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The Joe Pomp Show
How Sports Collectibles Became A $1 Billion Business With Ken Goldin
May 28, 2024
Ken Goldin, Founder of Goldin Auctions, discusses the rise of sports collectibles market, investment firms entering the space, and highlights like Kobe Bryant card and game-used jerseys. He also talks about the rarity and value of Tom Brady's Patriots jersey, economic influence on collectibles, and challenges of showcasing valuable items on TV
25:28
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Quick takeaways
- Speculators and influencers caused a trading card price surge followed by a market downturn due to leveraged investments.
- A market recovery in 2023 saw a rise in key collectibles' prices, with basketball items experiencing significant fluctuations.
Deep dives
The Peak and Decline of the Trading Card Market
According to Ken Golden, the trading card market reached its peak on January 31st, 2021, with the sale of two PSA10 Michael Jordan rookie cards for $720,000 each. Influencers and speculators contributed to a surge in prices, followed by a significant downturn due to leveraged investments. This led to a sudden influx of trading cards in the market, causing a decline in prices.
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