'A handwritten letter by Tom Seaver': Inside the business of baseball nostalgia

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The downward trend in Major League Baseball attendance is alarming. Average attendance at pro ballparks as of early June was at a 15-year low. And in a January 2018 Gallup poll, 37 percent of Americans said their favorite pro sport to watch is football, while only 9 percent said baseball.

This is despite rising investment from MLB sponsors, a new commissioner with progressive views on gambling and pace of play, and two thrilling postseasons in a row (with the Chicago Cubs breaking a 108-year dry spell in 2016, then the Houston Astros winning their first ever title in 2017).

One of the areas MLB is eyeing to help stoke attendance and broader fan interest is collectibles.

In recent years, ballparks have ramped up the number of giveaways and promotions like bobblehead nights. And many of the bobbleheads now up for grabs at ballparks aren’t even modeled after a player on the home team but are tie-ins to TV and film franchises like Game of Thrones, Guardians of the Galaxy, and Captain America.

Photo: MLB
Photo: MLB

MLB is eyeing digital collectibles, too. Later this summer it will launch a blockchain-based game in which users pay in cryptocurrency to buy and trade digital memorabilia tied to specific game moments. Skeptics may scoff, but the league is clearly willing to throw things at the wall right now and see what sticks to lure casual fans back to the sport.

“Collecting items related to your team, engaging with your team in a new way” can reignite fan excitement, says MLB executive VP of gaming and new business ventures Kenny Gersh. “Those moments in sports that happen that you want to remember and cherish.”

MLB is also working with Hunt Auctions again this year to put on an auction of rare memorabilia during All-Star Weekend. The docket includes a famous photograph of Babe Ruth from 1921 and Mickey Mantle’s 300th home run baseball from 1960.

Baseball collectibles: timeless appeal

Collectibles make sense for the league as a vehicle for growth because rare items tend to transcend the current popularity of the sport. (Just two years ago, the famous Jumbo T206 Honus Wagner baseball card sold for a new record $3.2 million.)

Take Bergino Baseball Clubhouse, a baseball art shop that opened in 2010 in Manhattan’s East Village. Owner Jay Goldberg, a former sports agent and lifelong Mets rooter, is no fan of how MLB is running things these days. But he says his love for baseball as a sport can’t be ruined—and the collectibles business is the same way.

Sales at his store, Goldberg says, are “not really tied to the current popularity of baseball. Baseball has a lot of problems. Attendance is doing terribly. And I think the way they’re handling it is exactly the opposite of the way they should be handling it. But the Clubhouse is not geared toward current baseball. As a matter of fact, I don’t sell anything about a current player. Nothing, since the time I’ve opened.”