Interest in the sporting memorabilia sector has only intensified amid the coronavirus pandemic, and this new version of selling has evolved with the growing prominence of non-fungible tokens (NFT’s).Īn NFT is a unique digital item that belongs to the person who purchases it but isn’t physically owned, similar to buying shares in a stock or a valuable object as with the baseball card. He added: “For the first time in history, via Collectable, collectors and sports fans of ALL income brackets will be able to co-own this record setting asset.” “Today’s announcement represents not only a record price for a sports card, but also a historic and seismic moment for the sports collectibles industry,” Mr Levine said in a press release. The card will remain at the Babe Ruth Museum in Baltimore, Maryland, in a newly created special exhibit showcase for shareholders to be able to visit their asset in person, the company said. “He’s taking this physical asset and almost transforming it into a stock which can be liquidly traded on a platform.” “He loved the ability to share this asset with the public,” Mr Levine told CNBC. The owner has put the card up for partial ownership and the company, similar to a stockbroker, will sell 20,000 shares of the card on the platform starting at $3 (£2.1) per share, Axios reported. Mr Levine explained that while the company could not disclose the price paid for the card, he told the broadcaster it would be a “reasonable assumption” that they had paid around its estimated value of ($6m) (£4.3m). A 1952 Mickey Mantle baseball card previously held the title as the most valuable sporting card of all time after being sold for $5.2m (£3.7m), Collectable said in the release.