The now infamous case of Base Set booster boxes purchased by Logan Paul for $3.5 million is proven a fake.
Originally appearing back in March 2020 on Canada’s eBay, the Base Set box listing was sketchy to say the least. Grammatical errors and a virtually unknown seller, along with multiple origin stories of the box and conflicting labels on the box itself, all were major red flags as to the validity of this supposed original Pokemon Base Set box.
It only received a winning bid of $72,500 despite an estimated market value of $3.6 million as most collectors dubbed it a scam and avoided any bidding.
The case was sold to Jacob Gabay off-site for an unknown amount, who flipped the box later on to @shyne150 for $2.7 million during a live stream auction event held by Gabay and the Baseball Card Exchange.
To continue the prevalence of red flags the BCE didn’t show their authentication process during the live stream - nor do they have much history authenticating Pokemon booster boxes.
@shyne150 sold it on to Logan Paul for a cool $3.5 million. But upon Paul and his crew opening the case (which apparently had never been opened before), they could quite easily see that the boxes inside were indeed forged, misshapen and of poor print quality. The booster boxes themselves once open contained GI Joe booster packs…
Logan Paul was refunded his $3.5 million by @shyne150 but now @shyne150 has to sue Jacob and his group to get his $2.7 million credited back which they are refusing to refund.
Shyne150 also revealed in another post that his legal team had been in contact with one of the original sellers.
It reads: “I’m encouraged by my legal team that Meelypops has agreed through his counsel to escrow the proceeds he received from the sale while we work to recover the rest of my funds from Card Kahuna.”
Stay tuned as the story unfolds with @shyne150 and Jacob Gabay and watch Grayson's thoughts on what this whole story does for authentication:
