Why Did I Buy All That – 16 Million Dollar Pikachu

Logan Paul's $16.5mn Pokemon card is the hook for a clear lesson in scarcity and value. With 10.2bn cards printed in a year, Taylor asks why one is worth millions, and lands on authentication and condition: grading services like PSA make scarcity credible in a market full of forgeries, much as provenance turned a £45 painting into a half-billion-dollar Leonardo. She also covers booster packs as a blind gamble and the 'stock market for Pokemon' where speculators trade on future value. Strong for scarcity, price determination, speculation and the role of information in markets, with a nice link to behavioural ideas about the thrill of the gamble. Accessible to all students and a lively example for supply, demand and asset markets.  Read here