Monday December 4, 2023

Late Doctor’s Sports Card Collection Fetches $21.5M

  • A public auction led to a doctor pocketing more than $21.5 million.
  • The auction was for his collection of sports cards and memorabilia.
Olivia Falcigno via Imagn/Design: Alex Brooks
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A Florida doctor’s collection of sports cards and memorabilia brought in more than $21.5 million at public auction, according to USA Today.

The late Dr. Thomas Newman’s collection included a 1933 Goudey Babe Ruth card that Newman purchased for $20,000 in the 1990s. 

The Ruth card went for for $4.2 million in the auction, per Memory Lane Auctions.

Analysts project that the sports card trading market will reach $98.75 billion by 2027. 

  • Blackstone bought a majority stake in Certified Collectibles Group this month, valuing the company at $500 million.
  • Collectbase completed a funding round led by PayPal cofounder and venture capitalist Peter Thiel shortly after.
  • Whatnot raised $50 million at a $500 million valuation in May.
  • Topps is going public via a merger with Mudrick Capital Acquisition Corp II, a blank-check company, valuing the company at $1.3 billion.

Earlier this year, a 1952 Topps Mickey Mantle card sold for $5.2 million — a record until an autographed Steph Curry card sold for $5.9 million last week.

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