In 2018, Former Bengals lineman Evan Mathis sold a 1952 Mickey Mantle Topps rookie card for a near-record $2.88 million through Heritage Auctions in order to pay for his dream home. Cards of Honus Wagner, Babe Ruth, Ty Cobb and high-grade rookies of Mickey Mantle, Hank Aaron, Roberto Clemente, Willie Mays and so on have commanded incredible prices. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: mlb | pageType: stories | The Trout card's opening bid was $1 million. That said, Mueller also noted how some people believe that the sports card market is still a baby and that people have thought the price growth was unsustainable for the past 30 years or so. 24/7 Wall St. has also counted sports cards as an alternative investment class on its own as a way of avoiding traditional losses from the stock market. © Provided by 24/7 Wall St. Rich Mueller of Sports Collectors Daily just wrote some key observations after this record-breaking auction. Brent Huigens, CEO of the PWCC Marketplace, has also confirmed that new investment is coming from just about every angle -- increasingly passionate hobbyists, traditional investors, online gamblers, competitive fantasy sports enthusiasts, athletes, celebrities, and so on. Vegas Dave set a new record for baseball card sales when he sold a 2009 signed Mike Trout rookie card for $3.9 million. Hockey great Wayne Gretzky was the prior owner of one of the T206 Honus Wagners now known as the "Gretzky Wagner." The purchase price was $400,000 at that time, from a seller based in Taiwan. According to the Golden Auction statement, this marked the first time where there were 2 million-plus dollar items sold in the company's same auction. That said, many modern-day baseball fans consider Trout to be the greatest or among the greatest existing all-around players today. All of which could bode well for his company and others in the sports memorabilia business, as long as the fever doesn’t break. The Super Bowl win wouldn’t pay out though as the FBI became suspicious and Oancea would later find himself on the receiving end of 19 felony charges. That modern-era mark was shattered in July by a LeBron James rookie card, which the auction company saw go for $1.845 million. “A lot of people had a lot of negative things to say, that I was crazy,” Oancea told Reuters about the reaction to how much he spent in 2018 on the card. Goldin Auctions' 2020 Elite Auction brought in over $14 million in total sales. If he had held on to it until 2014, he could have sold it $15,000, according to Brent Huigens, CEO of PWCC, the largest seller of investment trading cards. Whether this is a bubble in sports cards and memorabilia remains to be seen. While this is a modern era card that generally sees a flood of supply, this card is unique as serial number "1 of 1.". He cited the 2016 discovery in a house’s attic of seven Ty Cobb cards, which pushed the known total of such cards from 15 to 22. CFB Betting Brief 10/16/2020: Alabama Vs. Georgia Headline Big Weekend, New Mexico’s Santa Ana Star Sportsbook Reaches 2 Year Anniversary. But everyone can have a side job and this one is his, it just so happens to be one that pays out more than most people could make in a few lifetimes combined. This is the second time that Vegas Dave has profited off the sales of Mike Trout collectibles. One of the views noted that there is now more money flowing into the hobby than ever. Report: Padres will try to extend Fernando Tatis Jr. One of Mueller's observations: "In some way, it’s really not all that different than what we now call the junk wax era of the late 80s and early 90s when speculation on current players ruled." While fetching even tens of thousands of dollars for a modern-era card may not be the norm, it is becoming more and more common that modern-era cards are fetching previously unimaginable prices. Mike Trout trading card sells for almost $4 million, breaks record set by Honus Wagner card. Are baseball cards a hobby or an investment? Goldin Auctions' 2020 Elite Auction brought in over $14 million in total sales. “However, the buyer went and flipped it a month later for $3,050.”. If he had held on to it until 2014, he could have sold it $15,000, according to Brent Huigens, CEO of, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. The card was sold by Goldin Auctions and is the highest price that has ever been fetched for a trading card. LAS VEGAS – It was a historic day for the sales of sports memorabilia when Vegas Dave sold a single baseball card, a signed 2009 Mike Trout rookie card, by internet auction on August 23 for $3.9 million. Vegas Dave had legal troubles when it came to sports betting stemming from his use of social security numbers that didn’t belong to him in order to place bets. Record-Breaking Mike Trout Rookie Card for $3.9 Million: Crazy or Genius Investment? He also has great speed, a great glove, and a great arm. Covering the impact of coronavirus on the sports world. “[The 2009 Bowman Chrome Draft Prospects Mike Trout Orange Refractor] is a very special card, standing among the most valuable and sought-after modern baseball rookie cards that will be auctioned in 2019,” Goldin asserted. While this is a modern era card that generally sees a flood of supply, this card is unique as serial number "1 of 1.". “Not bad,” Cardboard Connection observed. A release from Anderson Group Public Relations noted that Dave Oancea is the man behind this new record-breaking single sports card sale. Trump vs. Biden Town Halls: Have Their Odds Changed? Another observation is that some of the new buyers are professionals looking for an ultimate flip rather than traditional collectors. My interest in sports and its collectibles is life-long: I can still remember the boyhood thrill of opening packs and discovering a Willie Mays or Tom Seaver card. 11:04 am ET, Mike Trout On Pace To Be Next Ernie Banks, Dodgers' Will Smith homers off ... Braves' Will Smith, Rays' Snell upset with quick hook as move backfires, Ex-Angels employee indicted over Skaggs' death, Astros' Baker says Correa called his walk-off shot, Rays' Arozarena ties rookie playoff record with sixth HR. To back that up, one of the prior "T206 Honus Wagner" cards sold by Goldin Auctions was said to be from a wealthy investor who had never purchased a baseball card for an investment before. Whether this is a bubble in sports cards and memorabilia remains to be seen. Trout's signature also checked out. Required fields are marked *. “One of the most important and attention-grabbing Trout collectibles in existence,”. That prior record was also from Goldin Auctions and was back in 2016 for the famed 1909 Honus Wagner T-206 card. Baseball’s unwritten rules may be softening, but they haven’t gone away. The record-breaker was oddly enough not a vintage card from a find or hidden away in a collection for decades. The sale of a premium Mike Trout rookie card for $186,580 greatly exceeded pre-sale estimates and continues to show the stratospheric rise of valuable trading cards as an alternative investment. “Not bad,”, Pity the poor flipper. The limited edition piece is one of 25 and graded GEM MINT 9.5 by Beckett Grading Services (BGS), with a single example achieving a higher mark. Time will tell whether investing in sports cards and memorabilia has entered into a new bubble, but personal experience in vintage card auctions and observing auctions of modern and vintage sports has shown that the overall impact of the COVID-19 recession showed only a minimal or zero impact even shortly after the panic selling in the stock market was reflecting a crashing economy. LAS VEGAS – It was a historic day for the sales of sports memorabilia when Vegas Dave sold a single baseball card, a signed 2009 Mike Trout rookie card, by internet auction on August 23 for $3.9 million. A 2003/04 UD “Exquisite Collection” Rookie Patch Autograph LeBron James card sold for $1.107 million in this same auction as well. The most important news stories of the day, curated by Post editors and delivered every morning. “I think the realistic value was in the $100K-$125K range, if I were honest,” Huigens told me. The answer to this depends on whom you ask, but so does the actual card being purchased. During the Goldin Auction, Huigens and I exchanged emails about just how high the Trout might climb. Goldin also noted that syndicates of pooled investors in trading cards have popped up recently, as the “standardized grading and authentication has … really propelled the marketplace.”. To prove the point, Trout's contract extension from 2019 with the Angels was for the sum of $426.5 million through 2030. by Christina Monroe | Sep 8, 2020 1:19 pm | Sports Betting | 0 comments. Right off of that win, he went on to win $2.3 million on the Denver Broncos in the 2016 Super Bowl. 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