LeBron James rookie card goes for history $1.8M at auction

LeBron James rookie card goes for record $1.8M at auction

A 2003-2004 LeBron James Upper Deck rookie patch parallel card bought at auction for $1.845 million on Sunday at Goldin Auctions to Lob.com CEO Leore Avidar.

The value tag on the rare card sets a record for modern-day-working day playing cards (recognized as cards generated in 1980 or later) and is the most any basketball card has at any time offered for.

“If we have been chatting about a T206 [Honus] Wagner, or a 1952 [Mickey] Mantle, it in all probability wouldn’t be that significantly news,” mentioned Ken Goldin, founder of Goldin Auctions. “But when you happen to be conversing about a card that was practically generated 17 many years back and is for a male continue to enjoying in the NBA, it is really just stunning information to a good deal of people today. It can be actually in which my distinct marketplace has been likely for quite a few a long time.”

The report sale surpassed a earlier record established in Could when the very same auction property sold a GEM mint Bowman Draft Chrome Purple Refractor Mike Trout signed rookie card for $922,500. The Trout card was one particular of only five manufactured and the greatest graded.

The auction residence has now aided crack three modern card records this 12 months alone when it bought a 2003-2004 Upper Deck Beautiful Collection Logoman card featuring LeBron James and Michael Jordan for $900,000, the Trout card in Might for $922,500 and now eclipsing the million-dollar mark with the James card.

The Higher Deck rookie patch autograph established normally created only 99 of each individual card, which provided a patch of jersey from the player’s rookie period and an autograph on the card. This unique James card, having said that, was portion of the patch autograph parallel set that only made the identical selection of playing cards corresponding to the amount on the player’s jersey.

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With James sporting No. 23, there were being only 23 of this card developed, and because it was graded as a 9.5 mint gem by Beckett grading service, it was a single of only two of these particular playing cards graded that superior.

“There are only two of them, a person of them is in personal hands and the other was up for auction,” Goldin reported. “So this definitely was the one very best LeBron card that somebody could have hoped to get. It was extremely lively bidding, a ton of bidders, and we’re happy with the final results.”

The market place for basketball cards has been steadily increasing more than the decades with more and much more present day card revenue coming from the basketball side.

“At the existing time, I would say that basketball in some situations is more robust than baseball and in other cases is neck-and-neck with baseball,” Goldin mentioned. “I have a large quantity of overseas bidders from China we have experienced bidders from the Middle East, bidders from Australia and from Europe. With baseball, it is really absolutely North American it’s 99% from North America. With basketball, it could be as significantly as 50 to 60 p.c overseas bidding mainly because it is extra of a globally activity.

“It truly is growing and I imagine possibly could have extra progress than baseball in the collectability component of it.”

The similar ton also marketed a pair of Michael Jordan rookie year, sport-applied footwear from 1984-1985 for $369,000, as well as a Patch Parallel Autographed LeBron James card from 2004-2005 for $246,000.

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About the Author: Warwick Clark

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