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Headlines and Highlights: Week of November 3rd

Headlines and Highlights: Week of November 3rd
November 3, 2023
Keenan Flack

GemRate October Recap

GemRate’s October recap is here! Year over year increases for every grader, with CGC finding +101% gains over the past year. SGC found a record monthly high of 129,000 cards graded, growing +12% since September and +59% over the past year. 

PSA still remains top dog, in no small part thanks to TCG & Non Sport grading. Rising +68% over the last year, but falling off by -8% since September. CGC has also found continued growth in the category, growing by a whopping +180% since September. Though there was some pop report maintenance over at CGC this month, they are claiming that these numbers are accurate.

Wemby-mania has reached the hobby in full force, even with a supply of cards that have only just been released, the French phenom’s Topps Now Draft card is the most graded PSA sports card of the month. GEMRATE

Artist hit with $1.6 million in damages for selling ‘replica’ BAYC NFTs

Credit: Yuga Labs

In a recent legal dispute over the NFT series Bored Ape Yacht Club (BAYC), artist Ryder Ripps and co-creator Jeremy Cahen have been ordered by a California judge to pay over $1.5 million in damages. They had attempted to produce and sell their own version of Bored Apes, labeled RR/BAYC (Ryder Ripps Bored Ape Yacht Club), claiming it was a parody. U.S. District Judge John F. Walter rejected this defense.

The court found that Ripps and Cahen had "intentionally infringed" on Yuga’s BAYC Marks. Despite initial legal action by Yuga Labs, the defendants continued to market their RR/BAYC NFT collection. The court observed strong similarities between the two products, emphasizing that Ripps’s NFTs were too similar to Yuga's trademarks, leading to potential online user confusion. ARTNET

Collectible Happenings

The uniform and shoes Kobe Bryant wore during his final road game will be auctioned by SCP Auctions in mid-November. Earlier this year, a Bryant jersey from his 2007-08 MVP season fetched $5.8 million, highlighting the high demand for memorabilia linked to the basketball legend. SPORTSCOLLECTORSDAILY

The 1989 Lamborghini Countach 25th Anniversary Coupé driven by Jordan Belfort in the movie ‘The Wolf of Wall Street’ is going up for sale at Bonhams. Estimated at $1.5 - $2 million the car will be sold following the close of this Formula 1 season in Abu Dhabi. BONHAMS

eBay has introduced a new mailing kit tailored for sellers of ungraded, lower-value trading cards, offering an eBay-branded envelope with a three-pocket insert for card placement and a protective cardboard insert. Priced at $41.33, the kit provides 100 envelopes, pockets, and cardboard inserts, streamlining the company's low-cost Standard Envelope shipping option which allows for sending up to 15 raw cards with USPS tracking. SPORTSCOLLECTORSDAILY

Serop Simonian, an art dealer, has been arrested and charged with leading an illegal trafficking ring that allegedly sold trafficked Egyptian antiquities to institutions like the Louvre and the Met. The global investigation has implicated multiple dealers and museum professionals, with Simonian believed to have sold the artifacts for around €60 million ($63 million), claiming they left Egypt legally in the 1970s. ARTNET

Vince Lombardi's iconic office phone, once turned over to his longtime secretary Ruth McKloskey after his tenure as the Packers’ general manager ended in 1968, is up for auction at Heritage Auctions. Complete with a silver plate courtesy of Mack Trucks and boasting an engraving of "Vince Lombardi", the phone is expected to fetch upwards of $20,000 in the company's Fall Sports Catalog Auction. SPORTSCOLLECTORSDAILY

BONUS HALLOWEEN CONTENT: A+ Costume of a Steph Curry card TWITTER

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