We compiled the all-time auction price records for TCG Cards as of September 25th, 2023. Be sure to check back as we update the list as new records are set!
The Japanese Base Set No Rarity Charizard card is an iconic Pokémon treasure, and its depiction of the dragon Pokémon has reached significant cultural relevance outside of the game. This card, depicting maybe the most famous Pokémon of all time—Charizard, is among the earliest and most coveted copies ever produced. Designed by artist Mitsuhiro Arita, the card's beautiful artwork and holographic finish have made Charizard the most iconic character in Pokémon.
Unlike the English ‘Base Set's 1st Edition’ stamp, which is prominently displayed below the left-hand corner of the artwork, the ‘Japanese Base Set No Rarity’ version is differentiated by the absence of the black rarity star on the bottom right corner. Released two years prior to its English counterpart, the Japanese version of the Base Set showcases the beloved dragon against starlit holofoil pattern—as opposed to the dimmer standard holo foil used by Wizards of the Coast in their later base set.
Only 32 copies of this card graded PSA 9, and just 7 have achieved the coveted PSA 10 designation. With its immaculate edges and corners, as well as a near-pristine holographic surface, this copy stands out as a truly exceptional specimen. Further adding to its allure, the case of this card has been hand-signed by the artist. Is there a better duo than the TCG community and signing the case?
Get used to seeing Charizard on this list—I won’t spoil how many times he appears, but this will not be the last time he appears.
Though this card does differ markedly from the above. This is the original printing of the card in English; still using a similar image of Charizard from artist Mitsuhiro Arita, albeit with a slightly less flashy background.
As Charizard cards go, it does not get much better than this one. Beautifully centered, pristine corners and edges, the card is among 123 PSA 10 graded first edition Charizard cards. Which is out of a total of 3,884 total graded; just over 3% of graded first edition Charizards are of similar quality.
Here he is again, what did I tell you? First Edition Charizard cards are going to continue appearing on this list. People like dragons, what can we say!
The card’s equivalent in other categories would be cards like ’86 Fleer Jordan or ’52 Topps Mantle. Iconic pieces of cardboard depicting legendary figures. Though in our case, the legendary figure is fictional.
In 1998, American game publisher Wizards of The Coast was intent on acquiring the rights to Pokémon. During this process they commissioned multiple English mockup cards to show what the franchise’s cards would look like in North America.
Today, four of such cards are known today. Three that feature Blastoise against a non-holo background. And the one we have here, CGC 8.5 graded Holo Blastoise with a blank back. The other three cards had “Magic: The Gathering” Backings (the game that WoTC had been producing for many years prior).
CGC, as well as others in the industry, performed an exhaustive investigation into the voracity of these cards. They determined that all four were printed by WoTC in 1998 to market Pokémon cards to north American consumers.
The value definitely fits in accordance with the rarity and story behind this card. It is possible that this card was the very first Pokemon card printed in English. Before the onset of Pokemon-mania.
Coro Coro, a Japanese Magazine held a comic drawing contest in January 1998, 39 winners were sent copies of the now infamous “Pikachu Illustrator Card”. Designed by Pikachu’s creator, artist Atsuko Nishida, the card has become the holy grail of Pokémon TCG collecting.
This copy is a PSA 7, funnily enough there are 7 similarly graded copies—as well as 9 graded higher. These cards change hands so infrequently that even a PSA 7 coming to auction is a rare event.
Like many others in this list, the value of this card comes from a number of factors. Fans’ love of the games mascot, the extreme scarcity of these cards, as well as the endearing story of 39 children being rewarded for their creations with a unique image of maybe the most celebrated character in the history of animation.
Here he is again, folks. I told you he would be back.
Not much to say that has not been said above on this 1stedition Holo Charizard card. A beautiful example of a legendary character—and so on, and so on.
Charizard has been featured on over 40 different cards from various sets in the series. It is obvious that his fame is on par with the brand itself. Pikachu may be the mascot of Pokemon, but Charizard holds a similar place in the heart of fans and collectors alike.
Presented as the second place prize to a series of 1997-98 Japanese Pokemon TCG tournaments, it is rumored that only 14 copies of this card exist. Each runner-up of each of these events received one, but today? There are only five that exist in the PSA pop report. This example is one of two GEM MT 10 grades, along with two PSA 9s and one PSA 6.
Aside from the interesting backstory and scarcity, another factor propelling this card’s valuation is its artist. Drawn by Mitshuhiro Arita the prolific Pokemon TCG artist known for his work on the 1999 base set Charizard.
This confluence of factors have made this card become among the most sought after cards in the game.
The previous Pikachu Illustrator in this list, a PSA 7 copy, sold for $375,000 in the throes of the bubbliest moments in TCG; it only found a price $100,000 less than this CGC 10.
Of the 39 of these cards we know to be printed, we were able to find 37 in population reports: 26 graded by PSA, 9 graded by CGC, and 2 graded by BGS. Just five of those received GEM MT 10 grades, four at CGC and one at PSA. The PSA copy was the highest valued TCG card in existence, when it was privately sold to Logan Paul for $5,275,000 in 2022.
The sale of this nearly half-a-million-dollar card is evidence that the value of grails can hold up even in uncertain economic climates.
“The Alpha Black Lotus” is the cream of the crop when it comes to Magic cards. This particular card, graded as PSA 10 Gem Mint, surpassed all other TCG card price records at the time with this eBay sale.
The bidding for this extraordinary card reached incredible heights, eventually selling for an astounding $511,100. The Alpha Black Lotus Masterpiece is a testament to the enduring legacy of Magic: The Gathering as one of the most influential and beloved TCGs of all time.
It bears the signature of the artist who drew the image of the Black Lotus, Christopher Rush. A prolific illustrator within the series, cards with his signature are especially valuable due to his stature in the scene.
Showcasing the elegance and mystique of the Alpha Black Lotus, this PSA 10 Gem Mint card is an unparalleled treasure in the world of TCG. Combining artistry, history, and rarity, the Alpha Black Lotus Masterpiece firmly establishes its position as the fourth most expensive trading card of all time. As a symbol of Magic: The Gathering's enduring impact and appeal, this exceptional card is a prized addition to any collector's portfolio, and an unforgettable piece of TCG history that will continue to fascinate enthusiasts and investors for generations to come.
Behold, the one card that keeps coming back to enchant us all: the Alpha Black Lotus. As if we hadn't gushed enough about this card already, it seems that Magic: The Gathering (MTG) collectors just can't help but dig into their pockets and to show their love for this piece of TCG history.
This particular gem of an Alpha Black Lotus boasts not only a PSA 10 GEM MINT grade but also a signature by the late Christopher Rush on the case, making it an extraordinary piece of MTG memorabilia. It's easy to see why so many desire to possess a fragment of the enchantment that has sparked the creation of numerous other TCGs, most notably the beloved and recurring list favorite, Pokémon.
Feast your eyes on yet another astounding Magic: The Gathering gem – the Artist Proof Black Lotus Limited Edition (Beta). For those of you at home who have been keeping count, this marks the third Black Lotus card on our list, solidifying its status as the magical flower that just keeps on giving.
This card is a so-called artist proof, similar to the blank-backed Blastoise above in the list, it was created so that the team could better understand how the card would come together in a final product. This is to say that the card was not designed for mass printing, making it all the more rare—and therefore all the more valuable. Like others in this list much of the allure of this card comes in the form of a signature, specifically, the signature of Christopher Rush (this time directly on the card, thankfully), the legendary artist responsible for over 100 cards in the MTG series. Graded by CGC with a "blue" label and a NM/Mint+ 8.5 rating, this card is a gorgeous example of the simple beauty that is present in so many MTG card images.
The past three in the list have been the only non Pokemon cards represented here. Obviously MTG is a powerhouse brand in its own right, but to compete with Pokémon they all required an artist signature to push them up to the top. MTG folks cannot seem to get enough of this Christopher Rush guy.
Sign it on the card, sign it on the case, if your name is Christopher Rush, you can sign it any old place!
In the world of Pokémon, there's no denying that Pikachu is the most beloved and iconic mascot. With its rosy cheeks and happy-go-lucky demeanor, Pikachu has captured the hearts of millions. And with this card, it seems Pikachu's charm knows no bounds, propelling it to the heights of Pokémon card value.
The Swirllustrator Pedigree, graded CGC GEM MINT 9.5, is the only card of its kind at this tier, making it a truly exceptional piece. Just like the Artist Proof Black Lotus Limited Edition (Beta) card we mentioned earlier, this Pikachu card comes with a special touch – a "doubleswirl" variant that is somewhere between an intended variation and a misprint, resulting in a unique alignment of the foil background. If you inspect the left of the image you will see a cluster of stars (or a swirl) that does not appear in standard illustrator Pikachu cards. The CGC has even certified "The Swirllustrator" as the official pedigree of the card, further amplifying its rarity and appeal.
As you may recall, another example of the Illustrator Pikachu card made an appearance earlier on this list. This specific card, however, stands out not only for its unique double swirl but also due to its grade being a CGC 9.5—nearly perfect. This card perfectly captures the spirit of the Pokémon franchise and the enduring resonance of its most iconic character.
Whether you're an MTG fan with an appreciation for Christopher Rush's signed creations or a die-hard Pokémon fan on a mission to catch 'em all, one universal truth stands: the fascination with trading cards transcends the confines of their respective games and unites collectors in their shared pursuit of exceptional and eye-catching treasures.
Private sales usually account for the highest end of sales in every collectible category, but since these sales are usually unconfirmed without hard data, we elected to leave them off of the main list.
The purchase of this card in particular was documented by renowned youtuber and less-renowned boxer, Logan Paul. If you are curious as to how he obtained this card. Look no further.
The power of CGC's "Pristine 10" grade was on full display in April of 2024, as a coveted Black Lotus earning that esteemed grade sold privately for $3,000,000. That's the highest price ever paid for both a Magic: The Gathering card and a CGC-graded card. Pristine 10s are considered "virtually flawless" to the naked eye, in contrast to regular, Gem Mint 10s which are generally lacking in one criteria.
A collector named Brook Trafton pulled 'The One Ring' card, which was bountied at $1 million by Dave & Adam's card world. He got it graded by PSA, where it received a grade of MINT 9. Shortly thereafter, Trafton found himself selling the card for double that sum to none other than Post Malone. $2 million for a Magic card sets it as the second highest price in TCG of all time. As it is a private sale, we didn't include it on the list itself.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
In the world of art, antiques, and collectibles, auction houses stand as pivotal institutions that not only facilitate the buying and selling of valuable items but also attempt to preserve the cultural and financial value of the pieces they handle. Understanding the operational mechanisms of auction houses offers insight into a business model that balances supply and demand, expertise, and strategic marketing to benefit both sellers and buyers.
At their core, auction houses are marketplaces, facilitating transactions between buyers and sellers. To match supply with demand, they use auctions to determine the most worthy buyer for each seller. Attracting high-quality lots, and bidders to bid on them, is the foremost goal of an auction house. One can often beget the other. An impressive lot will bring in more bidders and sellers are more likely to consign to houses with those bidders.
Auction houses employ ‘specialists’, agents with deep expertise in a collectible category, who advise clients on acquiring or disposing of items.
Success for an auction house lies in its ability to attract both premium lots and high-caliber bidders. This is achieved through a reputation for excellence, a global network of collectors and dealers, and a deep understanding of the market. High-quality lots increase competition among buyers, driving up prices, while esteemed clients bring financial clout and prestige, creating a virtuous cycle of success.
Auction houses provide valuable advice to clients, guiding them through the complexities of the market. This advisory role encompasses authentication, market trends, pricing strategies, and legal aspects, ensuring clients make informed decisions. By fostering trust and demonstrating expertise, auction houses build long-term relationships with their clients.
Large and powerful auction houses putting their stamp of approval on an item for sale is also part of their value-add. If an object is being sold by Heritage or Sotheby's you can be fairly certain that it is the real deal. If a major house finds an issue with an object before the sale closes, they will withdraw the lot from bidding and regroup. Smaller, less-established houses may be just as reputable, but they have not laid down the track record to prove it yet.
Auction houses must perform a delicate balancing act between achieving great prices for their consignors, as well as ensuring that buyers feel they got a good deal. This can be a challenge as houses will often charge rather exorbitant fees on both sides of the transaction. Great auction houses use these fees to ensure their marketplace is running smoothly and their clients are satisfied.
Auction houses are often scrutinized for their fees, perceived as steep by some. However, these fees fund a litany of services that often justify their cost.
Key fees include:
These fees compensate for the auction house's efforts in marketing, cataloging, authenticating, and managing legal and compliance risks, which are particularly significant for high-value lots.
These high-value lots drive much of the interest in sales, so much so in fact that houses will entirely waive commissions in order to boost the profile of the sale. Recent years have seen top art auction houses, namely Christie’s and Sotheby’s, compete to drive down seller fees in order to win high-profile consignments. The more valuable a work, the more leverage consignors have over the house; they can always take the work elsewhere. It is up to the house to negotiate a rate that sees them making up the loss in fees on that lot by driving up bids for lower end lots.
Auction houses employ several financial strategies to manage risk for themselves and their clients. These strategies are speculative on the performance of one or many lot in a sale, buyers and sellers can also make use of them to protect themselves when putting an object up for auction.
This financialization of auction proceedings has come under scrutiny as houses have been accused of over-using them in order to juice up results. For example, the Fisher-Landau Evening Sale at Sotheby’s saw all 31 of the lots up for sale come with a minimum price guarantee; 17 of those came with an irrevocable bid from an anonymous buyer. Since these arrangements are private, the individual who placed the IB is able to bid on the lot—potentially driving up the price beyond where it would have otherwise landed. Guarantees sometimes can have the opposite effect though, houses may not divulge who the guarantor is, but they are required to reveal the existence of any and all guarantees. Meaning, lots with guarantees can struggle to significantly outkick their estimate range; bidders be reluctant to bid too far past a guarantee, lining the pockets of a third party.
Proponents of the guarantee argue that it allows for a more efficient art market. Guarantees can allow sellers to consign more risky works that otherwise would not be brought to auction.
Auction houses play a crucial role in the art and collectibles market, facilitating transactions between buyers and sellers while ensuring the integrity and value of the items traded. Through their expertise, strategic financial arrangements, and comprehensive services, they justify the fees charged and maintain their position as essential institutions in the global art market. Understanding how auction houses operate provides valuable insights into the complexities and dynamics of buying and selling valuable items at auction.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
In December of 2021, a first edition PSA 10 Charizard Pokémon card sold for an astonishing $288,000 at auction, even more shocking is that just 3 months later a similarly graded copy sold for $420,000. Pokémon cards have gone from childhood pastime to serious investment consideration for collectors and investors alike. In this article, we'll delve into the investment potential of Pokémon cards, focusing on ten of the most popular Pokémon from the original 151. Are these nostalgic treasures the kind of thing one could use to retire? Let's explore.
As a reminder, none of this should be construed as investment advice.
In our exploration of the investment viability of Pokémon cards, the focus has been placed on PSA 10 first edition cards. This decision is grounded in the understanding that, much like the market for fine art, the true gauge of a collectible's market performance lies in its most pristine and rare specimens. PSA 10 denotes a card in 'Gem Mint' condition, representing the pinnacle of quality and condition in the collecting world. First edition cards, being the initial print run, possess an inherent scarcity and historical significance that elevates their status and demand among collectors. By concentrating on these cards, we aim to assess the Pokémon card market at its most elite level, providing insights into its investment quality based on the performance of its most sought-after pieces.
The analysis presented in this article leverages Altan Insights' dataset on collectible prices, sourced from leading auction houses known for the sale of high-end Pokémon Trading Card Game (TCG) items. Primarily, these sales have been from PWCC, a dominant player in the Pokémon card market, renowned for handling the sale of ultra-premium Pokémon cards. Additionally, Heritage Auctions, with its monthly TCG sales featuring a significant representation of Pokémon TCG, serves as another critical data source. Goldin Auctions has a robust TCG department as well, listing thousands of Pokémon cards each year reaching prices as high as half a million dollars.
Our broad data collection approach allows for a robust and accurate reflection of market dynamics, capturing the fluctuations and trends in the prices of top-tier Pokémon cards over a specified period. By meticulously compiling and analyzing sales data from these marketplaces, we provide a detailed examination of the investment landscape for PSA 10 first edition Pokémon cards.
As mentioned above, Auction houses like Goldin, Heritage, and PWCC are among the most reputable secondary markets for Pokémon cards. They sell cards priced anywhere between $5 and $500,000. If you are looking to start your Pokémon card collecting journey, then those houses would be a good place to start.
If you wish to simply invest in these assets for future returns, transacting with PWCC or Goldin might suit you well. These two houses have vault programs, allowing their customers to place their acquired cards into the stewardship of the house. Allowing you to sell later without having to send the card in, saving you time and shipping costs.
Smaller upstarts like Courtyard.io and Rare Candy also offer ways to invest in Pokémon cards. Courtyard operates a marketplace that lists cards backed by Ethereum tokens, following your purchase of a card it will sit in a Brinks vault until you see fit to sell it. You can even set a buy now price for other users to buyout your card and have its ownership instantaneously reflect the new owner. Rare Candy’s marketplace offers cards, packs, boxes, and sets; though opening packs and boxes is more analogous to gambling than investing, this is certainly a way to begin your journey.
Finally, eBay, in terms of listing volume none of the above names even come close. Though if you intend to start your Pokémon investing journey there be sure to keep a watchful eye on exactly what you are buying. Auction houses act as a third party between buyer and seller, ensuring the buyer is getting exactly what they paid for. eBay, on the other hand, operates at such a scale that individual customers will be directed to the seller of the item when something goes awry. This lower customer interaction does come with lower fees though, making eBay a great place to find deals. Assuming you know what you are looking for, and are transacting with a trusted seller.
Although this post has centered on cards graded PSA 10, one can start their Pokémon investing journey at any price point. The highest quality cards will always command a premium, but eagle-eyed collectors must be on the lookout for solid prices at any grade.
You can start investing in your favorite Pokémon today! Be mindful of the population of a card/grade, the price relative to previous sales, and the current/future popularity of the character.
Love Dragonite, but can’t scratch together $4,000 to acquire a PSA 10 copy? Maybe pick up a $153 PSA 5 copy. Don’t have the funds for a $15,000 Mewtwo-Holo? You can purchase a PSA 6 copy for under$1,000. These cards will not be setting price records, but if prices for PSA 10copies climb, so can the price for lesser-graded copies too.
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Analyzing the sales data for the "1999 Pokémon Base Set 1st Edition Shadowless Holo Charizard #4 PSA 10" card from November 2020 to February 2024 reveals a fluctuating but overall downward trend in its investment performance. Initially, the card experienced a significant surge in value, peaking at $420,000 in March 2022, reflecting the wild fervor in the market for collectibles at the time. Following this peak there was a notable decline in its sale prices, with the latest sale in February 2024 recording a value of $168,000.
The rarity of the card, with only 123 copies graded as PSA 10 out of 4,431 total PSA graded copies, combined with Charizard's status as arguably the most beloved Pokémon, underscores its inherent value and potential for long-term appreciation. Despite the recent decline in sale prices, the unique combination of fan love and scarcity has historically underpinned its value as among the most sought-after collectibles. The fluctuations in price also reflect the volatile nature of the collectibles market, where values can significantly change based on market sentiment, the economic environment, and collector trends. As such, while the card's recent performance shows a downturn, potentially offering deep-pocketed collectors the chance to sell if the value reverses course.
The sales history of the "1999 Pokémon Fossil 1st Edition Holo Gengar #5 PSA 10" card from February 2020 to February 2024 presents an intriguing narrative of its investment performance, marked by significant volatility and a notable recovery pattern. Initially, the card's value saw a rapid increase, climbing from $1,189 in February 2020 to a peak of $3,120 in March 2022. However, prices began to fall from there, including a sharp drop to $1,200 in December 2023 before rebounding to $3,150 in February 2024.
The Gengar card's rarity is underscored by its PSA 10 grade, with only 175 out of 4,042 total graded copies achieving this distinction, indicating a gem rate of 4.3%. While Gengar's prices have not reached the same heights as some of its peers, the card's performance is indicative of a strong market presence. The fluctuations in its sale price, notably the recent recovery, suggest more resilient demand.
The investment performance of the "1999 Pokémon Base Set 1st Edition Shadowless Bulbasaur #44 PSA 10" card from November 2020to February 2024 highlights a notable market volatility specific to this collectible. Initially, the card prices showed variability, peaking dramatically at $15,000 in February 2021, which was certainly influenced by the Covid trading card bubble. Following this peak, the card's value experienced a decline, stabilizing in a lower range between $1,470 and $1,950 in the subsequent years.
The Bulbasaur card has a PSA 10 gem rate of 13% out of a total PSA population of 2,606, a bit higher than average, implying that PSA 10copies are less scarce than usual. When comparing Bulbasaur's market performance to its Gen 1 starter counterparts, Charmander and Squirtle, whose most recent PSA 10 sales were significantly lower; with recent eBay sales of first edition Charmander selling for $767.38 and Squirtle for $677.75. Bulbasaur fares quite well, reflecting the grass-type Pokémon’s appeal and its population being half of either of the other two. This comparison suggests that while all three Gen 1 starter Pokémon enjoy popularity, market valuations can significantly differ based on perceived rarity, collector demand, and perhaps nostalgic value attached to each character.
The "1999 Pokémon Base Set 1st Edition Red Cheeks Pikachu #58 PSA 10" card, like many others, experienced extreme highs during 2020/2021. Initially selling for $4,000 in October 2020, the card saw a dramatic peak at $15,200 by February 2021. Following this peak, the card experienced more tame fluctuations in price, generally trending downwards with bright spots, such as a rebound to $5,500 in March 2023. By February 2024, the sale price stabilized at $4,200, indicating a market correction from its all-time high yet maintaining a value above its initial October 2020 figure.
This card's valuation is intricately tied to its rarity and the iconic status of Pikachu as a central Pokémon character. With a total PSA population of 2,554 and only 253 graded at PSA 10, even with comparable populations to Bulbasaur—'Red Cheeks’ found a floor price of just $3,000compared to Bulbasaur’s bottom of $1,530. The two’s peak prices of $15,000 were hit in the same month of 2021, possibly implying that when the getting is good rare first edition cards can skyrocket, but the most desirable are able to retain that value more admirably going forward.
In comparison, its counterpart, the 1st Edition Yellow Cheeks Pikachu, despite only having a slightly higher total population (3,104)and more cards graded at PSA 10 (534), has not reached the same peak prices, peaking at less than half of the ‘Red Cheeks’ variant's highest sale price. This disparity underlines the premium collectors are willing to pay for the rarity and specific variations within the Pokémon card market.
The "1999 Pokemon Fossil 1st Edition Holo Dragonite #4 PSA 10" card has experienced a diverse range of sales prices since February 2020, showcasing its volatility in the collectibles market. The card's value saw a peak of $9,850 in October 2020. Although, the falloff from this peak was less aggressive compared to similar cards who peaked around the same time. Going from $9,850 to a post-bubble bottom of $3,360 in July of 2022;resulting in a -65.8% from peak to trough. The latest sales in 2023 indicate stabilization marginally above that floor, with prices oscillating between $3,480 to $4,200 mark.
Dragonite's Fossil set provenance and its limited PSA 10 population of only 229 out of a PSA population of 5,100, tracks similarly to other first edition-Holo Fossil set cards. Despite the similarities in population and rarity with set-mate Gengar, Dragonite's higher peak prices may reflect the character’s appeal, or a bias towards cards with higher price records; a PSA 10 Gengar never experienced a 2020/21 boom price, its most recent transaction in February of 2024 is likely the auction record at $3,150. Maybe implying some room to run if there is another Poké-bubble upon us?
The "1999 Pokémon Base Set 1st Edition Holo Mewtwo #10 PSA 10" card presents an intriguing investment profile, with its transaction history from November 2020 to April 2023 showing a retention in value across those three years. Initially, the card's value hovered around the$20,000 mark, peaking at $22,655 in November 2020. Notable dips went as low as$13,100 in April 2021 and a surprising fall to $3,000 in November 2022, before rebounding impressively to $24,600 in February 2023. Minor fluctuations with only one major falloff, ironically enough during the 2021 Poké-bubble, implies that this Mewtwo card is at least worthy of being named a solid store of value (past performance does not guarantee future results).
The rarity of the Mewtwo card, with only 82 copies graded PSA 10 out of a total PSA population of 1,973, positions it as a scarce asset, potentially driving its appeal to collectors. Mewtwo's prominence in Pokémon lore, particularly its central role in "Pokémon: The First Movie, "cemented the character’s status as a nostalgic and iconic figure, possibly contributing to its price stability.
The "1999 Pokémon Base Set 1st Edition Shadowless Arcanine #23 PSA 10" card's sales data from November 2020 to January 2024 illustrates a relatively stable market with modest fluctuations in value. The card's value started at $696 in November 2020 and saw a peak at $1,125 in February 2021, tracking nicely with peak prices achieved by other cards at the time. However, this surge was followed by a general decline and stabilization in price, with values oscillating between $432 and $800 in the subsequent periods. The price floor being only half that of the peak indicates that Arcanine did not receive the same bubble appreciation as other cards, or that collectors have been willing to hold onto them during this down period.
Arcanine's unique position in Pokémon lore, originally intended as a legendary Pokémon alongside Articuno and Zapdos, the card is even marked 'Legendary Pokémon' underneath the art. With a PSA population of 1,023 and only 208 graded as PSA 10, the card has the lowest population on the list; its price being on the low end of those discussed in this article would imply that this scarcity has not convinced collectors to bid up the value. The overall market behavior for the Arcanine card underscores the nuanced dynamics of Pokémon card collecting, where character lore, rarity, and condition significantly influence investment potential. Arcanine certainly has a smaller presence in the intellectual property than other characters on this list, but even with that lower exposure to fans it still has found a way to maintain its value over the last four years.
The "1999 Pokémon Fossil 1st Edition Holo Lapras #10PSA 10" card's sales data from June 2020 to August 2023 shows a volatile asset, like most Pokémon cards, but even more so than usual. Like many others, this card experienced its peak price in 2021 of fetching $6,000 in March. However, this peak was the second all-time high for the card post-2020, finding$5,000 in late 2020 only for the record to be topped just 5 months later. The prices that followed in the next two years saw a general downtrend with some recent signs of life in June 2023 when it reached $2,750 after bottoming out at $1,920 the previous October. These price fluctuations broadly match the tempo of the broader Pokémon card market with recent sales trending in the right direction for potential investment.
The Fossil set, from which this Lapras card originates, also includes cards in this list like Gengar and Dragonite. With a PSA population of 3,543 and only 119 graded at PSA 10, this Lapras card exhibits similar overall scarcity in population to other cards, but an impressive gem rate at about 3.4%;compared to Fossil set compatriots, Dragonite and Gengar, who have 4.4% and4.3% respectively—PSA 10 copies of Lapras-Holo are markedly rarer. The entirety of PSA populations for Fossil set cards is around 235,000 while there are just over 768,000 base set cards in PSA pop reports. Although Fossil cards are 3x less rare this does not seem to transfer to a 3x increase in value. Valuing Pokémon cards as an investable asset is not an exact science, as shown by this list, each character/card is beloved by collectors for more reasons than there are Pokémon in a Pokédex.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
We compiled the all-time auction price records for sports memorabilia as of February 2nd, 2024. Be sure to check back as we update the list as new records are set!
Only three players in the history of the NBA have achieved back to back finals MVPs. Bill Russell (for whom the trophy is now named), Michael Jordan, and Lebron James.
Few players have been so lauded by fans prior to their entry into the league. While it is true that every few years the sports press likes to hype up transcendently talented high-school athletes for the sake of clicks and engagement; turns out, this was not one of those times. Describing James as, “The Chosen One”, ended up not being even slightly hyperbolic in this case.
After winning his first NBA title in 5 games with the Heat in 2011-12, we arrived at what many agree to be Lebron’s greatest season. There is endless evidence that points to this season exhibiting a Lebron James at the peak of his powers: going 27/8/7, shooting 56.5% from the field, MVP (Finals and Regular season), 2nd only to Marc Gasol in defensive player of the year voting, 27 game winning streak, the list goes on.
After fighting his way through 6 games against the San Antonio Spurs, Lebron took it upon himself to bring his team the championship. In an all time great finals performance LBJ scored 37 points wearing this jersey, a physical piece of evidence symbolizing Lebron’s indisputable greatness.
When it comes to sports, it isn’t often that the genesis of a game is so well documented. The popular American sports of today have their history rooted in some other popular game: Baseball to Cricket, (American) Football to….Football, Hockey to Lacrosse. All to varying degrees of course, but Naismith’s inspiration was a medieval children’s game known as ‘Duck on a Rock’, wherein kids would throw rocks at a larger rock, guarded by other children, in order to knock it down. One could see why this game didn’t really have the legs for massive adoption; sadly the youth of today has been deprived of the joy that can only be attained by clocking your class mates with a nice rock. Dr. Naismith surely deserves points for creativity here though.
When assigned the age old task of keeping kids entertained while cooped up inside over the winter, Naismith’s solution came down in a the form of a new game, Basketball. His thirteen rules, originally thumb-tacked to a bulletin board in a New England gym, are the genesis of the international phenomenon that is Basket Ball; you read that right, Naismith originally spelled it as two words.
Though the sport has changed drastically since its birth—namely with the advent of more and more physical contact which was explicitly outlawed in the original rules—its founding document is not too far off of what we call basketball today. Although we are curious how Naismith would feel about moving the three point line or where he lands on the MJ vs. Lebron debate.
In a baseball world that was rife with match-fixing scandals, the league needed a shot in the arm to get fans excited about the game again. Modern baseball fans can surely understand waning popularity and mistrust in league officials to run a fair and just game. At the time this problem was partially solved by the rise of a young player named George Herman “Babe” Ruth; “The Sultan of Swat”, “The King of Crash”, “The Colossus of Clout”, “THE GREAT BAMBINO”. You get it, you’ve seen Sandlot.
After starting his career in the majors as a pitcher for the Boston Red Sox in 1914, he won three World Series with the club until his sale to New York in 1920. Upon his trade he transitioned into a power-hitting right-fielder, marking the beginning of what we now call the “live-ball era”. So named due to its contrast to the “dead-ball era” of the decade prior, in which fans witnessed low scoring games and a tragic dearth of dingers.
Ruth almost single-handedly brought baseball back to its height. Quality jersey’s from this era of baseball are rare as it is, but ones worn by Babe himself are even scarcer; some say less than 5 in this kind of quality are known. This jersey is not only one of the great pieces of sports memorabilia, but of historical memorabilia at large.
It wasn't the hardware Mickey Mantle wanted. We see no hint of self-satisfaction in his expression as president William Harridge bestows upon him the American League Most Valuable Player Award for 1957, a successful defense of the first he'd won in 1956 with a Triple Crown season that had the storybook ending the 1957 season had failed to supply.
After having suffering a painful Game Seven loss to the Brooklyn Dodgers in 1955, the Bronx Bombers had quickly exacted their vengeance in 1956, resuming a supremacy over Major League Baseball that had become a familiar role to the young superstar who rookied into the greatest World Championship run in history in 1951. Now, as the 1958 season began, so did the single-minded quest to once again recapture the throne, this time from the Milwaukee Braves, who were enjoying a new World Championship ring for which Mantle would have happily traded that 1957 MVP.
On May 7, 1972 this gold Los Angeles Lakers jersey was worn as Wilt Chamberlain, nursing a broken hand sustained in the prior game of the 1972 NBA Finals, clinched his 2nd and final NBA Championship, the first ever championship for the Los Angeles Lakers, and his sole NBA Finals MVP award. He was dominant, scoring 24 points while grabbing 29 rebounds – a performance fitting for a goliath like Wilt. It was the end of a remarkable season, in which the Los Angeles Lakers had set the record for the most wins in a single season (69), and the most consecutive wins (33), the latter being a record which still stands across all US professional sports. Wilt is also shown wearing this exact jersey on multiple iconic covers of Sports Illustrated, including October 16, 1972, with the headline “It All Depends on Wilt” and May 15, 1972 with the headline, “Los Angeles Champions at Last!.”
Tiger Woods is an icon in the world of golf, leaving an indelible mark on the sport with his legendary skill, resilience, and magnetic charisma. His career is only comparable to the handful of athletes who grace fans with nigh supernatural abilities in their respective games.
At the turn of the millennium, the golf world witnessed a remarkable feat, now known as the "Tiger Slam." Between 2000 and 2001, Tiger Woods captured four consecutive Major Championship titles, demonstrating his prowess and securing his place in golf history. The clubs he used during this incredible run are among the great pieces in all of collecting, representing not only the pinnacle of Woods' career but also an unforgettable moment in golf.
The Tiger Slam irons and wedges, including 2-PW Titleist Forged irons and two custom Vokey wedges, are a rare and invaluable piece of sports memorabilia. The wear mark on the face of the 8 iron is a testament to the dedication that went into achieving the Tiger Slam. These clubs come with substantial provenance documentation, backed by affidavits and declarations from Titleist executives who witnessed the exchange of these clubs and even a passed polygraph test. Art collectors eat your heart out; try asking for affidavits and polygraphs when you’re buying a Monet.
Golf enthusiasts and collectors alike can appreciate the significance and rarity of these clubs, as they symbolize the heights of sporting achievement. Their worth extends beyond their monetary value, serving as a testament to the enduring legacy of Tiger Woods and his unmatched impact on the world of golf.
Once more, Babe Ruth steals the spotlight on our list, this time with a road jersey dating from 1928-30. It's no wonder that the Bambino's legacy on this list mirrors his unforgettable impact on the field during his prime.
With only a handful of Babe Ruth jerseys in existence, this particular piece is a gem from the golden era of his storied career. The grey flannel body features the original "Yankees" team name across the front in blue applied lettering, the Spalding manufacturer's label, and the original linen drawstrings. The evident wear on the jersey, including the vestiges of a numeral "3" on the back, all playing a part in the authenticity of the jersey, and therefore its value.
While some may argue about the precise dating of this jersey, its importance is undeniable. From the 1928 World Series to Babe's 500th Home Run, this jersey represents an era of historic moments and a wealth of home runs; while we cannot say for sure if he had this one on when he smacked the 500th, we also cannot say for sure that he was not wearing it. As one of the most significant sports artifacts ever sold at public auction, it's only fitting that Babe Ruth makes a double appearance on our list. After all, there was, and always will be, only one Babe Ruth.
On April 23, 2008, during Game 2 of the Western Conference First Round against the Denver Nuggets, Kobe scored a crucial 3-pointer, securing a 14-point lead for the Lakers. The photos capturing his celebratory scream have become some of the most iconic images of the legendary athlete. This moment of pure passion inspired artists the world over, leading to the jersey being featured on countless murals and magazine covers. In California alone, over 15 murals showcase Kobe in this jersey, often accompanied by wings, American flags, and snakes (Black Mamba snakes to be specific).
LeBron James wore a t-shirt featuring this jersey during Game 4 of the 2020 NBA Finals, the series where Lebron would go on to win a ring with Kobe’s former franchise. This jersey has permeated the global popular zeitgeist, becoming synonymous with "The Mamba Mentality."
The jersey was worn by Kobe at the height of his career during his only MVP season, for an impressive 25 games over eight months. It was worn during five preseason games, 14 regular-season games, and six playoff games, with Kobe scoring 645 points in this jersey. This level of long-term, heavy wear is rare in sports memorabilia, as many modern items are worn for just one game. This jersey was the only gold one Kobe wore in the 2008 NBA Playoffs, leading to the 2008 NBA Finals, and marked his first advancement to the NBA Finals since Shaquille O'Neal's departure from the Lakers.
Kobe's global reach transcended basketball, touching the lives of various athletes and influencing entire teams. His unrelenting drive and commitment to excellence has left a mark on sports history, the Mamba mentality continues to inspire generations of fans and athletes.
This iconic belt, emblematic of Muhammad Ali's astonishing triumph over George Foreman in the unforgettable "Rumble in the Jungle," is likely the most powerful piece of boxing memorabilia in existence. This piece represents Ali's unwavering determination and strength as he reclaimed his title after being stripped of it in 1967 due to his refusal to participate in the Vietnam War draft.
The "Rumble in the Jungle" took place on October 30, 1974, in Kinshasa, Zaire (now the Democratic Republic of the Congo). The fight was a monumental event, with Ali utilizing his now famous "rope-a-dope" strategy to tire Foreman before delivering a powerful knockout punch in the eighth round. This victory marked the beginning of Ali's reign as the WBC Heavyweight Champion, which lasted until his loss to Leon Spinks four years later.
This WBC Heavyweight Championship belt is one of only two known to exist, with the other residing in a private collection. It features a gold-colored metal central plate with enamel detailing of swirling national flags, which has mostly chipped away over the decades.
The belt's historical significance is immense, as it not only represents Ali's exceptional athletic achievement but also his relentless pursuit of justice, and his unwavering stance on race, religion, and peace. This invaluable artifact of the American experience is a testament to the impact of one of the most consequential lives in not only sports history, but American history as well.
History wasn't just written in the 2022 World Cup final, it was worn. Six Lionel Messi jerseys, each donned for a first half during Argentina's triumphant run, transcended mere sportswear at a Sotheby's auction. These weren't just fabrics; they were threads woven into the narrative of Argentina's title defense. From the group stage opener to the iconic clash with France, each shirt embodied Messi's magic, the team's resilience, and ultimately, their glorious victory.
The Dynasty Collection is a set of 6 individual Air Jordan sneakers – each one worn by Michael Jordan in the clinching games of his 6 career NBA championships. The set consists of an Air Jordan VI (1991), Air Jordan VII (1992), Air Jordan VIII (1993), Air Jordan XI (1996), Air Jordan XII (1997), and Air Jordan XIV (1998).
Pierre de Coubertin, a French aristocrat, delivered a speech in 1892 putting forth his vision for the revival of the ancient Olympic games. Coubertin argued that new ideas, technologies, and systems were driving human progress and innovation to unprecedented heights. And that transforming athletics from a strictly military pursuit to one of individual excellence would benefit both athlete and society as a whole.
Two years after giving the speech, Coubertin founded the International Olympic Committee, and the modern Olympic Games debuted in Athens in 1896. In his manifesto, Coubertin highlighted the power of international competition in bringing people together, overcoming differences, and fostering democracy. The Olympics have persisted through two world wars and countless other far-reaching conflicts—so it would seem that Pierre was onto something.
The sale of the original 1892 manuscript over 100 years since its delivery, crystallizes Coubertin’s vision. Representing the enduring belief that sporting is one of the few ways we have to embrace our shared humanity.
In the world of soccer, few names carry the same reverence as Diego Maradona, and it is no surprise that a jersey worn by the Argentine during the 1986 World Cup Quarterfinals would be the first soccer-related item to appear on this list. Maradona's impact on the game and sports more broadly is undeniable, with his extraordinary skill, creativity, and passion for the game inspiring generations of fans and players alike.
During the 1986 World Cup, Maradona's performance in the match between Argentina and England transcended the game itself, becoming a symbol of national pride and a moment of catharsis following the bitter conflict between the two countries in the Falkland Islands War just a few years prior. Maradona scored two of the most memorable goals in soccer history during that match: "The Hand of God" and the "Goal of the Century." The latter was even voted as the greatest goal of all time in a 2002 FIFA poll.
The journey of Maradona's historic jersey into the hands of its consignor, England midfielder Steve Hodge, is a testament to the mutual respect between both players. Following the match, Hodge, who had inadvertently set up Maradona's "Hand of God" goal, took the opportunity to ask for a shirt swap. Initially thinking it was a lost cause due to Maradona being mobbed by teammates directly after the game, Hodge unexpectedly encountered Maradona again outside his locker room. Since they did not have a tongue in common, Hodges simply gave his own shirt a tug to signal interest in the swap, leading to the legendary exchange.
The "Last Dance" season of Michael Jordan in the 1998 NBA Finals remains an unforgettable moment in sports history, as it captivated viewers worldwide when the Bulls faced a hostile Utah crowd on June 3rd, 1998. The atmosphere was so fraught that Jordan did not allow his own children to attend the game. Michael was calm as ever though, grooving out on the bus before the storied game.
The 1998 NBA Finals marked Jordan's final season with the Chicago Bulls, which is fondly remembered as "The Last Dance." This period in Jordan's career is celebrated as the pinnacle of his athletic performance and the culmination of his team's legendary achievements. The 1998 NBA Finals also showcased Jordan's unassailable competitive spirit, as he led the Bulls to their sixth NBA Championship and earned his sixth Finals MVP award.
Jordan's iconic red away jersey from Game 1 of the 1998 NBA Finals is a highly sought-after artifact, a symbol of his 6 championships with the storied franchise. Collectors and enthusiasts alike recognize the immense significance and rarity of this piece, making it a prized possession for anyone fortunate enough to acquire it.
The sale of this jersey not only reflects the enduring impact of Michael Jordan's achievements but also highlights the reverence that fans worldwide continue to hold for the greatest of all time.
In August of 2021 Hunt Auctions sold this jersey in a private sale for a price of more than $4.2 million. Our list is comprised only of public auction records, so it was not included here; if it had it would have occupied the 9th spot. The private market for sports memorabilia is robust and facilitates many transactions at the high end of the market. We thought it better for our list to only be made up of prices that are publicly backed.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
We compiled the all-time auction price records for sports cards as of February 15th, 2024. Be sure to check back as we update the list as new records are set!
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The ’52 Topps Mickey Mantle card is the crown jewel of the Post-War era; it features a striking portrait of the player pensively looking into the distance. It is not the oldest card and it does not depict a player that regularly finds himself coming out on top of G.O.A.T. arguments—so why is it that this card receives so much love? The beautiful profile showing off Mantle’s Hollywood looks, the sky-blue background, the star of the best team in baseball, and a little mishap at Topps that found these cards at the bottom of the Hudson (allegedly) seriously deflating their supply. All factors in the value of cards like this one.
This example is one of the six highest graded copies among the 1,500 submissions PSA has graded—only three of which were graded higher. Only the highest quality and best maintained cards from this era will fetch such prices. At a PSA 9, this card cannot get much better.
Tom Brady was selected in the sixth round of the 2000 NFL Draft and spent his rookie season as a second-string quarterback under Drew Bledsoe. Despite this inauspicious start, he went on to become the greatest player in NFL history and is considered by many to be the best draft pick of all time. Throughout his illustrious 20-year career, he won seven Super Bowls and numerous MVP awards (5x SB and 3x regular season, but who is counting). His 2000 Panini Contenders Autograph rookie card is regarded as one of the great objects in the hobby, a symbol of his unparalleled career and status as a living legend.
This card, an extremely rare PSA 10 Auto 10, is one of two like graded examples in the world. Out of the more than 500 graded copies of Tom Brady’s rookie card it does not get better than this one.
He was bound to appear again in this list, but so quickly? There is a joke in here somewhere about TB12’s double retirement, but we will leave that be for now.
Sold just months prior to the above Tom Brady card, this example received a full grade less from Beckett Grading Services (BGS) instead of PSA. Even when considering those marks against it, the card sold for $200,000 more! Likely explained by the sports card fervor that was striking the market at the time. It still illustrates that type of the demand that exists for uber-high-quality rookie cards for the G.O.A.T.
The lone basketball player on the list, Luka Doncic has garnered more praise in the first few years of his career than nearly any player before. It did not take long for Luka to display his basketball skill—averaging 21.2 points, 7.8 rebounds, and 6.0 assists in his rookie season. He was voted rookie of the year and has only gone on to exceed expectations in the following seasons. He is performing at the highest level in all aspects of the game. Evidenced by his current 10th all-time ranking in number of triple-doubles. As a 23-year old.
The amount of hype for Doncic is surely baked into the price of this card, but aside from his accomplishments on the court this piece has significant appeal from a rarity and aesthetics perspective. Firstly, it is a 1/1, there is not another like this card. Signed by the player, but also displaying the coveted “Logoman”. Graded a BGS 9, the card is made even more valuable by the quality of its printing. It is beautifully centered—a perfect 10 in the sub-category. It isn’t perfect, but its one-of-a-kind nature propels its value well past the standard price another BGS 9 card would fetch.
Printed between 1909 and 1911, the T206 series is among the most celebrated sets in the hobby. Still recognized names like Ty Cobb and Cy Young populate the list of players represented in the set. Wagner’s card carries quite some more weight due to the story behind it. During the production run the player refused to allow production of the card; some argue it was due to his being against children buying cigarette packs, others claim it was due to Wagner wanting more compensation from the American Tobacco Company. Either way the effect it had on supply is quite noticeable when compared to the other cards in the set.
This example is the most impressive T206 Honus Wagner card known to grading firms. At SGC 5, it is far from perfect. The portrait of the player does happen to be in great condition. An image from more than 100 years ago being this sharp is a testament to the quality of collector this card has had over its life. The remaining factors of the card are of below-average quality: corners are frayed and beat up, the centering is nowhere close to 50/50, and the edges are uneven at best. Although compared to similar era cards, you will not find much better than this.
Same card as above, with a lower grade—so how does it sell for more? Two things: A great story about one of our nation’s great sitcom stars and about six years’ worth of time and appreciation.
Charlie Sheen may be remembered now more for his time on Two and a Half Men or maybe for one of his many off-screen…antics? Moving past that for now, Sheen was on what can only be described as a hot streak in the late 80s; appearing in high-grossing films like Platoon, Wall Street, and Major League. He parlayed these Hollywood pay-checks into a number of pieces of classic cardboard.
This T206 Honus Wagner was one such piece of cardboard, he purchased it for $225,000 and proceeded to loan it to a newly opened Times Square Sports Bar (novel idea, we know). The bar displayed several pieces of sports memorabilia—this card being the most valuable among them. Employees of the aptly named “All-Star Café” conspired to steal the card and replace it with a fake. They sold the real card for a paltry $18,000. After a few flips in the following years, it finally ended up on the auction block at Mile High placing it firmly in the top ten sales between two other T206 Honus Wagners.
Another T206 Honus, but this copy is graded just barely higher at PSA GD 2. The fact that Wagner cards still exist after being printed over 120 years ago is something to behold. Among the forty or so that exist this card received a higher grade than half of them. It really says something about the scarcity of this card when grades like 1 and 2 are seen topping the price charts.
Mike Trout’s superlative individual career coincides with a beautiful, BGS MINT 9 graded, one of one card from his 2009 rookie year to make for one of the most valuable cards in history. Most baseball cards on this list are of players who made their debut 100+ years ago—this one is of one who is still playing right now, so what gives?
Older baseball cards are valuable for similar reasons to this one, namely rarity. Although when it comes to T206 Wagner cards, there are approximately 50 of them. When it comes to this Trout card, there is only one.
Not to mention the fact that this card is beautiful. Graded a BGS 9 with a 10 for Trout’s autograph, it did not receive a subgrade in any category below 9. Not only was this the only card of its kind made, it was also produced and maintained with extreme care. Leading to this extreme valuation.
The 1952 Topps Mickey Mantle #311, graded SGC Mint 9, emerges from the historical "Rosen Find," mirroring its counterpart that shattered records with a $12.6 million sale, setting a precedent in sports memorabilia. This card, a near twin to the previously mentioned benchmark, stands as a testament to the exceptional quality unearthed in a once-in-a-lifetime discovery of 1952 Topps Series Three deadstock, attributed to Al Rosen, a pioneering figure in the collectibles arena known as "Mr. Mint." This discovery not only cemented Rosen's legacy but also introduced to the market a collection of world-class cards in unparalleled condition.
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Ahh! Back to our boy Honus! What else to say about this card. As you can tell when ever even relatively low graded T206 Wagner’s come up for sale they exhibit extreme demand. This card graded an SGC VG 3 is among the best of the best. Only four such examples can be found graded higher.
Even without knowing the grade, the naked-eye is all that is needed to witness the quality of this example. The portrait of Honus is only interrupted by a few small imperfections and the card is centered extremely well for a T206. The corners and edges are definitely worse for wear, but when considering the over 120-year-age of the piece, collectors have been known to be forgiving.
The Babe Ruth rookie card from the Baltimore News, recently sold for a staggering $7.2 million, encapsulates the essence of baseball's golden age. With only ten known examples in existence, this rare artifact not only symbolizes Ruth's early days as a Baltimore Orioles pitcher but also serves as a testament to his enduring legacy. The record-breaking sale reaffirms Ruth's unparalleled status and cements the card's position as one of the most significant and coveted in the history of sports memorabilia.
It is only fitting that the first and last on the list are of the ’52 Topps Mickey Mantle #311. This example received a half grade higher than the copy in the tenth spot, but almost a $10 million premium over it in price. I won’t regale you with details of Mantle’s illustrious career with the Yankees or with how supply of these cards is limited due to a print run of them being supposedly dumped into the Hudson. This card has somehow an even more interesting story than the average ’52 Mantle.
“The Rosen Find” is a bit of hobby lore that is the stuff of dreams for enterprising dealers and collectors. Hobby pioneer Al Rosen—self-proclaimed “Mr.Mint”—received a call from a Boston man claiming to have a collection of high-numbered 1952 Topps cards. The story was that his father was a delivery driver for Topps and when the distribution of these cards was axed, they ended up sitting in his basement for the next 31 years.
When Rosen went to go see the cards a week later he stumbled into what might be the best score in the history of the hobby. Seventy-Five Mickey Mantle #311 cards. This example was then sold off to Anthony Giordano for $50,000 in 1991. Implying an eye-popping 19.53% CAGR before fees.
Although there are three PSA GEM-MT 10 graded copies of the card, they have never shown up at auction. It is impossible to say if they ever will, or if their quality is noticeable better than this one. When it comes to ones that have come to auction, it does not get any better than “The Rosen Find”.
This card was sold in a deal brokered by Goldin in August of 2022. A year after the SGC VG 3 copy was sold for $6,606,296 in August of 2021. Demand for T206 Honus cards borders on the incomprehensible. Just the rarity of the card is enough to propel its record to new heights. High grades relative to the population alter the valuation, but when it comes to Honus it seems that collectors are buying the card as opposed to buying the grade.
January of 2021 found this copy in a sale brokered by PWCC. Thecopy is one of 6 examples graded PSA 9 (out of a total 1,897) and is one of the most beautiful examples of the golden age icon.
January of 2021 found this copy in a sale brokered by PWCC. Thecopy is one of 6 examples graded PSA 9 (out of a total 1,897) and is one of the most beautiful examples of the golden age icon.
Enjoyed this article? Don’t forget to subscribe to our newsletter to receive more like it in your inbox weekly!
Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
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Graded video game collecting has surged in popularity over the last few years. While maybe not at the frenzied, fever pitch of mid-2021, the category is still cultivating interest from collectors old and new. Given the increase in popularity, more parties are pursuing the business of video game grading. Today, there are three main competitors in the space: Wata Games, VGA, and CGC. By exploring the attributes of each service, we'll set out to answer a few key questions:
Okay, let's start with a little background on each.
Wata Games was founded just a few years ago in 2018, with Wata-graded games quickly finding their way to the auction block at Heritage Auctions (controversially, some allege). With the explosion in popularity of video game collecting and the headline six and seven-figure sales, video game grading became a sought-after service. In 2021, Collectors (which owns card grading company PSA) acquired Wata. Over the course of the past few years, the company has begun grading games from more modern systems, while also refining population reports, game holders, and branding.
VGA is a part of Collectibles Grading Authority (CGA), which was founded back in 2000 and also features toy grader AFA. The company expanded into video games in 2008, making it the longest tenured player in the space. In late 2021, CGA was acquired by Diamond Comic Distributors. Since then, the company’s website - a common pain point for collectors - has been rebranded and modernized.
CGC was founded way back in 2000 to grade comic books. It’s part of a broader business - Certified Collectibles Group - which features grading companies in coins, paper money, stamps, sports cards, and more. Since its founding, CGC has built a dominant position in comic books, operating essentially unchallenged - almost every high value sale has featured a comic book in a CGC slab. As other pop culture collectibles have grown in popularity, CGC has expanded its services to grade more items like trading cards and, yes, video games. The video game expansion was announced in mid-2021 and officially launched in late 2022, with CGC-graded games only recently finding their way to auction.
Wata recently had turnover in the Chief Grader role (more on that in a moment), elevating Andrew Shelton from the role of Grading Finalizer to the top job. The company was co-founded by Deniz Khan who now serves as President. Khan is a prominent collector and figure in the category, though recent accusations have made him somewhat of a lightning rod for industry controversy. Whether the company can benefit from grading best practices at fellow Collectors company PSA remains to be seen.
After the recent acquisition and website re-launch, little is publicly shared about the composition of the team, its experience, and its expertise. That’s not to suggest that VGA is necessarily lacking in this department, being the longest tenured provider in the space, but those details are not publicly available at present. The lack of public visibility, though, has been a common complaint in the past.
CGC tabbed Matt McClellan to lead CGC Video Games. McClellan was tasked with hiring, establishing grading standards, and developing a holder. Prior to CGC, he operated an independent video game store, where he built his expertise in authentication and his collection. As of February 2023, the company also counts Kenneth Thrower as a Grading Finalizer; Thrower was a Co-Founder and Chief Grader at Wata, and according to his LinkedIn, created the company’s grading scale and grading standards. Finally, Grading Finalizer Jason Brassard also boasts 20 years of experience as an independent video game store operator.
Wata utilizes a 10 point scale that goes up in increments of 0.5 points from 0 to 9 and then in increments of 0.2 from 9 to 10. Handily, Wata provides photographs of boxes, carts, and manuals that would meet the criteria of each score, though it doesn’t define the criteria of each grade.
Seals are graded from A++ to C, with A+, A, B+, B, and C+ in between. Here’s how each is described:
VGA’s website currently appears to display a grading scale that only relates primarily to AFA. However, the “Standard” scale is what has been utilized for VGA games in the past. Unlike the other two, it’s a 100 point scale, increasing in increments of 10 from 10 to 70 and in increments of 5 from 70 to 100. At each step of the way from 70 to 100, there are also “+” grades, an “85+” for example, which is a higher grade than an “85”. Additionally unlike the other two, there is no separate grade for seals, with it incorporated in the single number.
Grades from 85+ and up are considered to be in the “Gold Level”, meaning they have only the smallest of flaws, which are very minor and difficult to discern with the naked eye. Below that, from 75 through 85, is the “Silver Level”, which plays host to a much larger number of submissions. Items in that tier are described as follows:
The highest grade within this level, an 85, could most often be described as being near ‘case fresh’, with the lowest grade within this level, a 75, being somewhat ‘shelf worn’ but still relatively nice. As a general rule, an item which receives the grade of 85 is a fantastic display piece and can often be right on the edge of Gold level condition. The term ‘case fresh’ is certainly justifiable, as the average item pulled from a sealed case would grade an 85 due to small flaws which occur when items are packaged or shipped from the factory. An item which receives the grade of 80 represents a nice example with minor to moderate flaws apparent upon close inspection. As a generalization, the average item which has spent time on a store shelf being moved around prior to purchase, but has otherwise been handled with relative care over the years may score an 80. The lowest Silver level grade is a 75 which represents an item with significant flaws which are much more evident than flaws visible on items which receive higher Silver level grades.
Below that, you enter the “Bronze Level” of grading, where major flaws are present and instantly recognizable, with differing degrees of severity.
CGC’s grading scale looks fairly similar to Wata’s, with a few differences. It’s a 10 point scale, but it rises in increments of 1 point from 0 to 5. From 5 to 9, it rises in increments of 0.5 points. From 9 to 10, it also rises in increments of 0.2 points, but it makes the additional inclusion of a 9.9. Here are some of CGC’s descriptions for a few grades:
Seal grades fluctuate from A++ to C as well, with A+, A, B+, B, and C+ in between. Here’s how each is described:
For example’s sake, across this discussion, let’s assume we have a sealed copy of Super Mario 64, and we’ll see how the estimated value impacts pricing at each provider.
For an estimated value $1,000 or less, Wata’s “Turbo” service will set you back $39 for a 60 business day or less turnaround. Move that turnaround time down to 20 days for “Speed-Run” service, and the cost is $85. If you’re really in a hurry, a 5 business day turnaround via the “Warp-Zone” service will cost $175. Each of these costs moves up as your declared value increases. Games above $2,500 are charged an additional 2% of their declared value. For example, at a declared value of $3,000, the costs are $99, $145, and $235 respectively.
There are also a host of add-on services available, the details of which are in the below graphic.
VGA’s premium game submission service, offering a 75 day turnaround time for items valued under $5,000, costs $90 - more expensive than either competitor at lower values but increasingly competitive as costs go up. For example, a $1,000 game would cost that $90 fee, more than double the competition. A $3,000 game would still cost just $90 though, which is below the other services.
Submittors could also elect the more expensive Archival service, which turns around in 30 days. This is also the service tier for games valued at over $5,000. At values less than $5,000, Archival costs $125. That’s more costly for lower valued games than Wata’s Speed-Run service, and as we’ll discuss, a quick turnaround at CGC is vastly less expensive at the moment. A $6,000 game would cost $150 (2.5% of value).
Customers can add a Grading Summary for $25 or Cleaning for $10.
Finally, recasing for items under $400 costs $24 and turns around in 45 days. For items over $400, the fee is $35 and the turnaround is 30 days.
Right off the bat, CGC chafes by requiring you to subscribe to an annual membership to even begin the submission process. These run from $25 annually to $299 annually, with the latter offering 10% discounts on CGC grading tiers, perhaps ultimately saving heavy submitters some money.
Standard service starts at a fee of $40 per game but with an impressive 10 working day turnaround. That service covers up to $2,500 in game value. In comparison to Wata, a $1000 game would be $4 more expensive but would turnaround in 50 less days. It would also be cheaper for any game estimated between $1,070 and $2,500 in value, as CGC does not start charging elevated rates until a game is estimated to at a value over $2,500. So, a $2,000 game would be $40 at CGC but $65.67 at Wata.
When the value does cross $2,500 or submitters want a faster turnaround, they’d utilize the WalkThrough service, which turns around in 3 business days at a cost of $150 + 2% of FMV. At an estimated value of $3,000, the cost would be $210. If you’re willing to wait longer, you could submit such a game for $99 for a 60 business day turnaround or $145 for a 20 day turnaround at Wata. A 5 day turnaround would be more expensive at Wata at $235.
If you want to cross a game over from Wata to CGC, it’ll cost $30 for a game valued below $2,500 (10 business days) or $100 + 1.5% of FMV for a game valued above (3 business days). There are also pedigree and personalization services available at $10 apiece, and reholdering can be done for $25 on games valued lower than $2,500, or $50 on games valued above.
Here’s a table we created to help summarize costs at various prices for each service.
At present, Wata is by far the most prominent grading service seen on games bought and sold in the secondary market. Games graded by Wata have dominated the auction scene (more on that in the scrutiny section). The April Signature Auction at Heritage saw Wata-graded games make up 16 of the top 24 sales and 31 of the top 48. Wata-graded games tend to reign supreme on eBay as well. In the three months ending 6/15, video games with “Wata” in the title/description totaled sales volume of $1.7 million on eBay. Now, it’s important to note for all providers, those eBay volumes don’t necessarily represent sales of games actually graded by each. eBay can be messy, and sellers often list “WATA, CGC, VGA” in a listing whether the item has actually been graded or not, which has some impact on the sales data.
VGA has begun to fade a bit on the auction scene after being more prevalent a few years back, as market share has been seeded to Wata and now to CGC as well. It hasn’t totally disappeared by any means, though. At the most recent Heritage Signature Auction in April of 2023, VGA-graded games accounted for 4 of the top 24 games. The company still ranks ahead of CGC in eBay sales volume for the time being at $819k over the last 90 days, which is less than half of the Wata total.
CGC-graded video games are of course newer to the space, but they’ve begun to forge their way into the auction world. At the January Signature Video Game Auction at Heritage, a debut party of sorts for the service’s games, CGC games accounted for 27% of total sales at the event, including 4 of the top 10 results. That tapered off a bit in April, with 4 of the top 24 results. Action is picking up on eBay as well, though, where there was $662k in sales volume over the last 90 days ending 6/15.
Wata was heavily scrutinized for a long time for its failure to provide population reports. Finally, in late 2021, the company released their debut reports, expanding them over time to include additional consoles. Now, its reports are essentially the only ones in the space, and collectors have better access to information on overall game populations and grading distributions.
There is no population report available at present. VGA did not have population reports prior to its acquisition, and there isn’t one available afterwards. Notably, AFA - under the same corporate umbrella - used to have population reports prior to the website relaunch but no longer does at the moment.
No population report available at present. CGC comic books have a census of graded issues, so it may be a matter of building a critical mass of video game submissions before launching population reports.
Beginning in the summer of 2021, there have been mounting allegations that Wata has engaged in practices of market manipulation, in addition to alleged undisclosed conflicts of interest surrounding relationships with employees of Heritage Auctions. A lawsuit has been filed against Wata in California on the basis of these allegations, among others. Wata has previously characterized the claims made in a YouTube video on the topic with over 2 million views as “baseless and defamatory”.
VGA has been subject to similar YouTube-based exposes in the past, with questions raised around the quality of holders, the accuracy of grades, and the lack of customer-facing individuals (as addressed in the expertise section).
CGC is of course newer to video games, but as with any grading company, CGC has not been totally immune from criticism in the comic book category. Still, the company for the most part boasts a strong reputation for credibility and professionalism.
In addition to the previously mentioned pop reports, Wata offers a number of guides in its blog section, including guides to variants of various titles and categories, like its NES Black Box Guide. That blog section isn’t the most intuitive to navigate, but there appears to be a wealth of knowledge on offer.
As might be expected from the rest of our discussion, the new CGA site is pretty light on content and reference guides, but it’s possible the site is also still a work in progress. So we’ll consider this a “to be continued”.
CGC has gotten off to a good start with content for customers as well. Included on their site is one 130 page reference guide document. It covers common terms, consoles, key titles on each console, variants on each console, and more. It’s a strong starting point for anyone entering the category.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
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Photo: Mick Haupt
As the sneaker resale and collecting phenomenon converges with rapidly increasing interest in sports memorabilia, sales of rare sneakers have taken to stratospheric prices. We’re talking six and seven-figures near routinely. Over the last few years, the record books have been rewritten almost entirely. What do those most expensive sneaker record books look like today?
First, we’re counting down the ten most expensive sneakers of all-time, whether they’re sports memorabilia items or deadstock pairs. Spoiler: it concentrates more in the former, but stick around, because we’ll get to a non-memorabilia ranking afterwards.
Alright, let’s lace up and start unboxing the most incredible sneaker grails in existence.
Sale Price: $486,000
Date Sold: 4/9/2022 (Goldin)
What we’re about to say might shock you. Really, hold onto your hats, because your jaw is about to drop. Michael Jordan accounts for the vast, vast majority of this list. We know. Stunning. Here comes another shocker: a lot of them are Jordan 1s.
This particular pair hails from Jordan’s rookie season, as many of them do, with MEARS providing an LOA for game-use and an LOA from ex-Bulls trainer Mark Pfeil, who originally obtained the sneakers before auctioning them for charity previously. The dual signatures are verified by PSA/DNA. The labeling on the inside of the sneaker “850102-TYPS” suggests the sneakers were made in an early run of production in January or February of 1985 at the factory in Tong Yang. “PS” stands for player sample.
Sale Price: $560,000
Date Sold: 5/17/2020 (Sotheby’s)
The Last Dance premiered on April 19th of 2020. About a month later, another pair of game-worn Jordan 1s came to Sotheby’s, selling for a then-record of $560,000. They were estimated to sell for just $100,000 -$150,000. The right shoe is signed by Jordan, with authentication from PSA/DNA. MEARS authenticated the game-use.
This pair was labeled “850204-TYPS”, meaning that it was manufactured between February and April, a bit after the previous pair in our countdown.
Sale Price: $615,000
Date Sold: 8/21/2021 (Heritage)
Can you believe it? Three straight Jordan 1s. Believe us, we’re just getting started. This pair has a particularly fun story, though.
Jordan originally signed and gifted this pair to teammate Gene Banks. Years later, Banks gifted them to San Antonio sportscaster Rick Lozano. Jordan’s original signature had begun to fade from the shoes, so when Lozano saw an opportunity, he took it. Before Game 5 of the 1991 NBA Finals at the Forum against the Lakers (a game that would see Jordan clinch his first title), Lozano interviewed Jordan on camera and asked for him to resign the sneakers. Jordan obliged, boldly signing each toebox and inscribing “1st pair” (a reference to the Jordan 1 being the first model, rather than it being the first specific pair of Jordans he ever wore).
That interaction is captured on video, and the sneakers feature LOA verification from MEARS, Beckett, and PSA/DNA.
Sale Price: $615,000
Date Sold: 8/13/2021 (Christie’s)
The “Shattered Backboard” has become a popular colorway for newly-released Jordan product today, but few know where the orange, black, and white color scheme actually comes from. In August of 1985, Jordan played in an exhibition in Italy, wearing a uniform of that color scheme when he dunked in transition, shattering the backboard into shards of glass sent everywhere. The sneakers he wore in that game, evidenced through clear provenance and photos of Jordan handing them to the consignor, sold at Christie’s in the summer of 2021 for $615,000, which established a record at the time. The dual-signed sneakers even feature glass still embedded in the outsole.
They were offered for fractional investment on Otis, which was later acquired by Public where they trade today.
Sale Price: $675,000
Date Sold: 2/26/2022 (Heritage)
Early on in his second season as a pro, Michael Jordan suffered a broken foot, sidelining him for about six months. When he returned, his signature Jordan 1s required modification to better accommodate the injury. One such modification was the use of the sole of a Nike Dunk, which was both softer and wider.
A pair of those “Dunk Sole” Jordan 1s sold at Heritage in February of 2022, and it was actually photomatched by MeiGray to a specific game against the Milwaukee Bucks. It’s the first instance of a traditional photomatch from a reputable provider in our list. The sneakers bear “860304STPS” labeling on the inner collar, indicative of their later production.
Sale Price: $1,380,000
Date Sold: 6/14/2023 (Goldin)
"The Flu Game" is an iconic moment of Jordan lore, the type that that reverberates in the memories of fans decades later. You hear "Flu Game", and you can instantly picture images of a doubled over Jordan or Jordan leaning on Scottie for support. Despite being horrifically ill, having spent most of the day vomiting, MJ went out and willed himself to 38 points (including 15 in the fourth quarter) and the Bulls to a victory. Jordan gifted his sneakers to a ball boy, as he often did, who held onto them for 15 years before selling for $104,765 in 2013. Not a bad outcome for whoever bought them back in 2013, though they may have been hoping for more - many expected these to sit atop our rankings when the bidding closed. The sneakers were photomatched to the occasion by MeiGray and Sports Investors Authentication.
Sale Price: $1,472,000
Date Sold: 10/24/2021 (Sotheby’s)
As has been well-documented and discussed by the recent Air movie, Nike pitched Michael Jordan on having his very own signature shoe, which of course would be the Air Jordan. It takes quite some time to get a sneaker into production and to the athlete’s foot, though. In the meantime, Jordan wore the Nike Air Ship during his early days with the Bulls.
This particular pair was gifted to a Denver Nuggets ball boy in just Jordan’s fifth regular season game ever, though there was also some reason to believe they could’ve been used in even earlier games as well. Many of Jordan’s Air Ships were printed with “Air Jordan” or “Nike Air” on the heel. This particular example is printed with just “Air”, an indication that they were among the very earliest. This sale absolutely shattered the record for the most expensive sneaker ever sold, and it maintained the auction record until the spring of 2023.
Sale Price: $1.8 million
Private Sale (Sotheby’s)
We’ll caveat this sale by noting that the transaction was a private sale facilitated by Sotheby’s, making it the only non-auction sale in our list. However, because it was widely publicly known, we opted to include it here.
Before things went even further south with Kanye West, his cultural impact, at the intersection of music and fashion, was undeniable. Yeezy sneakers became a phenomenon, first at Nike and then at Adidas, where they propelled the German sporting giant into a far stronger competitive position here in the United States. In the mid-to-late 2010s, they were the hyped sneakers of the moment.
Before all of that, Kanye West took to the stage at the 2008 Grammys wearing the Nike Air Yeezy Prototype. The sneaker that preceded an unbelievable journey. That very pair sold for $1.8 million to fractional sneaker investing platform Rares. Rares was unable to fill the massive offering with sufficient investor demand and sought to sell the sneakers privately with Christie’s. However, that choice came just before Ye’s most controversial moments, and Christie’s declined to participate when things went from bad to worse.
Sale Price: $2,238,000
Date Sold: 4/11/2023 (Sotheby’s)
Just months after Jordan’s jersey from Game 1 of The Last Dance Finals became the most expensive game-worn sports memorabilia ever sold at $10.1 million, his sneakers from Game 2 became the most expensive sneakers ever sold. Jordan dropped 37 points in a Bulls win before signing his Jordan XIIIs and giving them to a ball boy. The sneakers are photomatched to the occasion by MeiGray. They were estimated to sell for between $2,000,000 and $4,000,000, fetching just one bid to sell for $2,238,000 with fees. Sometimes, all it takes is one bid to execute a sale, and a sale is a sale is a sale. This just happened to be one of the most expensive ever.
Sale Price: $8,032,800
Date Sold: 2/2/2024 (Sotheby’s)
With six individual sneakers rather than the two that traditionally come in a pair, it's not really a fair fight, is it? After each NBA Championship-clinching performance, it became tradition for Jordan to gift one of his sneakers to Bulls PR executive Tim Hallam. That tradition birthed one of the most significant collections of sneakers in existence. Despite concerns around decomposition in the midsoles of the Jordan VI and Jordan VIII, as well as the odd, single-shoe nature of the collection, it still managed to sell for over $8 million at Sotheby's. On average, that makes each individual shoe worth $1.3 million. A completed pair of any one of them would no doubt be the most expensive pair ever sold, but few would deny that this collection belongs atop the leaderboard of most expensive sneaker sales.
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Sneakerheads might look at the above list and conclude that those are basically all more memorabilia item than they are sneaker. Where are the deadstock grails? We’ve got you covered.
In compiling the list below, we removed any sneakers from consideration if their value was based more on that specific pair’s association with an athlete or individual than on the sneaker itself. So, Jordan branded sneakers aren’t excluded, but they are if it’s a pair that was specifically worn by or made for MJ.
Just as the above list was almost entirely Michael Jordan-centric, this list lacks variety as well. Let’s get into it, you’ll see what we mean.
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Back in February of 2022, Sotheby’s conducted a special event, auctioning 200 pairs of Nike x Louis Vuitton Air Force 1s, created by the late designer Virgil Abloh. Proceeds were directed to the Virgil Abloh “Post-Modern” Scholarship Fund, an organization that aims to foster equity and inclusion within the fashion industry by providing scholarships to academically promising students of Black, African American, or African descent.
Before his passing in November of 2021, Abloh had designed the sneakers for the Louis Vuitton Spring-Summer 2022 collection. Abloh’s impact on sneakers and fashion was immense, from his Off-White brand and its highly-coveted collaborations with Nike to his time as artistic director at Louis Vuitton. When these special Air Force 1s, clad in the signature Louis Vuitton monogram print, came to auction at Sotheby’s, the reception was astounding.
Each pair was estimated to sell for between $5,000 and $15,000. That turned out to be just a bit conservative.
All 200 pairs sold….at an average price of $126,662, generating over $25 million in total sales. When this auction took place, there were likely no more than 5-10 six-figure deadstock sneaker auction sales in history. This auction alone saw 162 pairs sell for six-figure sums. Again, it was a rarity for any sneaker to cross $100,000. On that day in February 2022, despite there being 200 identical pairs available, 162 still made it into six-figure territory. Usually, a sneaker would have to be a 1-of-1 or close to it to achieve those heights. Not the case here.
So, as we move down the list, understand that these are not typos or duplicates, but individual sales at these prices. We acknowledge that it makes for a somewhat boring ranking, but the reality is that the power of this sale is undeniable. These sneakers comprise every slot from #10 to #2, and you could argue #1 is a judgment call, but we’ll get there momentarily.
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $189,000
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $201,600
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $352,800
Date Sold: 2/9/2022 (Sotheby’s)
Sale Price: $437,500
Date Sold: 7/23/2019 (Sotheby’s)
Look, you could certainly make the case that these are more memorabilia than they are sneaker, and we wouldn’t take you to task for it, but hear us out. This particular pair was in unworn, deadstock condition. While the model was made for athletes at the 1972 Olympic Trials, there is no association here to a specific athlete, and the value isn’t derived from such an association. Now, its value is derived from the fact that it’s a premier piece of early Nike history, but exclusion on those grounds is a slippery slope. It’s often the case that a sneaker model is valuable because it marked a specific cultural moment or innovation for a brand, most often Nike. You wouldn’t exclude original retail releases of the 1985 Jordan 1. Nor would you exclude player editions, friends & family editions, or samples. Should the early and highly limited nature of the Moon Shoes alone merit exclusion? Again, up for debate, but we say no. Isn’t it fitting that some of the earliest Nikes produced sit atop the leaderboard?
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
As the world of alternative assets continues to thrive, rare books stand out as one of the oldest and most enduring forms of collectibles. With their rich history, cultural significance, and potential for appreciation, rare books offer a unique and rewarding investment opportunity for both seasoned collectors and newcomers alike. In this guide, we'll delve into the world of rare book collecting and investing, exploring the key factors to consider and the steps to get started.
Rare books are among the oldest form of collectibles, with a history that spans centuries. Esteemed auction houses, such as Sotheby's and Christie's, both had their origins as book auction houses, a testament to the lasting appeal of rare books.
The allure of rare books lies in their ability to transport readers to different worlds and eras, while also serving as tangible connections to the past. Whether it's a first edition of a literary classic, an illuminated manuscript, or a signed copy of a beloved author's work, rare books are cherished for their historical and artistic value.
When it comes to investing in and collecting rare books, several factors can influence a book's rarity and value:
Entering the world of rare book collecting can be both exciting and daunting. Here are a few tips to help you get started:
Rare book collecting is a journey of discovery and appreciation, offering the opportunity to connect with history, culture, and the written word. Whether you're an avid reader, a literary enthusiast, or an investor seeking alternative assets, rare books provide a unique and enrich
Photo Credit: Unsplash -- Natalia Y.
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
As the market for alternative investments continues to expand, comic books have emerged as one of the premier asset classes among collectors and investors. Understanding the grading process and the labels applied to comic books is a critical step for anyone looking to navigate this market. In this article, we'll explore the basics of comic book grading, including the differences between grading agencies, how each label is valued, and what determines which label is applied to a comic book.
Comic book grading is the process of evaluating a comic book's condition based on a standardized set of criteria. The grading process takes into account factors such as the condition of the cover, the pages, the binding, and the overall appearance of the book. A higher grade indicates a comic book in better condition, while a lower grade signifies more wear and tear. CGC’s grading rubric goes from a familiar Gem Mint 10 to a 0.5 Poor. It describes a 10 as “The highest grade assigned. The collectible must have no evidence of any manufacturing or handling defects.”, whereas the description reads 0.5 “A heavily defaced collectible with a number of major defects. Some pieces will also be missing.”.
Grading is conducted by professional grading companies, and the two most well-known grading agencies in the industry are the Certified Guaranty Company (CGC) and the Comic Book Certification Service (CBCS). Both companies utilize similar grading scales, but there are subtle differences in their methodologies that collectors and investors should be aware of.
Once a comic book is graded, it is encapsulated in a protective plastic case or a “slab”, and a label is attached to the case to display the grade and other relevant information. The label, commonly referred to as a "slab," serves as a certificate of authenticity and a way to easily identify the grade of the book.
There are different types of labels used by grading agencies, and each label carries its own significance:
Universal (Blue) Label: The most common label used by grading companies, the Universal Label indicates that the comic book is an original and unaltered copy. It is applied to comic books in any condition, from "Mint" to "Poor."
Signature Series (Yellow) Label: A special label applied to comic books that have been autographed by a creator or contributor and have been authenticated by the grading agency. Signature Series labels often carry a premium in the market due to their unique nature.
Qualified (Green) Label: The label applied to books with a “significant defect” that needs further description. Usually, meaning a missing page or marking on the book. May also denote an unauthenticated signature, meaning one that was not supervised by the grading firm.
Restored (Purple) Label: This label is applied to comic books that have undergone restoration or conservation efforts to improve their appearance or condition. Restored comic books are valued differently from unaltered copies, as restoration can affect the book's long-term value.
Pedigree (Gold) Label: A label applied to books that come from a collection of great significance. CGC has a list of these 61 “Pedigree Comic Book Collections” that books might potentially belong/have belonged to. Collectible valuations are somewhat dependent on ownership history, also called provenance, so knowing the origin of a book has the potential to alter the value significantly.
Comic book grading provides several benefits to collectors and investors. A graded comic book offers a level of transparency and authenticity that is critical in the market. Grading also helps standardize the condition of comic books, allowing for easier comparison between copies and more accurate price determination.
Additionally, the grade of a comic book can significantly impact its market value. Higher-graded comic books often command higher prices, while lower-graded copies may be more affordable. Ultimately, the grade of a comic book is just one of many factors to consider when making an investment decision.
Population reports are distributed by grading firms to give collectors a snapshot of their graded population of books at a point in time. Knowing the distribution of grades received by a population of a specific book is very valuable information for collectors.
By carefully analyzing population reports, collectors can gain valuable insights into the rarity of specific comic books and make informed decisions when buying, selling, or trading. Whether looking for a hidden gem or seeking to understand the relative value of an asset, population reports serve as an essential tool for navigating the ever-evolving world of comic book collecting and investing.
Comic book grading is an essential component of the alternative investment landscape. Understanding the grading process and the significance of different labels can help collectors and investors make more informed decisions as they navigate the exciting world of comic book investing.
Photo Credit: Erik Mclean-Unsplash
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Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
All information provided by Altan Insights is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index or asset is not an indication or guarantee of future results.
