–Sports Collectibles Market Growth Has Accelerated
–Fraud Remains an Expensive Issue in the Space
–Baller Mixed Reality Solves This Issue with Blockchain-Backed Authentication Technology
Baller Mixed Reality, a subsidiary of American Leisure Holdings, Inc. AMLH, has created a novel solution to the scourge of counterfeiting and fraud in the collectibles market. It has created the first series of 3D-AR NFT sports collectibles ever produced. Each item is a unique piece of memorabilia hand-signed by a current or expected Hall-of-Famer, meticulously crafted into Augmented Reality from real-world items, and limited to just twenty of each (never to be replicated).
COLLECTIBLES MARKET GROWTH
The collectibles market has grown immensely with the advent of online auctions, NFTs, and e-commerce sites, collectibles have turned into big business, as the global market was valued at $412 billion in 2021, and is projected to reach $692.4 billion by 2032 (Market Decipher).
Ross Hoffman, the CEO of Goldin, a leader in trading cards, collectibles and memorabilia, said “more and more people are recognizing collectibles as a tradable asset,” and continued, “a younger demographic between the ages of 21 to 35 is getting involved with sports collectibles due to explosive growth in modern card collecting, along with NFTs.”
Hoffman’s company Goldin is a great case study in just how valuable this market is becoming. In 2021, the company recorded $330 million in sales tripling its 2020 results.
His company was acquired by Collectors Holdings, Inc. last year, and has shattered auction house records:
$2.46 million price tag for a LeBron James trading card
Nearly $500,000 for a Tom Brady game-worn jersey.
$369,000 for a signed Tiger Woods rookie card
Jonathan Herman, founder of Baller Mixed Reality, is following a similar path that led Ross Hoffman and his Goldin Auctions brand to be acquired by Collectors Holdings, Inc.
Herman’s Baller Mixed Reality was recently acquired by American Leisure Holdings, Inc. AMLH giving individual investors an opportunity to participate in this groundbreaking technology.
It’s not a bad market to be in. Collectors Holdings was once public until going private in early 2021. Shareholders of the company received a $92 per share payday. This was quite a windfall for shareholders as the stock, formerly trading on the Nasdaq under the symbol CLCT, was trading between $10 and $30 dollars per share for years prior to the announcement.
Early AMLH investors would welcome a similar exit opportunity. The potential is there because Baller Mixed Reality offers an invaluable solution to a costly problem.
FRAUD IN THE COLLECTIBLES MARKET
In the past year there have been several massive fraud schemes revealed in the collectibles market:
–In April, Two Michigan brothers and a third man in Florida who were caught selling forged artwork and memorabilia — many for over $100,000 — were charged last week in federal court. One of the brothers, Donald Henkel, is accused of creating and selling items that were altered with fake autographs to baseballs and model bats that featured the names of baseball greats Lou Gehrig, Babe Ruth, Honus Wagner, and Cy Young in an effort to increase their value.
– On March 7th, the U.S. Customs and Border Protection announced it had seized a package they say contained fake Super Bowl, World Series, and NBA championship rings. According to the CBP, the package, which was shipped from China to Florida, contained 110 fake Super Bowl rings from the Tampa Bay Buccaneers and Kansas City Chiefs, 110 fake Atlanta Braves World Series rings, and 10 fake Milwaukee Bucks NBA rings.
–In another recent case, federal prosecutors filed fraud charges against a New Jersey man they say posed as a former New England Patriots player and purchased family versions of the team’s 2016 Super Bowl rings that he claimed had ties to Tom Brady. According to the U.S. Attorney’s Office in Southern California, he sold one of the rings with Brady’s name on it for $337,000. He wound up pleading guilty in December to five felony offenses.
HOW BALLER MIXED REALITY SOLVES THIS MULTI-MILLION DOLLAR PROBLEM
AMLH’s Baller Mixed Reality creates autographed metaversal collectibles from legendary athletes, entertainers and entrepreneurs. These limited-edition memorabilia are first of their kind, placed in real-world environments and enjoyed from all angles on AR-enabled devices.
For the uninitiated, here’s a simplified breakdown:
An NFT (non-fungible token) is a unique digital asset that cannot be duplicated.
An NFT is a one-of-one verified on the Ethereum blockchain
If you buy an original ‘Mona Lisa’ or 1909 T206 Honus Wagner, verifying its authenticity is still a chore
NFTs solve this problem through blockchain-backed authentication
Baller Mixed Reality has the added bonus of being a subsidiary of a public company, American Leisure Holdings AMLH. Consumers who believe in this brand can not only purchase its NFTs but own a piece of the company by investing in AMLH.
Read this report to learn more about AMLH:
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