Welcome to the FREE version of our Sports Cards Insider.
NOTE: Collectable postponed its IPO of the 1916 Babe Ruth card that Wyatt wrote about here. In its place, it will IPO a different Babe Ruth card.
Today we have a deep dive into the 1933 Goudey Babe Ruth #144 SGC 8 that will IPO at Collectable on April 25th, 2021 at 6:30 PM EST.
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What is the 1933 Goudey Babe Ruth #144 SGC 8?
The 1933 Goudey set is an iconic vintage baseball card set, containing a number of the most well-known cards of legendary players of that era. There were four separate Babe Ruth cards in the set (#53, #144, #149 and #181) with the #144 the only one with a full body picture of Ruth. The card was double printed, and as such, there is a pretty large supply still around today, with a surprising number in good condition.
The SGC pop report shows that of the 559 total cards graded, there are 8 SGC 8s and 5 graded higher:
For good measure, there have been 1,143 cards graded at PSA, with 32 graded as PSA 8 and 4 PSA 9s with none higher.
It IPOs on Collectable at 6:33 PM EST (according to the app) on April 25th for $136,000. The consignor is holding $20,000 in retained equity, leaving $116,000 in shares.
Add IPO to calendar
Cultural Relevance
Wyatt covered this in the previous Babe Ruth writeup. Suffice to say, Ruth was one of the greatest baseball players ever and still retains a high level of name recognition today.
Inferred Value – $100K+
[Detailed Valuation available to Insiders Only]
Category Strength
The Sports Cards category had a 60% ROI in Q1 2021.
Subcategory Strength
Risk Profile
Asset Growth TTM
Growth Outlook and Future Catalysts
Ruth’s cards have been appreciating steadily and given his iconic status I’d expect that to continue. The one drawback of this asset is that it’s not as scarce as you would expect for a card from 1933. The Heritage auction of the 1916 Ruth card that Collectable was originally going to IPO is ongoing. The current price (with buyer’s premium) is $2.25 million and with twelve days left is certainly going to go higher. The publicity from a record-breaking sale could lift interest in Ruth’s other cards.
Asset Liquidity
This will have a roughly 90 day lockup period then will trade daily.
Platform Risk
Intangibles
The retained equity is actually pretty low (14.71%) for the typical Collectable offering.
Due Diligence Service
If you’re looking to make a big asset investment, we can help you perform due diligence. Stefan created and runs Flippa’s Due Diligence program, and can offer the same service to you.
