[sphere and ash]

Imagine that you could borrow against graded cards. The minimum loan would be $25,000. Loan-to-value would be 50%. Rates would be L+6% to L+8% (L is currently 2.5%).

What is your best guess as to how much would be borrowed in a year? Could you see borrowing against your graded cards under these terms (I recognize the minimum is prohibitive for some)?

Thanks for your help. I’m a memorabilia guy with very limited knowledge of cards, but I’m intrigued by the business opportunity. Any other thoughts would be appreciated. Thanks.