I have an odd relationship with speculators in that I don’t mind them buying my stuff, but I do have issues with the larger speculators who are inflating a bubble so alike the 90s one that when it bursts will be the first ones crying they have tens of thousands of comics, many slabbed, worth vastly less than what they paid for them.
Take as an example Comictom on Youtube. In the video below be details how he was scammed because he was buying a slabbed copy of Wolverine #1 from 1988 for $1000. This is a book which sells for 40-50 quid. He says he paid this money to stop himself missing out when the boom hits (which I’ve done, and indeed, still do) but I don’t inflate the market by spending so much over the odds.
I should feel sorry for him but I can’t. This sort of rampant stupidity sees comics priced out of the range of the average collector and takes an artform meant to be read into just another rich person’s way to ‘invest’ their money by inflating the market. This means for most new collectors the idea of owning a decent run of silver let alone bronze age is next to nothing which means the actual next generation of fans could be put off the medium because it costs too fucking much just to buy what used to be average or low value comics.
We have a responsiblity to ensure the hobby and the medium continues and it won’t if people are daft enough to pay a grand for a comic worth 50 quid!