A full Philadelphia Warriors uniform worn by Wilt Chamberlain during his rookie season in the NBA has become the largest sale in the short history of the fractional shares market for sports memorabilia. Over 1,000 investors purchased $956,000 worth of shares at $10 each via the Collectable app on Wednesday. The initial public offering sold out in one hour. The … [Read more...]
Notes: Brady Private Signing; Gretzky RC Offer; Gordie’s Goods, More
Tom Brady’s new autograph deal with Fanatics doesn’t mean he’s no longer doing private signings or cut ties with TriStar Productions. In fact, just days after signing a boatload of memorabilia from Fanatics, he’s signed on to autograph more memorabilia sent in by collectors and dealers…but it ain’t cheap. In fact, if you paid $1,000 for an autograph through TriStar a … [Read more...]
Notes: ESPN on Grading; Talking Babe-o-Bilia; NBA Top Shot Guy vs. Topps, More
When hundreds of thousands of cards are arriving every week, it's easy to understand why PSA needed to call timeout. The company's recent decision to pause most lower cost authentication and grading work until it can made some headway on a massive backlog of orders means bulk submitters are largely either on the sidelines or utilizing the services of another … [Read more...]
Notes: Fast Offer on Wilt Rookie; Goldin vs Covid; Orel’s Sod Farm; Lanny’s Collection to Auction; Cardinals Museum Open
On Sunday, fractional shares platform Collectable offered stakes in a PSA 9 1961-62 Fleer Wilt Chamberlain rookie card for $10 each. The total cost was $200,000. On Tuesday, they received a buyout offer of $350,000 ($16.65/share). Those who bought in have 48 hours to vote on whether to accept the deal, which would represent a 66.5% return on investment in five … [Read more...]
Notes: Spring Graphing Woes; Big Offer for Brady; Networks on the Hobby; Upper Deck Updates, Project70 Sales
MLB is allowing some fans into spring training games with hopes of putting at least some seats to use once the regular season cranks up in April. The opening of the Grapefruit League in Florida has brought some collectors to ballparks, but their chances of landing autographs are slim because of COVID protocols. The New York Daily News caught up with collectors and fans at … [Read more...]
Historic Items from Sports Immortals Collection Heading to Collectable Platform
Items from one of the world’s top sports memorabilia collections are going to be available for fractional ownership through a new partnership. Sports memorabilia investment platform Collectable announced Monday it had reached agreement on a new multi-year partnership with Sports Immortals that will offer partial ownership of items from the private collection via shares … [Read more...]
Notes: Gary Player’s Trophies Up for Sale; Washington Shop Burglary, More
Trophies from eight of Gary Player's major championships are up for sale. It's the first time that many major championship trophies have been up for sale at one time. Golden Age Golf Auctions has the hardware from Player's wins at the 1965 U.S. Open,, 1972 PGA Championship, 1974 British Open; 1978 Masters; 1994 Senior British Open, 1988 U.S. Senior Open, 1990 Senior … [Read more...]
News & Notes: There Might Be a Murderer in Your 2011 Monster Box
As the 38th overall pick in the 2011 MLB Draft, Brandon Martin appeared headed for a short ride to the major leagues. Now, he might be headed to death row. On Thursday, a Southern California jury convicted Martin of murdering his disabled father, his uncle and another man with one of his old baseball bats in September 2015. A five tool prospect, Martin was featured in … [Read more...]
Notes: PSA Still Overwhelmed, Making Moves; MJ 10 a Fractional Sellout; More
PSA says it has nearly doubled operating capacity through the first nine months of 2020 but the volume of submissions has doubled, too, and the company's gigantic backlog of orders is still growing. Earlier this year, PSA reported a backlog of nearly 1.5 million items and customer wait times for all but the highest level of services was well beyond advertised … [Read more...]
Fractional Flashes: Rally Gets $17 Million; Collectable to Offer $100K Jordan
Rally, one of the fractional ownership platforms for pricey sports cards and memorabilia, has just received a $17 million cash injection from investors. According to Tech Crunch, Reddit co-founder Alexis Ohanian is one of those who have pumped cash into Rally, which has nearly 200,000 users who use an app to buy shares of ownership in things like classic sports cars and … [Read more...]