Weekly Update – Sports Cards

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Sports Card Collecting App Loupe Raises $12 Million

Loupe raises series A round of $12 million. The round is led by Forerunner Ventures, with other investors DJ Skee and Nat Turner. In January, Loupe raised $3 million in a seed round from Upfront Ventures.

The Loupe App is a live streaming marketplace where buyers and sellers interact and discuss their cards, eventually agreeing on transactions directly through the app. Sellers are not charged fees for sales.

Check out Loupe here

Loupe hosts daily live streams with a variety of events. The company is focusing on offering modern tools for the modern sports card collector.

‘DBacks Collection’ Coming to the National Convention

Ken Kendrick owns the Arizona Diamondbacks major league baseball team; he also owns some of the most valuable baseball cards in the world.

Thirty cards from his personal collection will be on display at the National Sports Collectors Convention in Rosemont, IL.

Auction house Memory Lane will feature the cards at their booth during the convention. A few of the Kendrick ‘DBacks Collection cards’ cards are one of only three PSA 10 GEM Mint, 1952 Topps Mickey Mantle rookie cards, and a PSA 9, 1933 Goudey Babe Ruth.

Also included in the collection is a pair of PSA 9, 1934 Goudey Lou Gehrig cards.

CSG Holding 2 Day Seminar on Card Grading

Certified Sports Guaranty (CSG) is holding a two day event at the companies Sarasota, Florida office to learn about card grading from CSG experts.

The event is free, and will focus on card grading, authentication, grading technology, counterfeits, and alterations.

CSG will also make job offers to qualified candidates at the event. This sounds like a great recruiting tool for the company, and a worthy mission to spread card education throughout the industry.

Florida Doctor Passes on Card Collection Worth Over $20 Million

A Doctor from Florida, who recently passed away from covid, passed on a baseball card collection valued at over $20 million. The collection includes one of the only PSA 9 1933 Goudey Babe Ruth cards in existence, which is expected to break the record for the most expensive card ever sold.

Memory Lane Auctions will offer over 1,000 vintage and modern sports cards from the collection within the next month.

Also included in the collection is a 1952 Mickey Mantle rookie, Ty Cobb, Honus Wagner, Cy Young, and Lou Gehrig cards.

PSA 10 Wayne Gretzky Sells for Over $1 Million

One of the two PSA 10 graded Topps Wayne Gretzky cards recently traded hands for over $1 Million. PWCC brokered the sale, which was over 30% higher than the previous sale for the other PSA 10 Gretzky card sold just 5 months ago for $720,000.

In addition to the Topps Gretzky rookies, there are also two PSA 10 rated O-Pee-Chee Gretzky rookie cards. One of those cards also sold in the same auction for $1.29 million.

New Reality TV Show Features Ken Goldin

Sports cards and memorabilia auction house Goldin Auctions will be featured on a new reality TV show. Plans are to feature Ken Goldin, founder of Goldin Auctions, as interest in the sports card industry has increased over the last few years.

Producer of the ‘Pawn Stars’ series, Brent Montgomery and Connor schell, formerly of ESPN, will team up for the production.

LeBron James rookie card sells for record $5.2 Million

This week saw the highest price ever paid for a basketball card when a LeBron James 2003-04 Upper Deck Exquisite sold for $5.2 mil. Only 23 cards were produced. No buyer identity was released.

The price of the LeBron card ties the highest sports card price ever paid. The 1952 Mickey Mantle rookie card sold for the same amount just a few months ago.

PSA Purchases Genamint

An absolutely insane number of card submissions over the last few months sent PSA, the card grading company, looking for help.

Recently, they purchased Genamint, an automated, “artificial intelligence” card-grading company, for an undisclosed amount. Check out the super-cool demo video on the Genamint website.

Kevin Lenane founded Genamint just over one year ago.

Topps Going Public

A merger between a Special Purpose Acquisition Company, Mudrick Capital Acquisition Corp, and Topps will take the company public once again. The SPAC deal values the Topps company at $1.3 billion.

The last time Topps was a publicly traded company was in 2007 before it was taken private by The Tornante Co, an investment firm run by former Disney CEO Michael Eisner.