The Chernin Group Invests $40 Million USD Into Goldin Auctions

Along with funding from Mark Cuban, Kevin Durant, Timbaland, Logan Paul, Dwyane Wade, and Mark Wahlberg.

By
Gaming
3,064 Hypes 2 Comments

Goldin Auctions has just announced a $40 million USD investment from The Chernin Group, coincidentally also known as TCG.

With the trading card/collectible market booming to $10 billion USD in annual transactions, Goldin Auctions, with its decades of experience, has caught the attention of many. “The collectibles industry has come a long way over the last 40 years and its popularity today is the result of enthusiastic, passionate and knowledgeable collectors,” said Ken Goldin. “With the help and expertise of our new partners, we plan to always prioritize our consignors and buyers by providing them the safest and easiest way to trade these amazing and valuable assets. As a result, we’re confident that we’ll help oversee the continued growth and expansion of the industry as a whole.”

On top of The Chernin Group’s investment, other firms and notable persons have also put up funds. Names like: Mark Cuban, Kevin Durant, Timbaland, Logan Paul, Dwyane Wade, Mark Wahlberg, and Deshaun Watson, to name a few. This big move also sees Ross Hoffman (ex-Twitter, Google and Headspace) join the Goldin team as the new CEO. Ken Goldin (pictured above holding $8 million USD worth of cards) will remain on the team as Executive Chairman and Founder. TCG Co-founder and Partner Jesse Jacobs commented, “We are investing in Ken’s vision, credibility and experience as well as Ross’s leadership. We are thrilled to be on team Goldin as it continues to give back to the community and provide more great resources, content, cards and memorabilia for its collectors.”

In other collectible news, Yu-Gi-Oh! TCG is releasing a $1,000 USD Blue-Eyes White Dragon.

Read Full Article

What to Read Next

The Nike Air Max 95 "Sail/Black/Chile Red" Features a Dual Lacing System
Footwear

The Nike Air Max 95 "Sail/Black/Chile Red" Features a Dual Lacing System

Extending all the way to the tip of the toebox.

This Is a Rendering of Tesla's Cheaper Hatchback Model in Development
Automotive

This Is a Rendering of Tesla's Cheaper Hatchback Model in Development

Reportedly priced around $25,000 USD.

Skittles Camouflaged Packaging Makes for an "Impossible" Easter Egg Hunt
Food & Beverage

Skittles Camouflaged Packaging Makes for an "Impossible" Easter Egg Hunt

Mimicking tree bark, sand, grass, asphalt, and even kitchen tile.


'The Falcon and The Winter Soldier' Receives Official TV Rating
Entertainment

'The Falcon and The Winter Soldier' Receives Official TV Rating

The series will have a similar tone to ‘Captain America: The Winter Soldier.’

Premium Black and Gray Suede Uppers Outfit the Air Jordan 35 "Fear"
Footwear

Premium Black and Gray Suede Uppers Outfit the Air Jordan 35 "Fear"

Take a close look at the finely-quilted ankle collars.

Kering Brands See Growth Slump as Gucci Sales Drop 10% in Fourth Quarter
Fashion 

Kering Brands See Growth Slump as Gucci Sales Drop 10% in Fourth Quarter

Shares in the conglomerate dropped eight percent Wednesday morning.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.