Got $25,000 to invest in modern era unopened sports card products? There’s a newly-launched private-equity fund for you. The “Modern Wax Fund” was created by Attic Investments and Blowout Cards who have put over $3 million worth of rare and desirable boxes and cases into the project.
David Arons of Frisco, TX-based Attic Investments says the fund will own more than 9,000 boxes “we all wish we had purchased and stored in our closet.”
Many of the 9,000 boxes they’ve been holding include popular items from the last ten years and include key rookies and prospects. The idea is to hold the assets and then sell them as prices rise further. Basketball and baseball make up the majority of the fund’s holdings.
“The current trading card industry attracts more money, has a wider collector/investor base, operates more efficiently and has provided returns greater than those unfamiliar with it realize.” -Modern Wax Fund Deck
The fund is open to any accredited investors who can come aboard with at least $25,000. Allocation decisions were expected to be made this week.
More information, including a list of boxes is available here.
It’s not just Zion Williamson pushing the NBA rookie card class of 2019. Ja Morant has made the transition from Murray State to the NBA with relative ease and helping drive box prices.
Chris Cason connected with the 20-year-old and Panini America at the All-Star Game in Chicago and writes about the marketing of Morant.
Items worn by the Washington Wizards and Capitals in tribute to Kobe Bryant are on the auction block.
Monumental Sports & Entertainment Foundation is hosting the auction which includes an autographed Alex Ovechkin jersey featuring the number 24 that was worn during pregame warmups on Jan. 29, a signed Ovechkin game-used equipment, signed Wizards game jerseys with Bryant’s number 8 on the back, signed bobbleheads and other items.
Proceeds will benefit The Mamba & Mambacita Sports Foundation and The MambaOnThree Fund.
The auction is now open and concludes at the end of the second intermission during the Washington Capitals game against the Pittsburgh Penguins on Sunday, Feb. 23.