Michael Jordan 1986-87 Fleer rookie card sells for $150G at latest auction
The popular card continues to sell for thousands of dollars
Michael Jordan’s rookie basketball card is still a hot-ticket item months after “The Last Dance” aired.
Jordan’s 1986-87 Fleer rookie card sold for $150,000 at Robert Edwards Auctions early Monday morning. The card was graded a Gem Mint 10 by PSA and is the highest price ever paid at an auction for a Jordan rookie card of its kind.
1986-87 FLEER BASKETBALL CARDS CASE CONTAINING MICHAEL JORDAN ROOKIE SELLS FOR MORE THAN $1.7M
“This is an ultra-high-grade example of the premier modern-day basketball card. The 1986-1987 Fleer basketball issue is extremely condition-sensitive due to its blue flush-to-the-border design. The offered example is pack-fresh with four razor-sharp corners, bright colors, a flawless image, and no chipping to the extreme edges of the condition-sensitive red and blue borders,” a description of the card on the auction house’s website read.
There were 51 bids on the card and the starting bid was $25,000.
GIANNIS ANTETOKOUNMPO ROOKIE CARD SELLS FOR NEARLY $2 MILLION AT AUCTION
Michael Jordan's rookie cards are still a hot commodity. (Robert Edwards Auctions)
Similar Jordan rookie cards, even graded lower than a Gem Mint 10, go for thousands on selling websites such as eBay.
Prices for the Jordan rookie card soared earlier in the year. A similarly graded card sold for $99,630, according to Goldin Auctions. The Action Network’s Darren Rovell noted in May that the rookie card’s value has skyrocketed since March. According to Rovell, on March 21 the same card was sold for $48,600.
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Additionally, an unopened wax box of 1986-1987 Fleer basketball cards sold for $126,000 at Robert Edwards Auctions. The lucky buyer could snag a Jordan rookie card in one of the packs. Larry Bird and Charles Barkley are also featured in the set.