The 2011 Call of Legends set has eleven "shiny legend" cards, SL1 to SL11, and the two biggest are Lugia and Rayquaza. In 2026 both have sold in PSA 10 at public auction, and the two cards have gone opposite ways.
| Card | Grade | Price | Venue | Date |
|---|---|---|---|---|
| Rayquaza #20 | PSA 10 | $180,200 | auction | week of August 1-8 |
| Rayquaza #20 | PSA 10 | $105,000 | auction | week of August 1-8 |
| Rayquaza #20 | PSA 10 | $97,600 | Goldin, 23 bids | September 9 |
| Lugia #15 | PSA 10 | $367,220 | Goldin, 49 bids | September 10 |
The Rayquaza slide
From $180,200 to $97,600 in five weeks on the same card and grade is a 46 percent drop, and it is tempting to read it as the market cooling. The better explanation is supply. Three PSA 10 Call of Legends Rayquazas came to auction in five weeks. The first found two bidders who both wanted it; the second found the loser of that contest; the third found whoever was left. Each sale drained the buyer pool a little, and the third result is the price with the two most motivated buyers already satisfied. Nothing about this says the card is worth $97,600 rather than $180,200; it says the average of the three, around $128,000, is a better estimate than any one of them, and that the next copy should wait a few months.
The Lugia
The Lugia had not sold publicly in a 10 all summer, and it is the more popular of the two cards. The $367,220 result, with 49 bids, was nearly twice the next-largest lot in Goldin's entire pop culture auction, a sealed Final Fantasy VII game at $185,303. It lands the same fortnight as the $360,000 First Edition Neo Genesis Lugia, which makes September the month Lugia caught up with the summer's Rayquaza mania.
What it means for pricing
Rip Station's engine averages recent public comps rather than taking the latest one, and this is the case for why. A card priced off the August 8 Rayquaza would be marked at $180,200; priced off September 9, at $97,600. Neither is the card's value. The same logic will apply to the Torchic Gold Star closing on Alt tonight: whatever the PSA 10 hammers at, the next one will not hammer at the same number.
Sources: Auction Report, September 10, 2026; SI Collectibles, August 10, 2026.
Chart of the Day ran in The Pack Report, September 10, 2026: PSA Under Ten Million, and a $367,000 Lugia This Morning. Published by Rip Station.