Barely a month after the $350,000 sale of a rare Michael Jordan insert card from the 1990s made international headlines, a less rare but still highly coveted cousin is on the auction block.
The 1997-98 Skybox Metal Universe Precious Metal Gems inserts included both red and green versions. One of the ten green (or Emerald) versions soared to that record price in February. Now, one of the 90 red (or Ruby) versions is creating a buzz of its own.
Graded 6.5 by PSA, the card has already set what’s believed to be an auction record price with bidding at $55,100 as of Sunday afternoon. The listing is one of more than 17,000 cards being offered in the current PWCC auction. Bidding will close Wednesday night.
In 2012, a red Jordan PMG graded BGS 9.5 sold for $41,825 through Heritage Auctions. A few other high-grade examples have sold for $15,000 and up in recent years including the one bearing Jordan’s jersey number (#23/100) but they don’t often come up for public sale.
Jordan is the key player on a 1997 PMG basketball checklist that includes 123 cards. While they didn’t immediately catch on with collectors, interest and value began to increase about a dozen years later as collectors recognized their groundbreaking nature in the modern card market and came to appreciate the design after seeing them in person.