News The baseball card market is booming thanks to COVID-19

The baseball card market is booming thanks to COVID-19

Forget stock market anxiety, savvy investors are looking for Mickey Mantle.

Baseball cards are a safe, reliable way to expand your investment portfolio, according to a new report, reported the Daily Mail.

And it’s about blue-chip names like Yankee legend Mantle.

In 1988, a Mantle rookie card sold at auction for only $ 3,300 – 30 years later, the price of a Mantle rookie in mint condition jumped to as much as $ 2.8 million. according to the PWCC Marketplace.

“The market is just on fire,” PWCC Director of Business Development Jesse Craig told DailyMail.com. “We are very fortunate to be in the industry we are in right now during a pandemic and still thriving.”

Part of the steady market is the fact that cards have a limited supply and have great emotional value – so there will always be demand, and the blue-chip cards have steadily surpassed blue-chip stocks.

PWCC’s index of the top 500 cards based on auction prices has a return on investment (ROI) of 216% compared to just 135% for the S&P 500 since 2008, according to the Daily Mail.

And the market picked up speed this year, especially due to COVID-19.

“I think it was a kind of perfect storm this year with coronavirus,” Craig told the Daily Mail. “Everyone sits at home with time on their hands. … They began to go through their old things, gained new strength, began to be more attentive. “

But not everyone is equally bullish.

“I do not think sports cards are a safer bet than the stock market or Wall Street,” entrepreneur and author Gary Vaynerchuk told Mail. “I believe that in super-premium, top 3% of sports cards, they will surpass the stock market in the coming decades. … I think the lack of super-premium cards [with] less than a thousand in a perfect classification fall or production – are very, very attractive works of art that have great potential to surpass blue-chip stocks. ”

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