Doncic rookie card sells for $4.6 million; sets record for Basketball collectible

[k0kakw0rld]

That is insane

I'm curious about MJ and Kobe's rookie cards
Last time I checked, MJ highest card was like at 75 000$

[rawimpact]

Nice way to launder money. I'll keep this in mind. I'll have to track down a Mutombo card and sell it to a holding in Congo for a ridiculous price.

[dirkdiggler41]

Why do these cards cost so much, are they really rare? We have no tradition when it comes to NBA cards in my country

[Real Men Wear Green]

This is a nuts outlier. Buyer must not care about money. A card is worth what someone will pay but Doncic's mother ain't giving you 4.6 mil for a picture.

[MadDog]

I could understand a game-worn jersey or shoes, but a card? Makes me sick. Then again I have never collected or traded cards. Just never seemed interesting.

[Overdrive]

That is insane

I'm curious about MJ and Kobe's rookie cards
Last time I checked, MJ highest card was like at 75 000$

There are no /5 autographed rookie cards for either. An autograph super scarce MJ rookie card would be unpayable when some base card that was produced some 10.000 times sells for 75.000$.

[ralph_i_el]

It's the only version of that card ever made, and has a Luka autograph and piece of a game-worn jersey. Still, this shit is nuts.

Stuff like this is also a way to sort out money owed to people in black market industries. He might just be laundering money for whoever he bought that from.

[Real Men Wear Green]

It's the only version of that card ever made, and has a Luka autograph and piece of a game-worn jersey. Still, this shit is nuts.

Stuff like this is also a way to sort out money owed to people in black market industries. He might just be laundering money for whoever he bought that from.

That would make sense. Doncic is a great talent but a signed Bill Russell rookie card wouldn't get you this payday.

[baudkarma]

This is a nuts outlier. Buyer must not care about money. A card is worth what someone will pay but Doncic's mother ain't giving you 4.6 mil for a picture.

The original buyer payed over $450,000 for the card, and people thought that THAT was an insane amount. Turns out it was actually a pretty shrewd investment, if the transaction went as advertised. Did the buyer pay $4.5 million for the card with the understanding that the seller would hand him back $2.5 million under the table? Now the seller has $2 million, way more that he would have made in a regular transaction, and the buyer only paid $2 million for a card that's "worth" over twice that.

[Airupthere]

Does the card hold a ton of value in itself? Does it do anything? The price is really just a perception of how much someone is willing t pay for it. The card itself has little value.

[HylianNightmare]

The white goat

[light]

This is probably a sign of a bubble.

But sports memorabilia has been taking off for a few years now.

Top Shots for example - digital collectibles - LeBron's highlight dunk over Bjelica sold for a record $208k.

That might not seem like much compared to what rookie cards go for, but consider that it's just a video loop with a unique blockchain ID and someone bought it for $208,000.

[light]

That is insane

I'm curious about MJ and Kobe's rookie cards
Last time I checked, MJ highest card was like at 75 000$

LeBron's rookie card had just set the record a few months ago at $1.8 million.

The fact that Luka's is so much higher gives me some cause for concern as an investor. This is probably a bad analogy, but it's like when an athlete obliterates olympic records with ease - it's considered a sign of doping.

Similarly, for Doncic's rookie card to obliterate the old record so soon may be the clearest sign of a bubble yet.

People have been warning that the sports card market is going to crash soon. Others remain bullish. We'll see.