Tigard company builds vault to hold collectable cards

January 10, 2019 by  

PWCC Auctions, based in Tigard, is currently constructing a concrete and welded metal vault in Tigard that will be secured with doors weighing 6,000lb.

The structure, at a cost of $4m, will be safeguarding sports cards for athletes such as Kareem Abdul-Jabbar, Bronko Nagurski, and Mickey Mantle. The goal is to keep and sell collectables, from 100-yeard-old baseball cards to the Pokémon cards sought out by today’s kids.

Brent Huigens, founder and chief executive of PWCC, said the new building will be able to hold two million cards at a time. He added that it is designed so that collectors know that their cards will be kept safe and can be easily sold or traded. Various printing services can be used to inform collectors of such items and keep them abreast of the progress of such a building.

In 2018, the company sold over 200,000 trading cards for a total value of $50m. The cards are typically listed on eBay and the company serves as a marketplace for the cards, earning a commission on each sale. The company also charges customers a yearly percentage of the value of their cards for their storage.

The collection of sports cards has been a hobby for American kids since the early 1900s and now wealthy collectors and investors are taking an interest in them.