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Benzinga
Benzinga
Business
Sarah Edwards

A Collector Just Struck Out on a Babe Ruth Rookie Card Sale — Losing $3.2 Million On What Could Be The Biggest Flop On Trading Card History

Milan,,Italy,,January,7,,2024:,Celebration,Of,Babe,Ruth

A recent swing and miss at auction, amounting to a near $3.2 million loss on the sale of a 1914 Baltimore News Babe Ruth rookie card, could be a sign of what's potentially ahead in the trading card industry.

The owner of the rare and historically significant card — only 10 to 15 are believed to exist — sold the card through Heritage Auctions on Oct. 24 for $4.02 million, well below the $7.2 million the collector paid for the card in 2023, Sports Illustrated reported.

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