The market for sports memorabilia and collectibles has grown rapidly during the pandemic, and is currently a $10billion industry and our guest today is at the centre of it.
Ken Goldin is founder of Goldin Auctions which was recently the subject of $40million dollar investment from The Chernin Group and a number of celebrities from across sports and entertainment. Peter Chernin, an investor in Barstool Sports and the Action Network, led the round, accompanied by Dallas Mavericks owner Mark Cuban, NBA stars Kevin Durant and Dwyane Wade, NFL star Deshaun Watson, internet celebrity Logan Paul and media star Bill Simmons.
Founded in 2012, Goldin Auctions has become one of the largest auction houses for sports collectibles, trading cards and memorabilia. The company grossed $800,000 in its first year, and more than $100 million in 2020. To date, it has overseen more than $300 million in sales.
We talk about the market for nostalgia, and the future of the industry, and specifically the rise of crypto assets and digital memorabilia such as NBA Topshots and other Non Fungible Tokens, or NFTs.
What’s the value of this new asset class, how’s it going to evolve and what happens when every sports team and league floods the market with their own branded trading products. If anyone in the world knows the answer to that, it’s Ken Goldin.
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