$4.6Mil logoman Luka Doncic

[rats60]

Private sale between "new business partners and friends."

[abothebear]

I don’t supposed there would be a point in getting a 1/1 graded. Unless there was a question of authenticity.

[rats60]

Originally Posted by abothebear

I don’t supposed there would be a point in getting a 1/1 graded. Unless there was a question of authenticity.

A lot of people think the card was signed by his mom.

[abothebear]

Could it be an ill-fated attempt at creating a run? Suppose you were a Doncic collector and had several of his most valuable RCs. The market explodes and Jordan’s are going for mega-bucks. You think to yourself, “self, what if Doncic went to the moon?” And you thought that maybe you could make this happen by orchestrating an event with a 1/1 Doncic you happened to have. Stage a record sale of lunar proportions and watch your other Doncic boats rise with the tide.

[maj78]

Live near Dallas, love Luka. The price that card sold for had one, maybe two too many zeros at the end.

[chriskim]

Originally Posted by abothebear

Could it be an ill-fated attempt at creating a run? Suppose you were a Doncic collector and had several of his most valuable RCs. The market explodes and Jordan’s are going for mega-bucks. You think to yourself, “self, what if Doncic went to the moon?” And you thought that maybe you could make this happen by orchestrating an event with a 1/1 Doncic you happened to have. Stage a record sale of lunar proportions and watch your other Doncic boats rise with the tide.

It could be the case here!

[swarmee]

You guys probably didn't see the thread about basketball player Giannis A. showing off his collection of his own cards. Although many were cards Panini sent him to sign and put in packs, he never returned them. So he basically stole those 1/1 cards from Panini. Nice job, multi-millionaire.

But yes, a lot of this sounds fishy. But just like the guy who bought the PSA 9 Mantle for double it sold for last year and was "thrilled" to get it, they're basically spending the same amount as a Super Bowl commercial to get the press and articles explaining who they are. I think the card itself is secondary.

[Republicaninmass]

Hidden reserve was 4,499,999.99?


Top of the market, mark this post...

[Peter_Spaeth]

Originally Posted by rats60

Private sale between "new business partners and friends."

Staged social media event maybe.

[Tyruscobb]

How much potential upside is left at $4.6M? The purchaser is essentially gambling that a 22-year-old, third-year player, will ultimately have the GOAT crown when his career is over.

This will require winning multiple MVPs, championships, and scoring titles - all while avoiding injuries and off-the-court issues. This risk v. reward analysis is simply not there. Risk is way too high.

A nice-looking authentic Wagner just sold for $2.5M? So, in theory, the purchaser could almost buy two of the most iconic sports card of all-time for $400k more than he paid for an ungraded third-year NBA player.

To each his own. WoW!

[Exhibitman]

Maybe there was more to the deal. Cocaine, Diamonds, Ransom, Blackmail...who knows. If you think about it, buying a ridiculously overpriced card is a good way to launder money. Like a NYC condo but easier to pack up and take home with you.

[brob28]

Originally Posted by Exhibitman

Maybe there was more to the deal. Cocaine, Diamonds, Ransom, Blackmail...who knows. If you think about it, buying a ridiculously overpriced card is a good way to launder money. Like a NYC condo but easier to pack up and take home with you.

I've thought money laundering many times, it's the only thing that really makes sense to me when I see these prices for cards like this, or someone who has made millions on Bitcoin and to them the money isn't real.

[Nunzio11]

Maybe the buyer was Monty Brewster of the Hackensack Bulls?

[Rookiemonster]

Only a matter of time until we see a Patrick Mahomes hits a million. And I don’t own a basic card of him.

[BobbyStrawberry]

Originally Posted by Nunzio11

Maybe the buyer was Monty Brewster of the Hackensack Bulls?

I think this would qualify as an asset, though...

[Seven]

Originally Posted by brob28

I've thought money laundering many times, it's the only thing that really makes sense to me when I see these prices for cards like this, or someone who has made millions on Bitcoin and to them the money isn't real.

I mean we see it in Fine art, I never thought cardboard would be used for it but at the current rate of this market, it wouldn't surprise me.

It really just blows my mind, it has to be Money laundering, it's the only reasonable conclusion. 4.6 Million for a signed card from a third year player? I know Doncic is good, but 4.6 Million? It's unreal. He could blow out his knee tomorrow and never play again.

At least with the Wagner's, Cobbs, Mantle's and Ruth's of the world, you don't run that risk.

[glchen]

Originally Posted by Seven

I mean we see it in Fine art, I never thought cardboard would be used for it but at the current rate of this market, it wouldn't surprise me.

It really just blows my mind, it has to be Money laundering, it's the only reasonable conclusion. 4.6 Million for a signed card from a third year player? I know Doncic is good, but 4.6 Million? It's unreal. He could blow out his knee tomorrow and never play again.

At least with the Wagner's, Cobbs, Mantle's and Ruth's of the world, you don't run that risk.

I had been thinking of the money laundering angle considerably since it's well known that over $40 BILLION in previous covid relief packages has been lost due to fraud (Link). These criminals have to try to "clean" this money somehow, so why not cards? However, saying that, a lot of the folks who are buying these record prices in cards are making themselves known, so if you are a criminal, you wouldn't want to publicize that you just spent millions on a baseball card and have it in the news.

On another note, I remember when we were in the throes on (Jeremy) Linsanity a few years ago, and people were buying his rookie cards for absurd prices like $75,000 (Link. However, those prices are peanuts compared to what prices are going for now.

[dio]

Originally Posted by Tyruscobb

How much potential upside is left at $4.6M? The purchaser is essentially gambling that a 22-year-old, third-year player, will ultimately have the GOAT crown when his career is over.

This will require winning multiple MVPs, championships, and scoring titles - all while avoiding injuries and off-the-court issues. This risk v. reward analysis is simply not there. Risk is way too high.

A nice-looking authentic Wagner just sold for $2.5M? So, in theory, the purchaser could almost buy two of the most iconic sports card of all-time for $400k more than he paid for an ungraded third-year NBA player.

To each his own. WoW!

Since this is now public, the seller would have to pay tax on it . IRS is all over this. If they fake the sale, still have to pay tax, IRS won't believe what they say

[Tao_Moko]

No way. Might have been believable were it not for the check.

[chriskim]

I guess we will see LeBron Logoman RC 1/1 has a $6M price tag next wk.

[ejharrington]

I never heard of the guy.