Welcome to the Sports Memorabilia Insider – FREE VERSION. Today we have a deep dive into a pair of 2002 Kobe Bryant Signed Game-Worn Sneakers that are IPOing on Collectable Thursday June 3rd at 8 PM EST.
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Table of Contents
Kobe Bryant Game Worn and Signed Sneakers
About the Asset
This is a pair of signed Yellow Toe Reebok Questions worn by Kobe Bryant in a game on December 8, 2002. The model was originally made for Allen Iverson but customized by Reebok for Kobe as part of their pitch to have him sign a shoe contract with them. Each shoe is signed. Collectable is playing up the 1/1 aspect of it, but pretty much all game-worn items are inherently 1/1. There are plenty of other signed, game-worn Kobe sneakers out there.
This pair of shoes was bought from a private collector who got absolutely fleeced on Pawn Stars (the shoes are featured starting at the 4:30 mark and then again around the 7:20 mark):
Seriously, though — the guy sold a bunch of items (two other pairs of shoes, and other signed items) for $40,000 (after asking for $70,000). To get so badly ripped off and then have it shown on television. Ouch.
Later in the clip, the buyer offers to sell this exact pair of sneakers for $19,000. I have no idea when it was filmed but the clip is from November, 2020.
It appears that Collectable (or the consignor) purchased the shoes for $80,000.
If you were signed up to Insider (start a free trial), you’d also learn:
- Projected future growth
- Asset class ROI, volatility and risk statistics
- Detailed valuation with recent sales
- Our verdict
About the Drop
This asset will drop on Collectable at 8 PM EST on June 3rd for $88,000. There is no retained equity. Collectable have been scheduling their assets for trading around 60 days after the IPO funds and from that point it trades every weekday.
Add IPO to calendar
About Luka Doncic
We’ve covered Kobe a bunch with the most detailed write-up here. But you know who he is – a transcendent cultural figure whose tragic death has led to his memorabilia being even more desirable. I suspect that over the next generation, it’s going to be Jordan, LeBron and Kobe that stand above everyone else.
In 2002-03, the year the sneakers are from, Kobe was an All-Star and All-NBA 1st team but the Lakers lost in the playoffs to the eventual champion Spurs.
Recent Sales and Current Valuation
[Detailed Valuation for Insiders Only]
Category Strength
The sports memorabilia category had a -8% ROI in Q1 2021.
Subcategory Strength
Growth Potential and Future Catalysts
The Lakers might be eliminated from the playoffs soon, but if they happen to come back and make a deep run or win the title, you can bet that Kobe memorabilia will benefit. As a speculative investment long-term, you could do worse – Kobe items will always remain desirable.
Verdict
[Full Evaluation for Insiders Only]
Be advised that most recent Collectable IPOs, especially the sports memorabilia ones, are falling (some around 25-30%) immediately upon entering the secondary market.
