Back in October, Collectable offered shares in one of the 24 PSA 10 1980-81 Topps Larry Bird/Magic Johnson rookie cards, then valued at $352,000. On Monday, the company received an offer of $720,000 for the card.
After fees, those who bought in would receive about $160.69 per share, a 161% premium above the IPO price from October.
Shareholders now have 48 hours to vote on the offer, which is believed to be a record price for a Bird-Johnson rookie card.
The news came on the heels of a $265,000 offer for a PSA 10 Michael Jordan rookie card on Sunday. While it would mean a record price for the card, it’s not likely the record would last long with three others currently on the auction market that are expected to fetch a higher price.
Over 81,000 items from 18,500 sellers have been sold since last year’s AFC Championship Game.
The average cost of a card from Mahomes’ first season sold on eBay was $424. Seventeen different cards sold for $50,000 or more.
Those numbers will grow this week, thanks in large part to a couple of National Treasures Mahomes rookies that were slated to sell for six-figure prices Monday night and numerous others that have broached the $10,000 mark after the AFC Championship Game.
You can check out the most watched football card auctions here.
Nearly 600 lots are in the new Mile High Card Company “Extra Innings” Auction, with more modestly priced items up for grabs than are normally found in the company’s major auctions.
There are over 160 lots dedicated to Michael Jordan including a Jordan Fleer rookie card (PSA 6) and sticker (PSA 8), nearly 100 PSA 10 graded cards from the 1988-89 Fleer basketball set, a 1948 Swell Sport Thrills #14 Lou Gehrig (PSA 7); a 1952 Topps Warren Spahn Black Back (PSA 8); a 2013-14 Panini Select Giannis Antetokounmpo PSA 10, numerous 1968 Topps Deckle Edge proof cards and a PSA 9 Joe Montana rookie card.
Unopened material includes a 2005-06 Upper Deck Hardcourt Basketball box and a 2008-09 Topps Chrome Basketball box.
Bidding continues through February 3.
MHCC’s next major catalog auction arrives in March with consignments still being accepted.
When a former athlete dies, there’s usually an immediate rush to buy their cards and other memorabilia. As impulse buyers move on, the market eventually settles back to a more normal level.
That’s not necessarily the case with Kobe Bryant, especially in Southern California, where even a year after his death, the interest remains strong.
After 35 years in business, Ian Allen of South Bay Baseball Cards in Lomita admits the interest in the Lakers legend has had a huge impact in the last year. He talked with KABC-TV for this story:
The Vermont Sports Card Show held inside the University Mall in South Burlington was on over the weekend. WCAX-TV stopped by.