The "Piece Of Cardboard" That Sold For $4M

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Friends,

Last week, “Vegas” Dave Oancea sold his Mike Trout 2009 Bowman superfractor rookie card for $4M. Not only was it the most expensive sports trading card ever sold, beating out the 1909-11 T206 Honus Wagner card that sold for $3.12M in 2016, but Dave purchased the card only 2 years prior - for $400,000.

How did Vegas Dave 10x his money in 24 months?

“A combination of reduced supply and market timing.”

Earlier this week I sat down with Vegas Dave and discussed a wide variety of topics. Instead of digging deeper into the trading card market myself, I’ll let Dave do the talking.

I’ve attached our 20 minute interview below.

We cover a lot, including:

• The story of Dave illegally making $10,000/month as a teenager

• The plea deal he accepted in Federal Court

• His ban from Vegas casinos

• The negotiation to buy the card from Taiwan 2 years ago

• How he reduced the market supply of Mike Trout cards to drive the price higher

• Why he turned down a $3.5M all-cash offer

• The impact celebrities like Gary Vaynerchuk have on the market

Enjoy the interview and have a great weekend!

Talk Monday.

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