Funko Prototypes Archives - Pop Price Guide http://www.poppriceguide.com/tag/funko-prototypes/ Everything Funko Sun, 18 Dec 2022 01:22:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.poppriceguide.com/wp-content/uploads/2020/06/cropped-cropped-ppgfavicon-1-192x192-1-32x32-1.jpg Funko Prototypes Archives - Pop Price Guide http://www.poppriceguide.com/tag/funko-prototypes/ 32 32 180367954 Grading & The Future of POP Collecting https://www.poppriceguide.com/2022/12/grading-the-future-of-pop-collecting/ https://www.poppriceguide.com/2022/12/grading-the-future-of-pop-collecting/#comments Sat, 17 Dec 2022 23:56:31 +0000 https://www.poppriceguide.com/?p=16115 Funko was founded 24 years ago, in 1998 and for the first 12 years, it made mostly Bobble-heads. The Era of the POP started only in 2010 and while there were immediately collectors for both loose and boxed items, boxed was always the lion’s share (no doubt helped by the standard box size the company [...]

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Funko was founded 24 years ago, in 1998 and for the first 12 years, it made mostly Bobble-heads. The Era of the POP started only in 2010 and while there were immediately collectors for both loose and boxed items, boxed was always the lion’s share (no doubt helped by the standard box size the company uses almost always). Prototypes followed, helped a lot by the company’s annual Funday where a lot of them were given out. Customs followed as the company was not rolling out Fandoms fast enough (even if they did it faster than anybody else).

And Autographed replaced the Lobbycard as the best way of getting autographs.  They were also more versatile as they also work for sports stars, magicians, politicians, and anybody else somebody’s signature is desirable.

And now we have Graded Funko POPS, initially, only PSA and only for autographed items (and only verifying the signature) new companies joined (first the VVGS, followed a year or so later by PGS). Now PSA has started to grade all single POPs and CGC is staffing up to do the same. It is only a question of time until they offer to grade for 6 Inch, Double Packs, and some other Funko sizes.  That raises a ton of questions.  How will we at PPG measure values (see our post from yesterday)? And how much of the market will become graded POPs?

We learned from other segments such as Comics and Trading Cards that it is really only worth grading collectibles that will come back with high Grades, say 9s and 10s.  For very early or rare items lower Grades will also work. Most POPs in collectors’ hands were never played with (say different to early Hot Wheels), so a high percentage could potentially be graded that high, maybe 10% a 9 and 1% a 10?  We heard early reports of only 0.35% making it to a 10 but that is on a super small sample size.

We thought we stick our neck out there with a forecast for what this market could look like in 18-24 months  –

Please note that this chart represents units, not value.  Graded items will naturally become a much larger percentage of the value of all POPs out there.  We already see an influx of collectors and money from sneakers, comics, trading cards, and NFTs to POPs and many of those are very familiar with Grading. We forecast the current trend of ungraded high-quality, low-production-run Funko POPs to rapidly increase in value to last for maybe another 8-12 months.  Further, we believe that there will be a specialist emerging for grading Prototypes – here the grade will not be so important but authentication will be! While it is hard to verify the authenticity of a production POP in its box it is sooo much harder to do this for a Proto (some collectors only buy Protos where all owners from Day 1 are known).

And now we love to hear your thoughts!

Do you hate all of that (it will make it harder to buy certain rare POPs)? Do you think this is great? Do you disagree with our theories?

Please tell us in the comments.

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Introducing the ALL NEW Funko PROTOTYPES Database Powered by Pop Price Guide and NSNBS! https://www.poppriceguide.com/2019/08/introducing-the-all-new-funko-prototypes-database-powered-by-pop-price-guide-and-nsnbs/ https://www.poppriceguide.com/2019/08/introducing-the-all-new-funko-prototypes-database-powered-by-pop-price-guide-and-nsnbs/#comments Tue, 20 Aug 2019 00:00:00 +0000 http://localhost/wwwhobbydb/new.poppriceguide/2019/08/20/introducing-the-all-new-funko-prototypes-database-powered-by-pop-price-guide-and-nsnbs/ Turns out, new Pop! vinyl figures are not delivered by a Funko stork. Every Pop!, from Alex Azam to Disney’s Zazu gets its humble beginnings as a prototype. In an effort to build the most complete Funko database, our friends at hobbyDB (the people who power our database and marketplace) are happy to announce a [...]

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Turns out, new Pop! vinyl figures are not delivered by a Funko stork. Every Pop!, from Alex Azam to Disney’s Zazu gets its humble beginnings as a prototype.

In an effort to build the most complete Funko database, our friends at hobbyDB (the people who power our database and marketplace) are happy to announce a new partnership with the good folks at the Funko prototype Facebook community No Scrappers, No B.S.

This new endeavor is part of our mission to provide a worry-free, educational experience to help you empower your collection.

We’ll let No Scrappers, No B.S. founder Martin Morales explain it in his own words.

 

Funko Prototypes
Martin Morales

A guest post by Martin Morales.  Martin has been heavily researching protos and fakes since 2016. He is also the creator of No Scrappers, no B.S., a Funko prototype Facebook Community that helps make sure collectors stay in the know about everything protos.

Different from many toy makers, Funko gives their prototypes out to collectors, making them some of the most sought-after of Funko items. Referred to as “protos,” these rare items are given out at Fundays or social media giveaways. With Funko prototypes soaring in popularity, certain issues come up that aren’t something other toy companies have to deal with.

Funko Prototypes

Protecting Proto Collectors

Funko proto collectors follow a strict guideline also referred to as “doing the homework.” This entails tracing back the owners of the proto as far back as they can to get to Funko HQ (where they are distributed from). Since Funko distributes protos regularly, we do not accept factory rejects or scrap pieces taken from the factory as these would ruin the proto market.

Funko Prototypes

Following this guideline allows us to stay afloat despite many efforts from China factory workers to sour the market with cheap, rough and oftentimes beat up scraps known in the community as “scrappers.”

All of these factors make it a bit difficult to become a new proto collector or navigate the proto market. If you are not careful and educated, you can get burned easily.

Funko Prototypes

But then it’s worth it!

Two years ago, I started a Facebook community called No Scrappers, No B.S. The Community was built to research Funko prototypes and fakes, so we could help inform and protect proto collectors worldwide. We track and assemble albums based on releases and keep albums of scrap and mindstyle pieces. Over the years, the group has attracted the best of the best proto collectors around, including more than 15 Funko Hall of Fame members. We also now have a resource library with over 700 photos of legit pieces.

Funko Prototypes

Now we want to take our mission to the next level. To help further protect proto collectors far and wide, we’ve decided bring you educational information on collecting as well as an all new database of legitimate Funko prototypes to assist you with your homework. You can see the all-new Funko Prototype database here.

Within the database, you’ll not only have the ability to research your protos, but you’ll also be able to add items to your digital collection and wish list. You’ll also discover the Collector Showcase page where you’ll be able to easily share and show off all of the awesome items in your collection.

Funko Prototypes

Pop Price Guide will also be powering a marketplace where you can sell your prototypes. This will be heavily vetted so you can have a safe and secure place to purchase Funko prototypes. The secured marketplace will also help us with lineage as the proto owners can be listed if they are members of PPG. Pricing will be more accurate here as curators will focus ONLY on Funko prototypes with a team of highly skilled Curators.

The Funko Prototypes Database Price Guide to Come

As most proto sales happen behind closed doors, marketplaces such as eBay or Pop Price Guide are really the only places to get pricing on sold protos. However, different from PPG, eBay doesn’t have the resources to keep up with shill bids or scrappers or other junk in the marketplace. Moving forward, we’ve decided to start with a clean slate or baseline price in the prototype database. These baseline prices come from the community who shared their purchases and pricing during the planning of this database. Other baseline prices will come from community auction groups. As people start selling on Pop Price Guide those prices will also be reflected in real-time.

The goal is to create a safe and secure database and marketplace for Funko Prototypes. Pop Price Guide is providing the platform and along with a team of Curators from NSNBS, will be looking at this as the future of buying and selling Funko Prototypes.

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