LeBron James rookie card: Lakers superstar’s rookie card sets new world record with $960,000 bid; could cross $1 million mark

LeBron James rookie card has a current bid of $960,000 according to Action Network’s Darren Rovell. And has set a record for a modern-day card.

The current bid for the rookie card is $960,000, which is already a new record for a modern-day card. The previous record was held by the Mike Trout card, which was sold for $922,500.

JUST IN: We have a new record for a modern day card. This LeBron card is currently at $960,000, including buyer’s premium, in @GoldinAuctions sale.

There are 23 days left.

Previous record was Mike Trout card, which sold in @GoldinAuctions sale last month for $922,500. pic.twitter.com/5gOzn0h46r

— Darren Rovell (@darrenrovell) June 26, 2020

Why is the LeBron James rookie card so special?

Goldin Auction has indicated the LeBron James rookie card grades out at 9.5/10, which designates it as in “gem mint” condition.
Not only is the card signed by James, but it also features a patch from a Cleveland Cavaliers jersey worn by the superstar during his Rookie of the Year-winning 2003-04 season.

Goldin Auctions site also refers to the card as ‘arguably the most desirable and valuable card in the world’. The card was originally retailed in a pack for $125.

The card was released by The Upper Deck Exquisite after the three-time NBA champion was drafted by the Cleveland Cavaliers when he was 18. Only 23 such cards were produced.

Also Read: LeBron James $100 million investment 

How much can LeBron James’ rookie card be sold for?

The current bid of the on the rookie card is $960,000.

Before the auction started on June 22, TMZ 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.
And with 23 days more left in the auction, it is predicted that card can easily cross a bid of $ 1 Million.

Twenty-one bids have been submitted since the card went up for auction on June 22. The auction closes on July 18, so there’s no doubt the bidding process will get much more competitive and involve an obscene amount of money. Sports memorabilia are usually sold at higher prices.