Kevin O’Leary says he bought for $13 million

Canadian investor Kevin O’Leeri revealed on CNBC on Monday that he was one of the three buyers to snap the record-bracing coeobe Bryant and Michael Jordan Sports Card at the auction in the weekend.

The card, a signed collectible for both NBA legends, was sold in approximately $ 13 million, which crosses the previous record for the most expensive trading card sold in the auction, the tops of 1952 Mickey Mental #311, which went to $ 12.6 million in August 2022, which went into $ 12.6 million in August 2022, According to auction house heritageWho sold both cards.

After the completion of the Bryant-Jordan sales, the buyers remained anonymous. O’Leeri told CNBC that he bought the card with two other investors, Matt Alan and Paul Warshaw to create a syndicate and avoid competition.

“We bought it together, yes, we did,” O’Lery said on the “squalk box” on Monday, the three got together on zoom calls to buy the card. “I am very proud to own it.”

Sports are collections Getting steam in recent yearswith Notable jersey More more Individual watches of athletes Coming on the block and bringing millions. The Bryant-Jordan card had signs of NBA Uniform logo and both players and came for sale on the birthday of the late Bryant.

O’Leeri said that he does not believe that the card will come back to the market again during his lifetime.

“This is going to be a part of an index that I have been growing with my colleagues,” he said. “We do not see it separate from our bitcoin holdings, our ethrium holdings, our gold holdings.”

He said that he believes that sports card trading is inspired by only 1% wealth, such as art trading, saying that it is “institutional” in nature.

“This is not different from collectable watches,” he said. “It is so rare that prices keep appreciating, and they defy the recession.”

O’Lery said that he owns this asset class for a few years and he has been adding Saturday’s card to a host of other basketball cards that he is already.