LeBron James rookie card goes for report $1.8M at public sale

A 2003-2004 LeBron James Higher Deck rookie patch parallel card offered at public sale for $1.845 million on Sunday at Goldin Auctions to Lob.com CEO Leore Avidar.

The value tag on the uncommon card units a report for modern-day playing cards (acknowledged as playing cards produced in 1980 or later) and is probably the most any basketball card has ever offered for.

“If we had been speaking a few T206 [Honus] Wagner, or a 1952 [Mickey] Mantle, it most likely would not be that a lot information,” stated Ken Goldin, founding father of Goldin Auctions. “However while you’re speaking a few card that was actually produced 17 years in the past and is for a man nonetheless taking part in within the NBA, it is simply stunning information to lots of people. It is actually the place my specific business has been going for a number of years.”

The report sale surpassed a earlier report set in Could when the identical public sale home offered a GEM mint Bowman Draft Chrome Crimson Refractor Mike Trout signed rookie card for $922,500. The Trout card was one in every of solely 5 produced, and the very best graded.

The public sale home has now helped break three fashionable card information this yr alone when it offered a 2003-2004 Higher Deck Beautiful Assortment Logoman card that includes LeBron James and Michael Jordan for $900,000, the Trout card in Could for $922,500 and now eclipsing the million-dollar mark with the James card.

The Higher Deck rookie patch autograph set sometimes produced solely 99 of every card, which included a patch of jersey from the participant’s rookie season and an autograph on the cardboard. This specific James card, nevertheless, was a part of the patch autograph parallel set that solely produced the identical variety of playing cards equivalent to the quantity on the participant’s jersey.

For James, sporting No. 23, there have been solely 23 of this card produced, and because it was graded as a 9.5 mint gem by Beckett grading service, it was one in every of solely two of those specific playing cards graded that top.

“There are solely two of them, one in every of them is in non-public fingers and the opposite was up for public sale,” Goldin stated. “So this actually was the only finest LeBron card that any person might have hoped to get. It was very lively bidding, a number of bidders, and we’re proud of the outcomes.”

The marketplace for basketball playing cards has been steadily rising through the years with increasingly more fashionable card gross sales coming from the basketball facet.

“These days, I might say that basketball in some circumstances is stronger than baseball and in different circumstances is neck-and-neck with baseball,” Goldin stated. “I’ve an incredible quantity of abroad bidders from China, we have had bidders from the Center East, bidders from Australia and from Europe. With baseball, it is fully North American; it is 99 p.c from North America. With basketball, it could possibly be as a lot as 50 to 60 p.c abroad bidding as a result of it is extra of a worldwide sport.

“It is rising and I imagine doubtlessly might have extra progress than baseball within the collectability facet of it.”

The identical lot additionally offered a pair of Michael Jordan rookie season, game-used sneakers from 1984-1985 for $369,000, in addition to a Patch Parallel Autographed LeBron James card from 2004-2005 for $246,000.

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