Mr. wonderful from Shark Tank has reportedly purchased a $13,000,000 Jordan card, as well as showed off an expensive LaBuBu.
Will he be joining in the Pokemon craze?
Would you sell him your collection?
@tidaldreams Found a good source video:
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I miss the days when saying “I collect Pokémon” as an adult was considered odd. Now it’s mainstream. If a large investor group got into Pokémon, watch out. And by investor group I don’t mean someone who sold 1 BTC and bought Pokémon with it. I mean people with billions
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I’m sorry, a Louis Vuitton Labubu???
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Hey, anyone member that time this dude said it was great that 3.5 billion people lived in poverty?
I member lol.
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I watched a video where Rudy from MTG talked about all this stuff in depth. Basically just saying he was ‘amazed’ that no giant investment firms have cornered the collectibles market yet or bought out certain card(s), etc. If you think about the low pop of certain slabs/cards, it seems like it could be possible to really mess with things if you had the right money and people behind it all who had the money, knowledge, etc. I guess the only good news is, Pokemon and other hobbies do have a lot of ‘early adopters’ so to speak, and so the population of most cards is distributed and spread pretty evenly, and some may never go up for sale to begin with.
I think the only main reason this hasn’t happened is that it’s just such a new thing to consider a lot of these cards as possible ‘investments’. Obviously some were considered this way more than others even 20+ years ago, but now you got people really digging into these hobbies as an alternative asset class, much like artwork or other items, and many cards that weren’t even considered ‘cool’ have increasingly become potential investments beyond just having fun with it all.
To add to the point of this topic - Kevin O’leary has been a collector of things for a long time. Expensive watches, artwork, aged wine, gold, numismatics I know he has showed off, and probably a bunch of other stuff he hasn’t publicly revealed yet he’s got stored away.
Seeing him in the TCG/collectibles market doesn’t really shock me at all - but it could point to an increasing trend of the big money crew pushing more money into other assets and away from traditional investments, something that I believe will/would continue, especially among the younger generations who are mostly priced out of Real Estate, stocks, etc at this point in time.
EDIT: Managed to find the old Rudy vid.. it’s a long listen, but he goes into a lot of things that I feel are continuing to come true as time goes on:
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He’s the Deoxys of shark tank lmao absolutely not lol.
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Wow, I have never come across the word “numismatics”. Thanks for that. He also collects rare guitars.
I suspect mainstream crypto has reached some form of stasis, and collectibles have not. The tangible aspect, nostalgia, etc may carry more weight than a digital asset in the near term.
People are not very long on the USD and are seeking remedy for runaway inflation/devaluation. That train doesn’t seem to be stopping anytime soon.
Interesting times ahead.
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Let’s say he were too buy pokemon….
If he is as financially literate as he portrays, now would not be the time to buy.
As I assume he would not be ‘collecting’ [pokemon] for nostalgia, and I don’t think there are any pokemon items that would come close to his level of investments.
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Somebody sell him some disco prints.
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Sometimes it takes stupid prices to get the attention of people like him
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I don’t think market conditions matter as much for this level of investment. The strategy is more important, and the cards they are targeting are probably not whats trading at collectacon.
I don’t enjoy saying this, but Rudy & @eeveeteam are right, actual investment groups would completely change the landscape for rarer/scarcer cards. Kevin O’Leary would have probably scoffed at trading cards years ago, but crypto becoming so mainstream has helped people understand trading cards, as they are trade for the same reasons, scarcity & demand.
There are already some hints of this happening; I mentioned in patreon a group was looking to invest 500m into trading cards, pokemon being a portion of that total. This idea is still in its infancy.
Trading cards, like crypto are speculative investments. Crypto is helping the average person, or investor in this case become more aware of that risk. Its just a matter of time.
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Likely would just go for the most expensive cards in the hobby from the get go. PSA 10 Gold Stars, Charizards, Umbreons, Gengars and maybe some high grade trophy cards (doubt he’d know what these were but the $$$ value speaks for itself).
We’ve got wild times ahead in the coming years, boys!
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Each day we stray further from God’s light
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My fomo grows with each passing day
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Hopefully! 
All this bullshit better pay off one day.
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Psa 6? You can’t flex with that
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Just stay the fuck away from my PSA 7 binder cards and I will be fine.
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you can watch the interview and although he sounds confident the way he words things you can tell he has no clue what he is doing 
e.g. when in the interviewer asks him if he owns any other sports cards he states we do meaning the other two guys own lots of them but this $12M purchase is his first one
if he does come into the pokemangs it can only be good for sellers
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