Mickey Mantle Card Hits $12.6 Million in Sports Memorabilia – Sportico.com

A mint condition 1952 Mickey Mantle baseball card sold for $12.6 million on Sunday at an auction run by Heritage Auctions, setting new records for both the most expensive card and sports memorabilia.

The price surpassed the previous sports card record of $7.25 million for the T206 Honus Wagner set earlier this month. In May, the jersey worn by Diego Maradona when he scored Argentina’s infamous ‘Hand of God’ goal at the 1986 World Cup sold for $9.3 million, setting a record for all kinds of sports memorabilia. I got

“This is one of the finest examples of the most important post-war trading card being put up for auction in the 21st century. That is the most basic reason for the record price,” said Director of Sports Auctions at Heritage One Chris Ivy said in an email. “Also, over the last few years, a huge number of new collectors and investors have entered the sports collectibles market.”

According to Crunchbase, sports-related memorabilia have helped spur the growth of collectible platforms like Alt, a $305 million venture capital-funded card brokerage and storage business. It’s a booming time. Alexis Ohanian, Kevin Durant, Alex Morgan, Tom Brady and Giannis Antetokounmpo are among the early backers.

The Mantle Card was on display at the National Sports Collectors Convention in Atlantic City last month. The seller was Anthony Giordano, who bought the card for $50,000 in 1991 from famed collector Al Rosen.

The card’s rarity and near-perfect condition was rated 9.5 out of 10, and Mantle’s Hall of Fame career has driven a great deal of interest in the card. His previous record for the Topps Mantle card in 1952 was set at $5.2 million in 2021.

The mantle card wasn’t the only record set at the weekend’s auction. The bat used in Babe Ruth’s games and signed sold for $1.62 million.

Ivey said of Maradonna’s jersey and mantle card, “The record for the highest amount paid for sports memorabilia has increased by millions of dollars twice in the past four months.” While it’s fun to see products with potential come to market, there’s no question that the eight-figure threshold is significant in the history of the industry.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *