Mickey Mantle card breaks record, as sports memorabilia soar

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Mickey Mantle card breaks record, as sports memorabilia soar
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Prices have risen not just for the rarest items, but also for pieces that might have been collecting dust in garages and attics.

NEW YORK — A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years.

Many of those items make it onto consumer auction sites like eBay, while others are put up for bidding by auction houses. Ivy said savvy investors saw inflation coming down the road — as it has. As a result, sports memorabilia became an alternative to traditional Wall Street investments or real estate — particularly among members of Generation X and older millennials.

“We’ve kind of started seeing some growth and some rise in the prices that led to some media coverage. And I think it all it all just kind of built upon itself,” he said. “I would say the beginning of the pandemic really added gasoline to that fire.” That lure of making money on something that might be sitting in one’s childhood basement has been irresistible, according to Stephen Fishler, founder of ComicConnect, who has watched the growing rise — and profitability — of collectibles being traded across auction houses.The Mantle baseball card dates from 1952 and is widely regarded as one of just a handful of the baseball legend in near-perfect condition.

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