media company cartoon studios (before, cool brands) announced a “near instant complete” sale of more than 8,000 Stan Lee digital collectibles for $120,000 in proceeds.
On July 24, the company saying that, through its association with the see market, he saw these collectibles flying off the shelves.
Stan Lee, working too Wonderful writer/artists, notably Jack Kirby and Steve Ditko, produced some of the world’s most popular characters. Some of his brain children include the Hulk, Iron Man, Spider-Man, Thor, the X-Men and Black Panther, and many others.
The ‘Celebrating Stan Lee’ collection features four digital collectibles created in the Chibi style, a popular cartoon style originating in Japan and commonly seen in anime and manga.
Collection includes: The Amazing Stan Lee (2,922 issues, rare), The King of Cameos (Lee was known for his cameos; 2,400 issues, rare), Excelsior! (his famous comic book signature of him; 1,922 issues, ultra rare) and ‘Nuff Said! (one of the distinctive expressions of him; 1,050 editions, rare secret).
The price shoots up at least 240%
According for VeVe, 8,294 NFTs were available for sale, each with a list price of $15, meaning the drop generated $120,000 in net proceeds.
By Monday, they were up at least 500%, Bloomberg reportedwith the cheapest collectible selling for $81 and the most expensive for $749.
On Tuesday morning (CET), by VeVe Setlist, the cheapest available for sale, The King of Chameos, is up 240% to $51 (down 9% in one day), while the most expensive, ‘Nuff Said!, jumped almost 5000% to $755.
Excelsior! it was $98 (down 10% in 24 hours) and The Amazing Stan was selling for just under $84.
VeVe said a 2.5% secondary market fee would be added to all sales.
Lloyd Mintz, Senior Vice President of Global Consumer Products at Kartoon Studios said that,
“That there was a sellout, and the fact that it was almost instantaneous is a very strong indicator of the extraordinary passion that fans have for Stan Lee, and where we see the future of the Stan Lee brand.”
David Yu, CEO of VeVe Digital Collectibles, described the sale as “a major turning point in the digital collectibles market.”
Kartoon Studios, along with POW! Entertainmentowns the global rights to the name, physical appearance, voice, signature, etc. by Stan Lee.
He is currently involved in the Stan Lee Centennial campaign, which celebrates his 100th birthday and is the first phase of a “much larger” Stan Lee Universe program.
Meanwhile, this wasn’t the first time that the sale of Stan Lee-related NFTs had ended quickly: in December 2021, the first installment of the Chakraverse NFT collection, based on the superhero ‘Chakra The Invincible’, sold out. in 51 seconds. A day later, the second batch sold out in 49 seconds.
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