The Card
The 2003 Finest set includes some of LeBron James's top 10 rookie cards. This card is the refractor variation, which includes a special coating on the card, only produced in limited quantities - numbered to 250, only 8 of which achieved a PSA 10 grade.
The Offer
$105,000, which would net investors $12.47 / share, representing a 24.7% gain to the Drop Value on 4/14/21 ($84,200 or $10.00 / share) and 40.4% premium to the market cap at trading pause on 2/22/22 ($74,769.60 or $8.88 / share).
Recent Sales
There were no public sales of this card in this grade 2021. The most recent PSA 10 sale was in December 2020 for $45.6k at Heritage Auctions.
There were two PSA 9 sales in H1 2021 for $44.3k and $33.6k in January and May. In H2 2021, there were 3 additional PSA 9 sales at PWCC: $27.6k in October, $25.2k in November, and $23.4k in December.
Alt currently estimates this FMV of this card at $82.9k (medium confidence) and Card Ladder estimates $133.8k (low confidence).
Submit Counteroffer: Open the asset in the app to submit your offer.
Join the Conversation: Chat with other Otis members about this offer on Discord.
Trading has been placed on hold pending investor feedback related to the offer. We asked shareholders to provide feedback by 11am ET on Friday, February 25th.
The Otis team will approve or reject the offer based on a number of factors, including shareholder vote, recent sales, and trading price on Otis. If the buyout is approved, investors will be eligible to receive a payout into their Otis cash account once the transaction is finalized.
RESULT (2/28/22, 11:30am ET):
The offer was accepted. The results of investor feedback were 88.9% approve and 12.1% reject, weighted by shares.