You can do a lot with 10k, and to many people, 10k is a lot. However, 10k is not a lot to everyone.
@rainbow articulates this point extremely well and clearly (Putting $10,000 into Perspective - #36 by rainbow).
I would hazard a guess that the draw for many serious long-term collectors has been a passion for the franchise, often stemming from their youth. People are very attached to their nostalgia, so it’s quite easy to capitalise on and drive prices around it. That brings in the financially incentivised, and is kind of why we are where we are now. I’ve said it before, but whilst many people populating this forum don’t care for the big sales numbers, the average person is attracted predominantly by the big number, especially those who have no affiliation with the hobby or care for Pokemon. Any relative or friend I speak to about the hobby, their queries are always financially focused.
I see a lot of newer entrants into the hobby nowadays referring to cards as “children’s cardboard”, which during the initial stages was true. However, the IP has grown from its roots, and while there are products catering to different age demographics, I wouldn’t say cards are specifically catering to kids anymore. A lot of people view animation as “for children”, yet that does not make it so, nor does it change the actual consumer-base for the product.
Multiple thousands is crazy when juxtaposed with the average person’s wage and living expenses. Most of my friends are not in a position to take holidays, let alone purchase six, five, or even four-figure collectibles. Hell, some struggle to pay for car repairs, fix windows, or purchase groceries. However, there are still people who don’t have to be so scrupulous with their spending.
I think people severely underestimate the amount of wealth in the world. Many people, including myself, are surprised by investment firms not jumping in sooner because many of them could achieve buyouts and have a monopoly over certain cards for what would be a drop in the ocean for them. I’m not saying everything should go to the moon or that things aren’t overpriced. For many cards, I do believe they’ve exceeded expectations (and sometimes reason), but there’s a lot of money, a lot of people, and a lot of interest. Regardless of where that interest comes from, that’s a recipe for a strong market.
I don’t really keep tabs on financial reports, but even doing a cursory search, there are an alleged “384k millionaires, including 818 centi-millionaires and 66 billionaires” in New York City alone. “The Bay Area, Which includes the city of San Franciso and Silicon Valley, follows closely with 342,400 millionaires, including 756 centi-millionaires and the nation’s highest concentration of billionaires at 82.”
(USA Wealth Report 2025 | Press Release | Henley & Partners).
I’ll also attach this here.