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Sports memorabilia

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A collection of autographed American football memorabilia

Sports memorabilia are collectables associated with sports, including equipment, trophies, sports cards, autographs, and photographs. A multi-billion-dollar industry has grown around the trading of sports memorabilia.[1][2]

Monetary value

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Items that have been in direct contact with a famous athlete can have significant monetary value. Game-used items such as a ball Mark McGwire hit for his 70th home run of the 1998 season, sold for $3 million.[3] The most expensive piece of sports memorabilia ever sold was a New York Yankees baseball jersey worn by Babe Ruth during his 'called shot' game in the 1932 World Series. It sold for $24.12 million in 2024.[4] In 2016, the ten most valuable sports cards and memorabilia sold for a record-setting combined $12,186,294.[5] The highest price fetched for an association football shirt is $224,000. The shirt belonged to Pelé, who wore it during the 1970 World Cup final in which Brazil went on to win.[6] Collectors of sports memorabilia may seek to authenticate items to prove their veracity. Autographed items are nearly always more valuable than non-autographed items.[7]

Sports memorabilia items are considered good investments by collectors, as the industry and prices of items grow rapidly.[8]

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Pin trading at the 2012 London Olympics

In the sports memorabilia industry, there are two main focuses of collectors: autographed cards and tickets, and used clothing and equipment. Signed cards and tickets are preferred in pristine condition, while used uniforms are considered to be more desirable when they are unwashed, as stains from dirt, grass, blood, and sweat add value. Unique or odd items are also highly collectible, and items such as hair, floorboards, and chairs from stadiums have sold for large quantities of money.[2] "Rookie" memorabilia, meaning items from an athlete's first year as a professional player, are valued by collectors. Rookie cards are often considered by collectors to be the most desirable kind of trading cards.[8]

At the Olympic Games, there is a thriving market for collectible lapel pins. Various pins representing media organizations, sponsors, athletes, nations, and mascots are distributed, and athletes and attendees often engage in pin trading amongst themselves to collect them. The tradition began at the 1896 Summer Olympics in Athens, where cardboard pins were worn by coaches, athletes, and reporters for identification.[9][10] Some pins have become highly coveted by collectors, including a pin from the 2016 Summer Olympics featuring an image of Pikachu[11] and a pin from the 2024 Summer Olympics featuring an image of Snoop Dogg.[12][13]

See also

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References

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  1. ^ David Seideman (September 19, 2018). "Tech Entrepreneur Determines First Estimate Of U.S. Sports Memorabilia Market: $5.4 Billion". Forbes.
  2. ^ a b Binkley, Christina (2023-07-30). "How Sports Memorabilia Exploded Into a Booming Billion-Dollar Business". Robb Report. Retrieved 2024-08-21.
  3. ^ "McFarlane Paid $3 Million for McGwire's 70th Home Run Ball - The Tech". tech.mit.edu.
  4. ^ "Ruth 'called shot' jersey sells for record $24.12M". ESPN.com. 2024-08-25. Retrieved 2024-08-26.
  5. ^ Seideman, David (December 29, 2016). "In 2016 The Top 10 Most Valuable Sports Cards And Memorabilia Commanded A Record $12 Million+". Forbes. Retrieved 24 April 2017.
  6. ^ "Pele's shirt goes for record". The Telegraph. 2002-03-27. Retrieved 2024-08-21.
  7. ^ Coffey, Brendan (2023-12-20). "What Is a Collectible? Sports Memorabilia Interest Surges". Sportico.com. Retrieved 2024-08-21.
  8. ^ a b "Buyer's Guide to Sports Memorabilia". Value My Stuff. 2024-08-21. Retrieved 2024-08-21.
  9. ^ "Pin-demonium hits Paris: Inside the pin-trading market at the Olympics". AP News. 2024-08-02. Retrieved 2024-08-21.
  10. ^ Chou, Kathryn. "Pin trading is a huge deal at the Olympics — here's what you should know about the 122-year-old tradition". Business Insider. Retrieved 2024-08-21.
  11. ^ Vanhemert, Kyle. "Inside the crazy world of Olympic pin-trading, where everyone wants the Pikachu pin". Wired. ISSN 1059-1028. Retrieved 2024-08-21.
  12. ^ "Snoop Dogg's Olympic pin is what everybody in Paris wants". EW.com. Retrieved 2024-08-21.
  13. ^ Bumbaca, Chris. "Snoop Dog's pin is Paris Olympics' hottest item. Even he doesn't know where to find one". USA TODAY. Retrieved 2024-08-21.
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