How a 16-year-old made millions collecting and reselling trading cards - Business Insider

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A 16-year-old who just sold a basketball trading card for a record-breaking $1.81 million shares his best strategies for making bank as a card collector and reseller (by RobinMadell)

Park at the National Sports Collectors Convention."I have made contacts in China, South Korea, and throughout the United States just by walking around the convention and sharing news and cards," Park said. "I might hear that someone is looking for a Mike Trout card that I know one of my contacts has. I would be the middleman between both parties to help the transaction." , which many hard-core collectors are a part of.

"I have been fortunate to invest in the 'right' players," he said. "I invested in Mike Trout baseball cards early in 2016, and in the last four years have sold most of my cards for an overall net profit of around a million." And this doesn't include the $1,770,000 profit that he just made from his recent Antetokounmpo card sale, boosting his total net profit from card sales to nearly $2.8 million.

There's also simply the love of the game that forms a framework for his strategies. While collecting sports cards morphed from a hobby into a business opportunity for Park, he still retains the joy and passion that drew him to the activity in the first place. "After I bought the card, I heard that the dealer who sold it to me had offered it to other collectors at a lower value," Park said. "Nevertheless, I was not upset because I believed in the future value of Giannis. I knew that even if I overpaid at the time, it would not matter in the future because I believed Giannis would continue to improve, which would cause his card values to increase.

 

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RobinMadell Who?

RobinMadell Just like us whom made a lot at the end of the dot com bubble, he got lucky.

RobinMadell garyvee

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