A rising star and millionaire, Ken Goldin has become Netflix’s shiny new toy, as it released the new six-part reality series, King of Collectibles: The Golden Touch, introducing to us a whole new world of collectibles and how one man managed to build an empire out of it. If you have not watched the series, then let us introduce you to the man himself, along with his net worth and earnings.
Ken Goldin is the new guy in town who has a sort of a midas touch. He is the owner of Goldin Auctions, an organization that has managed to sell a little over a billion worth in sports collectibles. The Netflix series that he agreed to film and put out in the public is basically the behind the scenes of how everything works, and it gives us an insight into his empire.
In an interview, Ken revealed that he initially got into this trading business at a very small scale and at an extremely young age. Apparently he started trading and selling baseball cards to his friends and people he knew, and it managed to get him enough money to pay for his college.
Realizing that there might be money in this type of business, he set up Score Board Incorporations back in 1986, where he got players and athletes to sign autographs under special contracts that allowed Ken and his father to sell these autographs at an extremely high price. The players also obviously got a part in whatever the earnings were.
In its first year of establishment, the company did $1 million in sales and this amount went $20 million in 1989, and a $100 million in 1994. The company suffered heavily because of an oversupply of baseball cards that led to its devaluing, but Ken found ways to keep himself afloat until 2012, when he established Goldin Auctions.
Ken has confessed that he finds a strange thrill and joy in finding such items and the fact that he gets to sell it to people and tell them that what they have in their hand is one of kind, is probably the best part of his job.
The fifty-seven-year-old started trading as a hobby and has now monetised it ever so cleverly. He has called his company the “world’s largest marketplace for collectibles”. Let us take a dive into Ken Goldin’s present net worth and earnings.
Ken Goldin’s Net Worth
Money has always been a huge motivating force for Ken Goldin and it has pushed him to establish himself as a tycoon in the industry of trading and auctions. We guess that after years of being in the business, his net worth stands at whopping $50 million.
The 2012 established company, Goldin Auctions made around $101 million in sales in the year 2020 and this amount increased by $200 million, as the sales for 2022 stood at $300 million. Clearly, people have realized the importance of investing in alternative assets which has, in response, caused his business to flourish.
Goldin revealed that in 2021 he managed to sell $41 million in cards and other sports collectibles at just one auction. To give you an estimate of how high the prices at such auction goes, Ken sold a Kobe Bryant’s 1996 Topps Chrome Refracter card at a price of $1.75 million.
Obviously, Goldin does not just get to keep the yearly sales all to himself and much like any other company, there are a lot of things to be taken care of. While we may not know the complications, we do know that Goldin spares for himself 20% for every sale that he makes.
The website of the company suggests that for the sale of items, the commission that the company gets will be decided by a negotiation between Goldin and the other party. Another thing that should be noted is that the Ken Goldin own not one but two companies, and he earns revenues from both of them.
He has become extremely successful in the field almost to the point of monopolising it. In 2021, his company made $200 million in sales, keeping in mind the previous sales numbers that we told you, a quick math will reveal that his sales have increased by a steady $100 million every year.
The businessman continues to grow his business, becoming a prominent figure in the field and living a comfortable and luxurious life.
Also Read: Liam Broady Net Worth
