When thinking about the most expensive sports card in the world, people would expect to see someone like LeBron James or Mickey Mantle on it. But the title still goes to baseball legend slash mythical figure Babe Ruth, the long-time sports card king. An epic Babe Ruth card is expected to trump every other piece to ever exist thus far.
Collectable is excited to announce that we will be offering shares of 1914 Baltimore News Babe Ruth pre-rookie card valued at over $6 million! Head over to our website to watch the press conference LIVE from Baltimore! https://t.co/kVBWAkgkBX #BabeRuth #CollectableApp pic.twitter.com/JKufBLZjAI
— Collectable (@CollectableApp) June 2, 2021
Last Wednesday, an SGC 3 1914 Babe Ruth baseball card was sold to Collectable by an unnamed individual for $6 million. The sports memorabilia investment platform added that this purchase has now broken the record for the most expensive card ever.
Previous holders of the said record included a 1952 Mickey Mantle card and a 2003 LeBron James Exquisite Rookie Patch Autograph. Each of these cards sold for $5.2 million.
This item, meanwhile, features Ruth in a Baltimore Orioles uniform when he was playing in the minor leagues. At the back, it lists the baseball legend as a pitcher for this team back then. Furthermore, less than 10 copies of this card are known to exist, making it one of the top grails for baseball aficionados.
In a statement, Collectable CEO Ezra Levine announced that the SGC 3 1914 Babe Ruth card, will be available for card enthusiasts to co-own via an Initial Public Offering. The IPO of this item will issue 20,000 shares with each share valued at $3.
As of now, the Babe Ruth card in question is being held in the Babe Ruth Museum, Baltimore. It will be displayed for collectors and sports fans to see in person. Hopefully, a good chunk of its $6 million valuation goes to security.
With this sale and its impending IPO, the card market has taken a leap to a whole new level. It won’t be long now before this $6 million record is broken. Until then, this piece of Babe Ruth memorabilia is at the top of the sports card mountain.