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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Blowoutcards.com is very excited to be part of sports card history.

For more than 20 years, our team has worked with collectors and investors looking to purchase unopened boxes and cases, and early this year while working on The Modern Wax Fund we were fortunate to meet with some of the most-passionate collectors in the business.

The 1986-87 Fleer NBA sealed case of 12 36-pack boxes is one of the most-prestigious, rare and sought-after items in our hobby as it includes the Rookie Cards for Michael Jordan, Charles Barkley, Karl Malone and many other Hall of Famers. We fielded dozens of calls for our opinion and assessment of value shortly after what many consider the "holy grail" of modern era sports cards was going to be available at auction.

One of those calls was from a collector that we have worked with in the past and we were given the green light to purchase the case on his behalf. We are pleased to announce that we were successful in procuring it for him via Collect Auctions for $1.79 million on Thursday night.

Based on perfect collation -- Fleer was relatively consistent in its delivery at that time -- the case should be home to roughly 40 untouched Jordans, which have sold for $100,000 in BGS 10 form and PSA 10s have pushed that mark to just over $97,000 via Goldin Auctions. The card is heavily graded but those top marks are elusive due to the printing, cutting and packaging of the era.

Blowout Cards is active in the market and looking to purchase unopened NBA boxes and cases. A few current examples include 1980-81 Topps, 2003-04 Upper Deck Exquisite Collection, any Panini Prizm and also  Panini National Treasures releases.

If you have any to sell, please email wanted@blowoutcards.com.

For more information on the Modern Wax Fund, visit Modernwaxfund.com.
For inquiries or questions please contact Thomas Fish at fish@blowoutcards.com.

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Follow Buzz on Twitter @BlowoutBuzz or send email to BlowoutBuzz@blowoutcards.com. 

>> Click here to buy cards on BlowoutCards.com.

The Blowout Cards Forums are where thousands of collectors converge daily to discuss, well, a little bit of everything. Here are a few threads about collecting and more that you should check out right now.

What's Buzzing Today: Purple parallels are back in 2020 Topps, Ozzie Albies, 2020 Topps Heritage heat, The Modern Wax Fund and more in today's edition.

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The Blowout Cards Forums are where thousands of collectors converge daily to discuss, well, a little bit of everything. Here are a few threads about collecting and more that you should check out right now.

What's Buzzing Today: Big 2020 Topps pulls, Rookie Cards vs. prospect cards, Zion Williamson, The Modern Wax Fund and more in today's edition.

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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.

Continue reading →