culture

How Lew Alcindor (Kareem) PSA 8 Rookie Card Went From $4,751 to $30,201.99 in 5 months

univ hero 2160x954 LEW
Jason Koeppel/ONE37pm

Simply put, Lew Alcindor (aka Kareem Abdul-Jabbar) is an NBA legend. He played 20 seasons for the Milwaukee Bucks and the Los Angeles Lakers, won 6 championships as a player, two-time finals MVP, was named MVP a record six times, a 19-time NBA All-Star, and without question, a top 5 player of all time. According to all-time player rankings by Bleacher Report, ESPN, Complex, and CBS Sports, Kareem ranks in the top 3. 

 

If you ask any long time fan of the NBA for a signature move that is linked to a player, they will likely either mention the Allen Iverson crossover or the Kareem Abdul-Jabbar skyhook. Yet, if you ask a fan under 30, most are unaware of what he means to the game!

Pinterest

Because he was such an iconic player that all true basketball fans recognize, and because this card has a very low population in high grades, the PSA 8 has spiked in value dramatically. There have been a lot of cards that exploded in value over the summer of 2020, but Lew Alcindor’s card was one of the bigger ones—there are only 161 PSA 8’s in the world at the moment!

Lew popreport
Jason Koeppel/ONE37pm

On August 23rd, the PSA 8 went on auction for over $30,000.

Lew ebay
Jason Koeppel/ONE37pm

Prices jumped in July after a $25,000 sale:

JulyAug Lew ebay
Jason Koeppel/ONE37pm

Almost 4 months ago in March, we saw the same card sell for $4,751—an increase of over 5x! 

march Lew ebay
Jason Koeppel/ONE37pm

It’s a vintage card from 1969, which could make it an attractive long term hold for investors who can afford it. The 1969 Topps Basketball set is among the most collectible and iconic sets in the history of sports cards. 

 

As investors continue to deploy capital into alternative assets, we believe we’re far from the ceiling for Lew.

Did you like this article?
Thumbs Up
Liked
Thumbs Down
Disliked