New here? Read up on our past Sports Memorabilia issues to get the most from this post.
May 19th, 2022 | ± 4 minutes
HIGHLIGHTS:
- An update on Sports Memorabilia performance for last week
- All you need to know about any new IPOs & memorabilia at auction
- The scoop on undervalued, mispriced and hidden gems
Let’s go!
Table of Contents
Sports Memorabilia this year
Sports memorabilia on fractional platforms continues to go sideways after potentially finding a bottom end of March.
Sports Memorabilia last week
Fractional secondary markets
The memorabilia index was down 2.4% for the week, bucking the recent trend of flat to slightly up results. No surprise that the largest components of the index – basketball and baseball, were both down.
Buyout offer
The Collectable 1996 Kobe Bryant Rookie Game Worn and Signed Sneakers shareholders approved the buyout offer for $152,500 ($11.55/share).
Auctions
The Heritage May 12 – 14 Sports Catalogue auction wrapped up last week. Here are some of the highlights:
A Nolan Ryan photo-matched jersey from 1973 sold for $126,000.
A 1998 Michael Jordan game-worn and photo-matched jersey continued a recent trend of strong results for photo-matched pieces in general and Jordan memorabilia in particular when it sold for $360,000.
Three tickets with relevance to offerings on the fractional platforms were:
- A Mickey Mantle 1951 Debut Opening Day Ticket (PSA 1) – sold for $52,800; Collectable has the same ticket with an Authentic grade that began trading last week with a current market cap of $66,750; maintaining inferred value at $30,000.
- A 1992 Tiger Woods 1st PGA Event Rate Yellow Variation Full Ticket (Authentic) – ended at $12,600. Both Collectable and Rally have a different variation of this ticket from the same event that is graded PSA 6 with market caps of $88,400 and $70,000, respectively (neither is currently trading); maintaining inferred value of both tickets at $64,000.
- Lastly, a 1958 World Cup Brazil vs. USSR Ticket Stub Pele Debut (PSA 1) – sold for $9,000; Rally has the same ticket in a half grade higher (PSA 1.5) at a $48,000 market cap; maintaining inferred value at $8,000.
This week and next week
Fractional market IPOs
Just one sports memorabilia IPO this week.
2016 LeBron James Game Worn Jersey – Photomatched
- Market Cap: $90,750
- Retained Equity: $0
- Inferred Value: $105,000 (16% upside)
- Drop: 5/19/2022 on Collectable
- Our View: [INSIDERS ONLY]
Auctions
The May Goldin Elite auction concludes this Saturday (5/21). Items of note are:
- 1955 Sandy Koufax Debut and World Series Championship Season Game-Used Brooklyn Dodgers Road Jersey (MEARS 9.5) – currently at $720,000. Collectable has a 1964-65 photo-matched Koufax Jersey (MEARS A10) with a current market cap of $394,086. The Goldin jersey should sell at a premium due to it being 10 years earlier and from Koufax’s rookie season (though it lacks the photo-match aspect of Collectable’s offering). Rally has an upcoming Koufax IPO featuring a 1966 signed jersey with a planned market cap of $600,000.
- 1997-98 Michael Jordan Eastern Conference Finals Games 3 and 4 Game-Used and Photo-matched Chicago Bulls Road Jersey – already at $462,000, this has already surpassed the recent Heritage sale for a photo-matched Jordan jersey from around the same time period that was discussed above.
- 2014 LeBron James Game-Used, Signed and Photo-matched Miami Heat Road Jersey from NBA Finals Game 1 – currently at $180,000; a strong result that helps support the valuation of the 2016 Collectable offering; the Goldin asset should sell at a premium to the Collectable offering as it is from two years earlier, signed, and matched to Finals game (vs. regular season for Collectable asset).
That wraps up our Sports Memorabilia coverage for this post.
Cheers,
Wyatt
