mike trout card investment

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The new record for a single-card sale belongs to a 2009 Bowman Chrome Draft Prospects Mike Trout Superfractor signed rookie card. Two years later, another copy in the same in the same condition changed hands for $2,075. Show full articles without "Continue Reading" button for {0} hours. A release from Anderson Group Public Relations noted that Dave Oancea is the man behind this new record-breaking single sports card sale. “You know, ‘You could have bought a house,’ ‘You could have bought this and that,’ that I’m stupid and it’s a piece of cardboard.”, Oancea echoed Goldin in saying supply and demand informed his 2018 purchase. Vegas Dave, also known as Dave Oancea, is known in the sports world, not for his expertise at selling its memorabilia but for sports betting. “I think we all learned a lesson. With record-breaking baseball card prices in the modern era, are we witnessing the same sort of bubble that was seen back in the 1980s and early 1990s? This new record-breaking Trout card had been graded by Beckett Grading Service as a "Mint 9" and with a certified autograph issue logo on the card. ALSO READ: 5 Blue Chip Stocks to Buy Now That Pay a 6% or Higher Dividend, Like us on Facebook to see similar stories, Trump heads to Mich., Wis. in campaign push. The purchase price was $400,000 at that time, from a seller based in Taiwan. Since being drafted, the star outfielder has won three American League MVP awards, participated in eight All-Star Games, and won seven Silver Slugger awards. The Baseball Reference website lists Trout's weight at 235 pounds, and that $3.9 million or so sum is worth more than half of his body weight in gold ($7.52 million at $2,000 per ounce). Covering the impact of coronavirus on the sports world. That said, many modern-day baseball fans consider Trout to be the greatest or among the greatest existing all-around players today. That sale was also through Goldin Auction. "A lot of people had a lot of negative things to say, that I was crazy, you know," Oancea told Reuters prior to the most recent sale. © 2020 Forbes Media LLC. An outfielder for the Los Angeles Angels, Trout has won three American League MVP awards and has finished in the top four in voting four other times. Since then, he’s turned to sports memorabilia.

The answer to this depends on whom you ask, but so does the actual card being purchased. In hindsight, Huigens admitted that he may have been conservative. A 2003/04 UD “Exquisite Collection” Rookie Patch Autograph LeBron James card sold for $1.107 million in this same auction as well. That said, it is now easier than ever for the public to say, "I own many cards worth more than their weight in gold!". That said, it may be some time before a perfect storm comes along again as it did with the Trout card, given its one-of-a-kind status and his veneration in baseball circles. The card was sold by Goldin Auctions and is the highest price that has ever been fetched for a trading card. This particular card received a grade of MINT 9 by Beckett Grading Services, which is the third-highest grade that a card can receive. The new record for a single-card sale belongs to a 2009 Bowman Chrome Draft Prospects Mike Trout Superfractor signed rookie card. On Saturday, a rare signed Trout rookie card sold made history. He also has great speed, a great glove, and a great arm. Vintage sports cards and memorabilia have been the go-to record-breakers for decades. He added that a “superfractor” card (meaning one of one) for Fernando Tatis Jr., a rising star for the San Diego Padres, would probably sell for at least $500,000. One of the views noted that there is now more money flowing into the hobby than ever. This new record-breaking Trout card had been graded by Beckett Grading Service as a "Mint 9" and with a certified autograph issue logo on the card. The most important news stories of the day, curated by Post editors and delivered every morning. All Rights Reserved, This is a BETA experience. “And in case you were wondering where these started at, in May 2010 a BGS 9.5 copy went for $550 on eBay,” it added. @Topps 2009 Bowman Chrome Superfractor @MikeTrout graded @beckett_grading 9.5 sells for $3.93 million at goldin auctions “ goldin elite” tonight. LAS VEGAS – It was a historic day for the sales of sports memorabilia when Vegas Dave sold a single baseball card, a signed 2009 Mike Trout rookie card, by internet auction on August 23 for $3.9 million. Time will tell whether investing in sports cards and memorabilia has entered into a new bubble, but personal experience in vintage card auctions and observing auctions of modern and vintage sports has shown that the overall impact of the COVID-19 recession showed only a minimal or zero impact even shortly after the panic selling in the stock market was reflecting a crashing economy. Hockey great Wayne Gretzky was the prior owner of one of the T206 Honus Wagners now known as the "Gretzky Wagner." My second book played a pivotal role in saving an endangered ancient forest in Oregon. Vegas Dave had legal troubles when it came to sports betting stemming from his use of social security numbers that didn’t belong to him in order to place bets. Goldin Auctions' 2020 Elite Auction brought in over $14 million in total sales. Cards of Honus Wagner, Babe Ruth, Ty Cobb and high-grade rookies of Mickey Mantle, Hank Aaron, Roberto Clemente, Willie Mays and so on have commanded incredible prices. A release from Anderson Group Public Relations noted that Dave Oancea is the man behind this new record-breaking single sports card sale.

By signing up you agree to our Terms of Use and Privacy Policy, Sports reporter covering national topics, including fantasy football, as well as supporting coverage of D.C.-area teams. That prior record was also from Goldin Auctions and was back in 2016 for the famed 1909 Honus Wagner T-206 card. But everyone can have a side job and this one is his, it just so happens to be one that pays out more than most people could make in a few lifetimes combined. “This [Trout] card is the best possible card of the best player today, and there’s only one of them that was produced. The limited edition piece is one of 25 and graded GEM MINT 9.5 by Beckett Grading Services (BGS), with a single example achieving a higher mark. Massive fire burning after building explosion in Va. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. As for other limited items of modern-day stars, Goldin said a rookie card of James that also is one of one would sell for at least $2 million, and his company expects to get at least $1.5 million at its next auction for a 1/1 rookie card of another NBA superstar, Milwaukee Bucks forward Giannis Antetokounmpo. CFB Betting Brief 10/16/2020: Alabama Vs. Georgia Headline Big Weekend, New Mexico’s Santa Ana Star Sportsbook Reaches 2 Year Anniversary. With record-breaking baseball card prices in the modern era, are we witnessing the same sort of bubble that was seen back in the 1980s and early 1990s? Previously, the most expensive trading card ever sold was the T206 Honus Wagner that went for $3.12 million in September of 2016. Two years later, another copy in the same in the same condition changed hands for $2,075. His career wins above replacement (WAR) mark of 73.5 already places him 84th in MLB history. “However, the buyer went and flipped it a month later for $3,050.”. ”So while I’m not surprised, I am very much pleased.”, I’ve written on the sports collectibles industry for 30 years for such publications as Time and Sports Illustrated and have been quoted as an authority everywhere from. by Christina Monroe | Sep 8, 2020 1:19 pm | Sports Betting | 0 comments. While the “Millville Meteor” is still flying high to this day and he shows no signs of stopping (although a certain Acuna Jr. is hot on his heals… check out our Ronald Acuna Jr.

His $400,000 investment turned into a $3.5 million return. One of the views noted that there is now more money flowing into the hobby than ever. Record-Breaking Mike Trout Rookie Card for $3.9 Million: Crazy or Genius Investment? Dave Oancea a.k.a. A one-of-a-kind 2009 Mike Trout rookie card sold at auction Sunday for $3.84 million, topping the legendary T206 Honus Wagner as the most expensive sports trading card in history. You may opt-out by. Report: Padres will try to extend Fernando Tatis Jr. That scarcity is hardly an accident; leading trading-card companies such as Topps and Upper Deck saw a thriving market collapse in the 1990s amid a glut of product. Rookie Card write up). Time will tell whether investing in sports cards and memorabilia has entered into a new bubble, but personal experience in vintage card auctions and observing auctions of modern and vintage sports has shown that the overall impact of the COVID-19 recession showed only a minimal or zero impact even shortly after the panic selling in the stock market was reflecting a crashing economy. © Provided by 24/7 Wall St. While the $3.936 million price tag sounds unreal, this card was an investment held by a sports betting consultant. He is a slugger and hits for average. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course. While this is a modern era card that generally sees a flood of supply, this card is unique as serial number "1 of 1.". That said, Mueller also noted how some people believe that the sports card market is still a baby and that people have thought the price growth was unsustainable for the past 30 years or so. Here is another statistic to consider about this record-breaking sale for Trout's record-selling baseball card. “Not bad,” Cardboard Connection observed. Oancea purchased the card in 2018 for $400,000, making a $3.5 million return on his investment in two years. Vegas Dave set a new record for baseball card sales when he sold a 2009 signed Mike Trout rookie card for $3.9 million. Brent Huigens, CEO of the PWCC Marketplace, has also confirmed that new investment is coming from just about every angle -- increasingly passionate hobbyists, traditional investors, online gamblers, competitive fantasy sports enthusiasts, athletes, celebrities, and so on. Mike Trout rookie card sells for record $3.93M at auction It is the most valuable trading card ever, topping the value of the T206 Honus Wagner card “One of the most important and attention-grabbing Trout collectibles in existence,”. 24/7 Wall St. has also counted sports cards as an alternative investment class on its own as a way of avoiding traditional losses from the stock market. “I think six months from now, the amount of available money to buy this is going to be much greater than it is now,” Goldin said, “and the supply is not increasing.”. Oancea purchased the Los Angeles Angels centerfielder’s 2009 rookie card back in 2018 on eBay for $400,000 from a Taiwanese collector.

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