Kevin O’Leary Shifts from NFTs to High-Value Physical Collectibles with $13M Sports Card Purchase

Kevin O’Leary, chairman of O’Leary Ventures and "Shark Tank" star, has declared NFTs a passing fad while pivoting to physical collectibles. His latest acquisition—a $13 million dual Logoman card featuring Kobe Bryant and Michael Jordan—signals a strategic MOVE into rare sports memorabilia. "The majority of the returns over 20 years have accrued to the collectors who bought the piece uniques," O’Leary said, drawing parallels to his investments in Andy Warhol art and luxury watches.

The card, once valued at $75,000, exemplifies the explosive appreciation potential of unique physical assets. O’Leary co-purchased it with two investors, emphasizing pragmatism over exclusivity: "I'd rather own 33 and a third of it than zero." He dismissed NFTs outright, stating, "That fad came and went. I'm very fortunate I didn't get involved."