Where Is The Pro Football Hall Of Fame Located Sports Collectibles Mean Big Bucks For Retailers and Individuals Alike

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Sports Collectibles Mean Big Bucks For Retailers and Individuals Alike

There’s no doubt that sports in the US make big money, you only have to look at the salaries of top professional players or attendance at major sporting events to realize that a lot of money is changing hands.

The NFL, NBA, NHL, and MLB generate about $11 billion in annual revenue, and that’s after spending their average players anywhere from $1.25 million (at the low end of the National Football League) to about $5 million per average player. pays in the National Basketball Association.

Add to that the $52 billion spent annually in the U.S. on sports equipment and $57 billion on athletic apparel and footwear, and the money is growing exponentially. No matter what source you use to determine the overall sports market, the numbers are staggering. A reasonable estimate of the money that sports brings to our economy is $425 billion a year.

So it should come as no surprise to learn that when it comes to sports memorabilia and collectibles, there is also money to be made. From sports franchises and giant retailers to individuals selling on the runway, there are people making money every day with sports collectibles.

The great thing about the athletic collection is that their popularity extends from the professional line to amateur and collegiate sports. Fans buy Oklahoma Sooners mini football caps, hockey pucks signed by pro stars and virtually anything with their favorite football or baseball team logo. Tiger Woods is a professional golfer without a team, but on any given day you’ll find over 3,000 items related to him on eBay, and his own line of golf apparel, the Tiger Woods Collection, makes hundreds of millions each year.

Since the hard and fast numbers are not specifically related to sports collectibles, one can only assume that individuals, online and retail stores, large corporations and sports franchises are all making money in the sports memorabilia business. You can also guess that the numbers are increasing.

Obviously, the personal popularity of a particular athlete or the rise and fall of success of a particular team makes a difference in the value of the collections.

When Lance Armstrong was still racing and winning the Tour de France, his merchandise sold like hot cakes. Although still popular among the cycling community today, Lance’s goods don’t move like they used to. The same can be said for fallen stars like former Atlanta Falcons standout Michael Vick, whose merchandise has been pulled from store shelves. Today it goes for pennies on the dollar on eBay.

So what are the trends in sports collecting and can people make money collecting? Experts say trends are constantly changing. The National Basketball Association reports that sales of NBA Hardwood Classics jerseys have tripled in the last three years. NASCAR is one of the fastest growing sports as the sport’s popularity has spread across the country.

Many online retailers have the unique advantage of leveraging the ability to move quickly from the success and popularity of sports teams. When a team wins the Super Bowl or the NBA World Championship, sales of that team’s merchandise and collectibles increase. Online retailers can often move much faster than their brick-and-mortar counterparts, quickly placing hot items online and taking advantage of the strike while the fire is hot.

Green Bay’s recent trade of Brett Favre to the New York Jets led to an almost immediate surge of Favre merchandise on online retail sites. From 24-karat gold New York Jets or NFL coins to the new “#4” Jets jerseys, sales were immediately brisk.

What fuels the sports collectibles and memorabilia industry most is the breadth and depth of the field. The Street & Smith Sports Business Journal recently concluded that fans spend the same amount annually on licensed NFL merchandise as they do on licensed college merchandise, and both generate more than $2.5 billion a year. they bring

Sports collections have meaning for the person who buys them. Whether you pay $20 for a licensed cap for your favorite MLB team or an original helmet with the logo of your favorite NFL team, fans buy sports merchandise and memorabilia because they love their team and want to be a part of something. be what they see. so special.

Collecting sports memorabilia is like collecting art. People do it more because they like what they buy than because they expect it to appreciate in value. Although collectibles and even sports items that no one considered collectible at the time can certainly be appreciated.

In 1893, when the nine-man hockey team from Montreal won the first Stanley Cup, no one thought to save the jersey. There are photos from the era showing the robes, but one has never been found. If one of the jerseys is found, it could fetch up to $400,000, according to sports experts, possibly from the curators of the Hockey Hall of Fame in Toronto.

So with aspirations of appreciation and love of the sport working in its favor as well, sports collectibles will remain as big business as the sports they celebrate. In fact, officially licensed merchandise from US professional sports teams and colleges will generate more than $10 billion this year for the leagues and retailers in this very hot industry.

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