The economic data looks pretty good right now, but I got my eye on the delinquency rates on credit cards.
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I will say the past three months my ebay sales have been steadily climbing as well.
Not anywhere near earlier this year or same period last year… it that’s better than declining or nothing.
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It has not be climbing as rapidly as it had been in the last decade or so. However, there are preliminary signs that the climb would be resuming soon, led by key desirable pieces such as this one from the Wolverine Limited Series by Frank Miller and Joe Rubinstein which has hit $111k
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This post isn’t a dig at all and I’m very sympathetic to all businesses and the folks who run them.
I just read a post from Frankie’s Comics that they are doing very poorly and will be filing for Chapter 11 bankruptcy. I feel like they were one of “the” poster child type business that went bonkers during the variant hype/Covid craze. So many comic companies that created (at least in my opinion) their business models on new books/variants/hype and we all sort of knew it couldn’t maintain itself
Again, I wish nothing but the best for them. The owner seems like a genuinely nice fellow. I bought some books myself from them and they always did well by me.
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The estimated assets is chuckle-worthy.
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They pre-selling January exclusives from Ivan Tao, but they can’t pay him. They going to catch a lot of flack for that.
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Sign of the times. Some artists may have to do actual comic book work rather than exclusive covers.
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didnt they go thru golden apples and or comic mint for their books ?
And, doesn’t that Hoknes fellow have a history in the industry?
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I bought an exclusive directly from Jeehyung lee’s site because I like his artwork and wanted to get the book , it finally comes in and theres a Frankie’s comics logo right on the back which annoyed me cause I thought I was buying directly from the artist not a store exclusive
That’s actually Hoknes Comics advertising from when I did videos with him years ago. Didn’t know it was on there. Please send me the link.
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Pretty simple anyone spending $30,000+ on Titan comics will go out of buisness.
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Nothing personal against him, but I just can’t get through one of his YouTube shows…
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I find it hard to believe it will be “business as usual” after the bankruptcy. PRH, Lunar, Titan, and Diamond aren’t going to ship them more books after being named as unsecured creditors in a bankruptcy.
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He used to have a blog, but also was doing Hoknes comics, where he sold variants. Frankie’s grew out of Hoknes USA, which was its original name. There was financial troubles with Hoknes and he ended up owing Diamond a lot of money. Hoknes USA folded because it ended up owing Diamond a lot of money. Terry and I used to do videos together but he sold all his comics and got out of comics because of the money troubles. And that is the full story.
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CBSI was running all kinds of articles by him over the past couple years. Was this just old content being repurposed? It implied he was still collecting on some level.
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He started getting back into it recently. A lot of what CBSI was running was new reports based off old data collection he had done previously and most of it is available for sale on his website. I know he did a Hoknes variant recently but cannot tell you what book it was. He asked if I wanted to do weekly videos again and I just don’t have the time to do them like I used to.
He was buying comics off eBay, and figured it was cheaper to have them shipped to someone in the states to bull package them and then ship them to me. I was doing it for a while but too many packages were coming in and I didn’t have the space to store tons of purchases for another person. Not to mention I would have no way of knowing what was ordered as I didn’t open them and inspect them. Then he asked me to open them all and ship them to him (medium moving boxes from Home Depot). He then figured the shipping was still too expensive so had me ship them to someone else to sell for him.
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