Welcome to Sports Memorabilia Insider for Feb 2nd, 2022 – FREE edition.
Each week we give you the scoop on undervalued, mispriced and hidden gems in Alternative Investing.
Table of Contents
Sports Memorabilia in 2022
The sports memorabilia index remained flat for the third week in a row. Like we said last week, this consolidation will be interesting to monitor to see if it breaks out higher or lower.
So far, the index is down 4% for 2022 YTD.
Last Week
Fractional secondary markets
Basketball memorabilia rebounded from a 1.6% loss two weeks ago to post a 1.2% gain.
The Chris Bosh Collectable sneakers continue to be one of the more volatile memorabilia assets, perhaps due to their small market cap, as they rebounded 41.2% for the week. The Jordan rookie signed jersey on Collectable gained 12% which could have been a result of a strong sale for the Jordan jersey in the MINT25 auction.
The 1951 Joe DiMaggio Jersey opened for live trading on Rally and promptly dropped 68% as some shareholders took advantage of the first-time liquidity option.
Overall, Baseball memorabilia dropped by 0.4% to hold the sports memorabilia category to a 0.4% gain.
Buyouts
Shareholders of the Manning, Favre, Marino Game Used Jersey Basket on Collectable rejected a $55,000 buyout offer ($52,800 net) with 64% voting against it.
Auctions
- 1918 Babe Ruth Handwritten and Signed Letter (6 times) – Final sale price of $406,359; pre-auction estimate of $800,000 – $1,000,000.
- Wilt Chamberlain 100 Point Game Signed Program and Ticket Stub (PSA 3) – Final sale price of $137,521; pre-auction estimate of $100,000 – $200,000; using a recent comp for the 100 point (unsigned) program to get a value of $16,600 for the signed program, we are updating our value of the Rally 100 point ticket (PSA 3) to $121,000
- 1952 Mickey Mantle Game Used All-Star Bat – Reserve not met (final bid of $98,003)
- 1998 Michael Jordan Chicago Bulls Game Worn Photomatched Jersey – Final sale price of $351,028
- Kareem Abdul-Jabbar Record-Setting NBA Point Basketball – Reserve not met (final bid of $103,947); updating our inferred value of this asset trading on Collectable to $104,000.
- 1985 Michael Jordan Game Worn Air Jordan 1 Sneakers – Final sale price of $422,130; pre-auction estimate of $400,000 – $500,000
This Week and Next
Fractional Market IPOs
Two memorabilia IPOs this week, both from Collectable, and one early access IPO opening to full access.
Luka Doncic 2019 Game-Worn Signed Sneakers
- Market Cap: $82,000
- Retained Equity: $15,500
- Inferred Value: $52,000
- Drop: 2/1/2022 on Collectable
- Our Opinion: [INSIDERS ONLY]
Reggie Jackson 1969 Oakland A’s Road Jersey
- Market Cap: $157,750
- Retained Equity: $0
- Inferred Value: $50,000
- Drop: 2/2/2022 on Collectable
- Our Opinion: [INSIDERS ONLY]
Tom Brady 2000 NFL Debut Full Ticket PSA 7
- Our Opinion: [INSIDERS ONLY]
Fractional Secondary Markets
Rally debuts two memorabilia assets for live trading, all of which are trading slightly above inferred values.
Note: Market cap data correct as of 2/2
Jesse Owens 1936 Olympic Gold Medal Tickets (4) PSA AUTH
- Platform: Rally
- Market Cap: $25,625
- Inferred Value: $15,000
- Our Opinion: [INSIDERS ONLY]
1985 Julius “Dr. J” Erving Game-Worn Jersey (Signed)
- Platform: Rally
- Market Cap: $35,000
- Inferred Value: $26,000
- Our Opinion: [INSIDERS ONLY]
Auctions
The Goldin Winter Elite Auction enters its final week.
Several debut tickets from various G.O.A.T.s are featured with Mickey Mantle, Tom Brady, Kobe Bryant, Lionel Messi, and Mike Trout all represented.
The Brady ticket should be a good comp for the Collectable offering as it is the same grade (PSA 7) and also is signed.
A Cooper Kupp Game Used Photo Matched 2021 Jersey and Gloves is an intriguing bet on the upcoming SuperBowl – the current bid is $11,000.
Items with impact on fractional offerings include a 1997 Jordan uniform, a 1996 Jordan jersey, and a 1971 Roberto Clemente World Series bat.