A mint condition Mickey Mantle baseball card has sold for $12.6 million, blasting into the record books Sunday as the most expensive ever paid for a piece of sports memorabilia.
A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years.
And just last month, the heavyweight boxing belt reclaimed by Muhammad Ali during 1974's "Rumble in the Jungle" sold for nearly $6.2 million.Prices have risen not just for the rarest items, but also for pieces that might have been collecting dust in garages and attics. Many of those items make it onto consumer auction sites like eBay, while others are put up for bidding by auction houses.
Ivy said savvy investors saw inflation coming down the road - as it has. As a result, sports memorabilia became an alternative to traditional Wall Street investments or real estate - particularly among members of Generation X and older millennials. "We've kind of started seeing some growth and some rise in the prices that led to some media coverage. And I think it all it all just kind of built upon itself," he said. "I would say the beginning of the pandemic really added gasoline to that fire."
Sports cards have been especially in demand, as people spent more time at home and an opportunity arose to rummage through potential treasure troves of childhood memories, including old comic books and small stacks of bubble gum cards featuring marquee sports stars.
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