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Modern Wax Fund surges in debut year as sports cards soar

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In its first 10 months, The Modern Wax Fund reflected some crazy times in the sports card world.
How crazy? The Fund's valuation report of the underlying asset holdings during its rookie season shows an overall increase of 195.1 percent, fueled by an explosion of interest for the recent-year NBA assets. Basketball boxes alone jumped 301 percent in a year, while NFL also had a 164-percent jump and "other sports" (in lower total volume) jumped 194 percent.
This first-of-its-kind private-equity fund focused on trading cards is a creation of Attic Investments and Blowout Cards. It started with more than $3 million in unopened product -- some of the rarest and most-desired baseball, basketball, football and other cards from the modern era -- last February with a $25,000 minimum buy-in from investors.
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This entry was posted in Baseball, Basketball, Business Buzz, Football, MMA, Non-sports, Golf and tagged Michael Jordan, MLB, NBA, NFL, Panini America, Topps, UFC, Garbage Pail Kids, Stranger Things, Tiger Woods, Family Guy, Patrick Mahomes, Luka Doncic, Attic Investments, The Modern Wax Fund on January 25, 2021 by BlowoutBuzz.
The Modern Wax Fund lets serious investors get into cards

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Serious investors wanting to get into the card world have a new option.
It's The Modern Wax Fund, which is a first of its kind private-equity fund that is focused on trading cards.
Set to close on Feb. 28, the Fund is a creation of Attic Investments and Blowout Cards. They have packaged more than $3 million in unopened product -- some of the rarest and most-desired baseball, basketball, football and other cards from the modern era -- into the project.
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This entry was posted in Business Buzz and tagged Blowout Cards, Attic Investments, The Modern Wax Fund on February 8, 2020 by BlowoutBuzz.

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