Logan Paul’s Coveted Pokémon Card Fetches $16.5M, Includes Diamond Necklace
Logan Paul, the social media influencer and professional wrestler, recently achieved a remarkable milestone by selling a rare Pokémon card for an astounding $16.492 million. This sale not only highlights the card’s immense value but also Paul’s savvy investment skills.
Record Sale of Pokémon Card
The sought-after item is the Pikachu Illustrator card, one of just 39 ever produced for a Pokémon illustration competition in the late 1990s. The card was auctioned on Goldin auctions after a prolonged 42-day bidding process. Paul had initially purchased the card for $5.275 million in 2021.
Details of the Auction
The auction attracted considerable interest, culminating in a staggering profit of over $8 million for Paul after auction fees. By the end of the bidding, the price surged from $6.882 million due to vigorous last-minute offers. The auction ultimately closed with a total of 97 bids.
- Final Sale Price: $16.492 million
- Initial Purchase Price: $5.275 million
- Number of Bids: 97
- Profit Earned: Over $8 million
The Jewel of Collectibles
Included in the auction was a custom diamond necklace that Paul wore during WrestleMania 38. This addition made the sale even more unique, as it combined two significant pieces of Paul’s memorabilia. He promised to hand-deliver the card to the winning bidder.
Pikachu Illustrator Card’s Significance
The Pikachu Illustrator card is considered the “holy grail” of Pokémon collectibles. It was graded as a PSA Grade 10, making it the only card of its kind to receive this top certification. The card is extremely sought after and is virtually flawless, a point emphasized by Ken Goldin, founder and CEO of Goldin.
A Shift in Collectibles Value
Logan Paul’s recent transaction underlines a notable trend in collectible trading cards. Over the past 20 years, Pokémon cards have appreciated at a rate that substantially outpaces traditional market indices, including sports cards. They have grown in value, skyrocketing beyond expectations.
- Growth in Card Value: 3,000% increase compared to the S&P stock market over 20 years
Paul’s fascination with collectibles, including his investment in non-fungible tokens (NFTs), reflects a deeper cultural shift toward valuing rare items. His farewell message to the card was sentimental, stating, “goodbye my friend,” signifying the card’s meaningful place in his collection.
This sale reinforces Logan Paul’s status as a key figure in the realm of collectible trading, showcasing his influence and passion for Pokémon memorabilia.
