As the Federal Reserve continues to print money, the prices of hard assets continue to soar, including that of sports trading cards.
In an auction that ended on Monday, a rookie card of six-time Super Bowl-winning quarterback Tom Brady sold for $400,100, the highest auction price in history for a football card.
The auction was coordinated online by eBay and PWCC Marketplace.
“This sale was record-setting but also largely predicted,” PWCC Marketplace CEO Brett Huigens said in a statement. “This auction event featured the finest football card we’ve brokered in our 20-year history and achieved the highest-ever hammer price for a football card. We were honored to present this asset to the public and are delighted for the new owner.”
But get this.
This record-setting auction closed just four days after PWCC Marketplace had set the modern card record on eBay by selling a 1997 Michael Jordan card for $350,100, according to Action Network’s Darren Rovell.
-RW
Funny thing, Brady made a post about this and said “you know I’m raiding the basement now!”
ReplyDeleteWhen he gets his 7th ring next year, this card will maybe be worth another $200,000? And when he retires it will go up, and when he gets into the hall of fame... good investment.