Post Malone’s $2,600,000 Trade Forces Lewis Hamilton to Take a Nosedive in “Expensive” List

Post Malone recently sold his Bugatti Chiron which he bought for $3,000,000. The car is speculated to be sold for 3,500,000. Looks like Post Malone used a heavy chunk of that money for a $2,600,000 trade. This trade caused Lewis Hamilton to take a nosedive in the expensive list. But what was this trade that Post Malone had to spend $2.6 Million on and how did it affect Hamilton in the list?

Trading of cards has become a huge thing in recent years with people bidding Millions for the rarest of the cards. Every now and then the trading card companies will release a special 1/1 card that will fetch hundreds of thousands of dollars. The same happened this time around when Magic: The Gathering [MTG] released the Lord of The Ring collection in June which had a 1/1 One Ring card from the movie.

The card was recently found in Canada and was valued at around $2 Million which would’ve made it the most expensive Magic Category card. The Black Lotus card from MTG released in 1993 was the most valuable magic card at $615,000 until this one ring was sold. Post Malone happened to be the lucky one who bought the card which was supposedly sold at $2.6 Million taking Magic categories up to rank 6 in the most expensive card category.

As a result, the Formula 1 category had to take a nosedive which sat at the 7th position prior to this trade. It is Lewis Hamilton’s 1/1 Superfactor card found in the Standard 2020 Topps Chrome F1 pack. The card started the auction at $750,000 and was sold for $900,000. It had an image of Lewis Hamilton with the racing suit and also had his signature on it. The 1/1 status along with his signature made it special. 

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As a result of the MTG card being bought by Post Malone, Lewis Hamilton’s card and the F1 category took a hit in the category standing as Magic jumped from 8th to 6th and F1 fell from 7th to 8th. Nonetheless, Lewis Hamilton’s card did help a family out.

Lewis Hamilton helps a young kid become almost a Millionaire 

The Lewis Hamilton 1/1 card that sold for $900,000 and became the most expensive F1 card to be ever sold was found by a 16-year-old kid named Jean-Nicolas Gago. He is a Canadian citizen whose life turned around after the card was found. The card was found in a Standard 2020 Topps Chrome F1 pack worth about $50 at that time. 

The kid shared the story on King of Collectibles: The Goldin Touch. He explained how the $50 turned out to be a changing point for his family as they sold the Hamilton card for $900k. According to Marca.com, the father of the kid on the show said “When I heard the figure I almost recoiled. I never thought a little piece of cardboard could be worth that much”

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Do you think the trading card business is worth the hype? Is the One Ring card really worth 2.6 Million dollars?