Why investors spend millions of dollars on a single sports card

In 2020, over ten cards sold at public auction for more than $500,000 with one of those cards selling for nearly $4 million, the highest sports card ever sold. The value of sports cards has grown over the last decade and with the onset of the pandemic, values exploded. With prices so high and card companies aware of their past mistakes, Wall Street and Silicon Valley see investment opportunitities in this alternative asset.