Sportress of Blogitude

Autographed LeBron James rookie card expected to fetch $1M at auction

The sports memorabilia market continues to operate at a frenetic pace, and the latest news hints at an autographed LeBron James rookie card will likely shatter a recently set record.

Goldin Auctions is set to put the incredibly rare signed James rookie card — only 23 were produced –on the market, and estimates suggest it could fetch upwards of $1 million at auction.

Part of the “2003-2004 Upper Deck Exquisite card” collection, the James rookie card is touted as “arguably the most desirable and valuable card in the world.”

The James rookie card grades out at 9.5/10, which designates it as in “gem mint” condition. Not only is the card signed by James, it also features a patch from a Cleveland Cavaliers jersey worn by the superstar during his Rookie of the Year winning first season.

As noted, should the card net the predicted winning bid in the range of $1 million, the sale would break the just-set record when a Mike Trout rookie card fetched $900,000 at auction in May.

“The basketball card market is on fire,” a Goldin Auctions rep said, per TMZ Sports. “We expect this will surpass the record recently set by the $922,500 Mike Trout card to become the most valuable basketball and most valuable modern card of all time.”

The rare James rookie card’s auction is slated to open on June 22.