The global worth of the signed sports memorabilia industry is estimated at over 5 billion USD annually–and trending upwards. The market is hot, and demand is steadily rising. However, the prices of sports memorabilia items can fluctuate significantly based on various factors. Whether someone is looking to buy or sell an item, the following factors should be considered when determining if a price tag accurately reflects the item’s true value.
What is Sports Memorabilia, and Why Do People Collect it?
Sports memorabilia can be any item with value that stems from its relationship with a sport, athlete, or important sporting event. This includes anything from autographed photos or collectible trading cards to uniforms and equipment that athletes wore during pivotal moments of their careers.
Sporting events are more than just entertainment for the masses. Humans have been participating in sports since before history began to be written down. They’re a way to celebrate the talent, creativity, endurance, and limits of the human body while bringing people from all walks of life together. People collect items that commemorate special sports moments and icons because it helps them have a tangible connection to historical events. They may love to feel part of those events.
Others may see sports memorabilia as a highly-rewarding investment opportunity. Whether it’s something small like signed mini helmets from a player who shares someone’s hometown or something monumental like the first written rules from the inventor of basketball, every item holds varying levels of sentimental and monetary value.
How Does a Signature Impact the Value?
An authenticated signature dramatically increases an item’s value. While having an authentic item is valuable in itself, the signature gives it a little extra oomph for its monetary, sentimental, and historical value.
However, just having a signature does not make it more valuable. The impact of the athlete in the sports world heavily affects the impact of their signature on the item’s price. The more legendary an athlete is, the greater their audience and the greater the demand for their autographed memorabilia. Did the athlete break records, win championships, or even contribute to changes in how the sport is played? An athlete’s attributes and career can make items like a signed baseball, jersey, or even a photo more lucrative on the sports memorabilia market.
Something that can differ significantly between athletes is how often they sign autographs. Some choose to sign items only with specific companies, making those companies the only holders of autographed items and allowing them to set the prices. Other athletes may choose to do public signings with anyone and everyone to increase circulation–while this can make fans happy, it can also lower the value of their signatures. Babe Ruth—one of baseball’s most infamous players—was known for signing autographs very often, especially for young fans, making a signed baseball from Ruth lose a bit of its value. The rarity of a signature can change the price of an item considerably.
An interesting phenomenon with autographed memorabilia is that it often becomes more valuable after the athlete’s death. This is especially true if the athlete dies unexpectedly during or shortly after their career. Sometimes, players are inducted into the Hall of Fame posthumously, giving their autographs even bigger value boosts. But again, this depends on how often they signed autographs compared to how long they lived.
How Globally Popular is the Sport of the Item?
Like any other industry, one of the most significant factors influencing an item’s price tag is the estimated number of people willing to buy it. For instance, baseball is one of the top three most popular sports in the United States. There are even big baseball fans and players in other countries, such as Japan, Cuba, and the Dominican Republic. On the flip side, soccer is the most-viewed sport in the world, with estimated numbers of over three billion people watching matches during the FIFA World Cup Tournament in 2018 alone.
This doesn’t mean a signed baseball from a fastball extraordinaire can’t sell for hefty price tags. However, it does make it less likely to have higher monetary value than an autographed item from an international soccer legend. The more popular a sport is worldwide, the greater the value of an item associated with the sport can be.
Was the Item Used During a Game or Event?
Something that can drastically change the value of sports memorabilia is whether a player genuinely used it during a game or event. These include sports equipment that athletes wore or used during important games or record-breaking historical moments during their careers, such as:
These items are often rare and more difficult to find, making the demand and asking price higher than standard collectibles. If the item was signed by the athlete that used it, that increases the value even more. Signed mini helmets are fantastic souvenirs that can be very touching for a sports fan, but they will never be worth more than a signed baseball bat used to break a home run record.
What is the Condition of the Item?
There is a reason most sports memorabilia is kept in tailor-made cases, frames, and special rooms with optimal temperature and humidity conditions. Arguably the most critical factor that can increase or decrease an item’s monetary value is how well it has been preserved, especially when it’s autographed.
For example, the value of a signed baseball can vary tremendously based on how well the autograph and the ball have been preserved. A smudged or faded signature on a yellowed generic ball is worth much less than a bold, crisp autograph on a pearly-white official Major League Baseball.
An authentic signed baseball bat from distinguished baseball icons can be incredibly valuable if kept in good condition. Wooden bats can easily be damaged by time and the elements if not adequately taken care of, and they’re typically not autographed as often as a baseball.
In short, various reasons drive the monetary value of sports memorabilia, but authenticated signed items will always remain king. Collectors and investors should always be on the lookout for forged signatures and buy only from trusted sources, like Sports Integrity. Certified sports memorabilia may always be a little pricier, but it’s always worth the peace of mind of acquiring a genuine part of sports history.