The bubble of Pokémon cards brought by celebrities and influential people, leveled with money hippie the market on social media and YouTube, could burst. A group of individuals gathered yesterday for a live deal on YouTube for $ 375,000 – along with a security guard with a badge. According to The Guardian, the card box in question is fake.
There was no money to exchange hands, but everyone involved looked stupid.
After boiling for months, the Pokémon market became the mainstream on October 9, when rapper Logic paid a record $ 183,812 for a rare Charizard. This gave the idea to the team on Dumb Money̵
The team offered to buy an unopened box of first-edition Pokémon cards – a total of 36 packs – for $ 375,000 from a group led by Jake “JBTheCryptoKing” Greenbaum, a cryptocurrency speculator. The speculator is closely linked to Logan Paul, who recently spent $ 200,000 on a box of Pokémon cards. Once opened and authenticated, the Dumb Money team would hide the box for a year.
Then, live on stage in Las Vegas, they planned to organize “the largest party for Pokemon investors in the world,” according to Camilo. The plan was to sell the packages separately and donate some of the cards to “contributors”, all proceeds going to charity.
“As long as it’s a non-political charity,” Camilo said, “we’re going to donate 100% of the money to charity.”
When they opened the box, there was an assortment of packaging inside, not all of which were first editions, and some of them were already open, a blatant forgery resealed to make it look like the real thing.
The seller Greenbaum – who asked to be paid in cash – said he had no idea he had a counterfeit.
“That’s why you buy PSA / BGS ranked!” Greenbaum said on Twitter, citing PSA authentication and evaluation services and Becket Grading Services, which confirm the cards and their condition for a fee.