Leading Off A few months ago, I wrote a piece about how a potential economic downturn could impact the hobby and what companies and collectors alike should do to prepare. Fast forward and it still seems we are in a bit of an interesting place today with the hobby specifically and the economy overall. We are seeing record-breaking prices for cards ($12.6m for a ‘52 … [Read more...] about Mint Condition: Perspectives on Hobby Stability Against Potential Recession
sports card investing
The Chernin Group, Sports Stars Make $40 Million Investment in Goldin Auctions
Sports collecting’s explosive growth is now attracting some major financial players. The Chernin Group, a Los Angeles-based investment firm, is pouring $40 million into Goldin Auctions, with plans to invest in technology, operations and audience development as it looks to grow the company. Among the additional investors are Brooklyn Nets star Kevin Durant and his agent … [Read more...] about The Chernin Group, Sports Stars Make $40 Million Investment in Goldin Auctions
New Start-Up Aimed at Sports Card Investors, Other Alternative Assets
The LeBron James and Giannis Antetokounmpo cards that sold for a combined total of over $3.6 million recently were purchased by an alternative asset fund managed by a new platform that is planning to launch October 1. Alt is aimed at those who want a place to manage alternative investments, including higher value trading cards, while providing real-time profit/loss numbers … [Read more...] about New Start-Up Aimed at Sports Card Investors, Other Alternative Assets