Hear and subscribe to Opening Bid Unfiltered on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you discover your favourite podcasts.
AJ Scaramucci, son of Skybridge Capital founder Anthony Scaramucci, appears to be like to be a chip off the outdated block.
The youthful Scaramucci — described by his hedge funder dad as a enterprise capitalist with a eager eye towards collectibles investing — was the successful bidder for Logan Paul’s prized Pokémon card this month. The bidding ended on Feb. 16, after bringing in 97 bidders over 41 days.
The one-of-a-kind PSA grade 10 card price him about $16.5 million, greater than triple what Paul paid for the cardboard in 2021.
“I am an investor with him, clearly. He is operating a few of our household’s cash. He is created an organization known as Treasuretrove.com,” the proud papa and Wall Avenue veteran mentioned in a brand new episode of Yahoo Finance’s Opening Bid Unfiltered podcast (video above; hear in beneath).
This embedded content material shouldn’t be out there in your area.
The hoopla across the card will assist AJ get a stronger foothold within the surging collectibles markets, per Scaramucci.
“I feel the factor that folks want to appreciate is that the acquisition of a $16.5 million card generated about $200 million value of media purchase … One of many approaches that we have been making an attempt to take with the cardboard is to assist AJ get publicity within the land of collectibles,” Scaramucci mentioned. “And to let individuals know that he will be a pressure to be reckoned with as he begins this form of treasure hunt that he is on.”
“I simply will say that if you happen to imagine in forex debasement, which our household does, this can be a frontier that has a liquidity mismatch,” he added. “Bitcoin and gold are effectively uncovered, however the world of collectibles, the costs are going up for a motive.”
The US collectibles market dimension was estimated at $32.13 billion in 2025 and is projected to achieve $48.08 billion by 2033, rising at a compound annual development charge of 5.3% from 2026 to 2033, in accordance with Grand View Analysis.
This development is anticipated to be fueled by elevated participation from youthful collectors, enlargement of digital and resale marketplaces, improved authentication and grading requirements, rising cultural relevance of nostalgia-led classes, and broader recognition of collectibles as different shops of worth alongside conventional property.
“It truly is simply provide and demand,” Josh Luber, co-founder of StockX and founding father of Ghostwrite, mentioned on Opening Bid Unfiltered concerning the power of the collectibles business. “The demand half of the equation works whenever you hit that intersection of tradition and commerce.”
The gamification of commerce is the second-most disruptive financial pressure on this planet at the moment, in accordance with Luber’s co-authored white paper “The Blindboxification of All the pieces.” This is not nearly sneakers and buying and selling playing cards — it is about an evolution in how merchandise seize the cultural zeitgeist.
Equivalent to Paul’s pristine Pokémon card, which is now AJ Scaramucci’s.
“Should you’re shopping for tremendous high-quality stuff, I feel it is sturdy. I feel it lasts,” Scaramucci mentioned of collectibles.
Every week, I step as much as the podcast mic and have insight-filled conversations and chats with the largest names in enterprise and markets on Opening Bid Unfiltered. You’ll find extra episodes on our video hub or watch in your most well-liked streaming service.
Brian Sozzi is Yahoo Finance’s Govt Editor and a member of Yahoo Finance’s editorial management crew. Observe Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Recommendations on tales? Electronic mail [email protected].
Click on right here for in-depth evaluation of the most recent inventory market information and occasions transferring inventory costs
Learn the most recent monetary and enterprise information from Yahoo Finance