The Death of Wolverine has gone over exceedingly well – or at least it has in my shop. Putting aside sales numbers (which were apparently great), the event has garnered quite a bit of attention in the medium and the shop in general. After putting a few copies in the window, we get a steady flow of people who either haven’t read comics or haven’t read comics in years walking into the store, wondering what’s going on – and as any retailer will tell you, getting people through the door is often half the battle. Local news affiliates stopped by the store to interview me about the Wolverine statue that folks are pushing to erect in the city in the wake of the runt’s impending death, which has garnered a few more drop ins. And a bonus? The story has been pretty great and has featured quite a bit of reader retention. I mean, the first three issues could have been terrible, and a certain amount of people would have stuck out to the bitter end, but quality books are far easier to sell, and ease is always appreciated. In the end, I should have no problem burning through the hefty order I placed, which is a calming notion. Unfortunately, the whole thing seems to have awakened more speculators, which is really sticking in my craw.
First things first: I would never begrudge a person who wants to make money off of their comic purchases. Doing so would be blindingly hypocritical coming from a man who puts food in his mouth by doing the same thing on a bulk-purchase scale. If you want to buy several copies of Harley Quinn a month and sell a few of them on the internet for a few extra scheckles, go right ahead! Go forth and reap those rewards. My problem comes up when the speculative market starts to overwhelm the reading market, creating shuddering blips in supply and demand that end up distorting the value of comics, perceived or otherwise. That’s when things get dangerous, and we’re getting closer and closer to the tipping point with each and every event these days.
When most people think of speculation, they think of the decadent excess of the 90s, when retailers were purchasing comics by the pallet and customers were buying them buy the case. Despite the fact that the industry was drowning in product, there was the idea that certain comics were going to be worth money, based off of past performance. Pouncing on this, comic companies did everything and anything they could do to get some quick, easy money. Multiple covers were produced, holograms and foil and glow-in-the-dark inks were introduced into the printing process, and everyone generally went crazy manufacturing inflated demand for a large supply, never stopping to scale back and look at the quality and contents of what was being sold. In the end, the basic retail forces of proper supply and demand reasserted themselves. Things crashed, and crashed hard.
Our current market is a reflection of what happened in the nineties, both in terms of its’ current shape, and the effect that speculation is having on it today. While I feel as though the quality of the product has never been higher in terms of storytelling and paper stock, quantities are nowhere near what the industry was shifting even just a decades ago. Some of that is due to the general attrition that has come to once strong mediums like radio, television, music and movies, but a good deal of it emerged from the sense of worth that comics have been stuck with since the speculative bubble popped. Not only were people purchasing comics by the handful expecting to make a mint, people were buying $2 comics for wildly inflated prices. Both parties have been unhappy to learn that their investments have largely not paid off. Every single day, I get at least one call from someone hoping to unload a collection of “really old comics” on me for stacks of cash, and almost every single day, I have to inform said parties that their piles of comics are worth next to nothing. Whether I’m telling them that they won’t see a large return on their bulk purchase, or that they spent $20 on a book that is only worth cover price, the fact remains: I am telling them that their comics are worthless. Most eventually take that bit of information and simplify it to “comics are worthless”. A person with that idea floating around in their head certainly isn’t predisposed to discovering or rediscovering the medium – and that’s a huge problem that the boom left the current industry with.
Compounding this is the fact that bulk speculation still occurs today. There are still people out there buying piles of The Walking Dead and Harley Quinn in hopes that they will be turning a profit on said books in the near or far future. Hell, there are retailers who purchase copies of books and deliberately short stack the shelves and keep stacks of books in their back room, all in the hopes of getting more cash at a later date. While I can’t really blame anyone for doing this, or making money off of a book when demand is tight and supply is high, it always puts a deep dark pit in my stomach. Playing with or deliberately creating blips in supply or manufacturing and manipulating demand never ends well. It’s dynamite in the short term, but it can not be relied upon in the long term, and it is often irreparably damaging. You can take a look at any economy that has toyed with building and manipulating supply and demand for profit and see the effects. The short term is always wonderful, but the long term? The long term is often nightmarish. And sure, everyone and everything can and often will recover, but not without incurring loss. The comic industry has been through such a period once. It’s threatening to do it again, as multiple covers and gimmicks sweep through the culture again, everyone searching for the quick dollar and the easy sell.
I’m not going to pretend like I’m not a part of this: I ordered far more Death of Wolverine than I could sell to readers. I did this, because I knew that speculators would want to get their hands on some copies, and that some would want multiples. I knew that these same speculators would look at the variants offered, and place down extra money to procure them. I increased my orders because I knew that ordering less would leave my readers high and dry. They’d be waiting for second printings while other people slid their copies in bags, never intending to read them or return to the store. I would damage my relationship with my regular customers for those with temporary deep pockets. In such a situation, I am damned if I do place a big order, because I’m enabling something that will clearly not end well, or I am damned if I don’t, because my regular customers will suffer. In the end, I try to do my best to make sure that my regulars are served, and leave the rest to be what it will be. That’s all I really can do.
Now, to really illustrate my outlook on this, I want to share with you a recent encounter I had at the store. A man walked in, looking to purchase any and all of the Death of Wolverine #1 variants that we had. One of everything. I gladly did this, and offered him a discount, because he was dropping a sizeable wad of cash on what was essentially the same book reprinted however-many-times-over. Four weeks later, the man returns to buy all of the Death of Wolverine #3 variants. A note: he did not come to the store to grab our #2s. He was just hitting the store as it was the most convenient place for him at the moment. After purchasing the books, he asked if there was a way we could offer him a discount of some kind for whenever he came through the door. I asked if he would be interested in grabbing issue four and it’s various covers from us. He said he didn’t know, because he wasn’t sure where he’d be. I let him know that we give discounts to people who subscribe to or pre-order certain series, because it helps us know what to order. He then said, (and this is word for word), “So even though I’ve spent more in your store in one month than some of these guys spend all year, you won’t give me a discount?”
Now, I never said I wouldn’t give him a discount, but at that point, his voice was getting sharp and irritated, and I was in no mood. He was essentially asking me what I valued more: his admittedly arbitrary patronage (a further note: I had never seen this man before in my eight years of working at the store) or someone who came in week after week, month after month, and kept us in business. I kindly informed him that discounts were reserved for regular customers, at which point, he stormed out of the establishment. I doubt I will see him again. That said, I really doubt I was going to see him before or after October 15th when the final issue hit, and he purchased that last of the run. At the end of the day, I’m not losing sleep over that one – and I have the added bonus that the copies he was going to procure will probably end up in the hands of someone who will come back.
In the end, that’s all a store can do. People will always come in and do as they will – the only thing you can control is the way you act and react to them. As a retailer, you will never be able to stop speculation – but you can do everything in your power to temper the effects. Make sure that above all else, you are serving your regulars, and that you have the product and mindfulness to keep pushing to make more people come into and return to your store. The easiest way to do this? Don’t speculate yourself. Purchase to match demand as well as you can, and when you don’t, resist the urge to mark up your final copies. There’s a reason why the comic companies priced the comic the way they did: that’s what they believe the contents within are worth. $3, $3.50, $4… that’s the real monetary worth of a comic, and anyone who says otherwise is a liar. Be good in your ordering, be great to your customers, and reward those who are good to you in return. If enough retailers do this, the industry shouldn’t have trouble moving forward.
[Brandon Schatz has been working behind the comic book counter for eight years. He’s spent the past four as the manager of Wizard’s Comics and Collectibles in Edmonton, Alberta. In his spare time, he writes about the comics he likes over at Comics! The Blog. You can find him on twitter @soupytoasterson. The opinions expressed are those of Schatz and do not necessarily reflect those of The Beat.]
Brandon Schatz and Danica LeBlanc are the owners of Variant Edition Comics + Culture located in Edmonton, Alberta. They specialize in matching people with the comics and books they never knew they wanted. In their spare time, they write articles and produce podcasts at Submetropolitan.com