The Pokémon card bubble brought by celebrities and influencers may burst, and there will be a lot of hype on social media and YouTube. Yesterday, a group of celebrities got together to make a $375,000 transaction on YouTube and was equipped with a badged security guard. According to the Guardian, the card box in question was fake.
There is no money to exchange hands, but everyone involved looks stupid.
After months of brewing, on October 9th, when rapper Logic bought the rare Charizard for a record price of $183,812, the Pokémon market quickly became mainstream. This gave Dave Hanson, Chris Camillo and Jordan Mclain an idea to the team of the “Fool Money”
The team suggested buying an unopened box of the first version of Pokémon cards (36 packs in total) at a price of $375,000 from a group led by cryptocurrency speculator Jake “JBTheCryptoKing” Greenbaum. Speculators are closely related to Logan Paul, who recently spent $200,000 on a box of Pokémon cards. Once opened and verified as authentic, the Dumb Money team will fill the box for one year.
Then, according to Camillo, they plan to hold “the world’s largest Pokémon investor gathering” on the stage in Las Vegas. The plan is to auction the packaging separately, and donate part of the cards to “collaborators”, and all proceeds will be used for charity.
Camilo said: “As long as this is a non-political charity, we donate 100% of the money to the charity.”
When they opened the box, there were all kinds of packaging inside, not all of them were first editions, some had been opened-an obvious fake, resealed to look like the real thing.
The seller Greenbaum (Greenbaum) demanded cash payment. He said that he did not know that he had hidden fakes.
“That’s why you buy graded PSA/BGS!” Greenbaum said on Twitter, referring to PSA authentication and grading services and Becket grading services, which can verify the card and its conditions for a fee.