The Sports Trading Card Gamble
Trading Card Gamble – Have you ever imagined that your favorite childhood pastime could lead to a large sum of money? Today, sports trading cards can be a risky business—just look at the tremendous sums of money that have been made from them.
Ones of cardboard that were originally clipped to the spokes of children’s bikes to make them sound like a motorcycle are now considered works of art, with rarer pieces fetching over $1,000,000.
Sports trading cards have joined the ranks of Bitcoin, Dogecoin, and other cryptocurrencies as one of the world’s trendiest commodities. Michael Jordan’s 1986 Fleer rookie card, rated a perfect 10 by third-party Professional Sports Authenticator, sold for a record $738,000 through Goldin Auctions in late January. Two Jordan PSA 10 rookies sold for that amount.
As you can see, just 14 months ago, the same card in the same grade sold for less than $32,000. Jordan’s rookie card, believe it or not, is not an outlier. Take this Goldin Auction lot, for example, which includes a one-of-a-kind LeBron James autographed basketball card with a game-used NBA logo man patch. It fetched a world-record $1.28 million.
The Trading Card Gamble
So, what does any of this have to do with online gambling, you might ask? Consider the origins of trading card collecting, whether it’s for sports, entertainment, Pokemon, or Magic the Gathering. You go to a hobby shop and buy a sealed box or pack of cards. You have no notion what’s within that wax pack or that box until you rip it apart.
The act of buying sealed trading card items is a bet in and of itself, and one that youngsters as young as 5-6 years old have been taking daily since the 1950s when Topps and Bowman baseball cards were all the rage. Those that have survived, like Mickey Mantle’s 1952 Topps, which is considered one of baseball’s holy grails, can sell for millions of dollars.
eBay Sales Study
Legacy auction houses have embraced digital to capitalize on the recent trading card boom, but eBay remains the undisputed king of sports card auctions. The online auction site has released a “State of Trading Cards” study to highlight the anticipated increase in sales in 2020.
Trading card sales on eBay increased by 142 percent year over year, with Pokemon being the most popular. To put it another way, in 2020, eBay sold 4-million more trading cards than it did in 2019.
Collectors sought out rare Lionel Messi and Cristiano Ronaldo cards, as well as Kylian Mbappé rookies, and sales of soccer cards increased by more than 1500 percent.
While China continues to lead in NBA card sales, consider Australia’s 379 percent year-over-year increase. Australians are known for their fondness for “pokies,” or online slot machines, and bet on sports. but it’s clear that they’re also passionate about collecting and selling sports cards. It’s like betting on sports events like the Champions League, but more fun!
Goldin Auction Investment
Following PSA’s $853 million sales to a private investment group led by New York Mets owner Steve Cohen and Charlotte Hornets minority owner Dan Sundheim, Goldin Auctions announced that it had raised $40 million in financing from The Chernin Group, which included Kevin Durant, Deshaun Watson, and Bill Simmons among its investors.
Make no mistake: there is no short-term bubble if Peter Chernin is investing. Is there a risk involved? Always. Thus, you need a proper online casino strategy and guide on where you trade the cards. When a collector opens a pack of cards or a box, it’s the same as if they were playing blackjack, craps, or roulette in a gambling casino. They’re hoping to avoid snake-eyes and hit the jackpot as PSA and Goldin Auctions have in recent weeks as they peel open the wax pack. There are many ways to make a profit in this type of sports bet.
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