fbpx CGC Comics SOLD to Blackstone, HEDGE FUND SHENANIGANS?? Bought $500 Million for CCG Collectibles - Comicsgate.org

CGC Comics SOLD to Blackstone, HEDGE FUND SHENANIGANS?? Bought $500 Million for CCG Collectibles

by 07.06.2021

Blackstone is an investment firm, it’s a hedge fund. They invest their client’s money, to beat the market, to hedge their bets against market changes. Will they be around for the long-term, or is this a short-term play? If so, this could be the end for CGC and CCG as we know it. It could result in inflation. Reminds Nick of the sports card trading stock around ’03 or ’04.

Comics, sports cards, MTG and pokemon cards are all big business. Certified collectibles requires trust and accountability.

Up until about a year and a half ago, there was no real market movement on the price of these collectibles, so what’s changed? As speculators, and investors, it’s our job to keep these companies honest, especially given the size of this new leviathan.

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Sources:
https://www.cgccomics.com/news/article/9254/
https://www.cgccomics.com/news/article/9253/
https://www.comicbookmovie.com/comics/jay-zs-investment-group-buys-comic-book-grading-company-cgc-a186128#gs.562j6h
https://www.pojo.com/are-cgc-graded-pokemon-cards-catching-on/
https://en.wikipedia.org/wiki/Michael_G._Rubin
https://heroichollywood.com/x-men-marvel-issue-record/

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