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TRADING CARDS & COLLECTIBLES

Alt Announces Record-setting Stephen Curry Rookie Card Buy

The trading card-based alternative investment platform now owns 51% of the 2009 Curry 1-of-1 Logoman Autograph worth $5.9 million.

Though Stephen Curry and LeBron James are missing from this year’s NBA Finals, they’re doing battle in the world of trading cards. And once again, Steph has gained the upper hand.

In a record-setting sale for a modern-era trading card, Alt Fund II, an investment fund managed by trading card-centric investment platform Alt, acquired a 51% stake in a truly one-of-a-kind Curry rookie card. The 2009 National Treasures Rookie Logoman Auto, graded at a PSA 8 with a PSA 10 autograph, was purchased for a total price of $5.9 million — $700,000 more than the most expensive verified trading card sale in history.

According to Alt Fund data, Curry cards have increased 35% in value since the start of 2021, vastly outperforming the S&P 500. This stat made Alt’s Steph purchase a no-brainer, per an official company release.

“We believe this card’s upside is tremendous and represents the best of the best of the entire sports card market,” said Alt founder Leore Avidar. “We’re anchoring Alt Fund II to this purchase and have built a thesis with this asset at its core.”

The price of this Curry card exceeds the previous high watermark set by a LeBron rookie in April. Alt Fund I purchased a 2003 Exquisite Lebron James Rookie Patch Auto BGS 9 at a $5.2 million valuation, tying the all-time trading card price record first set by the legendary 1952 Topps Mickey Mantle.

A 1914 Babe Ruth “pre-rookie” card reportedly set a new record in early June, but its final sale price has not been publicized.

Since its inception in the fourth quarter of last year, Alt Fund I is up 71%, per the company.

The 1-of-1 Curry card will be custodied in the Alt Vault, where 10,000 rare and valuable cards worth more than $50 million are securely stored.

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