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Rare Michael Jordan basketball card sells for record amount after eBay bidding war: report

Posted February 21, 2019 by Stephen Sorace
Fox News

A last-minute bidding war on eBay for a Michael Jordan basketball card dubbed the “Holy Grail” brought the sale price to a record $350,100 this week, a report said.

The Chicago Bulls legend’s 1997-98 Precious Metal Gems (PMG) Green card is one of only 10 ever made, according to the Chicago Tribune. This particular card is one of only three believed by experts to be in circulation. It is also the only card to be authenticated by the Professional Sports Authenticator (PSA) service.

“We call it a ‘Holy Grail’ because it’s so scarce and so desired that you just frankly never see it,” Brent Huigens, CEO of PWCC Marketplace, which handled the auction on behalf of a private owner, told the paper.

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Someone dropped a WHOLE bunch of money on a Michael Jordan basketball card

Posted February 21, 2019 by Cam Ellis
NBC Sports

On Thursday afternoon, the Chicago Tribune ran a story about how someone spent THREE HUNDRED THOUSAND DOLLARS on a Michael Jordan basketball card. The card is, according to the piece, one of only 10 ever made. Of those 10 cards, only 3 -- including this one -- have been graded by the Professional Sports Authenticator service.

The card is apparently the most expensive MJ card yet, and the third most-expensive basketball card ever. What's even funnier is that the card was about to sell for $100,000, but a bidding flurry in the auction's final couple minutes raised the price almost 200%.

That is a staggering amount of money to spend on a laminated, wallet-sized picture of a basketball player, but if that's what you want to drop hundreds of thousands of your dollars on, far be it from me to say otherwise.

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1997-98 Precious Metal Gems Jordan Sells for $350,100

Posted February 20, 2019 by Rich Mueller
Sports Collectors Daily

No one’s saying it’s the most beautiful, but there’s a new top dog in the category of most expensive Michael Jordan basketball cards.

A 1997 Skybox Metal Universe Precious Metal Gems (Green) Michael Jordan card earned the title after selling for $350,100 on eBay late Wednesday night. It’s the most ever bid for a single Jordan card at public auction and the third most expensive basketball card ever sold. Buyers had to be pre-approved to participate. Twenty-two people placed a total of 130 bids over the seven-day period. The winning bidder was believed to be Nat Turner, a wealthy and avid collector/investor.

“In the world of trading cards this is a ‘true holy grail’ caliber asset, said Brent Huigens, CEO and Owner of PWCC who sold the card. “Most advanced investors have never seen one before and this was the first copy we’ve handled in 20 years. Arguably the most recognized and revered modern trading card in the world.

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Forget The Michael Jordan Fleer Rookie, His 'Mythical' Card Skyrockets To $121K on eBay

Posted February 18, 2019 by David Seideman
Forbes

In 1997-98, Skybox produced a 123-card metal basketball insert issue in addition to its base set. The first ten of each the 100 serially printed cards had an emerald green background. One of them featured Michael Jordan.

The Precious Metal Gems Green (PMG) cards came in packs costing a few dollars.

For a decade, no one except a few diehards paid much attention. “Initially, the cards were no more popular than other basketball inserts of the era, but that changed about ten years ago when the set became sort of a cult favorite,” notes Rich Mueller in Sports Collectors Daily.

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Stunning Sale Of Mint And Rare Bobby Orr Rookie For $204K Shows Bullish Hockey Card Market

Posted February 5, 2019 by David Seideman
Forbes

Over the weekend, Lelands auction house sold one of the world’s rarest modern era hockey cards and the highest graded example for $204,000.

The 1966-67 Bobby Orr Topps USA Test card, which belonged to a private collector, is the only mint PSA 9 (on a scale of one to ten).

“It’s now the second most valuable hockey card ever sold at public auction, trailing only the PSA 10 1979-80 O-Pee-Chee Wayne Gretzky, which sold for $465,000 in 2016,” notes Rich Mueller, editor of Sports Collector Daily.

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The 1933 Babe Ruth Baseball Card Market Is Blazing Hot

Posted January 30, 2019 by David Seideman
Forbes

A mint 1933 Goudey Babe Ruth bubblegum card just netted $528,000 in a Heritage auction, more than seven times what a comparable card fetched in the last public sale in 2004. Only four PSA 9 (on a scale of one to ten) #144 cards exist. There are no 10s.

Babe Ruth is blazing hot in all grades, and not just in high-end auctions, but at local baseball card shows. I believe that now is the time to buy his four 1933 Goudey cards.

This year, they will receive extra lifts. An epic Ruth biography, The Big Fella, continues to fly off bookstore shelves and rack up awards. And this June, Hunt Auctions will offer “a highly significant offering of historic baseball artifacts and personal materials from [Ruth’s own] collection.”

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Bargains Galore In New Mickey Mantle Hoard From 'Obsessive' Collector, Daughter Says

Posted January 28, 2019 by David Seideman
Forbes

From 1977 until his passing last October, Ed Kubina, a fourth grade teacher in Newburgh, NY, devoted his life to his family, his job, and collecting autographs and baseball cards. The focus of his collection: his boyhood idol, Mickey Mantle.

“Over the years we went to every card show Mickey signed at in the Northeast,” Kubina’s 51-year-old daughter, Deirdre Leary, told me from Newburgh. “These were our family vacations, which my dad always turned into adventures. He went to well over 100 shows through the years in his quest for the signatures of players like Mickey, Ted Williams, and Joe DiMaggio.”

Kubina was relentless. “At one point he had over Mantle 700 autographs,” Leary, a 51-year-old physical therapist, recalls. “My father ran out of things to have Mickey sign." She accompanied him to 10 Mantle shows.

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Trading Cards Continue To Trounce The S&P 500 As Alternative Investments

Posted January 18, 2019 by David Seideman
Forbes

If a decade ago you had put your money in vintage and modern trading cards instead of the stock market, your payoff would be more than twice as big.

As of December 31, 2018, the PWCC Top 500 Index yielded a 10-year return on investment (ROI) of 165% compared to 71% for the S&P 500 (adjusted for stock splits and other corporate actions) since December 31, 2007.

The survey was just released by PWCC, the largest seller of investment-grade trading cards ($60 million in annual revenue). Results are generated using an index the company created in early 2018 based primarily on the sale prices of the 500 and 100 most valuable trading cards.

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What 2019 Holds For The World's Most Popular Baseball Card: 1952 Topps Mickey Mantle

Posted January 7, 2019 by David Seideman
Forbes

PSA (Professional Sports Authenticator), the top grading company, just released its annual report highlighting the top 10 most valuable PSA-certified sports collectibles sold in the previous year’s auctions. Not surprisingly, in 2018 four were Mickey Mantle’s 1952 Topps, now regarded as the most popular card, surpassing the 1909-1911 T206 tobacco Honus Wagner card ($3.12 million).

“In terms of price, the ’52 Mantle will indeed hold the top slot in our marketplace,” says Brent Huigens the CEO of PWCC, the largest seller of investment-grade trading cards ($60 million in annual revenue). “No other card has as much stature.”

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Lock them up: Tigard company building $4 million vault for your high-value trading cards

Posted December 22, 2018 by Mike Rogoway
The Oregonian/OregonLive

It’s designed to be among the most secure places in Oregon, a concrete and welded metal vault secured with 6,000-pound doors. It’s a bunker built to withstand attack with cutting torches, electric tools – even dynamite.

The fortifications aren’t for diamonds, or bearer bonds, or big bags of cash. The $4 million structure under construction in Tigard is for Mickey Mantle, Kareem Abdul-Jabbar and Bronko Nagurski.

An Oregon company called PWCC Marketplace hopes to make the vault the centerpiece of its efforts to transform sports cards from childhood hobby to a viable investment option akin to fine art, stamps and coin collecting.

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