Kevin O'Leary's group paid a record $11 million for a 1-of-1 Shohei Ohtani card, the third-highest public sports card sale ever.
O'Leary targets 5% portfolio allocation in elite cards, framing them as an ETF-style alternative asset amid rising M2 money supply.
Cards produce zero income, carry heavy transaction costs, and can go 30 years without trading, which makes them a poor fit for most retirees.
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Kevin O'Leary went on CNBC this week to pitch 5% of his portfolio in high-end collectible cards, and his group just paid a record sum to prove he means it.