Sixteen-year old Andrew Park sold a basketball trading card of Giannis Antetokounmpo for $1.8 million in 2020.teamed up with collector Nat Turner on a $700 million deal to take the collectibles authentication company Collectors Universe private. The company said that its shares tripled this year, as more people began to buy collectibles.
Nostalgia holds both emotional and financial value. Over time, many childhood items become hard to find, which also increases their investment value, Rob Petrozzo, cofounder and chief product officer of, previously told Insider. Interest in buying and investing in toys has also risen as an asset class that shows better yields and is more interesting than standard investment funds, he added.
"There's this emotional connection and passionate investment from something that you recognized from childhood or from a good moment in your life," Petrozzo said. "The same collectors who are buying mint-condition cards might now be sitting on a $20,000 or $30,000 Hulk Hogan card." Consumers are also nostalgic for luxury retail and are snapping up vintage finds.
Consider the obsession with pre-millennium Patagonia fleeces. Scarcity is driving these to fetch up for as much as $1,000 on eBay,"There's definitely a hype aspect to it," Kelsey Silverstein, who runs vintage outdoor clothing store Orbital Outdoors, told The Journal. "People are looking for what's really hard to get." Christie's is offering a collection of
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