Valuetainment - August 07, 2026


“Ohtani Card Sold for $11 Million” - Why the Wealthy are Ditching Art for Collectible Cards


Episode Stats


Length

17 minutes

Words per minute

201.71

Word count

3,452

Sentence count

214

Harmful content

Toxicity

3

sentences flagged

Hate speech

7

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.480 Recently, our company's softball team lost the big game by one run.
00:00:04.780 Then Dale tried to console us with the quote,
00:00:07.200 winning isn't everything.
00:00:09.060 Well, Dale and I are very different.
00:00:12.740 I get early payout from Bet365.
00:00:14.680 If my team goes up big, I get paid out instantly,
00:00:17.480 even if they blow the lead later.
00:00:19.540 Sound familiar, Dale?
00:00:21.280 Thanks, Bet365.
00:00:22.920 Must be 19 or older, Ontario only.
00:00:24.420 Please play responsibly.
00:00:25.240 If you have questions or concerns about your gambling
00:00:26.660 or the gambling of someone close to you,
00:00:27.720 please go to connexontario.ca TNC Supply.
00:00:30.000 It's boomers who own a trillion dollars of art collection that nobody wants, including their kids, and including, what do you call it, including museums. 0.99
00:00:44.320 They're like, nah, we also don't want it. 0.98
00:00:46.080 What do you mean you don't want it?
00:00:46.800 Nah, we don't want it.
00:00:47.880 You mean to tell me you don't want these tricks?
00:00:49.620 No, we don't.
00:00:50.200 Let me read it to you. 0.59
00:00:51.340 Boomers are leaving behind more art than anyone wants.
00:00:54.700 This is a Bloomberg story, okay? 0.92
00:00:56.420 Bloomberg story that you got right afterwards.
00:00:58.460 I'm going to go into an art that you should want to get into,
00:01:01.540 and I'll give you my thoughts on it why.
00:01:03.840 So nearly a trillion dollars of art is expected to change hands in the coming decade 0.56
00:01:07.580 as boomers' collections get passed down, 0.95
00:01:09.400 but there will not be enough buyers or museums to absorb them all. 0.99
00:01:13.300 The baby boomers spend money at an astonishing rate,
00:01:16.160 creating unprecedented demand that produce an unprecedented supply.
00:01:20.260 The Artnet price database included 8,300 artists in 1988.
00:01:26.420 By 2012, it's 90,275.
00:01:31.560 So they went from having 8,300 artists now to having 90,000 artists.
00:01:36.240 Now millions of heirs face the challenge of what to do with the collections
00:01:39.500 that were expensive to acquire but difficult to monetize.
00:01:42.580 Watch how weird this is and why that is.
00:01:45.320 The next generation don't want it.
00:01:47.440 They want something different, says Philip Hoffman,
00:01:49.920 chairman of the Fine Art Group,
00:01:51.540 which advises 350 family office collections in 28 countries.
00:01:54.780 He can only think of about five families that have thought about what happens next.
00:01:59.600 The rest are in denial.
00:02:01.580 Believing their children would love to continue stewarding their collection, finding buyers is extraordinarily difficult for most cases since dead artists need committed dealers to resuscitate interest, and those dealers are few.
00:02:16.300 Many try donating to museums, but that has become substantially harder.
00:02:20.200 There is an avalanche coming, says Michael Darling of Museum Exchange.
00:02:24.640 It's going to be difficult to metabolize all that art museum and nonprofits.
00:02:29.540 Almost every major museum already has vastly more art than it can display.
00:02:33.120 And unless offered a masterpiece, it's not often hungry for more.
00:02:37.700 Many now ask for cash donations to company art gifts to cover storage, insurance, and infrastructure costs.
00:02:43.400 So we know there was a documentary done back in the days about art where this guy goes to, I think it's Picasso,
00:02:51.680 and he says, hey, there's a young
00:02:54.380 artist here locally. Picasso's on his
00:02:56.260 deathbed. There's a young artist here
00:02:58.300 locally. He says, would you mind if I
00:03:00.260 come and show you his art? He just wants you to judge
00:03:02.220 the art and tell me what you think about it.
00:03:04.460 So he goes to Picasso. He looks at it. He says
00:03:06.280 it's not that good. He says, do you mind if I take
00:03:08.360 a picture with you so I can show it to the young artist
00:03:10.340 that I did meet you? And he gave some
00:03:12.260 feedback. He said, yeah, no problem. Takes the picture.
00:03:14.580 The moment Picasso dies, he
00:03:16.200 goes and says, this is Picasso's last painting.
00:03:18.200 Was it Salvador Mundi? I don't know which one this is.
00:03:20.200 not Salvador Manu. He ends up selling it for millions of dollars. Then the documentary comes
00:03:25.220 out saying that 70% of art ever sold is fraud. It's fake. Don't mess with it. 70% of art is
00:03:32.200 sold that is fake. So now imagine these people are sitting on all this art that they bought to
00:03:38.200 put on the wall that people are no longer interested in. What do you do now? While this
00:03:44.000 is going on while this is going on it's very interesting a shohei otani's card is out there
00:03:51.380 that kevin o'leary and the biggest card collection guy named shine i've sat down with him he came
00:03:58.520 here brought the office he brought a hundred million dollar card collection with him to show
00:04:01.800 me this was a year ago two years ago they put up a tweet and say if anybody pulls this card
00:04:08.460 We have a $6.5 million bounty on this card.
00:04:12.720 A father, if you can pull up the story on who the father is,
00:04:16.180 a father goes to Boca Raton card store.
00:04:19.720 He buys the box.
00:04:21.640 The card was pulled.
00:04:22.860 An anonymous collector at Boca Raton Sports Card in Florida.
00:04:27.560 The anonymous collector sold the card to Secure Portfolio
00:04:30.540 by Kevin O'Leary and Shine.
00:04:33.080 You know for how much?
00:04:34.300 $11 million is what they bought it for.
00:04:37.840 Can I give people perspective?
00:04:39.120 Those boxes are $250, $300, sometimes a little bit more, just for the box.
00:04:44.840 If you get them with guaranteed autographs in it, it's $500.
00:04:48.060 If you get them with the guarantee, the box are $500.
00:04:50.800 So they pulled this up.
00:04:52.380 And the reason why this is special is because it's one of one, okay, 24 NL MVP,
00:04:59.180 the jerseys that he actually wore, signed both in English
00:05:04.040 and signed in the language where he comes from.
00:05:08.300 Kanji.
00:05:09.360 Kanji.
00:05:10.540 And so they paid $11 million.
00:05:12.100 But do you know why people are going into card collectibles
00:05:15.380 and less than art?
00:05:17.640 Because these are certified.
00:05:20.400 These are graded.
00:05:21.800 These are coming from the box that you know there's credibility behind it.
00:05:26.020 You can find out if it's BS or not.
00:05:28.440 Back in the days, a card of Hannes Wagner that sold for $451,000
00:05:32.000 by the owner of the Kings and Wayne Gretzky, Bruce McNall,
00:05:38.060 the two guys that bought it at a New York auction.
00:05:40.160 That card that sold for $451 was cut by scissors.
00:05:43.560 People know it.
00:05:44.180 That's still a $5, $10 million card today,
00:05:46.000 but it's a very different business to get into with collectibles.
00:05:50.620 Tom, when you hear the story, two things.
00:05:53.220 One, boomers have a trillion dollars of art that their kids and museums don't want,
00:05:57.800 and you hear about what's going on with collectible cards.
00:05:59.620 We were at the house in Hamptons.
00:06:01.140 We're opening up a bunch of boxes.
00:06:02.500 Tom was like, this is a good rookie.
00:06:04.020 This is great.
00:06:05.100 Watch the corners.
00:06:06.240 Tom was new to the cards, so Tom was like, what is this?
00:06:08.700 Yeah, that's how he holds cards.
00:06:09.740 Pat's like, what are you doing?
00:06:11.340 The way Tom held cards.
00:06:12.500 Tom was like, what is this, a show hay?
00:06:14.860 We're like, what are you doing?
00:06:16.060 Tom, go for it.
00:06:16.760 I remember I licked one of them.
00:06:17.940 I said, does it still taste like the bubble gum?
00:06:20.420 Yeah, that's so funny.
00:06:21.560 What are you doing?
00:06:22.980 Well, first of all, in the artwork, it's not surprising.
00:06:25.660 I had an Andy Warhol moonwalk, and I had artist proof number four,
00:06:29.720 Roman numeral four in pencil
00:06:31.940 by Andy Warhol
00:06:33.480 and now I have to say all these years later
00:06:35.480 as far as I know I had
00:06:37.540 artist proof number four
00:06:39.240 even though I bought it from Martin Lawrence
00:06:41.760 Gallery in San Francisco
00:06:43.220 Martin Lawrence?
00:06:44.400 So I did what I could
00:06:49.800 I'm asking Pat's question
00:06:51.380 and the first part is I did what I could
00:06:53.400 but even back then people would say
00:06:55.780 you gotta be really careful
00:06:56.900 so it doesn't surprise me
00:06:59.360 that museums aren't very popular, and there's so much – how do you get your Warhol certified?
00:07:06.400 Some years later, the thing was $400,000 in L.A. because they had a Warhol festival,
00:07:11.560 and there were people there that knew what they were doing that were certifying.
00:07:14.260 But that was it.
00:07:14.920 So if you don't have Keith Haring, if you don't have Warhol or you have something you know,
00:07:18.540 Pat, that story is exactly right.
00:07:20.400 Art is a train wreck.
00:07:22.200 This is fantastic.
00:07:24.000 It can be certified.
00:07:25.040 It can be validated.
00:07:25.800 And when you have confidence and shortage in a market, guess what you have?
00:07:30.360 Value.
00:07:31.280 And right now, collectors can be confident.
00:07:33.360 It can be validated. 0.91
00:07:35.280 And, damn it, it's pretty exciting what goes on here. 0.98
00:07:38.960 Is it? 0.98
00:07:39.720 I thought it was really exciting.
00:07:42.000 And I understand the value of this.
00:07:44.680 Shohei rarely signs his name in kanji on purpose.
00:07:49.200 He rarely does it, number one.
00:07:51.380 Number two, these are uniform patches.
00:07:53.640 Number three, it's one of one.
00:07:55.800 And so you're looking at it like this.
00:07:57.840 This is going to gain nothing but value.
00:08:00.100 It's the same philosophy that went behind Bitcoin.
00:08:04.800 Specifically, they say there's only going to be this many Bitcoin,
00:08:07.640 and we know it's going to be measured on the blockchain.
00:08:10.680 And so, Pat, I think it's what an exciting time if you're collecting the right thing.
00:08:15.560 Yeah, exactly.
00:08:16.140 And by the way, if you're watching this and you're in the space and you collect cards,
00:08:19.900 we're thinking about buying 50, 100 boxes, cases, literally cases,
00:08:24.040 and going to the lounge that we have
00:08:26.380 and breaking them together, okay, and going through it.
00:08:29.980 And if you're somebody that's a breaker.
00:08:31.220 No smoking that night.
00:08:32.520 No, no smoking that night, definitely not.
00:08:34.320 If you're a breaker and you want to be a part of it
00:08:36.260 and bring your own box,
00:08:37.460 maybe we'll do something together to be a part of this.
00:08:39.780 It's an incredible feeling.
00:08:40.800 Like nowadays, I don't see any reason to buy lottery tickets.
00:08:44.640 You buy these cards, you get a rookie card,
00:08:46.340 you set them aside, your kids are going to later on sell it,
00:08:48.560 do something 10, 20 years down the line, be worth something.
00:08:51.080 At least there is something you're getting in return.
00:08:52.820 This guy bought a box and pulls an $11 million card rather than going
00:08:56.940 and buying lottery.
00:08:57.740 There is no point to replace buying lottery tickets with buying baseball.
00:09:02.040 I agree, because you know who's the winner?
00:09:03.620 Yeah, I'm telling you right now.
00:09:04.280 You know who's the winner for every lottery?
00:09:05.920 The government takes almost a third of you.
00:09:08.280 The government wins every single time.
00:09:09.780 Well, then they give you an annuity and a contract settlement.
00:09:12.260 Well, the card situation is like the Willy Wonka and the Chocolate Factory,
00:09:16.000 the golden ticket.
00:09:16.960 You are so excited because you have no idea.
00:09:19.140 And this type of story, I think, is going to boost the top sales,
00:09:21.900 boost all these card sales uh and by the way with Shohei Ohtani Tom you made a great point
00:09:25.800 it's only going to go up they just signed who they signed Tariq Skrubal they look like they're
00:09:30.080 going to keep winning championships and Ohtani's uh the Dodgers signed Skrubal yeah yeah Tom don't
00:09:35.080 even start Pat I don't want to get into it Adam but I love this story because it's actually a
00:09:38.840 bigger testament to what's going on in the world yeah when I first started doing content I was
00:09:42.780 doing money content I remember one of the things I talked about is there was a slogan in the 80s
00:09:46.880 tell me remember this it was he who dies with the most toys wins oh yeah t-shirts posters it was
00:09:53.060 such it was a whole mantra for life and basically what they found out was all these toys when you
00:09:58.400 die you know they say you know when you die you can't take it with you so what did that lead to
00:10:02.120 buying bigger houses having two cars debt debt debt jet skis this that the other and then all
00:10:07.800 of a sudden you can't take it with you and then an article came out in the washington post and it
00:10:11.520 says he who dies with the most toys no longer wins and what happens is young people especially uh you
00:10:18.360 know people with brains realizing that it's not all about the possessions they're very focused
00:10:22.720 on experiences they want to travel they want to see the world they want to be with their friends
00:10:26.420 there you go he who dies with the most toys still dies that's true and now you're going to tell young
00:10:31.480 people especially even wealthy young people but young people hey we're going to give you all this
00:10:35.360 art and they're going to go i don't got a house to put it in and i don't got walls to put all this
00:10:41.380 art in so i'm gonna i'm gonna pass on the art and i'd rather i'd rather have an experience here
00:10:46.200 the second thing when it comes down to art we've had our experience with nfts and not i don't touch
00:10:50.860 nfts anything like that i don't i've never touched it i'll never touch it it's not your thing i know
00:10:54.940 but the whole point or meme coins like i was approached by hey pad you can make a quick 10
00:10:58.620 million dollar meme coins i said i'm not interested in me it's not the thing i'm good but the whole
00:11:01.960 concept is it's non-duplicatable and that's why i think why you like these baseball cards i'll
00:11:05.860 never forget when you sold your wayne gretzky in 2020 and then we had a whole thing and then a
00:11:10.420 couple years later someone else sold it it was like double the price at that point but you know
00:11:14.920 that it's graded i remember i'll never forget i was in south beach and and everyone's still
00:11:19.280 standing in line looking at during art basil everyone's what are we in line for it's like
00:11:23.520 there's a banana on the wall with tape it's a 10 million dollar yeah it's a it's a 10 million
00:11:29.940 dollar banana and then you see a video of a guy just eating a banana yeah the guy that put it up
00:11:33.940 but you don't know what you're getting with the art but at least you know what you're getting
00:11:37.300 with these cards yes save that money so if you're you're a breaker manek me send me a manek maybe
00:11:42.440 we'll invite you and we'll do something together we'll break boxes maybe we'll put a requirement of
00:11:46.740 bringing a minimum of five boxes at a certain price point that you buy and you bring so everybody
00:11:51.900 in the corner while they're pulling something can come out i know we can have some fun with this
00:11:55.520 breaking thing is blowing up it is it's not going away i have friends not going away love it it is
00:12:00.400 not going away that's going to be around for a minute back in the day we used to do break dancing
00:12:03.960 For people who sit there and they say, you know, this is BS, this is this, this is that,
00:12:11.480 I'll tell you a basic story.
00:12:12.820 My wife was not a believer.
00:12:15.000 One day, I bought two Wayne Gretzky cards six years ago, seven years ago, for $540,000.
00:12:20.620 My wife says, what are you doing, babe?
00:12:22.360 I said, babe, hang tight.
00:12:23.920 18 months later, I took those two cards, worked with Heritage Auctions, put it on the market.
00:12:28.720 At 11.30 midnight, I wake my wife up and said, babe, you know those two cards I bought for $540,000?
00:12:33.760 She says, yes, I just sold for $2.2 million.
00:12:35.840 She says, what?
00:12:37.140 It was a record at the time.
00:12:38.340 Those $2.2 million cards that I sold today are worth over $10 million.
00:12:42.320 Wow.
00:12:43.000 What?
00:12:43.780 One of the cards I sold six months later sold for $3.5 million.
00:12:47.840 Just so you know, this works.
00:12:50.000 And this is pretty much the last chance for all of you because we got less than 30 days left for the vault.
00:12:54.040 And I'm going to give you guys a surprise attendee that will be there in the CEO session that I'll be announcing today.
00:12:59.800 So hang tight.
00:13:00.400 But first, I want you to watch the highlight of what happened last week at our campus during the Vault Networking event.
00:13:07.360 Go for it.
00:13:07.880 I believe in something very powerful.
00:13:09.740 You are the sixth person of the five people you surround yourself around.
00:13:16.380 The Vault is literally, in my opinion, the pinnacle of the crowd and the individuals that you should be around if you want to level up.
00:13:24.240 That's why we're here.
00:13:26.540 We are at the pre-Vault Networking event.
00:13:30.020 where we had private jets, supercars, CEOs, founders, executives
00:13:34.240 coming from all across Florida, even from different states
00:13:37.500 and even from different countries to start networking
00:13:40.060 with other entrepreneurs that are going to be at the VOL conference.
00:13:43.340 Look at that stud on the left.
00:13:44.660 Look at Tom, look at Tom, baby.
00:13:45.720 Stud.
00:13:46.300 Mario.
00:13:48.380 Buy a ticket, whether you're starting off at a general
00:13:50.440 or even an executive, like work your way up.
00:13:52.840 I like what she said.
00:13:53.480 Just because I feel like the perks of even a general admission ticket
00:13:55.420 is very good.
00:13:56.080 You kind of get to mingle with everyone.
00:13:57.680 And I think Pat does a great job of that, you know,
00:13:59.440 just because you don't have a CEO ticket,
00:14:00.900 it doesn't mean that you can't connect with everyone.
00:14:03.400 Recently, our company's softball team lost the big game by one run.
00:14:07.660 Then Dale tried to console us with the quote,
00:14:10.120 winning isn't everything.
00:14:11.980 Well, Dale and I are very different.
00:14:15.660 I get early payout from Bet365.
00:14:17.720 If my team goes up big, I get paid out instantly,
00:14:20.400 even if they blow the lead later.
00:14:22.380 Sound familiar, Dale?
00:14:24.160 Thanks, Bet365.
00:14:25.800 Must be 19 or older, Ontario only.
00:14:27.340 Please play responsibly.
00:14:28.060 If you have questions or concerns about your gambling
00:14:29.600 or the gambling of someone close to you,
00:14:30.680 please go to connexontario.ca and see supply.
00:14:39.500 Everybody is welcoming.
00:14:40.800 People will do business with you.
00:14:42.540 Your politics don't matter.
00:14:44.500 The dollar matters.
00:14:45.800 Making the money matters.
00:14:46.720 Making the connection matters.
00:14:47.860 Is that Jared?
00:14:49.860 Is that who I think he's a sniper?
00:14:53.000 Buy your ticket.
00:14:54.120 Go buy it.
00:14:55.260 Buy your ticket.
00:14:57.000 See you at the vault.
00:14:58.060 time to secure your access and we'll see you in vegas august 31st to september 3rd we'll see you
00:15:06.100 at the vault amazing it's coming it's right end of the month literally i can literally say it
00:15:12.500 changed my life there you go baby go to vault 2026.com go to vault 2026.com stephen bartlett
00:15:19.000 who made 42 million dollars last year podcasting logan paul who's about to be a billionaire he's
00:15:23.900 all over the place uh you got joe montana and jerry rice with possibly you know who may interview
00:15:30.500 them possibly you may who interviewed them had a conversation with them yesterday stephen a smith
00:15:34.880 may interview them even have you ever interviewed those two together he says i never have how about
00:15:38.660 you interview them instead of me because it'll be an exciting one and you know and then we have
00:15:42.500 dan martell ai he'll be there uh and on top of that at the ceo session those guys are going to
00:15:48.040 ceo you got bigger decisions to make i went and got the number one lawyer in america that'll be
00:15:52.460 at that event with us.
00:15:53.520 This is the lawyer of the top seven out of top ten richest people in America
00:15:57.560 use him as a lawyer, Alex Spiro, who is Musk's lawyer,
00:16:01.460 who is Bezos' lawyer, who is probably the most feared man in law in America.
00:16:07.040 He'll be in the CEO session.
00:16:08.480 Those of you guys that didn't even know the CEOs,
00:16:10.220 you'll get a chance to ask Alex a question at the end of the interview,
00:16:14.280 end of what do you call it, the CEO session together.
00:16:16.920 So if you haven't registered, go to Vault 2026.
00:16:19.340 Register.
00:16:19.660 We will see you guys at MGM, again, vault2026.com.
00:16:23.940 Bring your spouse, bring your partner, bring your peers.
00:16:26.160 Don't come along.
00:16:26.780 We look forward to seeing you there.
00:16:27.700 If you enjoy this video, you want to watch more videos like this, click here.
00:16:30.340 And if you want to watch the entire podcast, click here.
00:16:37.560 Recently, our company's softball team lost the big game by one run.
00:16:41.720 Then Dale tried to console us with the quote, winning isn't everything.
00:16:46.100 Well, Dale and I are very different.
00:16:49.660 I get early payout from Bet365.
00:16:51.680 If my team goes up big, I get paid out instantly,
00:16:54.480 even if they blow the lead later.
00:16:56.500 Sound familiar, Dale?
00:16:58.300 Thanks, Bet365.
00:16:59.900 Must be 19 or older Ontario only.
00:17:01.440 Please play responsibly.
00:17:02.260 If you have questions or concerns about your gambling
00:17:03.680 or the gambling of someone close to you,
00:17:04.760 please go to connexontario.ca TNC Supply.