Why Logan Paul paid 6 million for a single Pokemon

Why Logan Paul paid $6 million for a single Pokémon card

Logan Paul carries the card ahead of his April 2 match.

Internet personality, boxer, and Pokémon investor Logan Paul recently spent $6 million on a very rare Pokémon card and then wore that card during his WrestleMania 38 appearance. Why? Because the internet and speculators have destroyed reality.

Paul, 27, first teased his Pokémon card accessory on April 2nd when he revealed he planned to carry the very rare Pikachu Illustrator card Wrestlemania 38, the biggest WWE event of the year. Prior to April 2, Paul had spent $6 million on the card through the Professional Sports Authenticator (PSA) sales database.

So why did Logan Paul spend so much money on a single Pokémon card and then wear it like a necklace?? Part of that is because his whole business revolves around him continuing to do stunts like this and then using his fame to make more money so he can keep doing stunts to make more money and, well, you see how this works.

However, the card Paul bought – Pikachu Illustrator – is actually a rare card, in fact it could be the rarest Pokémon card we know of in 2022. (Though she’s probably not worth $6 million…)

This particular version of Pikachu Illustrator was recently rated a GEM Mint 10 by the PSA grading company, indicating that it is in near-perfect condition. That makes it the only recorded Pikachu Illustrator card to have received this rating, and would make it rare and coveted considering only about 40 of these cards were ever created and released.

While almost unique, it’s still not accurate to say that this card was worth $6 million before Paul bought it. The exact value is hard to pin down, but it’s likely that now that he’s worn it and spent so much on it, Paul could be trying to sell it for more, driving up the card’s price.

Later, after his match, The Guinness Book of World Records claimed that Paul set a new world record for the most expensive Pokémon card sold in a private auction. (Guinness lists the price at $5,275,000, which is likely what was spent on the card after the fees were removed.)

This is just the latest high-profile incident in the ongoing Pokémon card craze that continues to spread around the globe, causing card shortages, crowds and chaos at the shops, and rare card auction prices that continue to skyrocket as more people try to get her a piece of the pocket monster cake.

And let’s not forget that before a big event, Logan Paul carried another very rare Pokémon card. Back then, it was a Charizard card that Paul claimed was worth $1 million after his fight with boxing star Floyd Mayweather. Or the other time he wasted a bunch of money on some crappy GI Joe cards.