Logan Paul turns down a $5M irrevocable bid for his Pikachu Illustrator “Someone wants to place a $5M irrevocable bid. What that means is someone will agree to put a pre-placed bid on the card, and if it doesn’t hit that number, it gets sold to them. But if it goes above that number, they will get a 10% difference from the bet they placed and the final sell price” “Someone did this with a Birkin bag. They placed a $3M irrevocable bid on the bag, and that bag got sold for $10M. They made $700K in a night just by having the conviction that it will sell above $3M”