Raincoat Pikachu, an extremely rare Pokémon card showing Pikachu in a raincoat, has sold for $8.4 million at a Fanatics Collect auction. With only 100 copies ever issued and none ever sold at retail, it is now the second most expensive Pokémon card ever sold at auction.
Raincoat Pikachu Auctioned for $8.4 Million
The Pokémon TCG market has just recorded a headline-grabbing sale, with a Raincoat Pikachu selling for $8.4 million at Fanatics Collect on September 28, 2026. The auction drew a total of 64 bids, and the $8.4 million figure includes a 20% buyer’s premium.
The card’s official name is 2015 Pokémon Japanese XY Promo Art Academy Fujishima Pikachu #XY-P. Collectors call it Raincoat Pikachu because of its image of Pikachu wearing a red raincoat and holding an umbrella in the rain.
At its new price, Raincoat Pikachu becomes the second most expensive Pokémon card ever sold at auction. The record still belongs to the Pikachu Illustrator, which Logan Paul sold for about $16.4 million in February 2026.
Why Are There Only 100 Raincoat Pikachu Cards?
Raincoat Pikachu’s origin is what makes it so special. The card comes from a global illustration contest tied to Pokémon Art Academy for the Nintendo 3DS.
Artist Y. Fujishima won the “Dress-Up Pikachu” category with a design of Pikachu in a raincoat holding an umbrella. Fujishima’s prize was 100 official Pokémon cards featuring the winning design.
Notably, these cards were never released through booster packs, product boxes or Pokémon card retailers. The run was limited to 100 copies from the start and given to the contest winner.
This unique distribution is what makes Raincoat Pikachu one of the rarest cards in the Pokémon TCG, even though it was only released in 2015 and isn’t among the oldest Pokémon cards.
A PSA 10 Copy Sent Raincoat Pikachu’s Price Soaring
The Raincoat Pikachu that just sold is graded PSA 10 Gem Mint, the highest grade in PSA’s grading system. Its near-perfect condition combined with an extremely low print run made the card an especially attractive target at auction.
However, the $8.4 million price is a huge leap compared with previous sales of the same card.
One PSA 10 Raincoat Pikachu sold for $12,600 in July 2024, while another fetched $19,200 in June 2025. According to data cited by collector sources, the card’s price rose sharply in 2026 before hitting its new record at Fanatics Collect.
That makes the $8.4 million sale an exceptional case in the collectible card market, with this price far above Raincoat Pikachu’s recent transactions.
Many Other Pikachu Cards Are Also Rising in Value
Raincoat Pikachu isn’t the only Pikachu card to command high prices recently.
In the same week as the auction, a 2002 Legendary Collection Reverse Holo Pikachu graded PSA 10 reached $780,000. A Pikachu Gold Star from the 2006 Holon Phantoms set also sold for $480,000, both including buyer’s premiums.
These sales show that rare Pikachu variants continue to attract huge interest from collectors. Raincoat Pikachu, however, has an added advantage in its origin: it was created from a fan contest and exists in only 100 copies.
Raincoat Pikachu Is Still Far From the Pikachu Illustrator Record
Despite reaching $8.4 million, Raincoat Pikachu still hasn’t surpassed the Pikachu Illustrator.
Logan Paul’s Pikachu Illustrator sold for about $16.4 million in February 2026, nearly double Raincoat Pikachu’s price. It remains the highest-value sale ever recorded for a Pokémon card.
Even so, the fact that a card released in 2015, originally just a prize for a drawing contest, can sell for millions of dollars shows that the value of Pokémon TCG cards doesn’t depend only on age. Rarity, condition, release history and the story behind each card can all have a big impact on its value in the collector market.
Raincoat Pikachu is now one of the most striking examples of this, with one of the 100 cards created from the Pokémon Art Academy contest changing hands for $8.4 million.
Source: Compiled from multiple reports.