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Gotta buy ’em all: how Pokémon card collecting became race against scalpers

Fans trying to access latest releases are being priced out in a cut-throat market driven by crypto-like hype The runaway demand for Pokemon cards is because they are being hyped “like crypto”, according to one young fan who had spent the night queueing outside a London store to make sure he did not miss out on the latest card release. Before its 10am opening on Friday, the line outside the pop…

Gotta buy ’em all: how Pokémon card collecting became race against scalpers

The feverish demand for Pokémon cards has transformed into a race for acquiring them, primarily due to hype akin to the cryptocurrency market, according to a young fan. Kai, a 25-year-old Pokémon enthusiast, recounted queuing for over six hours outside a London store to secure the latest card release before its 10 am opening. The line stretched past five other queues, with Kai suggesting that a near fifty-fifty split of fans and resellers awaited inside.

Kai blamed the surge in reselling and scalping on the growing interest from the crypto community in Pokémon, leading to a dramatic increase in card prices. The popular Forbidden Planet store in London enforces a policy of selling only one high-demand product per customer, and opened boxes cannot be resold as new, which deters some resellers.

Kai also mentioned that the queue was calmer compared to other stores, and security staff seemed more accommodating. Many determined buyers were seen hopping from store to store on e-bikes, while others employed tactics like changing clothes or paying with cash to circumvent purchase limits. Some retailers, like Argos, sell cards exclusively online, while Amazon employs an invite-only system to combat bot scalpers.

Despite Pokémon producing about 10 billion cards annually, the demand has far exceeded the supply, resulting in a challenging buying experience for fans and parents alike. Calvin Innes, a pop culture strategist, explained that while some products are more accessible, the overall buying process has become quite unpleasant due to the hard supply limitations.

Parents are seeking advice on how to purchase cards for their children and are advised to buy single packs from trusted sources like Cardmarket or eBay UK.

Written by urgent.news from Guardian Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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