URGENT UPDATE: A signed sports collectible card featuring legends Michael Jordan and Kobe Bryant has just sold for a staggering $12.932 million, breaking the record for the most ever paid for a sports card. The historic sale occurred on October 7, 2023, during an auction held by Heritage Auctions, surpassing the previous record of $12.6 million set by a 1952 Topps Mickey Mantle card in August 2022.
This one-of-a-kind card, from the 2007-08 Upper Deck Exquisite Collection, is the only version featuring autographs from both Jordan and Bryant, making it a “holy grail” for collectors. The identity of the buyer has not been disclosed, but the card’s exceptional rarity is expected to drive significant interest and investment.
The card’s previous owner had kept it for over a decade, rejecting multiple “high seven-figure” offers in favor of an open auction, believing it would exceed $5 million. Chris Ivy, director of sports auctions at Heritage, stated, “The pre-auction estimate was $6 million-plus, so sometimes if a piece is unique like this, it’s really beneficial to let it have its day.”
Despite receiving a relatively low grade of 6 from Professional Sports Authenticator (PSA), the card’s unique status as a 1-of-1 dramatically enhances its value. Ivy explained, “Grades matter as far as pricing goes for standard-issue cards, but this is a 1-of-1, so the grade is less important overall.”
This sale marks a significant moment in the world of sports memorabilia, especially as it coincides with the anniversary of Kobe Bryant’s 47th birthday. The emotional weight of the transaction resonates with fans and collectors, further elevating its importance.
In a month filled with high-profile Kobe Bryant card transactions, collector Matt Allen, known as Shyne, recently spent $4 million on two Bryant 1-of-1 signed Panini Flawless Logoman cards, underscoring the growing demand for high-value sports collectibles.
The ongoing Brett Lemieux fraudulent memorabilia scandal has heightened the desirability of authenticated items like this Jordan-Bryant card. Ivy emphasized the importance of verified provenance, stating, “It’s guaranteed by Upper Deck, which has Jordan under contract, and Kobe was with them until 2009.”
As the market for sports collectibles continues to surge, this record-breaking sale sets a new standard and illustrates the passion surrounding basketball memorabilia. Collectors are now more eager than ever to secure items with proven authenticity, especially in light of recent controversies.
What’s next for the sports card market? With prices reaching new heights, collectors and enthusiasts will be closely monitoring upcoming auctions and sales. The trend of high-value transactions is likely to continue, as the allure of owning a piece of sports history captivates fans worldwide.
Stay tuned for further updates on this developing story and the ever-evolving world of sports collectibles.
