Ken Goldin has a net worth of $40 million. Goldin makes the earnings as the founder of Goldin Auctions LLC and Goldin Sports Incorporation.
If you are into trading cards and have done auctions in the market, you probably have heard about Goldin and his fantastic story.
Ken started collecting cards for fun with his father, which later became a million-dollar establishment.
Goldin graduated from The George Washington University School of Business in 1985. Later, he joined Drexel University from 1985 to 1987, studying Business Administration and Management in General Studies.
Now, not only is he just one of the renowned names among card buyers and sellers, but he is also known among many sports fans and celebrities.
Plus, his new show is coming on Netflix, showing him dealing with his collection among many celebrities, buyers, and sellers.
Recently, Ken has been the talk of the town for his upcoming show. His show King of Collectibles: The Goldin Touch is set to premiere on April 28, 2024, on Netflix.
Netflix introduced King of Collectibles via their website on March 31, 2024.
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Ken Goldin Net Worth
Ken Goldin net worth is $40 million as per Bloomberg. Goldin is the co-founder of The Score Board Inc. and CEO of Goldin Sports Inc.
The King of Cards started his journey as a tween. He started out by trading his electric racetrack car for his friend’s collection of about 5,000 baseball cards of famous baseball players Hank Aaron, Willie Mays and Nolan Ryan.
His interest in baseball cards also sparked interest in his father Paul Goldin. This led the father and son duo to have a hobby of card collection more than a business opportunity they pursued with Zeal Cards.
With their ardent collection, they had begun enriching their pockets and card collection. Later the duo also started to travel to trade shows, where they purchased and sold more cards through advertisements.
By the time Ken was 11 years old, he was one of the biggest money earners among many pre-teens in his neighborhood. He alone was earning more than a thousand bucks by selling baseball cards from his collections.
According to Encyclopedia, in the early 1980s, the father-son pair had spent about $200,000 just on cards, with more than five million cards in their collection.
During the 1980s, the sport-related trading card market also grew by leaps and bounds, which helped Paul Goldin to tap into the market as a full-fledged entrepreneur.
Ken’s father started the business when he saw an opportunity with his associate, Arthur Sherman. Along with their public offering, the company began to grow.
By the early 1990s, the company had profits of 100 million. However, the company began to downgrade following the demise of Paul. But this hardship didn’t stop Ken as he started another Goldin Sports Inc business.
Later, he started his Goldin Auction, which auctions rare sports cards and memorabilia.
How Much Is Golding Auctions Worth?
Goldin Auctions net worth is around $500 million. The company has sold more than 1 billion dollars worth of sports collectables to date.
At the same time, employees in the Goldin Auction LLC earn an average salary of $87,701.
Per Salary.com, their salaries range from $77,857 to $98,893, depending on the title and experience of the individual employee.
Goldin Auction is a leading marketplace for trading cards, sports memorabilia, collectables and many other items. It has been one of the card and memorabilia highest auctioneers in the present day.
They auction these items and produce the highest percentage of new collectables and cards. The company was established in 2012 by Ken Goldin in Runnemede, New Jersey.
Though the company was established in 2012, its significant rise in the market came after the world was hit by the pandemic. Before that, if his auction sold more than $10 million was already high enough.
But that all changed when the auction sold 16 million worth of sports memorabilia in November 2020, which was the best record of the company in a month at that time.
By the time of the first month of the new year, the company sold more than 36 million in a single month. It was more than they had ever done in previous years.
As time went by, each month brought more sales for the auction. For about 2500 items per week, thousands of potential buyers were bidding for items. Some bid prices reached a million dollars for items such as rookie cards featuring LeBron James, Kobe Bryant and Robert Clemente.
According to Yahoo Sports, the star sold his company, Ken Goldin Goldin Auctions, to Collectors Holding in the latter half of 2021. The company had over $500 million worth of sports collectables in the same year.
Collector Holdings is a group owned by the owner of New York Mets owner Steve Cohen, hedge fund billionaire Daniel Sundheim and venture capital investor Nat Turner.
Though he has already sold the company, he remains with the firm and operates Goldin Auctions as an independent business.
The auction house has also received 40 million dollars in investment led by the Chernin Group, run by media mogul Peter Chernin. This has attracted many celebrities such as Durant Dyawne Wade, Paul Logan, Bill Simmons and Mark Cuban.
Currently, Ross Hoffman is the Ceo of Goldin Auction. Hoffman previously was the Vice President, Partnerships at Twitter Inc.
What Are The Most Bid Memorabilia By The Company?
The most bid memorabilia by Goldin auctions are the Honus Wagner card, Action Comics, and Kobe Bryant’s rookie jersey. The Honus Wagner was sold for $7.25 million.
1. Mike Trout Rookie Card
Mike Trout can be regarded as one of the best players of his era and is a legendary batter in his baseball legacy. And many fans want to acquire his best memorabilia for investment purposes.
On August 24, 2020, the company produced a rare signed Trout rookie card to be sold in their auction. According to their Twitter account, that rookie card made history as the card was sold for a staggering $3.93 million.
This was the highest price ever paid for a trading card before 2020.
This particular 2009 Bowman Chrome Draft Prospects Superfactor card has a serial number of an initial digit of 1, with only one ever made. The card had also received a grade of MINT 9 by Beckett Grading Services, along with Trout’s signature included in the card.
2. Game-used Kobe Bryant Signed Rookie Jersey
Kobe Bryant is a legend of the Basketball world. Though he is resting in peace, he still is regarded as one of the greatest basketball players and many fans adore and love him to this day.
So, when Goldin brought a rookie jersey worn and signed by Kobe Bryant, the auction world went crazy. The auction house brought his memorabilia on September 3, 2022.
According to Action Network, the legendary Bryant’s rookie jersey was amazingly sold for a total of $3.69 million which also broke the record for the most expensive basketball jersey ever sold.
3. Jumbo T206 Honus Wagner Card
Like any legendary baseball player, Honus Wager is regarded as the best from a century ago. Now, his memorabilia is in excellent condition, and one piece has a high price rarely seen in the cards auction.
In 2016, when the card was handed to Goldin Auction nj company, Ken had predicted that the card could break the $4.4 million record price paid for any piece of sports memorabilia.
Though that did not happen, it set record prices for trading cards at public auctions then.
According to Yahoo Finance, the granddaddy of all rare baseball cards was sold for $3.12 million, a sky-high price for a card in the mid-2010s. It was not broken until when Mike Trout’s card topped the price.
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