A student in Georgia turned his lifelong hobby into an investment to secure his future by selling his rarest Pokémon cards.
Caleb King had spent around $4,000 on his Pokémon card collection, knowing full well they will be a worthwhile investment one day.
But the entrepreneurial student has now made over $80,000 from selling his cards. He’s now using the funds to pay his tuition fees at the University of North Georgia.
He hopes to qualify as an orthopedic surgeon and believes his love for Pokémon will help him achieve his goals. – Through buying and selling rare cards.
King is now in good company; even the rapper Logic is an avid collector of rare Pokémon cards. Recently selling a limited edition Charizard card for over $200,000 in an online auction.
King noticed that his most expensive Pokémon cards increased in value exponentially during the pandemic. He then realized that if he was ever going to sell them, now is the time, taking advantage of the spike in interest.
In his view, the COVID-19 pandemic is the cause for the surge in value. This is because people are more isolated and searching for a comforting pastime to take their minds off 2020.
Pokémon is something that many people have grown up enjoying. The first generation of fans are now adults; kickstarting their fandom makes them feel good. It also makes them feel young and reminds them that life will get better.
King said, "People kind of want a distraction from everything that's going on, and I think Pokémon is one of the ways people can."
How Much Are His Pokémon Cards Worth Now?
He also revealed that his most valuable card was his Red Cheeks Pikachu, which is now worth over $20,000. King explains that his parents were initially hesitant about his plans to spend large sums of money on Pokémon cards.
"A lot of people tried to discourage me from doing it at the beginning, especially my parents. They said, ‘Hey, you shouldn't be spending that kind of money on these cards, that's ridiculous.’ I didn't listen, and it paid off."
His mother, now fully supporting King’s plan, said, "Now when we pull back, we laugh. My husband says, ‘Oh my gosh, maybe I should've given him some money to put into Pokémon cards.’ But yeah, I'm proud of him, I'm proud of who he is, I'm proud of his character, his drive."
Pokémon continues to expand as a franchise; the latest update for Pokémon Sword and Shield arrived last week. The next Pokémon movie also sheds light on the parentage of the series main character – Ash.
Rumors also suggest that the remakes of Pokémon Diamond and Pearl are due to arrive next year – and that they may feature more open-world elements.
We wish Caleb all the best in his academic studies and Pokémon card collecting!