LeBron James rookie auctioned off for $1.8 million, as per Darren Rovell of The Action Network; sets a world record.
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LeBron James’ rookie card has been auctioned off for 1.8 million dollars, setting a world record for the most expensive rookie card ever.
The card had a previous bid for $960,000 at the Goldin Auctions on 26th June.
LeBron James Rookie card sold for a record-breaking $1.8 million
The rookie card as per Darren Rovell of The Action Network has been sold off at $1.8 million setting a world record.
This LeBron James card just sold at @GoldinAuctions for $1.8 million, the record for a modern day card.
Winner is @LeoreAvidar, who says purchase is part of strategy to “bring something big to the collectibles and alternative asset business in the coming months.” pic.twitter.com/rN9lepvVpE
— Darren Rovell (@darrenrovell) July 19, 2020
Leore Avidar, the founder and CEO of Lob won the auction and is now the owner of the prestigious and world record-breaking rookie card.
Before the auction started on June 22, it was reported that the autographed LeBron James rookie card would sell for $1 million.
Goldin Auctions stated that knew this would be a record-breaking sale for their site. The minimum bid for the card was $25,000.
The winning bid has almost doubled the amount that was predicted earlier, showing the popularity of the Lakers star and how he commands so much ‘money and respect’
Details about the card-
Goldin Auction has indicated the LeBron James rookie card grades out at 9.5/10, it was in “gem mint” condition.
The card is autographed by James. It also features a patch from a Cleveland Cavaliers jersey worn by the superstar during his Rookie of the Year-winning 2003-04 season.
This card was referred to as ‘arguably the most desirable and valuable card in the world’ by Goldin Auction.
The card was released by The Upper Deck Exquisite and only 23 such exclusive cards were released. The card was originally released at $125.
The 4-time MVP recorded 20.9 points, 5.9 assists, 5.5 rebounds per game to win the Rookie of the Year award in 2003 when the card was released.
Along with LeBron’s rookie card, a pair of Michael Jordan’s game-worn and signed Air Jordan sneakers from his rookie season.
As well as a 2000 Los Angeles Lakers championship ring gifted by the late Kobe Bryant to his father. as part of the auction.
The rookie card was the highlight of the auction.
