LeBron James Slyly Reveals He’s Sitting on Top of NBA Cards Worth Millions

The Sports Memorabilia industry is getting stronger with time. The U.S.A. sports collectibles market alone accounts for a whopping $5.4 billion. Many who believed the relevance of such things would downsize after the dotcom bubble are now scratching heads. The recent auction of the LeBron James Rookie card makes a powerful case.

Earlier, the reports only claimed that the bidding for the very rare card can go as high as $2 million, but it is now a reality. The card has sold for an unbelievable $1.845 million, which is a modern-day record.

Who is the superhuman in its possession?

Mr. Leore Avidar, a businessman running a company named Lob.com, is now the owner of this masterpiece. He said that he has made the purchase to “bring something big to the collectibles and alternative asset business in the coming months.”

Many people who purchase these rare collectibles view it as an investment. Now, as few as only 23 such versions of the Patch Autograph Parallel collection for James were ever produced. The card has got a logo patch from LeBron’s jersey, a signature, and also is a BGS 9.5 mint gem rating. This justifies that the card is in an unmatchable physical condition.

They auctioned the card at Goldin Auctions, and within just 26 days, it received 34 bids. Very tough to believe, but the initial bidding had opened at a meager $150K.

LeBron James has got something to unveil…

The L-Train discovered the news and took no time to react to it. He said, “Guess Who Else has a Couple of Those Exact Ones Too.” Now this reaction from King James gave many Twitter users hope that there can be many such auctions soon.

At the beginning of 2020, the same website had sold a 2009 Bowman Chrome Mike Trout Red Refractor card for just under $1 million. An autographed 1952 Topps Mickey Mantle card (PSA 10 Grade) had raked in $136,530. It still has 1984-85 Michael Jordan Rookie Season Game-used and dual signed pairs of Air Jordan 1 sneakers selling at a final price of $369000. Still, nothing even comes closer to break the $1 million mark, let alone touching LeBron’s Rookie Card record.

Read also: “Welcome To The League, Rook”: When Kevin Durant Gave Atlanta Hawks Rookie A Taste Of The NBA

If given a sum of $1 million, which Rookie card would you like to own?