Hey Collectors,

The sports card industry came together earlier this week in Atlanta for the 2025 Topps Industry Conference, and the team at Topps made a bunch of news, including the announcement that they’ll take over the NBA license starting in October.

The next major event on the sports card calendar? Fanatics Fest, which is returning to NYC June 16th-23rd. The Mantel team will be there, and we just announced we’ll be partnering with Bleecker Trading on events, giveaways, content and more, so stay tuned for some exciting updates.

NY Post: Tariffs Are Driving Investors to Pokémon and Mickey Mantle as Trading Cards Gain Credibility as Domestic Assets

As tariffs raise the cost of imported goods, investors are turning to domestic alternatives — notably, trading cards, per an op-ed from Alt CEO Leore Avidar and Alt (and Mantel) investor, Alexis Ohanian. Once dismissed as mere hobbies, Pokémon and sports collectibles are now recognized as viable financial assets, with a $15B market value and growing credibility. The market’s rise is fueled by nostalgia, savvy data-driven investing, and a desire for assets immune to global supply chain volatility.

The Athletic: Alt Files Lawsuit Against PWCC Alleging Fraud in Patrick Mahomes, Kobe Bryant Card Auctions

Alt has filed a lawsuit against former auction house PWCC (now owned by Fanatics), alleging fraud and breach of auctioneer duties. The lawsuit claims PWCC orchestrated a widespread shill bidding scheme to artificially inflate auction prices for high-value sports cards. Alt estimates its losses at $13.7M due to PWCC’s actions, though PWCC called the lawsuit baseless and lacking evidence. This lawsuit follows a previous eBay suspension of PWCC for shill bidding in 2021, and concerns auctions involving high-profile cards like Patrick Mahomes’ and Kobe Bryant’s rookie cards.

Motorsport.com: Lewis Hamilton Teams Up With Fanatics After London Store Launch

Lewis Hamilton has signed a multi-year trading card and memorabilia partnership with Fanatics Collectibles. The deal includes autograph exclusivity and will feature premium items like “relic” cards containing race-worn gear. Hamilton helped launch Fanatics’ new flagship store in London last week, and shared that he owns around 400 race-worn helmets. With F1’s existing Topps deal, this partnership positions Hamilton as a high-end draw — fitting, given that one of his 2020 Topps cards sold for a record $900K, the most ever for an F1 card.

cllct: T206 Honus Wagner Card Sells for $1.98M

A restored T206 Honus Wagner card sold for $1.98M at Mile High Card Company—just $12K more than its 2023 sale, sparking concern in the hobby. While technically not a loss, its Compound Annual Growth Rate dropped to just 0.37%, a stark contrast to the 17–50% CAGR of other recent Wagner sales. Some speculate the market is cooling or that the sale timing (with another, better-condition Wagner set to hit the market) diluted demand. While one sale doesn’t confirm a trend, this result challenges the long-held belief that Wagners are bulletproof investments.

Sneaker News: The Nike Air Force 1 “Dirty Triple White” Gets Fresher As You Wear It

Nike’s latest release, the Air Force 1 “Dirty Triple White,” blends two sneaker culture factions—those who want a fresh pair at all times and those who prefer a worn-in look. This version comes pre-distressed, with a sheer layer over the shoe that wears away over time to reveal a clean AF1. The shoe also features a unique “toothproof” attachment, allowing wearers to start the process of un-distressing immediately. The shoe will be released on the SNKRS app next week for $130.