When Alex Ovechkin broke Wayne Gretzky's all-time goal record this past weekend, a seismic shift occurred not only on the ice but also in the world of sports collectibles. As Gretzky passed the torch to Ovechkin, who broke Gretzky's record in as many games as Gretzky did. This achievement is monumental for a number of reasons. For starters nobody ever thought Gretzky's record of 894 goals would ever be broken. Yet, when Ovechkin scored two to tie Gretzky and another to break it the next game, it was the equivalent to scaling the Everest of hockey achievements. Anytime something like this happens, whether in hockey, baseball, basketball or other professional sports, it inherently elevates the value of the recordholder's collectibles. In this case, Ovechkin's memorabilia, particularly sports cards, signed jerseys, and other signed treasures, will experience an increase in value as more collectors want to add Ovechkin pieces to their private collections.
Upper Deck has even introduced a special 'relic' card with actual pieces of the ceremonial carpet used for his celebration. Are we going too far?
But why does breaking a record like this matter so much? It’s pretty simple: record holders represent the pinnacle of sports achievement. Collectors and fans are naturally drawn to the best, and owning a piece of that history carries immense appeal. This appeal, in turn, influences scarcity and value.
Ovechkin’s signed memorabilia, sports cards, and jerseys are now more than just collectibles; they are tangible pieces of hockey history. There is no doubt that Alexander Ovechkin is one of the greatest hockey players to ever lace up skates, but now that he sits alone at the top of the NHL goal scoring leaderboard, its safe to say that his items encapsulate a moment where the impossible became possible. As such, their value skyrockets.
What Influences Value and Scarcity of Memorabilia?
Several factors determine the worth of collectibles, be it Ovechkin's, Gretzky's, Lewis Hamilton's, Lionel Messi, Michael Jordan or whoever else.
Authenticity is paramount. There are so many fake items out there, especially in the collectibles market. Michael Jordan was very selective in how much he signed, and who he signed with. Most of his authentic autographs were through Upper Deck, yet there are so many fake Michael Jordan signed balls, shoes, or cards. The same goes with all the other major players in the world. Authenticity, and knowing where that item came from is incredibly important. An item’s value is heavily influenced by its provenance. Authenticity certificates or direct purchases from reliable sources add a layer of trust and, consequently, value. The keyword is RELIABLE sources.
Condition also matters greatly. Pristine items, items graded 9 or 10, especially in the context of sports cards, command higher prices. Even the smallest defect can significantly impact value.
Rarity now defines the supply side of the equation. Limited edition items, or those from significant moments like breaking a record, are innately more valuable due to their scarcity. Consider a signed Ovechkin jersey from the game where he broke the record. Its value is not merely in the fabric but in the moment it represents. Such items are the holy grail for collectors, combining authenticity, pristine condition, rarity, and immense demand. While Ovechkin's game worn jersey is most likely never going to come on the market, we've seen instances in the past where Tom Brady's game worn Superbowl winning jersey was stolen and on the market.
Demand is the other side of the coin. A player’s popularity and the significance of their achievements can drive up demand and, with it, value. Ovechkin has always been one of the best, but now his is literally the Great 8.
Practical Insights for Collectors
For those in the world of collectibles or those aspiring to enter, there is much to consider. As lifelong collectors ourselves, Private Collection Insurance knows that when investing in items tied to record holders, like Ovechkin and Gretzky, one must look beyond the surface.
We've just recently returned from the International Society of Appraisers Assets 20025 conference where we heard what most already know, that the collectibles market is increasing. However, the rise is even more astonishing than ever before! Artificial Intelligence is also continuing to play an increasing role and making it easier to research and understand marketplace availability. Research is invaluable. Understanding the market, the player’s career trajectory, and the item’s authenticity can inform better investment decisions.
We believe that Diversification can mitigate risks. While investing in high-profile players is appealing, it's wise to diversify your collection with other promising athletes or memorabilia from different sports.
Insurance is a consideration often overlooked. As values soar, ensuring your collection is adequately insured against loss, damage, or theft is paramount. As a specialized insurer in the collectibles space, Private Collection Insurance caters to high-value collectibles, provides peace of mind and protects against unforeseen circumstances.
Chris Mustakas
Chris Mustakas is our Chief Marketing Officer. A lifelong collector, Chris' passions lie with his extensive collections of vinyl records, David Bowie, sports memorabilia, vintage Port wine, cigars, classic whiskeys, Nike Air Force 1s, and Robert Graham clothing.
Ovechkin passes Gretzky as the NHL’s all-time goal scoring leader
When Alex Ovechkin broke Wayne Gretzky's all-time goal record this past weekend, a seismic shift occurred not only on the ice but also in the world of sports collectibles. As Gretzky passed the torch to Ovechkin, who broke Gretzky's record in as many games as Gretzky did. This achievement is monumental for a number of reasons. For starters nobody ever thought Gretzky's record of 894 goals would ever be broken. Yet, when Ovechkin scored two to tie Gretzky and another to break it the next game, it was the equivalent to scaling the Everest of hockey achievements. Anytime something like this happens, whether in hockey, baseball, basketball or other professional sports, it inherently elevates the value of the recordholder's collectibles. In this case, Ovechkin's memorabilia, particularly sports cards, signed jerseys, and other signed treasures, will experience an increase in value as more collectors want to add Ovechkin pieces to their private collections.
Upper Deck has even introduced a special 'relic' card with actual pieces of the ceremonial carpet used for his celebration. Are we going too far?
But why does breaking a record like this matter so much? It’s pretty simple: record holders represent the pinnacle of sports achievement. Collectors and fans are naturally drawn to the best, and owning a piece of that history carries immense appeal. This appeal, in turn, influences scarcity and value.
Ovechkin’s signed memorabilia, sports cards, and jerseys are now more than just collectibles; they are tangible pieces of hockey history. There is no doubt that Alexander Ovechkin is one of the greatest hockey players to ever lace up skates, but now that he sits alone at the top of the NHL goal scoring leaderboard, its safe to say that his items encapsulate a moment where the impossible became possible. As such, their value skyrockets.
What Influences Value and Scarcity of Memorabilia?
Several factors determine the worth of collectibles, be it Ovechkin's, Gretzky's, Lewis Hamilton's, Lionel Messi, Michael Jordan or whoever else.
Authenticity is paramount. There are so many fake items out there, especially in the collectibles market. Michael Jordan was very selective in how much he signed, and who he signed with. Most of his authentic autographs were through Upper Deck, yet there are so many fake Michael Jordan signed balls, shoes, or cards. The same goes with all the other major players in the world. Authenticity, and knowing where that item came from is incredibly important. An item’s value is heavily influenced by its provenance. Authenticity certificates or direct purchases from reliable sources add a layer of trust and, consequently, value. The keyword is RELIABLE sources.
Condition also matters greatly. Pristine items, items graded 9 or 10, especially in the context of sports cards, command higher prices. Even the smallest defect can significantly impact value.
Rarity now defines the supply side of the equation. Limited edition items, or those from significant moments like breaking a record, are innately more valuable due to their scarcity. Consider a signed Ovechkin jersey from the game where he broke the record. Its value is not merely in the fabric but in the moment it represents. Such items are the holy grail for collectors, combining authenticity, pristine condition, rarity, and immense demand. While Ovechkin's game worn jersey is most likely never going to come on the market, we've seen instances in the past where Tom Brady's game worn Superbowl winning jersey was stolen and on the market.
Demand is the other side of the coin. A player’s popularity and the significance of their achievements can drive up demand and, with it, value. Ovechkin has always been one of the best, but now his is literally the Great 8.
Practical Insights for Collectors
For those in the world of collectibles or those aspiring to enter, there is much to consider. As lifelong collectors ourselves, Private Collection Insurance knows that when investing in items tied to record holders, like Ovechkin and Gretzky, one must look beyond the surface.
We've just recently returned from the International Society of Appraisers Assets 20025 conference where we heard what most already know, that the collectibles market is increasing. However, the rise is even more astonishing than ever before! Artificial Intelligence is also continuing to play an increasing role and making it easier to research and understand marketplace availability. Research is invaluable. Understanding the market, the player’s career trajectory, and the item’s authenticity can inform better investment decisions.
We believe that Diversification can mitigate risks. While investing in high-profile players is appealing, it's wise to diversify your collection with other promising athletes or memorabilia from different sports.
Insurance is a consideration often overlooked. As values soar, ensuring your collection is adequately insured against loss, damage, or theft is paramount. As a specialized insurer in the collectibles space, Private Collection Insurance caters to high-value collectibles, provides peace of mind and protects against unforeseen circumstances.