Young Basketball Star's Trading Card Sells for Over $5 Million

A trading card of basketball player Victor Wembanyama sold for $5.11 million in May. This broke records and made it one of the most expensive basketball cards ever sold. The card is special because it is the only one of its kind in the world. Wembanyama plays for the San Antonio Spurs and is considered one of the best young players in basketball.

The sports card market has been growing fast this year. Five different cards sold for more than $1 million in May alone. Most of these cards set new records for their players. Card collecting has become much more popular in recent years.

Wembanyama's card was so valuable because it is a 'Black one-of-one' card. This means only one was ever made. The card was graded as perfect quality by a company called PSA. Even though the card doesn't have his signature on it, collectors still want it badly.

People are buying and selling Wembanyama cards more than any other player right now. In May, there were over 50,000 sales of his cards. This is even more than Michael Jordan, who is usually the most popular. What makes this even more amazing is how new Wembanyama is to the sport.

The card grading industry is facing some big problems. PSA, the biggest card grading company, has over 10 million cards waiting to be graded. This has forced them to stop accepting certain types of orders. The changes are affecting how people buy and sell cards in the hobby.