An extremely rare Pokemon card owned by American YouTuber Logan Paul on Monday sold for US$16.492 million smashing the record for the most expensive trading card sold at an auction.
The supposedly unique PSA 10-graded Pikachu Illustrator was originally bought by Paul in another record-breaking sale in 2021 for US$5.28 million.
This time it was purchased by A.J. Scaramucci — a venture capitalist and son of former White House communications director Anthony Scaramucci in US President Donald Trump’s first term — according to Guinness World Records, who were at the auction held by Goldin.
Photo: AFP
After the bid, he placed the card, which was attached to what Guinness said was a US$75,000 diamond necklace, around A.J. Scaramucci’s neck.
Guinness World Records certified it as the most expensive Pokemon card — as well as the priciest trading card overall — sold at an auction.
Ranging from Pikachu the mouse to Jigglypuff the balloon to the jackal-headed Lucario, there are now more than 1,000 different Pokemon characters, with new “generations” released every few years.
While they have always been swapped and collected, the cards’ value have exploded in the past few years, not just among fans of the game, but also among investors with little or no past interest.
Factors determining value include the cards’ rareness, the character — Mew, Mewtwo, Pikachu and Charizard tend to be more valuable — and the artist, who is indicated on the card.
A card given the designation “PSA 10” is a virtually perfect card, which must have four perfectly sharp corners, sharp focus and full original gloss, according to industry leader Professional Sports Authenticator (PSA).
Pikachu Illustrator is popular with collectors because it was designed by Atsuko Nishida, the original creator of Pikachu.
The card was never originally sold, but was released as a prize in a 1998 illustration contest.
The year after Paul paid — in a Dubai hotel room to a “mystery” seller — the multimillion-dollar sum for the mint-condition Pikachu Illustrator, he hung it around his neck at a WWE wrestling event in Texas.
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