Logan Paul to auction pristine $5.3M Pokmon card as he urges investing in collectibles over stock market
Provocateur Logan Paul, who rose to fame through divisive appearances on YouTube and in the WWE, announced his plans to auction off a pristine Pokémon card he originally bought for $5.3 million in 2022 — as he touted investing in collectibles over the stock market.Paul, 30, appeared in a segment on Fox Business’ “The Big Money Show” on Tuesday afternoon and touted the rising relevance of nontraditional investments beyond the stock market — including smart purchases in franchises like Pokémon.In 2022, Paul purchased a PSA 10 Illustrator Pikachu card, which was sold as a Japanese promotion in 1997.It is the only known card of its kind with a bulletproof grading — but even the imperfect ones sell for upward of $80,000, according to Price Charting.A PSA 10 means that the card is flawless both in its condition and production.
Card graders look at each minute detail all the way down to how the logo is centered.Older cards, like Paul’s 28-year-old promotion, often see little nicks appear over time, like whitening in the corners.
He announced that he’s selling the card to the highest bidder at an auction in February.Paul flaunted his multi-million dollar investment on the show.He wore the card in a diamond-encrusted case around his neck, which he said cost $75,000 alone.
“It’s the rarest and most valuable Pokémon card in the world.Pokémon as an asset class has outperformed the stock market by upwards of 3,000% in the last 20 years,” Paul said.Paul admitted that much of his investments in the trading card game stem from the exorbitant wealth he accumulated through his YouTube virality in his early twenties.“As a kid who grew up playing the game, I was like, ‘Oh wow, there’s a trading card game here, and I can spend my entire net worth on it’.
And I did that with this card,” he said.Paul’s current net worth is estimated at around $150 million.His purchase actually set a new Guinness World Record for the most expensive Pokémon card ev...