A Complete 1997-98 Jordan PMG Red Set Just Sold for $1.47 Million
The full 1997-98 Michael Jordan PMG Red set hit $1,470,000 at auction, a new record for the item.
What Happened
A complete 1997-98 Michael Jordan PMG Red set sold at auction for $1,470,000, establishing a new auction record for the set. The PMG Red is among the most demanding Jordan rainbow chases of the late-'90s Topps era, requiring a collector to assemble every card from the parallel run. This sale marks the highest price ever recorded at auction for the complete set.
Why Collectors Should Care
A $1.47 million hammer price for a complete PMG Red set resets the ceiling for late-'90s Jordan parallel collecting. The PMG Red has always carried serious weight — it is a notoriously difficult set to complete, and a sale at this level signals that demand for high-condition, complete Jordan parallel runs is as strong as it has ever been. Collectors holding individual PMG Red cards, or those chasing the set piecemeal, now have a concrete benchmark for what the finished product commands. It also puts the broader PMG rainbow — including the Green and Gold tiers — back in the conversation for serious Jordan collectors.
Questions Collectors Are Asking
What is the 1997-98 Jordan PMG Red set?
PMG stands for Topps' 'Pro Motion Gold' parallel program from the late 1990s. The PMG Red is a specific parallel tier from the 1997-98 Topps basketball release, and completing the full Jordan run requires tracking down every card in the set — making a complete collection genuinely rare.
Is $1.47 million a record for this set?
Yes. The $1,470,000 sale price establishes a new auction record for the complete 1997-98 Michael Jordan PMG Red set.
Does this sale affect the value of individual PMG Red cards?
A complete-set record at this level is a strong signal for the individual cards that make it up. Collectors holding single PMG Red Jordan cards now have a clearer sense of what the assembled product commands, which typically lifts attention — and prices — on the singles market as well.
Sources
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