Alright so not every piece of sports memorabilia is going to make you rich. Of course there are the rare collectibles in circulation worth millions, like Babe Ruth’s All Star Game homerun ball or Lou Gehrig’s farewell uniform, but the number of collectors out there is what’s making collecting a hot market. And with currently the highest volume being bought and sold, sports collectibles are hotter than ever right now.
Sports memorabilia generates collective annual revenues of over $5 billion. Exercising extreme caution at your estate sale, enlisting the services of experienced estate professionals, will stop you from throwing thousands in profit out the window. Knowing what selling right now and getting a gage on the market will also help you optimize your return.
Based on the number of bids online and how quickly they are selling, there are quite a few collectibles even the most novice seller could depend to quickly moving. For example, the 1997 Michael Jordan Fleer ‘Decade of Excellence’ card is selling fast. If this is lying around your attic- hopefully well-protected- and you don’t have anything to do with, it’s good for a quick $20 online.
If you only want to gear your efforts and resources with the intent of landing bigger-ticket sales, the 1954 Hank Aaron Hall of Fame card is good for close to $800. And with about 50 bids every month, you are sure to generate some exposure and a possible bidding war pushing your net to over $1k. The same can be said for what’s among the most contemporary collectible; the 2011 Bowman Chrome Blue Refractor Bryce Harper card.
Sports memorabilia and collectibles make for a multimillion dollar annual business. So if you have an attic full of old sports cards or even autographed paraphernalia, you may want to reconsider tossing them in the trash as junk. Getting your items professionally appraised is imperative for sound financial decision making, especially in an ever changing market place.