How Sports Trading Cards Went from Hobby to ‘Asset Class’
ESPN Daily
ESPN
4.6 • 3.9K Ratings
🗓️ 29 December 2020
⏱️ 24 minutes
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Summary
Transcript
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| 0:00.0 | About a decade ago, somebody put your picture on a piece of cardboard. |
| 0:03.8 | At some point, you signed it. |
| 0:05.7 | And this week, it was worth almost $4 million. |
| 0:09.3 | You have any context? |
| 0:10.8 | When you heard that, what goes through your head? |
| 0:14.3 | That's pretty incredible. |
| 0:15.3 | You know, it's just as a kid, you know, having baseball cards and having, you know, |
| 0:19.9 | when you get to the show, you get, or when you get drafted, you get a, you get your own card and, you know, just have |
| 0:26.9 | a price tag on that. |
| 0:28.3 | Maybe I should have kept that one. |
| 0:32.7 | That is MLB megastar Mike Trout, reacting to his rookie card, setting an all-time record for price paid at auction this year? |
| 0:43.3 | Despite the pandemic, the trading card market in 2020 has somehow been hotter than ever before. |
| 0:51.3 | Today, how and why the industry went from a kid's hobby to an asset class for hedge fund |
| 0:58.1 | managers and meet the people who took it there. I'm Pablo Torre. It's Tuesday, December 29th. |
| 1:07.6 | This is ESPN Daily. |
| 1:22.7 | So Dan, I want you to help explain exactly how wild this year has been for sports cards with an example. |
| 1:30.2 | And that example that sticks out to me and shocks me every time I consider it is this record setting Mike Trout card. Can you tell me a little bit about the card itself? So it's a, |
| 1:35.5 | it's a 2009 Bowman Chrome Super Fractor. Dan Hey Ducky is a writer and researcher for ESPN and a |
| 1:43.3 | card collector himself. |
| 1:45.0 | It's got an autograph on it, Mike Trott's autograph on it. |
| 1:48.1 | It's graded. |
| 1:49.4 | Basically, there are three companies, professional support authenticator, Beckett and SGC. |
... |
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