$4.6Mil logoman Luka Doncic

[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.

[A2000]

Originally Posted by 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.

I predict it'll happen in a few days

https://twitter.com/GoldinAuctions/s...55100573229056

[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.

[packs]

How do you guys figure money laundering over a card would work? Unless you're saying the seller was laundering money as well? In order to launder money both parties need to be in the know.

[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.