UPDATE: In a stunning auction that just closed, Logan Paul’s rare Pikachu Illustrator card has sold for a staggering $16.5 million! The auction, held by Goldin Auctions, concluded early Monday at 1:14 AM ET, marking a new record in the collectibles market.
The buyer, AJ Scaramucci, founder of Solari Capital and son of former White House communications director Anthony Scaramucci, celebrated his winning bid on Logan Paul’s livestream shortly after the auction ended. “The real story is that I’m on a planetary treasure hunt,” Scaramucci declared, revealing plans to acquire extraordinary items, including a T. rex dinosaur fossil and the Declaration of Independence.
This particular Pikachu card is one of only 41 ever distributed and holds the highest grade from the collectibles authority PSA, cementing its status as a “Holy Grail” within the collectibles industry. Paul originally purchased the card in July 2021 for $5.275 million, netting him a remarkable profit.
During the livestream, Paul showcased his enthusiasm by opening packs of Pokémon cards and announcing his new collectibles business, RipIt. The excitement surrounding Pokémon cards has surged, especially among Gen Z, with rare cards fetching tens of thousands of dollars and even becoming alternatives to traditional investments.
In a heartfelt farewell to the card on Instagram, Paul wrote, “Goodbye my friend 😢 What a privilege it’s been to be the owner of the greatest collectible in the world.” This sale not only reflects the booming market for collectibles but also highlights Paul’s unique role in bridging entertainment and the collectibles arena.
The auction’s closing price has sent shockwaves through the industry, prompting discussions about the future of collectibles and investment trends. With such high stakes now in play, all eyes are on how this market will evolve and what the next big auction may bring.
Stay tuned for further updates on this developing story and its impact on the collectibles landscape!
