On Monday, an ultra-rare rookie card signed by LeBron James himself, has been sold for a record breaking $5.2 million. This is definitely testament to the boom in the sports collectibles industry with what we've been seeing both this year and last year. Will we see another big number like this in 2021? We certainly hope so! You can read more about the sale, with the full article on CP24 here: https://beta.cp24.com/sports/2021/4/27/1_5403623.html
According to an article by Wax Insurance, ticket stubs are the real hidden gems of the sports industry. The digitization of the ticketing process in modern times makes the physical relics all the more special. They say "the memories linked to ticket stubs make them all the more special. The fact that stubs aren’t printed en masse for speculating collectors, which means supply is organic and more limited". You can read the full article here: https://waxinsurance.medium.com/move-over-trading-cards-ticket-stubs-are-the-ultimate-collectors-items-for-sports-fans-5e6fa1a25e4b
According to the official PSA website, they have just made a major acquisition, of the company Genamint Inc. The website states "Genamint technology analyzes each trading card in real-time and is able to provide diagnostics, measurements, and detect alterations or other changes made to a card’s surface in an effort to assist human graders." This would see huge improvements in the time taken for them to grade all submitted trading cards. You can read the full article here: https://www.psacard.com/articles/articleview/10391/psa-acquires-genamint-introduce-next-generation-technology-grading-process
The last you heard from us, we told you that Topps was about to go public through a new SPAC deal that would see the company venturing into the NFT market. Now according to CNBC, the baseball card market is now booming more than ever. "Topps’ revenue in 2020 climbed 23% to $567 million, and the company is projecting sales growth of 22% this year followed by 12% expansion in 2022" When you combine that with the emerging NFT market, ie NFTs being a form of investment in this new digital space, both Topps (and the sports card market) is projected...
As per CNBC online, Topps is about to go public "through SPAC Deal as baseball card company ventures into NFTs". The merger deal values Topps at $1.3billion. Heading into the digital space is a major move for Topps, as the NFT market is new and emerging, and will see explosive expansion in the years to come. You can read the full article here: https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html