Trading Up

by | Sep 1, 2022

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Sports is big business, even if you don’t play anything. I’m Brian Banmiller on Business.

Recently a mint condition mickey mantle baseball card sold for $12.6 million, the most amount of money ever spent on sports memorabilia. And experts say it’s a sign the market is becoming more lucrative. Recently items have sold in sports from soccer to boxing and all for more than five million dollars. And it’s not just the rarest items being snatched up, pieces that have been sitting in someone’s garage or attic, collecting dust are also bringing in some extra cash. Most of those smaller items are sold on auction sites such as eBay as opposed to the big auction house. The director of Sports Auctions at Heritage auctions says savvy investors saw inflation coming awhile ago. So instead of putting their money into wall street or real estate they turned to sports memorabilia. Especially during the pandemic when there wasn’t much else to do but clean out shelves and see what treasures you forgot about over the years. And take a good look, the market has grown to $26 billion. Brian Banmiller, CBS News.

Brian Banmiller

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.

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