Podcast Summary
Elon Musk's surprise investment in Twitter and the booming collectible market: Elon Musk's unexpected stake in Twitter may lead to significant influence, while the collectible market saw $100 million in sales in 2020 and should not be overlooked by investors.
Elon Musk's unexpected purchase of a 9.2% stake in Twitter has sent shockwaves through the social media world, with many speculating about his motives. Musk, who has had a contentious relationship with Twitter in the past, has stated that he is a passive investor and not an activist, but some believe he may be positioning himself to wield significant influence over the company. Meanwhile, Ken Golden from Golden Auctions shared insights into the booming collectible market, revealing that his company saw a staggering $100 million in sales in 2020 alone. Despite the impressive numbers, Golden emphasized that those following the stock market, Bitcoin, NFTs, and real estate should not overlook the collectible market. Overall, the discussion highlighted the power of strategic investments and the potential impact of influential figures on various industries.
Elon Musk's Strategic Investment in Twitter: Elon Musk's recent 9.2% stake in Twitter could be a defensive move to secure freedom of voice and expression, protect against future silencing, and open doors for further involvement in media or social media space.
Elon Musk's recent acquisition of a 9.2% stake in Twitter may be seen as a strategic move with potential implications beyond just financial investment. Musk, known for his bold and unconventional business decisions, could be making a defensive move to secure his freedom of voice and expression, as well as protect himself against potential future silencing. This move could also open doors to further involvement in the media or social media space, potentially partnering with figures like Jack Dorsey to enhance Twitter's capabilities. Musk's actions may be driven by a desire to safeguard his influence and shape the future of online discourse. The exact motivations remain unclear, but Musk's history of disruptive innovation and his recent investment in Twitter suggest that significant changes could be on the horizon.
Elon Musk's unexpected purchase of Twitter: A turning point in the fight against censorship?: Elon Musk's purchase of Twitter could inspire other influential figures to challenge tech giants' control, with potential implications for government regulation, public discourse, and social media's future.
Elon Musk's unexpected purchase of Twitter could mark a turning point in the fight against censorship and control in social media. Musk, known for his business acumen and innovative spirit, has been seen as an unlikely champion for free speech. His move into media ownership comes after years of observation and planning, and could inspire other influential figures to take a stand against the power of tech giants like Twitter and Facebook. The potential implications of this shift in power dynamics are significant, with potential repercussions for government regulation, public discourse, and the future of social media as a whole. The conversation also touched on the surprising value of vintage basketball cards and the excitement surrounding Musk's unexpected acquisition.
Unexpected collaborations in basketball card collecting: Renowned rapper Drake's search for a special LeBron James card led to a public 'case war' with a card influencer, resulting in an in-person meeting and the discovery of a Michael Jordan rookie card.
The world of basketball card collecting, even with modern products like the 2020 Panini Flawless basketball, can bring together unexpected collaborations and generate significant excitement. Drake, a renowned rapper, and a card collector, spent hours with a card influencer, Ken Golden, opening packs in search of a special LeBron James card. This hunt led to a public "case war" on Instagram live, where Drake and Ken each opened a box and the better cards determined the ownership of the other's box. The event gained massive attention, but the true excitement came when Drake visited Toronto to open packs in person, with Ken surprising him with an 86 FLIR box containing a Michael Jordan rookie card. The fragility and potential high value of these packs made Drake hesitant to open them himself, but the desire to share the experience with fans ultimately led to the moment of revelation. This story demonstrates the unique blend of passion, collaboration, and excitement that can occur in the world of basketball card collecting.
The first NBA basketball card collection, 'World's Finest,' released in 1984, contains valuable cards like Michael Jordan's rookie card.: The first major basketball card collection, 'World's Finest,' holds valuable cards, especially graded versions of iconic players' rookie cards.
The first NBA basketball card collection, "World's Finest," which was released in 1984, contains valuable cards of iconic basketball players like Michael Jordan, Patrick Ewing, and Charles Barkley. The Michael Jordan rookie card from this collection is particularly noteworthy, with a PSA 10 graded version selling for up to $325,000. The rarity of some common cards, like Johnny Moore, can also make them valuable if they are graded in a perfect condition. Ken, the collector, was hooked on cards after buying a pack in Germany during the 1990 World Cup and later signed an exclusive contract with Shaquille O'Neal, preventing him from appearing on any cards until January 1, 1993. This story highlights the significance of the first major basketball card collection and the potential value of rare and graded cards.
The Value of Basketball Cards: A Million-Dollar Hunt: Rare basketball cards, especially those featuring LeBron James, can be worth millions. Collectors search for valuable cards in unopened boxes or specific cards based on rarity and grading.
The value of trading cards, specifically basketball cards, can be significant. This was exemplified in a story shared about the invention of the redemption card, which was the first in history and allowed collectors to receive a card of Shaquille O'Neal by sending in a coupon. The value of some cards, such as those featuring LeBron James, can reach millions of dollars, making the hunt for unopened boxes or specific cards an exciting and potentially lucrative pursuit. For instance, a box of 2003 Topps Chrome NBA basketball containing LeBron James' rookie card could be worth upwards of $25,000. The rarity and grading of the cards play a crucial role in their value, and the excitement surrounding the potential discovery of valuable cards drives the collectors' market.
Investment-grade trading cards of all-time great athletes are valuable assets: Investment-grade trading cards of all-time great athletes, such as Honus Wagner's 1909 T206, Mickey Mantle's 1952 Topps, and Mike Trout's 2009 Superfractors, have sold for millions and have a proven track record of increasing in value.
Trading cards, specifically ultra high-end trading cards of all-time great athletes, are serious collectibles with significant value. Cards like Honus Wagner's 1909 T206, Mickey Mantle's 1952 Topps, and Mike Trout's 2009 Superfractors have sold for millions of dollars, making them comparable to art, precious metals, and stocks. The scarcity and desirability of these cards, often due to historical significance or unique features, have led to consistent price increases, with no recorded instance of a loss in value. The mass-produced cards sold in stores today are not the same investment-grade cards being discussed. For instance, Pat LaFontaine set a record for the highest price hockey card ever sold, which was later resold for over $3.5 million. The buyers of these cards often invest in shares of the cards through companies, and even legends like Wayne Gretzky have shown interest. The history of these cards shows that they are not just toys or novelties, but valuable assets with a proven track record of increasing in value.
From hobby to commodity: The evolution of the sports card market: The sports card market has evolved from a niche hobby to a legitimate commodity, with authentication and grading companies, online platforms, and fractional ownership models transforming the industry and attracting a global audience.
The sports card market has evolved significantly over the years, with key turning points being the creation of authentication and grading companies like PSA and the advent of online buying and selling platforms. These developments have transformed the market from a niche hobby to a legitimate commodity with global appeal. Initially, buyers relied on the expertise of non-professional collectors like the speaker, who graded cards based on their own eyes. However, with no independent grading authority, there was a risk of purchasing counterfeit or forged cards. PSA addressed this issue by providing an authentication service and establishing a grading scale, allowing people to buy and sell cards sight unseen. This paved the way for the commoditization of sports cards, enabling large-scale investments from hedge funds, mutual funds, and foreign buyers. More recently, companies like Rally and Collectible have introduced fractional ownership models, allowing individuals to invest in high-value collectibles without having to purchase the entire item. This has further democratized the market and attracted a new wave of investors. Overall, the sports card market has seen tremendous growth and transformation, with collectors, investors, and even foreign buyers now playing a significant role.
Trading card market growth fueled by Rally and institutional investors: Rally's platform for buying shares in individual cards drives up demand and prices, while mutual funds and hedge funds invest in trading cards as an alternate asset, contributing to market growth.
The trading card market has experienced significant growth in recent years, with some cards increasing in value by a factor of four or more. Rally, a platform that allows users to buy shares in individual cards, has played a role in this growth by increasing demand and driving up prices. Mutual funds and hedge funds are now investing in trading cards as an alternate asset, further fueling the market's growth. As for personal collections, some individuals have pieces they would never sell, such as a Yankees Rolex watch or Babe Ruth's bat from 1927. These items hold sentimental or historical value that outweighs any potential financial gain.
Trading card quality declines due to demand and production challenges: Despite challenges in maintaining quality, trading card companies prioritize sales and revenue, leading to an increase in imperfect cards. Collectors still value high-quality cards, emphasizing the importance of quality control and customer service.
The quality of trading cards, particularly high-end cards, has decreased significantly due to the overwhelming demand and production challenges faced by trading card companies like Panini. This has resulted in an increased number of imperfect cards being produced and sold. The issue is further compounded by athletes mishandling signed cards during the signing process, leading to additional dings and imperfections. However, it's important to note that there's no evidence to suggest that companies like Panini are intentionally producing poor quality cards out of spite for losing their licensing to competitors. Instead, they're focused on maximizing sales and revenue while they still have the license. The decline in card quality is likely a byproduct of the industry's rapid growth and the challenges that come with meeting the increased demand. Despite these challenges, collectors continue to value and seek out high-quality cards, making it essential for companies to prioritize quality control and customer service to maintain their reputation and customer base.
Investing in Collectibles: Pokemon Cards, Comic Books, and More: Collectibles like Pokemon cards and comic books hold value due to their wide appeal and constant demand, with potential investments including rare items and undervalued legends.
Collectibles, specifically Trading Card Games (TCG) like Pokemon and Yu Gi Oh, and comic books, are valuable investments due to their worldwide appeal and constant replenishing of potential buyers. The speaker, who is a collector himself and has connections in the industry, uses the example of a rare Pokemon card sold for millions and the potential value of a 13-year-old's 2016 Tatis autograph as evidence. He also mentions his belief in the undervaluation of certain collectibles, such as Willie Mays and Babe Ruth, and warns about the potential overvaluation of basketball players with limited NBA experience. Overall, the speaker emphasizes the potential for long-term gains in these collectible markets.
Investing in sports cards: Older cards undervalued, newer ones risky: Older sports cards of baseball, football, basketball legends are undervalued. Newer cards, especially ungraded ones, can be overvalued and risky. Vintage sealed wax products are a good investment due to their finite supply.
Investing in sports cards, especially for less established players or ungraded base cards, can be risky and may result in overvaluation at the beginning of a product cycle, only to see prices decrease later due to increased supply. Older cards, particularly those of baseball legends like Babe Ruth and Willie Mays, as well as football and basketball icons, are often undervalued compared to their modern counterparts. Soccer cards, such as those featuring Messi and Ronaldo, have shown remarkable return on investment in recent years. As for individual players like Zion Williamson, it's recommended to hold onto existing cards and wait for their performance before making additional purchases. Additionally, vintage sealed wax products, which have a finite supply due to the grading process and the opening of new boxes, can be a good investment.
Investing in Modern Basketball Cards: High Risk, High Reward: Modern basketball cards offer potential for high returns due to limited variations and grading services, but involve significant risks and costs.
Investing in basketball cards, particularly modern ones, can be a high-risk, high-reward venture. Unlike vintage cards where every box contains the same version of a player's card, modern cards have variations with limited quantities, making some extremely valuable. For instance, finding a one-of-a-kind rookie card can lead to a significant financial gain. However, the market is heavily backed up with grading services like PSA, which can significantly delay the process and increase costs. Despite these challenges, some investors are getting rich by being smart or lucky, as some cards can increase in value exponentially. While vintage cards may appreciate slowly, modern cards have a higher potential for substantial returns. It's essential to understand the risks and potential rewards before investing in basketball cards.
Trading Cards: A Lucrative Asset Class and Form of Entertainment: Trading cards have grown from a niche hobby to a popular and lucrative asset class, attracting celebrities, athletes, and investors, with potential financial gains and the ability to influence outcomes, and has become a form of entertainment with large audiences and industry partnerships.
The trading card market has evolved from a niche hobby to a popular and lucrative asset class and form of entertainment, attracting the attention of celebrities, athletes, and investors alike. The appeal lies in the potential financial gains, as well as the ability to use expertise and knowledge to influence the outcome, much like sports betting, but with more control and direction. Additionally, the breaking and trading of cards has become a form of entertainment, with large audiences watching live streams and videos, and companies like Fanatics gaining massive investments and industry partnerships. The market's growth and the involvement of various entities indicate its legitimacy and potential for continued growth.
Investing in Collectible Cards: A Lucrative but Unconventional Opportunity: Expertise and passion are key in collectible card investing. Consider fractional shares or funds, and be aware of risks like damage or loss. Vaulting services can help secure physical cards.
Collectible cards, particularly sports cards, can be a lucrative investment opportunity. However, unlike traditional stocks or index funds, there isn't a readily accessible index for individuals to invest in. Instead, those interested in this type of investment can consider buying shares of individual cards through fractional share companies or investing in funds specifically for collectible cards. Ken Gold, a successful entrepreneur in this niche, emphasizes the importance of expertise and following one's passion, even if it seems unconventional. As with any investment, there are risks involved, such as potential loss or damage to the physical cards. To mitigate this, some companies offer card vaulting services to securely store collectible cards. Ultimately, whether or not investing in collectible cards is right for you depends on your personal interests, risk tolerance, and investment strategy.
Digitize, insure, and manage collectible card investments: Secure vault services like Golden help collectors digitize, insure, and manage their collectible card investments, making it easier to buy, sell, and store cards while offering tax savings and theft protection.
Collectible card investing has become a popular alternative asset class for individuals looking to diversify their investments beyond traditional stocks, bonds, and real estate. With the help of secure vault services like Golden, collectors can digitize, insure, and manage their collections, making it easier to buy, sell, and store cards. These services offer added benefits such as tax savings and protection against theft or damage. However, it's essential to understand that investing in collectible cards is not for everyone. Those who prioritize having cash on hand for necessities should avoid this investment route. On the other hand, individuals with a solid financial foundation and a desire to expand their asset classes may find collectible cards an attractive option. The market offers a wide range of collectibles, from affordable options to high-value, six-figure items, catering to various levels of investment. Ultimately, the decision to invest in collectible cards should be based on personal financial circumstances and investment goals.
Basketball card collecting during financial crises: Collecting rare basketball cards, like rookie cards of future hall of famers, can provide financial rewards during economic downturns. Handle cards carefully to maintain value.
During financial crises, some individuals see opportunities to buy stocks at lower prices and benefit from their appreciation when the market recovers. In the context of basketball card collecting, the excitement lies in the potential discovery of rare and valuable cards, such as rookie cards of future hall of famers. The value of these cards can significantly increase over time. Collectors handle the cards carefully to maintain their condition and value, avoiding damage from fingerprints and other mishandling. The 2003-04 Upper Deck Exclusives basketball card box, specifically, contains a guaranteed rare "x factor" card, adding to the excitement and potential financial reward for collectors.
Discovering the value of underrated basketball cards: Unexpected finds like Kwame Brown's refractor card and Tracy McGrady's game-worn jersey card demonstrate the potential value of underrated basketball cards. Limited-edition types like black refractors also add to the excitement and potential rewards of collecting.
The world of basketball card collecting is full of surprises and potential valuable finds. During a discussion about a particular set of cards, the group discovered several underrated players whose cards had significantly increased in value over the years. For instance, Kwame Brown, a player who was once irrelevant, now has a highly sought-after refractor card. Similarly, Tracy McGrady's game-worn jersey card, limited to just 25, could potentially fetch a high price. The group also discussed the rarity and value of certain types of cards, such as black refractors, which are limited in production and highly coveted by collectors. Overall, the conversation highlights the excitement and potential rewards of basketball card collecting, as well as the importance of staying informed about the market and the players.
Basketball Card Collector's Excitement: Collector shares excitement over pulling a Kobe Bryant rookie card, discusses value and rarity of refractor cards, and reminisces about nostalgia of hobby.
The speaker in this conversation is an avid collector of basketball cards, particularly focusing on rookie cards and refractor cards. He shared his excitement about pulling out a Kobe Bryant card from the pack and discussed various other cards he had in his collection, including Jamal Mashburn, Brian Grant, Zaza Pachulia, and Reggie Miller. He also explained the significance of refractor cards and how to identify them by their chrome finish. The conversation also touched upon the value and rarity of these cards, with some sets being highly expensive and difficult to complete. The speaker also mentioned his nostalgia and enjoyment in the hobby, reminiscing about his old days of collecting.
NBA Players with Undervalued Basketball Cards: Ja Morant, Luca Doncic, Jokic, Embiid, and Tatum are top NBA performers with undervalued basketball cards, while Harden's cards are not as popular as his talent warrants.
There are several NBA players whose basketball skills and potential value in basketball card grades are not fully reflected in their card prices. Ja Morant and Luca Doncic are currently performing exceptionally well and have seen their card prices rise. Jokic, Embiid, and Tatum are also standout players who may be undervalued. Harden, despite his impressive career accomplishments, is an example of a player whose cards are not as popular as his talent warrants. Embiid and Jokic, in particular, are interesting cases as they are not only top performers but also reigning MVPs, yet some of their cards are underpriced. Additionally, the conversation touched on the excitement of collecting basketball cards, particularly with family, and the like.
Opportunities and Challenges for the Sports Collectibles Industry with Fanatics' Monopolistic Control: Fanatics' direct-to-consumer sales could lead to affordable prices and better quality products, but monopolistic control over licenses may limit competition and innovation, and potential risks include a decrease in demand for out-of-production collectibles.
The Fanatics deal in the sports collectibles industry could lead to more affordable prices for consumers and better quality products, as Fanatics aims to cut out middlemen and sell directly to consumers. However, there is a potential downside as Fanatics' monopolistic control over licenses could limit competition and innovation. Additionally, the industry could face challenges if there's a sudden decrease in demand for out-of-production collectibles, but the existing supply should mitigate this risk. Overall, the Fanatics deal presents opportunities and challenges for the sports collectibles industry.
Factors influencing collectible market beyond intrinsic value: Athletes' public image and card manufacturers' production levels can impact the collectible market. Controversial figures' novelty may fade, but selling large collections requires finding the right marketplace or auction house.
The collectible market for sports cards and other memorabilia can be influenced by various factors beyond the intrinsic value of the item itself. Two major risks for the market are athletes putting themselves in disfavor with the public and card manufacturers overproducing. The novelty of collectibles associated with controversial figures, such as O.J. Simpson, can fade over time. When it comes to selling a large collection, such as an entire base set of 1st edition Pokemon cards, it's essential to find the right marketplace or auction house to maximize exposure and ensure a secure transaction. For example, specialized auctions catering to specific collectibles, like Pokemon, can attract a larger, more interested audience. Additionally, the UFC trading card market is rapidly growing, and it could be a promising investment opportunity. In the case of athletes, like Aaron Rodgers, their cards might be undervalued due to external factors, but their long-term legacy and achievements could lead to increased demand and value in the future.
NFL Dynasties and Sports Memorabilia Risks: Unexpected NFL stars challenge established dominance, while sports memorabilia investments come with risks and uncertainties.
The NFL landscape is constantly evolving, and unexpected talents like Josh Allen, Justin Herbert, and Joe Burrow can challenge the dominance of established stars like Patrick Mahomes and Tom Brady. Mahomes, despite his impressive performances and multiple MVP awards, may face tougher competition in the coming years. Meanwhile, collectors face risks when investing in sports memorabilia, as seen in the Tom Brady's last touchdown pass controversy. The value of collectibles can fluctuate significantly, and buyers should be cautious and well-informed before making large investments. The conversation also touched upon the impressive careers of basketball greats Michael Jordan, LeBron James, and Kobe Bryant, with Rogers mentioned as a potential addition to this elite group. The discussion concluded with the announcement of upcoming guests on the show, including Marvin Farley, Kevin Farley, Dave Rubin, and Joe Jorgensen, as well as the Bitcoin week in Miami featuring several high-profile speakers.
