PWCC Marketplace reported the record sale for a PSA 10 1986-87 Fleer Michael Jordan rookie card at $840,000 late Saturday night. The sale, which took place in the company’s July topped the previous mark for a Jordan rookie card by more than $100,000.
According to PWCC’s Jesse Craig, the Jordan card in its auction was pulled from a pack not long ago by someone who built a set. The person who consigned the card to auction bought the set and then had the Jordan graded. The company called it “quite possibly the single finest PSA 10 in the world.”
The price is far above all recent sales of PSA 10 Jordan rookie cards. After reaching a high of over $700,000 at Goldin Auctions in late January, numerous examples arrived on the market in the next several months with recent prices settling between $212,000 and $270,000. However, those dips have caused interest in the card to begin ticking back up again. Another PSA 10 sold through Julien’s Auctions over the weekend for $384,000. There are currently two on eBay.
The card first crossed the six-figure mark in early September of 2020.
Collector Nick Fiorella, who owns a large number of high-end cards and reportedly purchased a Luka Doncic National Treasures Logoman rookie card for over $4 million earlier this year, posted on social media that he opted to pay the record amount because of the quality of the card. “I bought what I think is the best Jordan rookie I have seen,” he stated. “The highest PSA can grade is 10. I’m saying there are clearly better 10s than others.”
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There are currently 318 Jordan rookie cards graded 10 on PSA’s Population Report.
That wasn’t the highest price in the $7 million auction, though. A 2003 Upper Deck Exquisite Collection LeBron James Rookie Patch Autograph (#35/99) graded SGC 9.5 sold for $900,000.
A 2003 Exquisite Limited Logos Jordan Patch Auto (#3/75) netted $780,000 while a 1961-62 Fleer Wilt Chamberlain rookie card graded PSA 9 sold for $280,000.