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‘Like hitting a lotto ticket.' Why sports memorabilia collectors pursue chase cards [Los Angeles Times (CA)]
Last walmart inc. earnings: 2/18 06:00 am
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At Southern California trading venues, savvy dealers and entrepreneurs have turned card flipping into aggressive business, with market values shifting rapidly based on player performance. The sports card industry has surged to a $14.9-billion business in 2024 and is projected to reach $52.1 billion within the next decade. Trading sports cards is a game of negotiation for Greg Petikyan. Within seconds, he talked to multiple vendors at Frank and Son Collectible Show last month offering the same card: a 2025 Panini Donruss Saquon Barkley Downtown. The first deal consisted of a 3-for-1 exchange, with an additional couple of hundred dollars to sweeten the deal or a straight purchase for $460. As the vendor looked through his phone for the value of the cards he asked for, Petikyan told him he'll circle back. Instead, the entrepreneur offered it to Eric Mitchel, another booth owner, across the aisle and sold it. A rectangular cardboard collectible with the Super Bowl-winning running
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