Most baseball fans can only dream of owning a rare Babe Ruth playing card, but now they can at least buy shares in one.
An anonymous buyer who recently purchased a Baltimore News pre-rookie 1914 Babe Ruth card is selling 20,000 shares at $3 a piece through memorabilia platform Collectable.
The card, which will be displayed at the Babe Ruth Museum in Baltimore, is valued above $6 million, making it the largest individual card purchase in history. There are fewer than 10 copies of the 107-year-old Ruth card in existence.
- The previous record was shared by two legends from different eras and different sports: a 1952 Topps Mickey Mantle card and a 2003-2004 LeBron James Rookie Patch Autograph card both sold for $5.2 million.
- Those two passed the previous record set earlier this year by a unique Luka Doncic Logoman Autograph card, which sold for $4.6 million.
Collectable announced a $5.5 million fundraise on May 26 led by Amplo, Bain Capital Ventures, and Fifth Down Capital, bringing its total raised to $7.6 million. It is one of a small number of platforms that offers fractional investing in collectables.
Rally, which allows users to buy shares in sports memorabilia, vintage cars, comic books, and other collectables, has raised $109.1 million to date.