Sports Card Asset Allocator

Helping you think about how to incorporate investing in sports cards into your portfolio.

[Sports Card Asset Allocator @SportsCardAA]

Welcome to the Sports Card Asset Allocator Newsletter https://t.co/WsXk7dnyYi

[Wyatt Cavalier @itiswyatt]

🚨 Calling all sports card gurus. 🚨

Sentiment check...

Are we in a new Junk Wax Era?

Pls RT far and wide to get as much input as possible.

[Sports Card Asset Allocator @SportsCardAA]

@itiswyatt @SahilBloom @OnRallyRd My main curiosity is if, in the future, this remains based on sports cards (or other physical assets) or if it turns into an exchange based on interest in players without it being based on a physical asset (i.e. shares in a Trout Index rather than shares in a Trout rookie)

[Sports Card Asset Allocator @SportsCardAA]

@itiswyatt @OnRallyRd @SahilBloom Great point (& I think your content is helping a lot with filling that hole). Curious to see how trust is built, especially given target customers will likely go from retail 1st, then institutional, rather than vice versa, which is how many researchers went for traditional assets

[Sports Card Asset Allocator @SportsCardAA]

@michaelsidgmore @itiswyatt @JoePompliano That S / D dynamic is definitely key, and where the fractional space can have an interesting impact - natural scarcity of X player’s rookie card drives up price, while also allowing more people to get in as fractional owners. That increased participation is good for the hobby IMO

[Sports Card Asset Allocator @SportsCardAA]

@rookieholic @itiswyatt @michaelsidgmore @JoePompliano I honestly don’t know enough to comment - I have seen the sales pop up on my feed but haven’t done the research yet to know enough about what’s going on and how they’re transactable

[Sports Card Asset Allocator @SportsCardAA]

@itiswyatt @michaelsidgmore @JoePompliano I think that’s totally fair (and what I hope happens as a way to help people diversify). I think it will be fascinating to see a year from now how much this boom in cards triggers crossover interest into art, etc that have similar characteristics - hoping you’re right!

[Sports Card Asset Allocator @SportsCardAA]

@VintageCardsOn1 Sure - here it is!

[Sports Card Asset Allocator @SportsCardAA]

@itiswyatt @michaelsidgmore @JoePompliano Totally agree the level of access & ancillary services make it A TON easier for more people to get involved, which is great - I just am curious if people are going to behaviorally maintain faith in the asset class when it doesn’t just go straight up, as it has over the last year

[Sports Card Asset Allocator @SportsCardAA]

@DCLBlogger What do you mean Alts down 90%? VC/PE/HFs are the alts with the most $ behind them by far and none of them were even in the remote ballpark of being down 90%

[Sports Card Asset Allocator @SportsCardAA]

@DCLBlogger There was no bear market then - the bull market lasted between 2009 and 2020

[Sports Card Asset Allocator @SportsCardAA]

@DylanDittrich Totally agree - that makes quality (in terms of condition, brand, etc) even more important when collecting modern stars vs vintage

[Sports Card Asset Allocator @SportsCardAA]

I’m a little tired of people saying “I can’t believe a piece of cardboard is worth $5.2m” in reaction to the ‘52 Mantle sale. That’s like saying a piece of art is “a piece of canvas worth $x million”... It actively belittles the value when you know it’s worth more than that

[Sports Card Asset Allocator @SportsCardAA]

@MTTrading2 Yeah totally agree - the biggest narrative to me by far is that removing the top cards in the hobby takes returns below the opportunity cost

[Sports Card Asset Allocator @SportsCardAA]

@MTTrading2 Ah interesting - definitely a good trend for cards over the last 3 months but the success is still being carried by the cards at the top of the industry, so the trend seems similar

[Sports Card Asset Allocator @SportsCardAA]

Talked about the @PWCCmarketplace Index @JoePompliano cited in this chain in the most recent SCAA newsletter below - some vintage cards can be great investments, but not all of them are a guaranteed success as some suggest

https://t.co/Vgh8DRipUy

[Joe Pompliano @JoePompliano]

A piece of cardboard sold for $5.2 million this week.

The craziest part?

"It was a steal."

Time for a thread 👇👇👇