The YouTuber Logan Paul has secured the holy grail of Pokémon cards – and that 7 times. For this, the American had to shell out a whopping 2 million dollars.
What did Logan Paul buy? The YouTuber purchased 7 displays of the Base Set of the 1st generation. These were the first Pokémon cards ever released. The displays are still sealed and have not been opened for over 20 years.
According to statements from Logan Paul, there were only 7 offers for the English version of the display currently. He bought them all and had to pay 2 million dollars for it. But why is it so expensive?
Pokémon hype drives record sums
What is so special about the Pokémon cards? There are only a few copies of these cards left in this condition worldwide. They date back to the 90s and have not been sold in markets for about 20 years.
Each time one of these displays is opened again, the remaining displays become even more valuable.
The displays are also so valuable because they are the English versions. The cards are most in demand there because there is the greatest demand for English cards worldwide.
Why did Logan Paul buy the cards? Just a few weeks ago, the YouTuber opened such a display in his livestream. At that time, 300,000 people watched and they raised $130,000 for charity. Logan Paul wants to repeat just that, which is why he bought the displays.
The first display is set to be opened in February. For this, Logan Paul is now offering auctions where individual boosters can be bid on – starting price per booster is 10,000 dollars.
What can be in the boosters? It’s pure chance. There are boosters that don’t even recoup a fraction of the 10,000 dollars. On the other hand, you can also pull really rare cards that can easily be worth over 50,000 dollars. Cards like Charizard, Blastoise, or Venusaur are in here, all of which have enormous value.
However, the cards need to be graded. In the first opening a few weeks ago, all holo cards were graded 10/10. There was even confirmation that they were pulled in Logan Paul’s opening. That should increase the price even further.
This is what makes the prices so crazy: After Logan Paul opened the first display, the hype surrounding Pokémon cards exploded. While the YouTuber paid 200,000 dollars for the display at the time, he now had to pay up to 400,000 dollars for the current ones.
In general, the prices of the cards have risen. Even German cards have become more expensive, as YouTubers and streamers here are also actively opening the cards.
In comparison, the same cards cost 500 dollars in 2007. Now these displays are worth around 400,000 dollars. A price increase that makes your head spin.
How did German streamers react to this? The streamer Trymacs, who recently opened Pokémon cards worth 40,000 euros, reacted to the video. He himself said that he would probably want to bid as well and at least wants to buy one booster. Whether that will work out, we will find out by February 27 – on that day, Logan Paul will then open the next display.
How joy over rare Pokémon cards can unfold, we show you here:
Twitch: Trymacs opens Pokémon cards in front of 260,000 fans – Can’t believe his luck
