per trade, but investors can place multiple trades after the cap is lifted.
Mahomes was the 10th overall pick in the 2017 draft out of Texas Tech University. He has compiled an impressive array of accolades in his NFL career, including Super Bowl Champion, Super Bowl MVP, NFL Most Valuable Player, two-time Pro Bowler, and First Team All-Pro Bowl selection.
In 2020, Mahomes signed the single biggest contract in the history of North American sports and professional sports at large. Mahomes holds numerous NFL records, including most consecutive 300-plus passing yard games, fastest player to 4,000 passing yards and 40-plus touchdown passes, fastest player to 7,500 career passing yards, and Highest Passer Rating among QB’s with 1,000-plus passing yards.
In June 2021, a Tom Brady 2000 Playoff Contenders Championship Ticket /100 BGS 9 sold for a record $3.1 million breaking the previous record of $2.25 million from March of 2021 for a BGS 8.5 which itself shattered the previous record of $1.32 million for a BGS 8 earlier in the month.
Playoff Super Bowl Ticket Rookie Autographs are bringing in big numbers from other young quarterbacks as well. Joe Burrow’s Contenders Super Bowl Ticket Rookie Autograph fetched $181,200 in May of this year, while Justin Herbert’s version sold for $157,200.