A rare Pokémon card, owned by Logan Paul, has achieved a new world record, selling for $16.4 million. This sale marks a significant moment in the collectibles market, setting benchmarks for both Pokémon and general trading card sales. The event has drawn attention not only for the record-breaking price but also for the method of sale, which involved offering stakes in the card.
The Pikachu Illustrator card, described as the "Holy Grail" of Pokémon collecting, was sold in an auction that concluded early Monday. The final price of $16,492,000 includes a substantial buyer's premium. This figure more than triples the $5.275 million Paul paid for the card in July 2021. The card is noted for its extreme rarity, with only 39 such cards believed to exist.
The Auction and the Card
The Pikachu Illustrator card is a unique item within the Pokémon trading card game's history. Awarded as a prize in illustration contests held by CoroCoro Comic in 1998, these cards are exceptionally scarce. Logan Paul's particular card is graded PSA 10, signifying its gem-mint condition, the highest possible grade from the Professional Sports Authenticator (PSA).
Read More: Logan Paul's Pikachu Card Sells for Record Price
Card: Pikachu Illustrator
Grade: PSA 10
Rarity: One of only 39 known to exist.
Previous Purchase Price: $5.275 million (July 2021)
Sale Price: $16.49 million (including buyer's premium)
Sale Method and Public Reaction
Logan Paul's decision to sell stakes in the card through the Liquid Marketplace introduced a novel approach to high-value collectibles. This method allowed multiple individuals to invest in fractional ownership of the card. While this strategy garnered attention for its innovation, it also drew some criticism.
The sale was conducted via an auction.
Stakes in the card were offered through Liquid Marketplace.
Reactions have included praise for Paul's business acumen and discussion regarding the high price tag.
The Collector and The Buyer
The buyer of the record-breaking card is reported to be a collector who is new to the world of rare items. This individual described their acquisition as the start of a "treasure hunt." The final proceedings also saw a brief, unclear involvement from OnlyFans creator Emmie Bunni.
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The buyer is a new collector.
The buyer views the purchase as the beginning of a collecting journey.
The extent of Emmie Bunni's participation in the final bidding remains undisclosed.
Expert Analysis
The sale of Logan Paul's Pikachu Illustrator card has been framed within the broader context of the burgeoning collectibles market. Experts note that such record-breaking sales are becoming more common as this market expands. The rarity and condition of the Pikachu Illustrator are key factors driving its immense value.
"The collectibles market continues to grow, record-breaking sales like this one are becoming the new norm," stated one observation regarding the event.
Conclusion
The sale of Logan Paul's PSA 10 Pikachu Illustrator card for $16.4 million has set new global records for Pokémon and trading cards. The transaction highlights the escalating value of rare collectibles and demonstrates innovative approaches to ownership and investment in this sector. The buyer's status as a new collector suggests a potential broadening of interest in the high-end collectibles market. Further observation will be necessary to track the ongoing impact of this sale on market trends and investment strategies.
Read More: Logan Paul's Pikachu Card Sells for $16.49 Million
Dexerto: Reported on the sale, its record-breaking nature, and the method of sale involving stakes.
Dimsum Daily HK: Covered the sale price, its record-breaking status, and mentioned the buyer's premium.
Covers.com: Focused on the auction results and the card's historical significance, referencing prediction markets.
Mandatory.com: Highlighted the card's rarity and the record-setting aspect of the auction.
Wikipedia: Provided background on Logan Paul as a public figure.
