To many, the four words “Zur En Arrh Batman” have incited frustration and agony over the last month. “Hey, it’s a Target exclusive, and those are generally easy to find, right?” WRONG. While many Target exclusives are as readily available as anything, this esoteric little number showed up very briefly, and in extremely limited quantities. Word has it from the mouth of Funko themselves that this Pop had a very short production run. Once that news hit, it was like the Loch Ness Monster divided by zero and created a universe-shifting need for this figure. Almost overnight, this Pop went from averaging around $40 a sale to nearly $100, and within another couple of weeks was steadily hitting $200. This created quite an issue here at PPG, as 1) the first few days had a boatload of sales in the lower range ($25-50), 2) the quantity of sales rapidly decreased, the combination of this resulting in the median rates, and in turn our Estimated Value, staying pretty low.
This was a bizarre situation and we’ve been fighting with the best way to handle it. We think our valuation process works really well, but in this case the figure was selling for $200+ and we still had it valued at $60…then up a bit more and a bit more, but never reaching higher than $90. To help accommodate for this and any future anomalies such as this, we’ve made a slight adjustment to the process that takes into consideration any large jumps occurring in recent history. Because this is a new process, we’ll be keeping a close eye on it for a while to ensure it’s producing the best possible information we can give you.
Thanks to those of you who inquired about the valuation differences on this Pop and getting the gears turning a little faster.