Lebron/Jordan Logoman sells for 900K

erikthredd · February 13, 2020 8:07AM

https://www.tmz.com/2020/02/13/lebron-james-michael-jordan-basketball-card-record-sale-price/?fbclid=IwAR2ks8M-9kdlI_wABteKD9-iWlJ6yEWpTC-xz47yZKCoGN7XG4TqWw_1AMY

I'm surprised that it's not even autographed.

doubledragon · February 13, 2020 8:14AM

The fact that it's Lebron and Jordan together, and it's a 1/1 probably had a lot to do with it. It is surprising that it went that high though. It's also Lebron's rookie year.

DBesse27 · February 13, 2020 9:24AM

I hate to be that curmudgeon that bashes the modern market, but this is absolute insanity to me.

lahmejoon · February 13, 2020 9:32AM

@DBesse27 said:
I hate to be that curmudgeon that bashes the modern market, but this is absolute insanity to me.

I agree - these patches do nothing for me.

DBesse27 · February 13, 2020 9:43AM

@lahmejoon said:

@DBesse27 said:
I hate to be that curmudgeon that bashes the modern market, but this is absolute insanity to me.

I agree - these patches do nothing for me.

Especially when they’re not game used. If this is Lebron’s rookie year, then the logo was never worn in an NBA game.

With that said, even as game used I wouldn’t be able to fathom the price.

doubledragon · February 13, 2020 9:48AM

To be honest, I don't think it is an appealing card at all. The patches do nothing for me, and you can barely see Lebron and Jordan.

PROMETHIUS88 · February 13, 2020 10:15AM

You can throw "1 of 1" on a turd and someone is going to pay you good money for it!

doubledragon · February 13, 2020 11:07AM

@PROMETHIUS88 said:
You can throw "1 of 1" on a turd and someone is going to pay you good money for it!

😂😂

erikthredd · February 13, 2020 11:13AM

Looks like the buyer for this card is the same buyer of the PSA Authentic Altered PMG Green MJ that sold for 350K last year.

Dpeck100 · February 13, 2020 12:22PM

I think he will be just fine. This guy is swimming in money.

https://www.forbes.com/sites/matthewherper/2018/11/14/at-24-two-entrepreneurs-took-on-cancer-at-32-theyre-worth-hundreds-of-millions/#23b6275fd689

frankhardy · February 14, 2020 4:58AM

@PROMETHIUS88 said:
You can throw "1 of 1" on a turd and someone is going to pay you good money for it!

It would have to be LeBron's or MJ's turd... Not just any turd.... Duh!

doubledragon · February 14, 2020 10:34PM

Gentlemen, please. I'm trying to eat a sausage biscuit.

maddux69 · February 14, 2020 11:15PM

Swimming in money or not, that card is not a drop in the bucket for him. I am sure his money is working for him, but making 250 mil from the sale of flatiron and then shelling out almost 1 mil for a card is no small purchase. If he keeps making purchases of that magnitude it could really eat into his bank account. I would much rather spend that money on a card that would have a better chance at appreciation. That logoman is not a waterfront card per se.

JKT · February 15, 2020 3:22AM

Few thoughts:

*The LeBron is apparently game used. Most of his Panini patches that year were "player worn" but the material from Exquisite is in fact game used (or so I have read).

*This is from LeBron's rookie year.

*Obviously combines the two most collected players in the modern market.

*Just as the modern basketball card market is beyond blazing hot, the market for Logoman's is basically never before seen levels of insane right now across the board in basketball. Like, beyond on fire. Check out recent prices for guy's who've never even been to the playoffs or made an All-Star team and you will see what I mean. Basically, you can take a nice European vacation right now for the price of Malcom Brogdon's rookie logoman.

*The buyer is by all accounts a true collector and not a Vegas Dave type who seeks to make major purchases, hype them up, and flip them. To each their own, but it makes me happy to see purchases like this being made. Certainly indicates how healthy the hobby is right now when someone like him is stepping up to pay that type of coin.

*Hard to image anybody will see a non auto'd BGS 8.5 anything from the 2000's go for close to a million again any time soon

nam812 · February 15, 2020 5:36AM

@maddux69 said:
Swimming in money or not, that card is not a drop in the bucket for him. I am sure his money is working for him, but making 250 mil from the sale of flatiron and then shelling out almost 1 mil for a card is no small purchase. If he keeps making purchases of that magnitude it could really eat into his bank account. I would much rather spend that money on a card that would have a better chance at appreciation. That logoman is not a waterfront card per se.

Jason, taking item sexiness and potential value out of the equation, and breaking that down to "common people" type finances like my own, if I went out with $250 in my pocket I would not hesitate to spend $1 on something I wanted.

DotStore · February 15, 2020 6:13AM

It's all "relative" to your situation and resources -- and Its a different ballgame for those collectors with huge bank rolls. The card looks cool to me -- Congrats to both the Buyer and Seller...

doubledragon · February 15, 2020 7:12AM

It must be nice to have that much money. He can buy all the clothes he needs. Being on a budget, I usually wear the same potato sack with rope belt everyday.

For little doubledragon jr , I'll just make him an outfit from tin foil, and give him a little sponge hat.

Dpeck100 · February 15, 2020 7:21AM

This guy is a serial entrepreneur and clearly a prodigy and not just some random lottery winner. Guys like this aren't done making money. Many would just pack it in but not someone like this. That said if he did just pack it in. If you have 250 million liquid you can buy 5% high yield tax free bonds and clip a cool $12,500,000 tax free which is a tax equivalent yield of $18,656,000 per year. He will be just fine spending this much on a card.

In terms of the card clearly basketball collectors have deemed this one of the best cards that exist and its selling price was the highest on record so far. How that doesn't meet the definition of a waterfront card is beyond me.

This guys collection is world class and if he is willing to shell out this much for the card more power to him.

It has been discussed numerous times but for collectibles what drives values are bragging rights and if it took a guy like this 15 years to find the card it took other people that long too and only one can emerge as the person who owns the card and that is clearly worth something.

I think there has to be a lot of envy when I read the comments on the cards he has purchased. Everyone whether they want to admit it or not would love to be the ultimate savage where you simply can't lose the card in question. Most of us have to think about purchases as the price goes up and have a breaking point. This dude doesn't. Sounds F'N awesome.

maddux69 · February 15, 2020 2:31PM

There is no envy on my part, more power to him! I like that he is so active in the hobby as it brings a great deal of excitement. In 2016 a logoman Lebron Auto card 1/1 sold for 312k and I can see the demand/bragging rights to that card more so than a non-auto dual logoman. Even a Lebron/Jordan dual auto card would make more sense to me, though many don't have that 1/1 designation.

mrmopar · February 15, 2020 9:23PM

I'm sure collectors of the early days, before prices really took off, would marvel at some of the prices being realized now. I wonder if any buyers in the 60s/70s thought that they were risking the 4 figure price tag on the Wagner T-206, that it might just out price anyone coming alone in the future. Maybe they just didn't care and needed that card. Hard to imagine anyone could have predicted where this and other scarce cards would end up price-wise. $1500 at that time (I recall an ad mentioning that price for the Wagner) is probably not like $1M is today though.

Still, as prices go higher for certain gems, it is hard to think that someone will be willing to pay as much or more for them in the future, but I am probably wrong as the Wagner example illustrates. At some point, perhaps someone is stuck holding the bag for cards that were once so expensive, but in the future are no longer desired.

Dpeck100 · March 23, 2020 3:39AM

I don't know if Nat Turner reads this board but watching CNBC Sqauwk Box right now and Ken Langone just said he is in contact with him daily and he is doing wonderful things to try and help with this awful situation.

Thanks for what you are doing.

DBesse27 · March 23, 2020 5:16AM

Thanks Nat, we need more people like you stepping up and fewer people with their heads in the sand. Major kudos.

Not envy on my part. More a difference in taste. If I had 900K to blow on a card, that would be one of the last cards I would buy. Personally I would spend it on a Babe Ruth or something else in high end vintage. Again though, that’s just personal taste.

ElvisP · March 26, 2020 11:31AM

I don’t keep up with modern but aren’t the chances good the exact same card exists but numbered differently?

coinspacks · November 30, 2020 6:38AM

@Dpeck100 said:
I don't know if Nat Turner reads this board but watching CNBC Sqauwk Box right now and Ken Langone just said he is in contact with him daily and he is doing wonderful things to try and help with this awful situation.

Thanks for what you are doing.

I read Nat just bought collectors universe

Dpeck100 · November 30, 2020 6:43AM

@coinspacks said:

@Dpeck100 said:
I don't know if Nat Turner reads this board but watching CNBC Sqauwk Box right now and Ken Langone just said he is in contact with him daily and he is doing wonderful things to try and help with this awful situation.

Thanks for what you are doing.

I read Nat just bought collectors universe

WOW

https://finance.yahoo.com/news/collectors-universe-acquired-investor-group-142400274.html

Lebron/Jordan Logoman sells for 900K

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