Funko Pop Collector Trades 6 Rare Toys For 2 Brand New Cadillac Escalades
Collectibles, much like the car market, have gone completely insane. If you want a clear example of how these two markets have intersected their insanity to form a point of singularity that could only have happened in our current timeline. A Funko Pop collector recently traded in six of the rare toys to get two 2023 Cadillac Escaldes.
How are six toys worth two 2023 Cadillac Escalades?
Junot Ignacio posted to Instagram in late January that he was looking to sell six “Venom Freddie” Funko Pops for $240,000 or a pair (yes, a pair) of 2023 diesel Cadillac Escalades. The pair of Caddys would be worth about $160,000. In fact, According to CarScoops, he was so eager to make the trade that he offered $40,000 to anyone who could find someone to take the deal. Within a week, he posted again, saying that the six Funkos had a buyer.
What is a Funko Pop?
Funko Pops aren’t unlike Pokemon cards, Beanie Babies, or any other set of items made to be collected. Unlike other collectibles like vintage cars, guitars, or toys, Funko Pops were made to be collected and displayed. These figurines come in a million different versions. Funko Pops are commonly modeled after comic book, film, tv, and video game characters.
Are Funko Pops actually valuable?
The saying goes, “Things are only worth what someone is willing to pay.” In this case, most Funko Pops are mostly worthless. However, there are a few particularly rare and sought-after ones. These special ones can get quite pricey – so pricey, in fact, that six of them are worth more than $160k worth of Caddilacs.
The controversial collector behind the Funko Pop bounty, Junot Ignacio, owns a limo company by day and spends his nights as a Funko Pop kingpin. Only 24 of the “Venom Freddy” Funko Pops were created specifically for the 2019 Comic-Con in San Diego. This one is special because it is the Funko Pop mascot, Freddy, combined with the Marvel character, Venom. Ignacio is controversial because he decided to snag as many of these limited figures as possible, somewhat artificially raising the rarity and, in turn, the value. He ended up with 18 out of the 24.
According to another collector who spoke to Gizmodo, before Ignacio started buying the Venom Freddy, they traded between $5,000-$8,000. After amassing 18 of the rare toys, the price went up to $25,000-$30,000. CarScoops mentions that at the time of the Cadillac Escalade trade, he was asking as much as $40,000 per toy. While many collectors disapprove of his tactics, the market is clearly bearing the price.