Say what you will about Logan Paul, but he sure knows how to make money. After purchasing the world's rarest Pokemon TCG card in 2021: a PSA Grade 10 Pikachu Illustrator for $5,275,000, he revealed last year that he would be putting it up for auction.
The card, which was listed on auction site Goldin, Recently sold for $16,492,000. That's more than triple what he originally paid. It's not just the card that people are paying for, though. It will come in a custom-made case and necklace that Paul wore at WrestleMania, and the winner will hand it over as well.
Bids for Logan Paul's Pikachu Illustrator card have gone through the roof
This is what Paul had been planning for a long time after receiving the card in 2021. By wearing it at WrestleMania, possibly to increase its perceived value, Paul tried something that many people thought amounted to a scam.
At some point between buying the card and May 2024, Paul listed the card on a platform called Liquid Marketplace. The idea behind this platform is that people can buy shares or 'tokens' of high-value items like this card. However, Paul eventually revealed that he bought back the card from Liquid Marketplace more than 19 months ago.
Two of the Pokemon TCG's most notorious scalpers have been arrested in Japan after three months of fraud.
'Em criminals should be caught.
He also noted that the funds from that purchase, which should ideally be distributed to those who bought the token, have not seen any of that profit. Paul did not disclose how much he bought the card for, which is unusual for someone like him, and he claimed that the amount was distributed to the concerned party.
However, the liquid market is subsequently subject to “regulatory scrutiny”. Paul's lack of answers is especially troubling since Paul now owns Liquid Marketplace. He said he was still speaking with people at the company, but since he's a co-founder and part-owner, it's unclear who he's talking to. However, the end game is complete, with Paul netting over $16 million.
- Original release date
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October 20, 1996
- Count the players
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2
- Age recommendation
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6+
- Length per game
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variable
- Franchise Name
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Pokemon
