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.