Michael Jordan isn’t just the GOAT on the basketball court. He’s also at the top of the mountain when it comes to NBA cards. That’s why at the peak of the recent card boom, His Airness rookie cards commanded such a high value on the market. Right now, though, is a different story.
Just recently, Michael Jordan’s PSA 10 Fleer rookie card hit a five-month low price when it was auctioned off for $180,000 by PWCC on eBay. Turns out, the auction itself was deemed invalid by the company:
PWCC says the 1986 Fleer MJ rookie auction this week, which resulted in a five month low for the card ($180,000) has been declared “invalid.” pic.twitter.com/wBIhGHjeLJ
— Darren Rovell (@darrenrovell) June 18, 2021
In this tweet by Darren Rovell, PWCC said that there was an issue with eBay concerning the auction of said card. A significant number of bids were blocked during the final minutes, causing the bidders to contact PWCC about the issue.
The auction company added that they have been in communication with eBay to find out how this happened. In the end, the online platform said that a software glitch was to blame for the erroneous auction. As a result, it was confirmed to the public that the auction for this particular Michael Jordan card has been deemed invalid.
While this is the official announcement, a good number of collectors within the hobby are still doubtful about this recent development. Some hobbyists believe the price drop of Jordan’s definitive rookie card is part of the overall downtrend of the card market.
In any case, any sign of price manipulation or dubious practices should be reported right away. This should be done, not only to preserve the value of Michael Jordan’s rookie card, but of the integrity of the hobby as a whole.
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