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Michael Jordan 1997 Z-Force Super Rave 49of50 BGS 8.5

Asset value
55.000 €
Issue price per Splint
50 €
Total number of Splints
1.100
Investment horizon in years
3 to 5
Return-to-Risk Assessment
9/10
Since launch May ‘25
+0.0%

Main reasons to invest

  • Return Potential📈: An investment of 500 EUR could reach an estimated value of 1,902 EUR in 5 years.

  • Cost-to-Return Ratio⚖️: With just 3.7% annual total costs (including exit fees), your net profit could be 30.6% per year.

  • Legacy in foil 🐐 : All four of its siblings have soared—this is the last to take flight. With shared fundamentals and a stronger release legacy, the Super Rave remains significantly undervalued. You’re not buying at the peak—you’re entering just before liftoff. The emotional payoff? Owning the final unsung grail of MJ’s Bulls dynasty.

Description

Investment Thesis 📝

1. Attractive Entry Price for a Rare Grail Card
This card is offered at €55,000 — well-positioned below its average fair value of €64.7k, based on multiple historical comps across BGS 8–9 grades. It features several embedded rarity premiums:
  - Limited to just 50 copies, making it one of MJ’s lowest-print inserts from his final Bulls season
  - A standout foil explosion design with vertical “Zuperman” text, amplifying both eye appeal and visual shelf presence
  - BGS 8.5 with strong subgrades (Corners 8.5, Centering 9.5), placing it in the upper tier of condition-sensitive 90s grails
The card sits in the legacy “Super Rave” tier of late-90s parallel inserts — a niche with rising interest among both vintage and crossover collectors.
The fair value was determined by averaging comparable cards and recent sales, including PSA 8.5 and 9.0. Key references for comparable include:
  - 1998-99 SkyBox Metal Universe Precious Metal Gems #1 Michael Jordan (#46/50) = €139.4k
  - 1997-98 SkyBox Premium Star Rubies #29 Michael Jordan (#44/50) = €101.6k

2.  GOAT Status Secures Cross-Market Demand
Michael Jordan is not only the most iconic basketball player in history but often cited as the greatest athlete of all time. His influence transcends sport:
  - Over $5 billion in Nike Jordan Brand revenue annually
  - Global pop culture icon through The Last Dance, Air Jordan, and continual ESPN/NBA coverage
  - His cards form the backbone of blue-chip collecting, with liquidity, resale velocity, and market confidence unmatched in the hobby
This card captures peak MJ — issued during his legendary 1997–98 “Last Dance” season, when he secured his sixth and final NBA title. It carries immense nostalgia for Bulls-era fans and timeless relevance for collectors and investors alike.

3. Valuation: Upside Scenarios Backed by VaR Model
Using a Value at Risk (VaR) approach with a 5 year horizon and historical CAGR benchmarks from the Zuperman /50 index, we estimate the following outcomes:

  - Balanced Scenario (VaR 50th percentile): €213.5k → CAGR 30.6%
  - Ambitious Scenario (50th percentile extrapolated): €352.4k → CAGR 44.4%

In terms of Risk management, the 5% VaR model suggests a price floor above €84,000 with 95% confidence for a period of 5 years— preserving capital and providing asymmetrical upside.
Net of costs and platform fees, the expected return remains strong at 30.6% p.a., with a Sharpe ratio of 1.08, placing this card among the most attractive mid-term holds in the category.

Exit Options at Maturity 🚪
We will manage the exit strategy in collaboration with our expert network on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the card will be sold via private transaction or high-end auction. Both options are evaluated to ensure optimal exit value.
Why Invest in This Category? 🎨
Sports cards are an asset class that has enjoyed one of the highest multipliers in growth over the last 5 to 15 years among alternative investment vehicles. Sports cards have strong fundamentals in bringing high-valued licenses, age-tested brands, universal passion for sports, and transcendent talents together in innovative concepts.
Why Invest in This Asset? 💎
The 1997 Z-Force Super Rave #49/50 is one of the five rarest non-1/1 Michael Jordan cards from his Bulls playing days. It’s not just a rare piece—it’s the 4th rarest among these grails. Skybox released this card at the height of the 90s hobby boom, during Jordan’s final championship season, immortalized by The Last Dance. This specific edition (#49/50), graded BGS 8.5 with Gem Mint centering, represents a convergence of peak player performance, premium card design, and extreme scarcity.

Among the five cards from the /50 club (PMG Championship, Rubies, Team Skybox Rubies, Grand Finale, and Super Rave), this Super Rave was the second-best seller upon release, but remains the most undervalued today. Others have surged into six figures—some over $200k—while this card’s highest public sale reached $108k. The most recent comp? $42k in March 2025, showing upward momentum from $33k just a month prior. One BGS 9 copy even changed hands privately for $150k, indicating headroom.

Skybox’s atomic holo-foil design paired with Jordan’s mid-air acrobatics (front) and iconic glare (back) give it unmatched eye appeal. And as serialization started meaningfully in 1997, this card represents one of the earliest ultra-low print run cards ever made for MJ—cementing it as the rarest sub-$1M Skybox Jordan card of the Bulls era.
Context in Time ⏳
The card hails from the 1997–98 season, Jordan’s “Last Dance” with the Bulls—a cultural and sports milestone. It’s one of only five /50 cards in that golden year and stands apart for being Skybox’s finest contribution to the Jordan grail tier. It’s not just a card. It’s 90s basketball legacy, sealed.
Conclusion 🎯
This display is more than a rare card—it's a portal to peak Jordan, 90s card innovation, and an elite collector class. As others climb beyond reach, this Super Rave remains within striking distance. It won’t stay grounded much longer. This is your chance to own a piece of greatness—just before it’s gone.

Expert

K3Y Asset

K3Y Asset is a hobby platform to tell stories in the hobby of card collecting in proper contexts and often in parallel to sports history and moments, while unlocking desirable attributes from key sports cards to elevate them into long term desirable assets.

Additional details

Asset ID
c743ef15-57e4-450a-a5cf-108c46b70ca6
Publisher
Fleer Skybox
Card name
Michael Jordan 1997 Z-Force Super Rave 49of50
Publication year
1997
Player and team
Michael Jordan, Chicago Bulls
Edition number (i.e. 5 of 50)
49 of 50 (4th rarest non-1/1 Jordan Bulls playing days card)
Material
Cardboard
Condition
Graded 8.5 by BGS (Beckett Grading Services) with Gem Mint centering

Documents

Aurelio Image CEO

Aurelio

CEO & Co-Founder