Post Malone Snags Magic: The Gathering's Rarest Lord Of The Rings Card: Here's How Much He Reportedly Spent
Portfolio Pulse from Chris Katje
Rapper Post Malone has reportedly purchased the rarest Magic: The Gathering card, owned by Hasbro Inc (NASDAQ:HAS), for $2.6 million. The card, part of the Lord of the Rings set launched in 2023, is a one-of-one card, meaning there is only one in existence. The purchase comes as Magic: The Gathering sees strong sales growth for Hasbro, with the company reporting a 16% YoY increase in segment revenue in Q1.
August 04, 2023 | 11:53 am
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POSITIVE IMPACT
Post Malone's purchase of the rare Magic: The Gathering card could potentially increase interest and sales in the product, benefiting Hasbro.
The news of Post Malone's purchase could increase interest in Magic: The Gathering cards, potentially leading to increased sales and revenue for Hasbro. This could have a positive impact on Hasbro's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100