Talk about anything you want, so long as it's about comics!
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Ronbatman Administrator Posts: 2530
1/3/2022
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Have you noticed all the venture capital that is being poured into the comic book industry?
CGC parent company bought by Blackstone. Valued at 500 million for CGC alone
Whatnot app raises 225 million to buy new tech and almost all comic YouTube personalities.
I'm sure there are more that I'm not thinking of right now.
Two things -
Can you name other comic companies that have received venture capital recently?
What do you think will happen to the market because of all this money?
Ron
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canesmacker Posts: 53
1/4/2022
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I agree with ruk - prices at comic auctions are ridiculous. Great time to sell / bad time to buy.
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+1
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claydwilli Posts: 66
1/5/2022
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Comics are going the same direction as magic cards and other collectables. It's the same path that 'high art' has always taken, along with high end cars. They are a place that the wealthy see that they can 'store' their cash and get returns. The aim is returns. The venture capitalists see a booming market and capitalizing on the services that support it. Investing is all about the service markets. If you see a trend, look and see what services will support that trend and buy them up. If you see that people like coffee, don't just go out and buy coffee beans, buy the companies that makes the roasters and the grinders. Buy cardboard production companies and trucks and corner real estate. All that said, I bet anything that those who now own CGC also own super high end comics and are pressuring the market to drive up those values.
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+1
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rixmaxx Posts: 463
2/18/2022
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+1
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Oxbladder Posts: 487
2/25/2022
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claydwilli wrote:
Comics are going the same direction as magic cards and other collectables. It's the same path that 'high art' has always taken, along with high end cars. They are a place that the wealthy see that they can 'store' their cash and get returns. The aim is returns. The venture capitalists see a booming market and capitalizing on the services that support it. Investing is all about the service markets. If you see a trend, look and see what services will support that trend and buy them up. If you see that people like coffee, don't just go out and buy coffee beans, buy the companies that makes the roasters and the grinders. Buy cardboard production companies and trucks and corner real estate. All that said, I bet anything that those who now own CGC also own super high end comics and are pressuring the market to drive up those values.
Most of the money now is from collectors. The biggest investing by the venture types has been in industry supports like CGC. Not sure how that's like them 90's when most of the problem came from card collectors came in but didn't know what they were doing and when they bailed that left many stores stuck for months trying to bring their order numbers down. I don't see the stock numbers like the 90's so people are chasing issues not buying in early and they are going for keys. Where I live it's mostly 20-40 year old collectors with apps like Key Collector driving the price trends. Key Collector is the new Wizard.
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