Most people think of sports cards as one of two things: a hobby for little boys who love sports heroes or a form of investment taken seriously by grown men. Neither is entirely accurate.
First, people of any gender can collect cards. Second, adult collectors get as much joy as they do potential profit when they buy cards representing their past and current favorite players.
There is also a misconception that collecting sports cards is a dying hobby as children gravitate to video games and social media, while adults seek out cryptocurrencies or even tokens. non-fungible (NFT) endorsed by riskier athletes. While card collecting has had its ups and downs as a hobby and an investment for generations, the popularity and value of cards, boosted by the pandemic, has skyrocketed in recent years.
Midwestern Maps delved into the history of sports cards by researching news stories, historical summaries and more to provide insight into the past, present and future of this burgeoning industry. The collectible card category grew by 142% in 2020, according to eBay. Additionally, the value of the global sports card market is expected to grow from nearly $14 billion in 2019 to $98 billion in 2027— an average annual growth rate of 23% — according to a 2021 report by Research and Markets.