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Expand chart
Data: Action Network; Note: *Valued at $6m, with fractional shares to be sold via Collectable; Chart: Axios Visuals

A 1914 Babe Ruth "pre-rookie" card has been valued at $6 million, making it the most expensive sports trading card of all time.

What's next: The privately-owned card will be partially sold on Collectable, a fractional investing platform where users can buy shares of sports memorabilia.

  • This card depicts a 19-year-old Ruth, then a pitcher with the minor league Baltimore Orioles before the Red Sox bought his contract on July 4, 1914. He made his MLB debut a week later.
  • Collectable will offer 20,000 shares at $3 each, with the total offering equaling 1% of the card's equity. Once that IPO is complete (i.e. once all shares are sold), this will officially be the most valuable card ever.
Courtesy: Collectable

The big picture: The trading card boom that exploded early in the pandemic and evolved with the influx of NFTs has only gotten bigger.

  • When we ran this similar story in March, seven of the 10 most expensive cards ever had been sold in the previous eight months.
  • Since then, four more cards have entered the top 10, including three in the past two weeks.

Final numbers: For the first time ever, the 10 most valuable trading cards of all time are each worth over $3 million.

Go deeper

Felix Salmon, author of Capital
Jun 1, 2021 - Economy & Business

AMC and Mudrick time the market to perfection

Expand chart
Data: YCharts; Chart: Axios Visuals

An early contender for trade of the month comes from meme stock (and movie theater chain) AMC, which sold 8.5 million shares over the long weekend to hedge fund Mudrick Capital Management for $230 million.

Driving the news: The price per share was $27.12, a 3.8% premium to Friday’s closing price. The news caused AMC shares to spike in early trade on Tuesday, allowing Mudrick to then reportedly exit at a substantial profit.

55 mins ago - World

Zelensky questions U.S. warnings of "imminent" invasion in Biden call

Biden and Zelensky at the White House last October. Photo: Brendan Smialowski/AFP via Getty

President Biden and Ukrainian President Volodymyr Zelensky had a back-and-forth in their call this evening about just how "imminent" the threat of a Russian invasion might be, according to three sources briefed on the call.

Why it matters: Biden has said previously that he believes Russian President Vladimir Putin will probably "move in" to Ukraine, and White House press secretary Jen Psaki said Thursday afternoon that "an invasion could come at any time."

Democrats stiff Biden as poll numbers hit low point

Photo illustration: Aïda Amer/Axios. Photo: Christopher Furlong/Getty Images

Democrats in swing states and vulnerable districts in this year's pivotal midterms are distancing themselves from President Biden on social media as his poll numbers hit their lowest point.

Why it matters: The digital distance is one sign of the concern candidates feel about a person they'd normally embrace. Incumbent presidents — including one who believes he needs to come to their hometowns to sell his message — would normally be political gold for candidates from the same party.