Digital Culture
Why Investing In Sports Cards Just Got Bigger
The 1914 Baltimore News Babe Ruth sports card is one of the most iconic cards in history. Now, you can own a piece of it.
After what some speculate to be a recent record-breaking sale of the card, the anonymous buyer allows the public to own a share of what some call baseball’s greatest collectible treasure.
Those interested can purchase stock shares of the card starting at $3 through the platform Collectable.
Collectable acts like a stock market. You can buy and sell shares in your favorite players, cards, and other pieces of history. Prices of your shares then fluctuate depending on the value of that player.
Collectable becoming more popular is monumental for the sports card industry. Now, buyers and fanatics alike have their own stock market to invest in.
The CEO of Collectable, Ezra Levine, stressed the importance of this moment, noting that the buyer was “taking this physical asset and almost transforming it into a stock which can be liquidly traded on a platform.”
Ruth is arguably baseball’s most iconic player. Among his many accolades, he was:
- The first batter to hit 50 home runs in a season.
- The first batter to hit 60 home runs in a season.
- The first batter to hit 500 home runs in a career.
- A 2× All-Star.
- A 7× World Series champion.
Many experts and influencers have speculated about a collapse in the sports card industry during the foreseeable future.
Once an avid collector, Vegas Dave has been adamant in his advocacy that sports cards will collapse in the next few years.
If investors and lovers of the hobby can continuously innovate new ways to keep people interested in sports cards, much like Ezra Levine is doing with Collectable, the trend may stick around for longer than we’d previously predicted.