$500 for an unopened pack of cards? Wow.
Here's one article:
$500 packs of cards may yield big return
The NBA collectibles could be worth as much as $15,000.
By Don Steinberg
Inquirer Staff Writer
Flipping sports cards has a new meaning, as merchants and collectors brace for the arrival today of the most expensive packs of cards ever.
Upper Deck's NBA Exquisite Collection cards will retail for $500 per pack of five cards. There's no decimal point there: It's five hundred dollars. Many buyers will be hoping to score one of the ultra-rare LeBron James cards the set contains and flip it - that is, sell it to other collectors for even more.
"It's like buying a lottery ticket," said George Nahm, owner of George's Cards, Coins & Collectibles in Levittown. "With five cards for $500, it's not like you're trying to collect the whole set. You're looking for the big card because you're going to sell it. It's like legalized gambling."
Nahm said he sold a $125 pack from Upper Deck's previous high-end set, NBA Ultimate Collection, to an employee who got an autographed LeBron James rookie card. The employee immediately auctioned it on eBay for $1,675. Yesterday, Nahm was awaiting the arrival of two of the $500 Exquisite Collection packs for a customer who asked him to order them.
"We're finding that because of the price point, a lot of stores will pre-sell them, so they don't have a lot of liability," said Mike Phillips, Upper Deck's director of East Coast sales.
The set includes a James rookie card featuring an autographed patch of fabric from a game-used jersey. Only 99 were produced. The set also includes other rookies as well as Kobe Bryant and Michael Jordan autographs. Nahm said the most valuable card might be one of which only a single copy has been produced, featuring James, Jordan and cloth from an NBA logo.
"Something like that, you're talking maybe $10,000 to $15,000. It's sick money," he said.
Upper Deck doesn't speculate about values of individual cards. In fact, to avoid the impression they are running any sort of lottery, most card companies now put legal disclaimers on pack wrappers that state they make no guarantee the cards will have aftermarket value.
Phillips also pointed out that a collector has a chance to get a James rookie card in a pack that costs $3.
Nahm said he was eager for his customer to come in and open the new packs in the store.
"I want to see what it's like to open a $500 pack of cards," he said.
Here's the link as well:
Here's a link to Upper Deck to see the set:
Definitely only for the high end collector.