Art routinely sells for 2-3x what this 13M basketball card sold for — and many of us would laugh at the art the way we did at the card. It’s a new world and sports cards are considered an asset class now, much the way art is. Art is purchased fractionally, by investment syndicates and no one blinks an eye. Same with sports cards now.
That prices are going through the roof means we won’t be able to afford cards we once could; our collections, of course, are going up commensurately. For anyone with a collection that’s a significant part of their net worth, this is a good thing, even if you’ve never purchased a card for investment purposes.
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