Autographed Michael Jordan Rookie Card Sells for $2.5 Million
Introduction to the Sale
An autographed Michael Jordan rookie card sold for $2.5 million in an auction that closed on Thursday.
The 1986-87 Fleer card sold through Joopiter — the auction platform founded by Grammy-winning artist and producer Pharrell Williams three years ago — shows Jordan soaring toward the rim with his right arm extended and tongue dangling. It was one of nine trading cards signed in a blue sharpie at his private golf course in Florida last year.
Details of the Card
The card is extremely rare, with only nine signed copies in existence. The fact that it was signed by Jordan himself makes it highly valuable to collectors. The auction platform, Joopiter, has been making waves in the collectibles market since its founding, and this sale is one of its most notable to date.
Comparison to Other Sales
According to ESPN, the $2.5 million is the most paid for a Jordan rookie card — signed or unsigned — and the third-highest price in a public sale for any Jordan card. That record is $2.928 million. In March, an autographed Bulls jersey that Jordan wore in a preseason game during his rookie year sold for $4.215 million at an auction through Sotheby’s.
Market Context
The sale of the autographed Michael Jordan rookie card for $2.5 million is a significant event in the collectibles market. It highlights the enduring popularity of Jordan and the value that collectors place on rare and unique items related to him. The fact that the card was sold through an online auction platform also underscores the growing importance of digital marketplaces in the collectibles industry.
Conclusion
The sale of the autographed Michael Jordan rookie card for $2.5 million is a remarkable event that showcases the value of rare collectibles. The card’s rarity, condition, and provenance all contributed to its high sale price. As the collectibles market continues to evolve, it will be interesting to see if other items related to Jordan or other celebrities will fetch similar prices.
FAQs
What is the significance of the autographed Michael Jordan rookie card?
The autographed Michael Jordan rookie card is significant because it is one of only nine signed copies in existence, making it highly rare and valuable to collectors.
How much did the card sell for?
The card sold for $2.5 million.
What is the record price for a Jordan card?
The record price for a Jordan card is $2.928 million.
Where was the card sold?
The card was sold through Joopiter, an auction platform founded by Pharrell Williams.
What other notable sales have there been of Jordan-related items?
In March, an autographed Bulls jersey that Jordan wore in a preseason game during his rookie year sold for $4.215 million at an auction through Sotheby’s.
