A mint condition Mickey Mantle baseball card sold for $12.6 million on Sunday, blasting into the record books as the most ever paid for sports memorabilia.
A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years.jersey worn by Diego MaradonaIt easily surpassed the $7.25 million for a century-old Honus Wagner baseball card recently sold in a private sale.
Some saw collectibles as a hedge against inflation over the past couple years, he said, while others rekindled childhood passions. Add to that interest from wealthy overseas collectors and you have a confluence of factors that made sports collectibles especially attractive, Ivy said. By 2021, that market had grown to $26 billion, according to the research firm Market Decipher, which predicts the market will grow astronomically to $227 billion within a decade — partly fueled by the rise of so-called NFTs, or non-fungible tokens, which are digital collectibles with unique data-encrypted fingerprints.
The auction netted a handsome profit for Anthony Giordano, a New Jersey waste management entrepreneur who bought it for $50,000 at a New York City show in 1991. "Sports collectibles are finally getting their due as an investment," Grady said."The best sports items are now starting to rival artwork, rare coins and rare artifacts as a great investment vehicle."
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