First of all here’s a nice video giving a basic rundown of the first big speculator era back in the 90s.
It was a glorious time for a while. Comics published a day or two ago would be hitting 50 quid and higher by the weekend. Massive amounts of money was spent by speculators and dealers, while publishers pumped out masses and masses of shite, much of it being utterly unreadable.Market went BOOM and overnight dealers and companies were dropping like flies.
Fast forward to 2021 and the market now is bloated with variant covers not to mention speculators pushing the prices of comics to the level where they’re unaffordable to most people. At least in the 90’s a ‘key book; would be expensive but you didn’t have to have a Swiss bank account to look at one. Added to the horror of slabbing comics it means vitally important, major comics will never, ever be read which destroys the purpose of what a comic is. It is to be read, and if you want, collected so you can read it again.
A mix of the Covid pandemic, a lack of conventions/marts and Youtube channels like Comictom101 are pushing this agenda at the expense of the medium. Speculation doesn’t help grow the medium or improve the quality of mainstream comics, or stop creators writing purely for their Netflix deal. It just creates a bubble and that bubble is unsustainable for collectors which is going to be dismal for the industry overall. But yet the bubble grows.
What worries me is the POP when the bubble bursts.The industry as a whole for your mainstream Marvel/DC title is not anywhere near as secure as the 90s, nor are there the same quality of creators, especially now Substack has signed consistantly selling Big Two creators leaving Marvel and DC with not an awful lot. So we shall see, but I dread the worst in a few years time once superhero fatigue kicks in.