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Rare LeBron James rookie card reportedly could fetch $2 million at auction

An incredibly rare autographed LeBron James rookie card continues to draw rampant interest after breaking a modern-day bidding record last week. Now, the card has eclipsed the $1 million mark at auction thanks to a recently submitted bid.

TMZ Sports reports that a $1.02 million bid has been made on the “ultra rare” James rookie card. Even more stunning, experts predict that the card could potentially fetch upwards of $2 million once the auction is all said and done.

Part of the “2003-2004 Upper Deck Exquisite” series, the limited-edition James rookie card — — only 23 were produced — netted a bid of $960,000, which shatters the recently set modern-day auction record when a Mike Trout rookie card sold for $922,000 in May. For James’ card to double the previous record is almost incomprehensible.

Goldin Auctions, the outfit presiding over the historic bidding war, has indicated 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 2003-04 season.

Twenty-two bids have been made thus far in an auction that closes July 18. With so much time left, it’s indeed possible some deep-pocketed sports memorabilia collector could conceivably lay down a bid that could reach something in the range of a mind-blowing $2 million.