Bill Ackman says Max Verstappen trading card sells for 300,000

Bill Ackman, the hedge fund manager, has made some startling calls, including a recent one that the U.S. economy is headed for a train wreck. The billionaire investor could have a new place for investors to turn.

What Happened: Ackman discussed his best and worst investments in an interview.

He pointed out that there is an area that could be ripe with new investment opportunities.

Ackman tweeted that the Max Verstappen trading card sells for almost 300,000 after auction bidding war.

The card in question is the 2020 Topps Chrome Formula 1 Sapphire Edition Padparadscha graded PSA 9, or mint condition.

The auction marked the second-highest price for a Verstappen card, trailing only $534,000 for a 2020 Topps Chrome Superfractor Auto PSA 9 in August 2022.

In 2022, the record was set for a Formula 1 card when a seven-time league champion Lewis Hamilton sold for $900,000.

Ackman also tweeted about the Formula 1 cards, along with a new trading card launch centered on the sport of tennis.

These Topps player trading cards are the first of many new revenue-generating opportunities to come for tennis players and offers for fans. The potential of tennis is enormous for all members of the tennis ecosystem. Ackman tweeted that it was great to see the ptpaplayers lead the way.

Ackman said the launch of the tennis cards is extremely important, not just for collectors and investors, but rather for players of the sport.

While tennis is an extremely popular sport, the economics of the game are very poor for all but very few top 80-100 players. He noted that most players lose money on the tour.

The Topps cards mentioned by Ackman are part of a partnership between the Professional Tennis Players Association PTPA and Fanatics. The deal was the first group licensing agreement in the history of professional tennis.

Men and women s tennis players will be able to opt into the licensing agreement and be featured in trading card sets.

Why It is Important: Investors and trading card enthusiasts have probably heard of top valued cards like the T - 206 Honus Wagner, 1952 Mickey Mantle and various cards featuring Wayne Gretzky, Tom Brady, Babe Ruth and Pele.

As the sports rise and investors and collectors take note, the value of Formula 1 and other smaller-watched sports in North America could see an increase in value.

In many parts of the world, including the U.S., Liberty Formula One Group FWONA, has seen a surge in popularity, as it is publicly traded as Liberty Formula 1, which is publicly traded as Liberty Formula One Group FWONA.

A 2020 Topps Max Verstappen signed Triple Patch Card and a 2020 Topps Lewis Hamilton signed Triple Patch Card are included in a new trading card index that tracks fractionalized assets from the likes of Collectable and Rally Rd. Verstappen is ranked first in the Formula 1 standings and is on track to win his third straight Formula 1 World Championship, with current betting odds of 550 at DraftKings.

Some rookies of top players have been extremely valuable because of the limited amount of trading cards that tennis has had over the years. Serena Williams' rookie cards broke records and saw strong demand in 2022, as Williams announced her retirement.

Serna's husband Alexis Ohanian has one of the largest collections of Serena's cards.

The rookie cards of many top upcoming tennis stars could be good investments, as a result of the new Topps tennis card set.