11/29/2023 0 Comments Ebay stock priceIt provides real time auctions where customers can engage with the seller and each other with auctions lasting as fast as 30 seconds. Whatnot is the country's fastest growing marketplace according to Andreesen Horowitz. According to its co-CEO Grant LaFontaine Whatnot is a cross between the streaming platform Twitch and the auction site eBay. Whatnot doubled its valuation to $3.7 billion after a $260 million Series D round in July 2022. ![]() The Company was launched in 2019 and has gone through three rounds of funding. Whatnot is a privately-owned livestream collectibles auction marketplace. in 2022 but is expected to grow to $35 billion in sales by 2024 according to Coresight research. Livestream shopping is an $11 billion business in the U.S. When it's done through the internet, it's livestreaming. The success of QVC and HSN has proven that live selling through television works. Whatnot is a new online auction marketplace that combined both livestreaming and auctions as the magic formula for success. CGC has dominated the comic book market and has expanded into trading cards, original art, and video games. This is what's driving more and more collectors towards getting their collectibles graded. The graded copy commands a 4X premium to a "raw" or ungraded copy which was only originally sold for just $1.00 in 1991. Compare that to a non-graded near mint copy of the same issue which sold for $573.58. For example, a near mint CGC graded 9.8 copy of New Mutants #98 recently sold for $2,025. Graded and encapsulated collectible items adds a premium to the value of the items. Comic Guaranty Corporation (CGC) is the largest grading company for comic books, and they were purchased by BlackRock (NYSE: BLK). The advent of certified grading has also standardized conditions grading which also adds a premium to the value. Having a trusted authority decide the official grade and preserve it through encapsulation has been a driving force attracting new speculators into the market. Grading the condition of a collectible can be very subjective. The hobby has turned into a business for many collectors thanks to e-commerce platforms and the advent of certified grading.Ĭertified Grading Bolsters Collectibles Values Media giants like Disney (NYSE: DIS) producing live-action and streaming Marvel Cinematic Universe (MCU) movies, and Warner Brothers Discovery (NYSE: WBD) building up their slate of superhero releases has helped drive the growth of the collector's markets. Fear of missing out (FOMO) caused new speculators to chase and drive up prices to nosebleed levels. ![]() It also triggered an unprecedented surge in the collectibles market. The pandemic triggered lockdowns, stimulus checks, and decades' worth of e-commerce growth in months. Collectibles range from vintage video games, jewelry, art, coins, trading cards, Funko pops to sneakers and comic books. However, it's also the world's largest marketplace for collectibles. eBay is commonly known as the world's largest auction marketplace for every sort of item you can imagine. It offers TCGplayer a technology platform specializing in trading card games.Global digital marketplace platform eBay (NASDAQ: EBAY) stock has fallen (-43.7%) for 2022. The platforms are accessible through an online experience (desktop and laptop computers), iOS and Android mobile devices and its application programming interfaces (APIs platform access for third party software developers). Its platforms include online marketplace located at and its localized counterparts, including an off-platform business in Japan, as well as eBay’s suite of mobile apps. It has developed user interfaces, buyer, seller and developer tools and transaction processing, database and network applications that help enable its users to reliably and securely complete transactions on its sites. The Company's products include Promoted Listings Standard, Promoted Listings Express, Promoted Listings Advanced and External Promoted Listings. ![]() is a global commerce company, through its Marketplace platforms, which connects buyer and seller in more than 190 markets around the world.
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