If you have kidsor have to buy gifts for any kids, theres a good chance youre familiar with Funko Pops.
The toys aresmall bobblehead-esque figurines of popular characters such as Luke Skywalker and Superman thatare sold around the world at various stores such asTarget CorpTGT and GameStop Corp GME .
Rare Funko Pops can also be foundon secondary markets such asStockX. The site currently has a Dragonball Z Funko Poplisted for more than $2,000. According to the website, theres a 15,900% price premium associated with the toys listing price.
See Also:Looking Into Funko's Recent Short Interest
And no, its not just a crazy asking price and no one would pay that much situation.
In fact, the current listprice of $2,400 is actually well below the average sale price of that specific figure, which is $3,849. Granted, there have been only three sales on this particular Funko Pop, so its not the most liquid market ever.
If youre getting flashbacks to the Beanie Baby craze of the '90s, youre not the only one. Like with Beanie Babies, fans of Funko Pops often try and collect as many of the thousands of different options as possible.
But, as the Federal Reserve continues to ramp up interest rates, it could limit the demand of people who are buying Funko Pops as investments.
There is a bright side to the state of the economy – the Funko Pop market is about to Beanie Baby. pic.twitter.com/8RAFRfHJZn Power Nelson (@PowerNelsonVT) December 12, 2022
Funko Inc.'s FNKO stock was cut in half in early November following a poor earnings report. The stock is currently trading around $10, but could potentially be a beneficiary of the holiday season.
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