Why are Pokémon Card Prices Rising? 10 Reasons
Why are Pokémon Card Prices Rising? 10 Reasons
From discussions over at runrex.com, Pokémon card sales and prices have been on a steep upward curve in the last couple of months, and we have seen some cards sell for hundreds of thousands of dollars. Pokémon has now become a legitimate investment opportunity with people snapping up Pokémon cards in the hope that they will turn a profit once they sell as covered over at guttulus.com. The question that begs is, what is behind this recent spike in Pokémon card prices? This article will look to answer this question by putting forward 10 reasons behind the phenomenon.
The impact of influencers is one of the major reasons why there has been a rise in Pokémon card prices in recent months according to runrex.com. YouTube Paul Logan, for example, recently secured how own PSA 10 Charizard for $150,000 and swiftly told his 22 million subscribers that he is quitting Pokémon. He is just one in a long line of YouTube stars who have either bought or sold Pokémon cards for big bucks as covered over at guttulus.com, which has led to the increased frenzy surrounding Pokémon, pushing up the value of Pokémon cards.
Other than influencers, particularly on YouTube and Twitch, celebrities have also contributed to the recent rise in Pokémon card prices. This is because celebrities have also hit the headlines for dropping big bucks on Pokémon cards as outlined over at runrex.com, with an example being rapper Logic who decided to spend over $180,000 on a PSA 10-graded rare First Edition Charizard card last year.
The lockdown that has been necessitated by the COVID-19 pandemic has played a role in the recent rise in Pokémon card prices according to guttulus.com. This is because with people at home and with all that time on their hands, they have been able to go through their old stuff and rekindle some of their old hobbies, including collecting Pokémon cards, which has led to the rise in Pokémon card prices.
Ability to afford cards
It is also worth pointing out that the fact that childhood Pokémon fans now have the income to afford buying cards has contributed to the rise in prices. As explained over at runrex.com, people who were huge fans of the TCG as kids are now in their late 20s or early to mid-30s and can finally afford the stuff they like when they were kids. They are now able to buy and collect the cards they couldn’t afford before, which has also contributed to the rise in prices.
On a related note, the Nostalgia that childhood Pokémon fans have experienced in recent times has also contributed to the rise in prices as it has pushed them to reconnect with their passion, and since they can now afford to buy cards they couldn’t before as mentioned above, the number of people buying cards has shot up and so have the prices as covered over at guttulus.com.
Increase in people wanting to watch pack openings
One phenomenon that has been observed in recent times according to the subject matter experts over at runrex.com is the popularity of pack openings on social media sites such as Twitch and YouTube. Events, where influencers are opening new packs, have been extremely popular, with celebrities like Steve Aoki, who recently hosted a live charity event devoted to opening packs, also joining in. This has created publicity around Pokémon cards, contributing to the recent increase in prices.
The COVID-19 stimulus checks
As per the gurus over at guttulus.com the release of the COVID-19 stimulus checks has given collectors and investors extra cash to spend, which they have used to buy cards, as well as giving childhood fans disposable incomes which they have also used to buy the cards they could never afford before. Most of the people buying Pokémon cards are doing so for investment purposes as they have seen how valuable some of these cards can be.
The launch of Pokémon Go
While the pandemic has no doubt played a role in the recent spike in Pokémon card prices, experts, including those over at runrex.com, point out that prices had begun to go up even before the pandemic. For instance, prices went up after the launch of Pokémon Go in 2016, as a result of a spike in sales when sales doubled soon after the release of the game, and this is another factor that has been attributed to the increase in Pokémon card prices.
The idea that one could make a fortune
As articulated over at guttulus.com, everyone is into Pokémon cards again – or at least the idea that they could make a good buck out of them. The news of people buying or selling Pokémon cards for big bucks as led to many going through their old stuff to see if they can locate some of the cards they had long forgotten they still had, with others looking to buy and invest in cards in the hope of then flipping them for a tidy profit. This idea that there is money to be made with Pokémon cards has also contributed to the recent spike in prices.
The 25th anniversary
Finally, if you thought the spike in Pokémon card prices is coming to an end, then think again, as Pokémon is on the verge of celebrating a major milestone. As explained over at runrex.com, this year is, on the 27th of February, is Pokémon’s 25th anniversary, and Pokémon will be at an all-time high for a while after that since the event is set to be celebrated hugely by both the franchise and its fans, and the hype surrounding it should also lead to prices rising further.