Because he knew there was such a high demand for an untapped market, American entrepreneur Ken Goldin entered the sports collectibles market.
A wide variety of fans may be drawn to memorabilia of any form. Some people are willing to sell something sentimental to acquire a portion. Sports enthusiasts frequently try to expand their collection of more expensive goods relating to their preferred players or teams.
Goldin’s overwhelming success in the collectibles and memorabilia industry paid off so handsomely that Netflix released a limited series about him. So, who is Ken Goldin, and what’s his net worth?
How Did Ken Goldin Earn His Net Worth?
Sports memorabilia and goods have always piqued Goldin’s curiosity. Goldin started his career at 13 by peddling baseball trading cards. In an interview with The U.S. Sun, Goldin said that his early success enabled him to cover the cost of his undergraduate education.
He and his father, Paul, founded Score Board Inc. due to their shared passion for professional sports. Thanks to Score Board Inc, they established signature contracts with athletes selling autographed trading cards.
Three years later, a year before Score Board Inc. declared bankruptcy, Goldin left the company. He continued to appear on television, keeping up with the memorabilia market.
After the 2008 Financial Crisis, he was able to bounce back and later founded Goldin Auctions in 2012. During the country’s financial turmoil, Goldin thought there was a resurgence in interest in selling alternative assets for a profit.
It was stated that Golden Auctions’ first year of business had sales of $800,000. For himself, Goldin keeps 20% of every final transaction.
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Goldin made $200 million by May 2021, and the vast majority of his income and wealth came from his powerful influence in the sports memorabilia auction industry. According to sources, Goldin Auctions increased its sales to $300 million in 2022 from $101 million in 2020.
Netflix’s ‘King of Collectibles: The Goldin Touch’ Dives Deeper Into Ken Goldin’s Career!
Because of how well-known Goldin is in the sports collectibles industry, Netflix was interested in his story. A miniseries about Goldin Auctions’ search for the most valuable items of memorabilia on the market debuted on the streaming service on April 28, 2023.
King of Collectibles: The Goldin Touch examined in greater detail how the collectibles industry functions and how the auction process benefits Goldin financially.
Ken Goldin shared on Instagram:
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King of artifacts: The Goldin Touch demonstrates how Goldin and his team collaborate to run successful operations through his online marketplace and offers insight into how the auction house has become so well-known while dealing in rare artifacts.
Although there is much to delve into regarding Goldin’s breadth of knowledge and the rise to prominence for Goldin Collectibles, Netflix has carefully condensed the six-episode series into manageable 30-minute chunks.
Goldin and the Head of Vintage Consignment, Steve Lucas, the Head of Private Sales Frank DiNote, and the Consignment Director Dave Amerman appear on the short-lived show. Netflix now offers to stream all King of Collectibles: The Goldin Touch episodes.
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