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The Booming Card Market

February 2, 2021

Two Michael Jordan 1986 Fleer Rooikie CardsI was hoping to find something different to write about, but I could not resist covering the two Michael Jordan 1986 Fleer Rookie Cards that just sold; both had a PSA grading of Mint Gem 10.

Jordan’s 1986 Fleer Rookie Card has multiplied in price more than 15 times since the start of the Covid-19 pandemic. For many years the value of the card lingered between $18 – 30K. In March 2020, the escalation began when a card sold for $48K. Since then, the record has been broken seven times.

I would venture to say that the Michael Jordan documentary The Last Dance, which aired last April, set fuel to the fire. Shortly after, another copy sold for $51K followed by at least five additional cards.

This past January, a new record was set for the card when one brought $217K. Now, less than a month later, two prime examples were auctioned and set a new record when they each sold for $738K! And they were not even the top lots in the sale…these were:

A 1952 Topps Mickey Mantle Rookie Card took the top spot selling for $1.6M. A 2012-13 National Treasures Anthony Davis signed Patch Rookie card came in second, selling for $1.04M. Then there was a 2009-10 Panini National Treasures “Century Platinum” Stephen Curry signed Patch Rookie Card that made $984K. Taking fourth was a Patrick Mahomes Panini National Treasures signed Patch Rookie card; it made $861k! The Michael Jordan cards tied for 7th place in the sale.

Overall the sale took in $33M!

The collectible card market is booming…which is great for everyone jumping into the game.