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Saturday, February 24, 2024
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Mets Owner Buys Sports Memorabilia Giant

  • A group co-owned by New York Mets owner Steve Cohen acquired Goldin Auctions.
  • Collectors Holdings now owns the auction house for trading cards and other sports collectibles.
MLB/Design: Alex Brooks

Collectors Holdings, a group co-owned by New York Mets owner Steve Cohen, has acquired Goldin Auctions — an auction house for trading cards and other sports collectibles. 

The acquisition will help Goldin compete with other sports collectible companies like Topps, which reported $166.6 million in sales for its fiscal quarter ending April 3.

Topps expects 2021 sales to range between $740 million and $760 million.

The sports memorabilia industry is worth an estimated $15 billion year — Goldin is one of the space’s leaders. 

  • Goldin raised $40 million in a February round led by The Chernin Group that included Kevin Durant, Dwyane Wade, Mark Cuban, and Bill Simmons. 
  • Goldin broke its annual sales record only three months into 2021, reaching $100 million by March. 

Collectors Holdings was founded with the initial purpose of purchasing Collectors Universe, owner of trading card grader PSA.

Earlier this year, Cohen, along with hedge-fund billionaire Dan Sundheim and sports card collector Nat Turner, took Collectors Universe private at an $853 million valuation.

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