We don't know how this keeps happening with Pokémon cards. Records were already set pretty high back in January when a rare Blastoise card and first edition Trading Card Game box sold for $360k and $408k respectively. It's only been a few weeks since that happened and once again, another record has been broken.
Containing a full 1st edition of the first Pokémon cards from 1999, this sale took place via Goldin Auctions, reaching a phenomenal $666k. Adding to the perceived value, each card was also graded at "Gem Mint" condition, the highest-grading level possible for Pokémon Trading Cards – and therefore commanded an even higher price.
It included a first edition Charizard card, too, and those alone have gone for extraordinary prices. You may recall one of these sold for $226k back in October, bought by retired rapper Logic. At this rate, it seems inevitable sales will eventually exceed $1 million.
Do you expect this new record will be broken again soon? Share your thoughts in the comments.
[source gonintendo.com]
Comments 13
I guess if you've got the money, you're allowed to piss it up the wall however you like.
@mr_benn By 'piss it up the wall' do you mean 'buy something that will quite likely sell for a lot more in the not-too-distant future'?
@gcunit And thus, repeating the cycle of wall-pissing.
It's tulips all over again. Wait until people move on to the next big thing and prices will come crashing down.
@Yas Not before they start selling single cards for 10 million.
I might sell my Groudon card on eBay. Might get a couple of bucks for it, because I bought it like a week ago.
I guess they’re only worth what people are willing to pay. I wonder if I should sell my collection.
I'm an avid Pokemon card collector, I have been for years. But I'm not selling them, not now at least. Who knows? Maybe I might not even need a job in the future.
@mr_benn Just wondering, do you feel the same about classic cars? Or maybe classic comic books or classic toys or any other collectibles? Or are you just dumping on this because it's Pokemon?
Wonder what my first edition Machamp is worth nowadays? Lol
@heavyarms55 a fair question. I would feel the same about classic ANYTHING if people had paid this sort of markup for it. I totally get why people want these things, but it just seems a little crude to dump SO much money on something like this - it feels a little bit 'just because I can'.
As I said - it's totally their choice what they do with it, they don't - and shouldn't - care what I think.
There is a very limited number of very wealthy people who happen to want Pokémon cards, so this isn't sustainable or scaleable ... Assuming that these transactions are driven by any financial / behavioural logic whatsoever.
Fun to watch though.
@mr_benn Well, if you're consistent about it I can't really complain. Personally I think this kind of thing, at this price point, is a financial investment more than anything else. But I do agree when people spend this kind of money on a "hobby" it does kinda turn my stomach.
I am just so used to seeing people relentlessly bash Pokemon on this site that I have unfortunately come to expect it being more irrational hatred of Pokemon than anything else.
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