Marketing and Sponsorship

Fanatics bullish on new online auction platform

By Na'Andre Emerson
Fanatics Auctions has been integrated into the digital platform’s e-commerce with collectibles including game-worn items and autographs FANATICS

Fanatics' latest effort to expand its online offerings is through its new Auctions arm, which is closing out its inaugural Fanatics Holiday Premier Auction later tonight. Fanatics Exec VP Victor Shaffer said the brand hopes to "expand the entire universe of auction buyers." Fanatics Auctions has been integrated into the digital platform’s e-commerce with collectibles including game-worn items and autographs from Zion Williamson, Tom Brady, Shohei Ohtani and Sabrina Ionescu. Shaffer said Fanatics is attempting to provide competitive advantages that give them a big distinction between their auction platform and “anybody else in the space.” A key to that, Shaffer said, is not having a buyer’s premium on items that could be upwards of 20% or more. Shaffer: “If they bid on a item say $100K, if they win, that’s what they pay ... no hidden fees.”

GOOD EARLY RESULTS: Shaffer said Fanatics has gotten “great results” since the online auction launched in early November. Of the 50 items available, nearly 200 bids have been made as of this morning with the end of the auction nearing. Shaffer: “We’re bringing in fans that historically haven’t been registered with Fanatics or any auction platforms.” Their current auction includes some of the company’s memorabilia from exclusive agreements they have with various athletes. The current highest price item in the holiday auction is a PSA 10 ‘86 Michael Jordan Fleer #57 Gem Mint Rookie Card at $240,000 while the highest bid-upon item is an ’18 Super Bowl Patriots autographed helmet with 43. Fanatics also has more affordable options in the holiday auction, Shaffer said, as the company sees the importance of providing "value to fans” of all economic capacities.

SBJ Morning Buzzcast: May 27, 2022

Yankees/Rays join on social messaging; Pickleball's big weekend in Queens and Cindy Parlow Cone's victory lap

USA Track & Field Celebrates CEO Max Siegel & Culture of Excellence

USA Track & Field celebrates a decade of being under the guidance CEO Max Siegel and discusses how he bridged the gap between the performance on the field and in the front office. Joining us on today's episode are Olympians Jackie Joyner-Kersee, Chaunte Lowe and Wallace Spearman along with USATF CEO Max Siegel himself.

SBJ I Factor: Matthew Caldwell

Today’s episode features Matt Caldwell, president and CEO of the Florida Panthers, talking with SBJ’s Abe Madkour about his unconventional path into the industry, his experience at West Point and during combat in Iraq, and how the leadership and teamwork he encountered in the military shapes his career today. Caldwell is a member of SBJ’s Forty Under 40 class of 2018.

Shareable URL copied to clipboard!

Sorry, something went wrong with the copy but here is the link for you.