Welcome to Sports Memorabilia Insider for 9th December 2021.
We use Moneyball tactics to discover undervalued, mispriced, and hidden gems in Fractional Investing.
After a slight recovery in the week prior, sports memorabilia continued its weak 2021 performance with a 1% decline last week.
Fractional secondary markets
Though small in number of assets, sports photographs did their best to offset other subcategory losses as it returned 13.5% for the week with the Ty Cobb photo on Collectable providing the bulk of the returns with a 27.1% return.
Football and baseball memorabilia were the laggards with declines of 2.3% and 2.0% respectively. Second-tier game-used bats seemed to fall out of favor as the Jimmie Foxx bat (-20.8%) and Michael Jordan bat (-14.3%) both declined.
Assets dropping on marketplaces
Sports memorabilia returns to the IPO market after a few weeks off as Collectable debuts a pair of LeBron James game-worn sneakers.
- Market Cap: $450,000 (0% retained equity)
- Inferred Value: $203,000
- Drop: 12/12/21 on Collectable
- Recommendation: [Insiders Only]
Rally continues to roll out live trading with 20 new assets debuting this week with 3 sports memorabilia assets – only one of which is trading below its inferred value.
- Market Cap: $232,500
- Inferred Value: $220,000
- Market Cap: $552,500
- Inferred Value: $700,000
- Market Cap: $276,000
- Inferred Value: $331,200
Two assets currently at auction represent reasonable comps to assets currently trading on fractional platforms.
- Heritage has three different tickets from the 1953 World Series on auction; this was Mickey Mantle’s third year with the club.
- Collectable has a 1951 Opening Day ticket for Mickey’s MLB debut IPOing soon; strong results above the auction estimate for these three tickets would be a strong indicator for the Collectable offering.
- Robert Edwards recently sold a 1951 World Series ticket featuring Mantle’s First World Series hit for $360.00
1930s Babe Ruth and Lou Gehrig Dual-Signed Baseball (Lelands Late Fall Classic 2021)
- Collectable has a similar 1933 dual signed Ruth/Gehrig baseball currently trading at a $76,000 market cap.
- The Collectable offering is in better condition (a PSA 7.5) than the Lelands offering (PSA 5), but can be used as a comp; the Lelands offering is at $4,281 with three days left.