BASEBALL CARD INDUSTRY SEES NEW INVESTORS
Steve Cohen and Dan Sundheim, known for their blue-chip artwork holdings, are making a substantial investment in sports activities collectibles. Sports trading cards for sale are of increased interest during the pandemic, and there are a few reasons why. With record-breaking sports trading card sales constantly on the rise, new investors can’t pass up the opportunity to get involved. Read on to learn more about the catalyst for this investment and how it will impact the industry.
THE ART OF THE DEAL
In this latest deal, Collectors Holdings, an organization shaped by Cohen, Sundheim, and entrepreneur Nat Turner, acquired Goldin Auctions for an undisclosed value of around $200 million. Additionally, Blackstone agreed to buy Licensed Collectibles Group, which authenticates and grades gadgets on the market, and is valued at around $500 million. So, why the interest in sports and baseball cards for sale? Cohen owns the New York Mets and has always been vocal about gathering memorabilia. Furthermore, Sundheim purchased a minority stake within the NBA’s Charlotte Hornets from Michael Jordan in recent years. The investors are certainly no stranger to professional sports.
THE RECENT INTEREST IN BASEBALL CARDS FOR SALE
When it comes to sports trading cards for sale, interest is certainly on the rise. Furthermore, professional sports has a wider reach than artwork, and so do sports collectibles for sale. When it comes to card grading services and determining the worth of playing cards, the valuation is definitely simpler. One of these card grading services, PSA, was acquired by Cohen, Sundheim, and Turner’s Collectors Holdings in a $853 million deal earlier this year.