Welcome to the Sports Cards Insider – FREE VERSION.
Today’s issue looks into two LeBron James rookie cards IPOing this week:
- 2003 Topps Chrome Black Refractor PSA 9 on Wednesday, September 1st at 12 PM ET at Rally Road
- 2003 Exquisite Rookie Patch BGS 8.5 on Thursday, September 2nd at 8 PM ET at Collectable
Table of Contents
2003 Topps Chrome LeBron James Black
About the Asset
This is a 2003 Topps Chrome Black Refractor card graded PSA 9 — a rarer variant of LeBron’s most widely traded rookie card – the Topps Chrome Refractor. The Black Refractor had a print run of 500 and there are 75 graded PSA 9 (Rally says 71, but PSA says 75) with 20 graded higher at PSA 10. There are also 26 BGS 9.5s and 1 BGS 10, so the PSA 9 is not a particularly rare or highly graded version.
Rally purchased this card for $95,000 on February 19, 2021 and is IPO’ing it at a loss due to the market downturn since then.
If you were signed up to Insider (start a free trial), you’d also learn:
- Projected future growth
- Asset class ROI, volatility and risk statistics
- Detailed valuation with recent sales
- Our verdict
About the Drop
This asset will drop on Rally Road at 12 PM ET on September 1st, 2021 for $85,000. There is no retained equity. Rally Road typically schedules the first trading window between 3-5 months after the IPO funds and the assets are supposed to then trade quarterly, but the schedule has been erratic.
Add IPO to calendar
About LeBron James
We’ve written about LeBron a lot, obviously. I count 22 of his assets on the main fractional sites as of now.
Recent Sales and Current Valuation
[Detailed Valuation for Insiders Only]
Verdict
Keep in mind that there is a BGS 9.5 graded version of this card that trades every day at Collectable — as of EOD 8/31, it was trading at a market cap of $129,870 (the last sale of a BGS 9.5 was at PWCC last week for $96,000). [Full Evaluation for Insiders Only]
2003 Exquisite LeBron James RPA/99 BGS 8.5
About the Asset
This is a 2003-04 Exquisite Collection LeBron James Rookie Patch Auto card graded BGS 8.5. There was a print run of 99, of which 26 are graded BGS 8.5 with 54 graded higher. There is also a horizontal RPA numbered to 100 that has not proved to be as desirable amongst collectors. This exact card was last sold at auction in August 2019 for $192,000.
If you were signed up to Insider (start a free trial), you’d also learn:
- Projected future growth
- Asset class ROI, volatility and risk statistics
- Detailed valuation with recent sales
- Our verdict
About the Drop
This asset will drop on Collectable at 8 PM ET on September 2nd, 2021 for $1,300,000. There is $690,000 of retained equity leaving $610,000 available. Collectable has been scheduling their IPOs for trading around 3 months after they fund, though recently some assets have been pushed back further than that.
Add IPO to calendar
Recent Sales and Current Valuation
[Detailed Valuation for Insiders Only]
Verdict
The retained equity level will make it so the consignor has full discretion over any buyout offers in the future.