A 1986-87 Michael Jordan Fleer rookie card sold for $150,000 in an online auction last Monday. It was in perfect Gem Mint 10 condition.
Ever since the release of the documentary series The Last Dance, Jordan and products related to the consensus basketball GOAT have had a resurgence in popularity.
Prices for the Jordan rookie card soared earlier in the year. A similarly graded card sold for $99,630, according to Goldin Auctions. The Action Network’s Darren Rovell noted in May that the rookie card’s value has skyrocketed since March. According to Rovell, on March 21 the same card was sold for $48,600.
Two PSA 10 Jordan rookies sold today — this one for $87,825. Record was first broken exactly two months ago. Price? $48,600. pic.twitter.com/mDNCnklTTH
— Darren Rovell (@darrenrovell) May 22, 2020
He, however, isn’t the only beneficiary of his return to the public consciousness – a LeBron James rookie card sold for $1.8 million in July. A Giannis rookie card sold for nearly $2 million.
Details of $150,000 Michael Jordan Fleer card auction
The card sold on December 7 at Robert Edwards Auctions. It had a starting bid of $25,000. The auction had 51 bids. It bore the following description:
“This is an ultra-high-grade example of the premier modern-day basketball card. The 1986-1987 Fleer basketball issue is extremely condition-sensitive due to its blue flush-to-the-border design. The offered example is pack-fresh with four razor-sharp corners, bright colors, a flawless image, and no chipping to the extreme edges of the condition-sensitive red and blue borders.”
Jordan played his first season in 1984-85, but Fleer didn’t have a general release of basketball cards until 1986-87. The only company that did make basketball cards in 1984 was Star, and the going rate for those cards is a lot higher than these Fleer cards. In the current market, they would be able to match the worth of a LeBron or a Giannis card.