In the wake of last week’s $10 million sale of the 1998 Michael Jordan NBA Finals uniform, Collectable has received a buyout offer for the 1959-60 Wilt Chamberlain rookie uniform that’s been on the platform since the spring of last year.
The offer made to shareholders is for $3 million, which represents a 113.4 percent net return over the initial IPO price of $1.275 million ($10 per share).
Shares of the uniform have been trading on Collectable’s secondary market, with last trade at ($19.50/share), up 95% since IPO. If approved, shareholders would get about $21.34 for each share owned.
A discussion and vote will now take place with shareholders making the call on whether to accept or reject the offer.
The owner of the uniform, David Kohler of SCP Auctions, retained 25 percent equity in the uniform.
The uniform originated with Chamberlain himself and has changed hands in the hobby a few times over the years. The uniform was photomatched by MeiGray to multiple games during Chamberlain’s rookie year, including a famous Neil Liefer image of Chamberlain waving to the crowd as he walks off the court. It was also authenticated Mears several years ago.
A PSA 3.5 copy of the 1952 Topps Mickey Mantle sold for a record tying $87,000 while a 2.5 went for $72,000 to lead Robert Edward Auctions’ September Encore Auction Sunday night.
The 1933 Goudey Babe Ruth SGC 3 that sold in the same auction suddenly seems like a steal at $20,400, not to mention the Red Portrait T206 Cobb at just over $10,000.
An autographed Tiger Woods putter sold at auction for $328,577 late Sunday night through Golden Age Golf. The Scotty Cameron club was specially made for Woods, but wasn’t used in a tournament.
The history of it is pretty well documented and it’s one of only a handful of clubs that are associated with Woods and have come on the auction block.
The putter was last sold on October 1, 2005 at a fundraising event in Southern California. It has been in the family that purchased it since then.
Also sold in the auction was another putter made for Woods by Cameron—this one unsigned and dating to the late 1990s. The “Newport II” club went for $86,525.
An Arnold Palmer putter netted $126,680, while a set of golf clubs once belonging to President Dwight Eisenhower reached $59,731.
Certified Collectibles Group, parent company of CSG, has been awarded a Top Workplaces 2022 honor by the Sarasota Herald-Tribune.
The list of Top Workplaces is based solely on employee feedback gathered through a third-party survey. The anonymous survey uniquely measures 15 “culture drivers that are critical to the success of any organization, including alignment, execution and connection.”