Love the Mug You’re With: With Guests Joel Platt, Sally Sadoff & Richard Thaler

TL;DR

Joel Platt, founder of the Sports Immortals collection, believes he has the most valuable sports memorabilia collection in the world, featuring items from iconic athletes such as Muhammad Ali and Babe Ruth.

Transcript

we're starting today with a brief tour of the sports Immortals collection in boa Raton Florida that's a bell from the Jack Dempsey Lis furo championship fight at the polar Grounds New York City on September 14th 1923 terrific right by fpo and Dempsey go flying out of the ring refere which fpo knocked Dempsey out of the ring in the crowd uh helped h... Read More

Key Insights

• 🌍 Collector Joel Platt believes he has the most valuable sports memorabilia collection in the world, featuring items from iconic athletes such as Muhammad Ali and Babe Ruth.
• ⚾ His collection includes items from various sports, including baseball, boxing, and football.
• ⚾ Platt's passion for collecting sports memorabilia started during his recovery from a childhood accident, during which his father bought him baseball cards.

Questions & Answers

Q: How did Joel Platt start his sports memorabilia collection?

After recovering from a childhood accident, Platt's father started buying him baseball cards, which sparked his love for collecting sports memorabilia.

Q: What is Joel Platt's favorite item in his collection?

Joel Platt's favorite item in his collection is Muhammad Ali's 1960 Olympic jacket, which he considers priceless and would not sell for any amount of money.

Q: Has Joel Platt ever considered selling items from his collection?

While people have offered large sums of money for items in his collection, Platt has never considered selling them, as they hold sentimental value and are more valuable to him as part of the overall collection.

Q: How did the endowment effect impact the valuations of the sports memorabilia items?

The endowment effect, which causes people to value things they own more than things they could own, was evident in the valuations placed on the items in the collection. Independent assessments often valued the items lower than the amounts Platt believed they were worth.

Summary & Key Takeaways

• Joel Platt's passion for collecting sports memorabilia began after a childhood accident that left him bedridden for over a year, during which his father started buying him baseball cards.

• Platt's collection evolved from cards to autographs and momentos from sports legends.

• Some of the most valuable items in his collection include Muhammad Ali's 1960 Olympic jacket and Lou Gehrig's first baseman's glove.