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Pokémon cards are becoming a survival strategy for Aussie retailers

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Pokémon cards are becoming a survival strategy for Aussie retailers

The rising price of Pokemon products have been no secret in recent years, with some of the trading cards a lucrative side job.

And now that cards are becoming a commodity, larger companies are now following suit.

George Kozma started the multi-million dollar streetwear company Waves Never Die in 2018 from his home in Sydney’s west and has since kept her finger on the pulse of emerging trends.
Waves Never Die started in a warehouse and has transformed into a complete shopping and dessert experience.
Waves Never Die began to transform into a complete shopping and dessert experience. (included)

He started selling high-end sneakers and streetwear from brands like Supreme and Yeezy before adding coveted collectibles like Labubus and even Rhode beauty products to the mix during peak demand.

After converting a warehouse in Moorebank into a streetwear store and dessert shop, he has now set his sights on Pokémon cards, a hobby he says is “going through the roof”.

“I have 45 to 50 year old men calling me. One man asked me for 50 pack bundles.

“We’re talking about 50-year-old men who have switched from watches to Pokémon, because Pokémon has more value than a Rolex.”

“You buy a Rolex, you might turn around and fix it in a year [up to] five thousand, while you buy 50 packs worth five thousand, and you might pull out a card worth a few thousand.

“It has a gambling aspect, it’s a thrill.”

George isn’t wrong. Earlier this year, professional wrestler and YouTuber Logan Paul broke a world record after selling his Pikachu Illustrator card at auction for a whopping US$16.5 million ($23.3 million), a card considered by many to be the rarest of all time.
Logan Paul sells his Pokémon card
Logan Paul sold the PSA 10 card for more than $23 million. (Goldin)
That’s enough money to buy a harborside mansion in a luxury Sydney suburb, a garage full supercarsor, in this case, a piece of holographic cardboard covered in plastic and gold. 
Australian YouTuber Michael Anderson, better known as Unlisted Leaf, amassed more than 2.7 million subscribers and nearly 1 billion views by opening Pokémon packs and even got the chance to reveal the value of a card Paul opened in a pack that aired live on stream in 2021.

“One of the most incredible cards I ever filmed was the PSA 10 1st Edition Charizard, the same card that Logan Paul just sold for over $1 million,” he told Nine.com.au.

“I got to reveal the PSA 10 rating of that card to the owner Will years before that sale, the whole day was very surreal.”

Non-listed magazine (middle) with the PSA 10 1st edition Logan Paul Charizard.
Non-listed magazine (middle) with the PSA 10 1st edition Logan Paul Charizard. (included)
The card sold for more than $950,000.
The card sold for more than $950,000. (included)
Anderson told Nine.com.au he believes thatCOVID lockdowns and influencers like Paul who promoted the trading cards created the “perfect storm” that sent collecting to new heights.

“I’ve seen card shows evolve from small events with maybe 100 attendees to huge conventions with thousands of people walking through the doors,” he said.

That’s the story of Trading Card Show Australia founders Drei and Blair, who say their 2021 event started with 20 vendors in a small community hall in inner Sydney before becoming a national show.
Trading Card Show Australia now attracts thousands of sellers and collectors.
Trading Card Show Australia now attracts thousands of sellers and collectors. (included)
“Every show seems to break records. We’ve only done one Brisbane with over 4,500 people inside,” Blair said.

They say Pokémon cards make up “at least 80 percent” of the tables at their shows, and they’ve seen cards worth as much as $80,000 at the events.

“Retailers will always have a place in the hobby, though, especially as a place where people can just go during the week to buy and sell cards,” Blair said.

Despite being one of the few secondary retailers selling Pokémon products, George says it’s only a matter of time before his competitors jump on the trend.

Some secondary stores have started selling sealed Pokemon products for well above their retail price.
Some secondary stores have started selling sealed Pokemon products for well above their retail price. (included)
Cards for rare individuals can also fetch well over hundreds of dollars.
Rare cards can fetch well over hundreds of dollars. (included)

“Everyone’s going to start, I guarantee every secondary resale store in Australia will be selling Pokémon within the next two, three, four weeks because no one is spending money on anything else.

“Pokémon is sold out immediately, they have to go to the secondary market.

“You just have to chase what’s on sale right now,” George said.

“In this current time, it’s so tough, so we’re working harder than ever.”

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