eBay CEO Jamie Iannone is optimistic about the $10 billion collectibles business on the platform. He notes the average household has $3,000-$4,000 worth of sellable items, with only 20% online. Collectibles are diverse, from Pokémon cards to vintage clothing and classic cars. eBay’s used/refurbished market is 40% of its platform, appealing to budget-conscious consumers. The global collectibles market is projected to grow to $422.56 billion by 2030. In a record-breaking auction, a Labubu sold for $170,000, highlighting the market’s strength. Yahoo Sports will launch a dedicated hub to cover the booming collectibles market.

Read more at Yahoo Finance: We now have a giant $10 billion collectibles business