We know Pokémon cards are going up in value, but this might be a whole new level of insanity.
According to TMZ, the now-former rapper Logic recently purchased a first edition Charizard (PSA 10) - dating back to 1999, for a whopping $226,000 (about £173,200) during a live auction.
Cardhops confirmed the total transaction value exceeded $220k and also noted how it was the highest known sale of the card.
In addition to this, Logic bought an original base set box for a cool $23,000. Here's some insight into his recent purchases (via Instagram):
"When I was a kid I absolutely loved Pokémon but couldn’t afford the cards. I remember even trying to trade food stamps for theirs and now as an adult who has saved every penny he has made being able to enjoy something that I’ve loved since childhood now as a grown man is like buying back a piece of something I could never have, it’s not about the material it’s about the experience."
Anyone here got a first edition Pokémon card? How about a Charizard holo...tell us down below.
[source tmz.com, via complex.com]
Like everything with Logic, he comes across a nice dude but makes terrible music.
That's awesome! Im happy for him!
Seen how excited he was when he pulled it lmao. If you anyone here hasn’t heard of em before he primarily makes Rap/Hip-hop. He samples video games pretty often as well so if you’re into rap definitely someone you should check out
Putting that rapper to good use lol
Maybe I ought to sell my old charizard holo if I can find it
Logic, the biracial Pokemon
I have this card too 😳
Never heard of him (but he sounds young if Pokemon was around when he was a kid, well compared to me that is 😄) but he may soon need to come out of retirement if he keeps spending money like that! 😆
@Nintendzoey I think he’s like 30, which reinforces just how old Pokemon is now 😂😂
@nessisonett Yes, I feel old as dirt now.. 😅
I mean, to be fair, if I was filthy rich I'd probably do stuff like that too.
Sounds like the rapper's logic retired before the purchase.
I have a 1st edition holographic Machamp! Wow!
(Everyone had a 1st edition holographic Machamp.)
Oddly enough, a financial decision that defies logic.
@Dr_Corndog Dude your investment has paid off. You can sell it for $13, if it's mint!
I mean you could just buy a reprint that isn't graded and still get the card. Doesn't have to be a PSA 10 1st ed to "have the experience"
Still hope to one day figure out what to do with my complete first edition sets through Gym 1 (inc Base), as well as my first-place first-official-tournament medal. ... Wouldn't mind a big chunk of money like these people are doing. I'd say I should do it in 5-10 years when all the young original Pokemon players start to get their top tier moneys.
As a massive pokémon fan.... that's disgusting. Nobody should spend that much money on a card. I get that it means the world to him, but that's such a horribly irresponsible way to use money. Also, as someone else said, he could've just gotten an ungraded one from eBay for much, much, much, much, much less.
Why would anyone spend that much money on a Pokemon card of all things?
@Luminous117 because. It shows how far you are willing to go to be cool
Good for him. Dudes a huge nerd, so I'm not surprised he did this. Hope he enjoys the heck out of em.
@nessisonett Hey cmon, Under Pressure was atleast good, i won't act like the rest is, but we have to give the boi some credit.
His money his choice. Goes to show how out of touch with reality the rich are. Even stranger if he grew up on food stamps. That kind of wealth changes people.
Not sure why he retired, he is only 30 and still yet to drop any song that blows people away or becomes classic. I guess he just wanted the money, not huge hits people would remember him by.
I just always saw him as a big nerd who liked to talk about being positive and could rap super fast but he was way better on other people's tracks than his own.
Yes it's all relative, with his money it's like one of us spending $5 on a card, more money than sense, but it's his.
its his money and he can do whatever he wants with it dont understand why there are a bunch of financial advisors talking about his money and irresponsible spending habbits.
I still have mine, stashed all my pokemon cards in my dads attic when I was like 14, 16 years later I remembered where I put them and had my dad send them to me. Dont think I'll ever have the heart to sell it.
I had no idea Logic retired. That’s more surprising to me than this purchase.
@Heavyarms55 @Luminous117 @Cool_Squirtle I don't really get this perspective. He's rich, so if he wants to spend $226K on a card and you want to spend $1000 on a phone, whose wasting money? Sometimes I hear "He could use that money to help people", but it's not like he burned the money or used it to skeet shoot orphans. He spent it on a tiny piece of paper, paid taxes when he received it, paid taxes when he spent it, and so will the person that has it now. Spending $226K on a Pokemon card is one of the most harmless ways a rich guy can put his money back into the economy.
@nimnio The fact that you're comparing a piece of artificially rare paper to a state of the art piece of technology, the former of which is 226 times the price is... interesting. Modern smartphones are far more practical and needed in today's society than a Pokemon card will ever be.
The fact is, this guy spent nearly 7 times the median annual wage in the US on a Pokemon card.
The fact that people have that much wealth to waste is... astounding. If I am being polite.
@Heavyarms55 The exact price isn't the point. The point is that if he's a multi-millionaire, him buying an expensive pokemon card hurts about as much as us buying an overpriced smartphone.
My next point was this isn't a "waste". He didn't burn the money or go on an endangered animal safari. He spent it on a piece of paper. The seller is probably going to pay something like $50,000 in taxes which goes right into services (roads, hospitals, pensions) for the rest of us. The other $150,000 the seller can spend on local businesses, his kids' education, and feeding orphans.
Now, if you're getting philosophical on me and thinking that billionaires shouldn't even exist, well, we'd agree on that point. In the meantime this was basically the most harmless he could have done with the money.
I wonder how long it’ll take him for the penny to drop and realise what a waste of money that single card is.
I have the most tragic story about an original Charizard card. Granted, it wasn't a 1st edition card, it was a holographic original version. This was when the game was brand new, and even then we recognized the rarity of the Charizard card, but they were still obtainable out in current booster packs too. We were probably in 5th grade, and at lunch recess everyone would gather around a picnic table and trade and battle Pokemon cards. My buddy had some decent cards, but didn't have a Charizard, another kid did have a Charizard. My buddy managed to convince the other kid to trade his Charizard for a few of my buddy's cards. They were alright cards, but my buddy was definitely coming out on top. But he was also a stupid kid, and the card wen immediately into his pocket. From there, he went home, forgot about the card, took off his pants, and his mom did the laundry that night, without realizing anything was in his pants. The card was ruined in the wash. He felt so stupid about it, but what's worse is the original owner immediately wanted to trade back the next day and my buddy had to tell him the sad reality that he couldn't and showed him the destroyed card.
@nimnio Harmless. Sure, I'll give you that. But that doesn't make it okay in my book.
It's not a matter of how much it will hurt him compared to us. A smartphone is something that a lot of people need for their jobs these days. Have you tried getting work the old fashioned way in the last decade? Good luck with that. Most places wont even take a paper application. Even before COVID. So in my opinion, a smartphone is something needed to function in modern society, like it or not.
Let's not even get into how many things the rich can and do do, to get out of paying their fair share of taxes.
It's his money and his choice to use it how he sees fit. That's the world we live it. But I have a right to my own opinion too, and I believe the super wealthy burning money on things like this is pure waste. Again, to put it into perspective, 226K dollars is nearly 7 times the median income in the US right now. The same as 7 years worth of labor.
I don't believe anyone should have that kind of wealth, when literally millions of people are unemployed right now.
@nimnio I highly doubt any of this money is going to orphans, that was a very optimistic assumption.
@nimnio You do realize that I was only curious as to why he'd spend that money on a Pokemon card? It's not like I was complaining about him doing it and if that's what he wants to spend money on then more power to him.
@DJ_Cheemstar I guess
"When I was a kid I absolutely loved Pokémon but couldn’t afford the cards. I remember even trying to trade food stamps".... But he doesn't give money to charity or anything, This is just a story about somebody that only cares about himself and nobody else.
@ghostrider135 Someone sounds bitter.
@Heavyarms55 That's incredibly selfish and it sounds like jealousy. A lot of people actually work hard to get that wealth, not everyone is born into it. Usually most music artists and actors work from the bottom up. Logic is 100% entitled to spend how he wants. This "I'm broke and poor and don't want to do anything about it so everyone give me your money" drives me bat ***** insane. My wife and I are nurses and we make $120k a year combined. We busted our asses in school for that and we're not entitled to buy what we want? I easily dropped $250 on a single retro game because I could, but because you either can't afford it or are jealous I'm not allowed? Yeah, I hate the rich too, but it's still THEIR money.
Also, yes, smartphones are pretty much a necessity these days, but what the dude was trying to tell you is we don't all need $1,500 iPhones for this function. A low budget Android phone for $100 or so can get the job done these days.
@ivory_soul Usually most music artists and actors work from the bottom up. Logic is 100% entitled to spend how he wants.
So well said this is the part alot forgets. They started as starving artists and were looked down upon by everyone.
@ivory_soul Yeah, I hate the rich too, but it's still THEIR money.
This is only true if you made your wealth busting your beehind. Not those born into it or Cheated making other taxpayers pay for your TaxBreak Cheats only then do I myself say do what you want with your money. That also involves removing all Tax Breaks created by their lobbyists to help them as well. If the rest of us can't have that then you shouldn't either.
@ivory_soul You're seriously comparing buying a 250 dollar game to spending 7 years worth of wages on a Pokemon card? And you're calling me the selfish one? We're done here. There's no getting through to someone like you.
@Heavyarms55 You're the one who doesn't get it. It's that person's money through their work, not yours. You're clearly jealous and can't stand someone spending money the way they want. Live and let live. I could care less what someone else does with their money as long as it doesn't directly effect me. So many people worry about others and never themselves.
@SwitchForce Yeah, even people like Bill Gates started out from the bottom. Some people just get lucky, but we need to stop allowing billionaires to pay $750 in taxes like our dear President by finding tax loopholes they lobbied for. Some people like @Heavyarms55 can't stand the fact that some people get lucky and can spend their money how they want. Probably a try hard or under achiever who never amounted to anything in life. Why do people get so mad when someone spends their own money on things dumb or not?
I bought a couple base set boxes back in the day but never got a Charizard.
You’d be horrified if you knew where most of the money given to charity actually went.
Tap here to load 46 comments
Leave A Comment
Hold on there, you need to login to post a comment...