This Week in Collecting: Second PSA 10 Raincoat Pikachu Sells for $1.04 Million

The short version: Two weeks after a PSA 10 "Raincoat Pikachu" sold for $8.4 million on Fanatics Collect, a second PSA 10 copy of the same card sold at Goldin for $1,037,000. PSA's records list the Goldin sale on October 12, 2026, at roughly one-eighth of the record price.

Some headlines called it a $7 million loss. That's not quite what happened. PSA's sales records show two different graded copies with two different certification numbers. The bigger story is what happens when one record sale meets the next real-world sale of the same card, and what that tells you about pricing your own collection.

What happened

The card is the 2015 Pokémon Japanese XY Promo Art Academy Pikachu #XY-P, illustrated by Y. Fujishima. Collectors call it "Raincoat Pikachu" because the art shows Pikachu in a red raincoat holding an umbrella. Men's Journal reports that the art won a "Dress Up Pikachu" category in an illustration contest tied to the Pokémon Art Academy game, that only 100 copies were made, and that the card never hit retail.

On the evening of September 27, 2026, a PSA 10 copy closed at $8,400,000 with buyer's premium in Fanatics Collect's weekly Sunday auction after 64 bids, according to the Fanatics Collect lot page. We covered that sale in News 02.

Then another PSA 10 hit the block at Goldin. It also drew 64 bids and sold for $1,037,000, a total that includes Goldin's 22% buyer's premium, per Men's Journal. That works out to a hammer price of about $850,000. PSA's cert page for the Goldin copy logs the sale on October 12, 2026.

Same card, different copies

This is the detail that matters. The Fanatics copy is PSA cert 24753376. The Goldin copy is PSA cert 24842807. Both are PSA 10 Gem Mint, and PSA lists them as separate entries in its sales history for the card. So nobody's slab dropped $7 million overnight. Two different copies of the same card sold two weeks apart at very different prices.

Fanatics Collect's lot page put the PSA 10 population at 57. That's rare, but it isn't a one-of-one. When 57 copies exist in the top grade, every new sale becomes a fresh data point, and the market gets to test whether the last price was the new normal or a one-off.

How the prices compare

PSA's sales log for PSA 10 copies of this card tells the story in five lines:

• September 23, 2025: $26,100 on eBay (auction)
• June 26, 2026: $156,250 at Heritage Auctions
• August 4, 2026: $79,999.99 on eBay (fixed price)
• September 28, 2026: $8,400,000 at Fanatics Collect
• October 12, 2026: $1,037,000 at Goldin

Put that way, the Goldin price is about 12% of the Fanatics record. It's also more than six times the Heritage price from June and roughly 40 times the eBay sale from a year earlier. Depending on which number you anchor to, the same result looks like a crash or a huge win.

For scale, the most expensive Pokémon card ever sold is still the PSA 10 Pikachu Illustrator that went for $16,492,000 at Goldin in February, according to Men's Journal. The $8.4 million Raincoat Pikachu sat at No. 2 on that list. In its weekly TCG sales roundup, Sports Illustrated noted the Fanatics sale made up almost 80% of the top five TCG sales tracked by Card Ladder that week.

The bigger trend

High-end Pokémon has had a loud 2026. A record Illustrator sale in February, a run of seven-figure Pikachu sales, and now two Raincoat Pikachu results that are $7 million apart. Big headline prices pull more copies out of collections and onto auction blocks. That's normal. When a card with dozens of top-grade copies sets a record, owners of other copies have a reason to test the market fast.

The Goldin result is that test. A seven-figure price for a 2015 contest promo is still a strong number by any standard. What it suggests is that the $8.4 million sale reflected what two bidders were willing to pay on one night, not a level the rest of the market was ready to match two weeks later.

What it means for collectors and resellers

You probably don't own a Raincoat Pikachu. The lesson still applies to almost everything you buy and sell.

• One sale is not a price. Look at a run of sold prices over months, not the single highest result. Throw out the outliers on both ends and see where most sales land.
• Check the cert, not just the card. For graded cards, PSA's cert pages show sales history by certification number. That's how you can tell whether a "drop" is one slab losing value or two different copies selling at different prices.
• Compare totals the same way. Auction houses add a buyer's premium (22% in this Goldin sale). Fixed-price listings don't. Make sure you're comparing all-in numbers to all-in numbers.
• Know the population. A card with 57 copies in the top grade will keep producing new sales. Every one of them can reset expectations.
• Use sold prices, not asking prices. Asking prices tell you what sellers hope for. Sold prices tell you what buyers paid. If you want a quick read on an item, Moe can identify it from a photo and show its current market value.

If a headline sale has you thinking about selling a card in the same set or category, the window right after a record can be a good time to list. Just price from the full set of comps, not the record. Our guide on where to sell collectibles online breaks down fees and audiences on the major platforms.

What to watch next

Watch the next PSA 10 sale of this card. If it lands near $1 million, the Goldin result becomes the working price and the $8.4 million sale looks like a true outlier. If it lands well above, the market may be settling somewhere in between. Also keep an eye on the PSA population report. More copies submitted and graded 10 would add supply at the top. Finally, watch other Art Academy contest promos, since collectors tend to chase related cards after a headline sale.

Frequently asked questions

Did the $8.4 million Raincoat Pikachu card lose $7 million?

No. PSA's records show the $8.4 million Fanatics Collect sale (cert 24753376) and the $1,037,000 Goldin sale (cert 24842807) were two different PSA 10 copies of the same card. The second copy sold for far less two weeks later.

How much did the Raincoat Pikachu sell for at Goldin?

$1,037,000 including Goldin's 22% buyer's premium, after 64 bids. PSA's cert page logs the sale on October 12, 2026.

How many PSA 10 Raincoat Pikachu cards exist?

Fanatics Collect's lot page listed a PSA 10 population of 57. Men's Journal reports that only 100 copies of the card were made in total.

What is a PSA 10 Raincoat Pikachu worth now?

There's no single answer. Recent PSA 10 sales range from $79,999.99 on eBay in August 2026 to $156,250 at Heritage in June, $8.4 million at Fanatics Collect in September and $1,037,000 at Goldin in October. The next sale will say a lot about where the market settles.

What is the most expensive Pokémon card ever sold?

A PSA 10 Pikachu Illustrator that sold for $16,492,000 at Goldin in February 2026, according to Men's Journal.