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Map Around it Collector market

Who is spending

The collector market: value TPC creates but does not capture

Since late 2024, new sets open above their list price, driven by adults who mostly collect. The 2026 fall is normal cooling. None of the premium reaches TPC.

Key figure
$954,800
Price paid at auction in February 2026 for a First Edition Charizard card graded in perfect condition.

FiledReportedEstimate — tap any mark for the source and assumptions

On this page5 parts
  1. A market above list
  2. The fall is normal
  3. Japan runs its own clock
  4. Who pays, and where it trades
  5. None of it is TPC’s revenue

New English booster boxes of Pokémon cards now open above their list price. The 2025 sets opened at a median 1.52× of list in their release month, against 0.64× for the 2023 sets, on our index of TCGplayer market prices. The fall in 2026 that made headlines is the ordinary cooling of sets that open high, and it left them above list. The buyer behind the change is an adult who mostly collects. And none of the premium reaches The Pokémon Company: it sells at list, and everything above list is earned by shops, resellers and marketplaces.

Every price on this page is a marketplace or vendor reading, not a sale TPC books. The grade marks say which are filed, reported or our estimates.

A market above list

The index divides each box’s month-end market price by its list price. Read across cohorts, it shows something no other layer of the card business does: resale is the one layer whose trough fell below the boom before it. The 2023 sets opened at 85% of the 2021–22 sets’ level, below list and below where the pandemic boom had started; the 2025 sets then opened 2.4× higher than 2023’s. Print, by contrast, has stayed far above its pre-boom level throughout (see Trading cards).

Fig. 1

Resale fell below its last boom in 2023, then opened 2.4× higher

English booster-box market price in the release month, as a multiple of list price, median of each year’s sets. The 2026 bars are estimates on a different price basis.

  • Median of the year’s sets, release month
  • 2026 sets, estimate
Tap a row to read its valuesMedian–2026 estimate–

The medians rest on few sets: five in 2021–22, four in 2023, three in 2024 and only two in 2025. Open “Show the numbers” for each.

Built from and .
Show the numbers
SetsMedian of the year’s sets, release month, × list2026 sets, estimate, × listSource
2021–22 sets –
2023 sets –
2024 sets –
2025 sets –
Chaos Rising, 2026 –
Pitch Black, 2026 –

Median of the year’s sets, release month. Month-end TCGplayer market price of a booster box in its release month, divided by the list price of the day ($143.64 to 2022, $161.64 from Scarlet & Violet). 2021–22 has five sets, 2023 four, 2024 three, 2025 only two. 1× is list price.

2026 sets, estimate. Midpoints of eBay sold ranges reported by ICv2, divided by $161.64: a different price basis (3% below to 9% above TCGplayer on matched products) and a launch-week peak.

How a box ages after release has changed too. The 2021–23 sets opened below list and stayed there for months. The 2024 sets opened at 0.67× and stood at 1.16× six months later, the first cohort on file to rise after release rather than drift. Older sets show where that can lead: Evolving Skies closed its release month in 2021 at $185, about 1.3 times its list, and sells for $2,183 today.

Fig. 2

The 2024 sets were the first to climb after release

Booster-box market price as a multiple of list price, by months after release, median of each year’s sets. 1× is list price.

  • 2021–22 sets
  • 2023 sets
  • 2024 sets
  • 2025 sets
  • Estimate
Tap the chart to read its values2021–22 sets–2023 sets–2024 sets–2025 sets–

Older sets sat at or below list. The 2024 sets climbed above it within six months, and the 2025 sets started above it.

Built from .
Show the numbers
Months after release2021–22 sets, × list2023 sets, × list2024 sets, × list2025 sets, × listSource
Release
1
2 ––––
3 –
4 ––––
5 ––––
6 ––

2021–22 sets. Median of five sets (Evolving Skies, Fusion Strike, Brilliant Stars, Lost Origin, Silver Tempest); four at six months. 1× is list price.

2023 sets. Median of four sets; three at one month. No six-month reading on file.

2024 sets. Median of three sets. They opened below list and were above it by six months.

2025 sets. Median of only two sets (Journey Together, Destined Rivals), so indicative.

The fall is normal

Sets that open above list fall. The four English sets on file that did so dropped a median 36% from their launch peak. That base rate rests on four sets, all from 2021 and 2025, so it is a guide, not a law. The two 2026 sets fell 18–26% on eBay sold prices, inside that range, and still sell above the shelf price.

Fig. 3

The 2026 sets cooled, but stayed above list

How far US resale prices sit above the shelf price for two 2026 sets, at release and later. eBay sold prices reported by ICv2.

  • At release
  • Late August 2026
Tap a row to read its valuesAt release–Late August–

The resale premium more than halved, but it did not go away.

Built from and .
Show the numbers
ProductAt release, % above listLate August 2026, % above listSource
Chaos Rising booster box
Pitch Black booster box
Elite Trainer Box

At release. eBay sales reported by ICv2 against shelf prices of $161.64 a box and $49.99 an Elite Trainer Box. The release-month date is approximate; premiums are our calculation from rounded prices.

Late August 2026. Only two sets are covered.

Singles cooled with sealed product. Between 20 July and 9 October 2026 the chase cards that lead TCGplayer’s dollar rankings fell between 20% and 45% in market price.

Japan runs its own clock

Japan’s market moves on its own, and its readings are rougher: flea-market price estimates from one tracker, not observed sales. Japanese boxes from 2024 traded at 0.74× of list three months after release, while the 2025 sets held well above it. In April 2026 every older Japanese box measured jumped in a single month; by autumn the back catalogue had eased from 3.15× to 2.78× list. The cause of the jump is not established, and it is a single-source series.

The first set at the new ¥200 pack price, Abyss Eye, opened at 2.42× list and stood at 1.37× five months later. At list, demand still outruns supply: Storm Emeralda, in July 2026, went out by lottery at Pokémon Center and with a ten-pack cap at Lawson.

Fig. 4

Japanese sets do not move together

Japanese box price as a multiple of list price, by months after release, median of each year’s sets. Flea-market estimates. Dashed: a single 2026 set, estimate.

  • 2023 sets
  • 2024 sets
  • 2025 sets
  • Abyss Eye, 2026 (a single set, estimate)
  • Estimate
Tap the chart to read its values2023 sets–2024 sets–2025 sets–Abyss Eye–

The 2024 sets fell below list, while the 2025 sets held their premium.

Built from and .
Show the numbers
Months after release2023 sets, × list2024 sets, × list2025 sets, × listAbyss Eye, 2026 (a single set, estimate), × listSource
Release
1
2 –––
3
4 –––
5 –––
6 –
7 ––––
8 ––––
9 ––––
10 ––––
11 ––––
12 ––

2023 sets. Median of six sets. Box prices are flea-market estimates from PRICE BASE, not observed sales. 1× is list price.

2024 sets. Median of five sets; they rose again by twelve months.

2025 sets. Median of six sets. The twelve-month reading is left out because it falls inside the April 2026 price jump.

Abyss Eye, 2026 (a single set, estimate). The first ¥200-a-pack set, against its ¥6,000 list price, May to October 2026.

Who pays, and where it trades

The buyer behind the new regime is an adult. In the United States, Circana found that nearly one adult in five had bought Pokémon cards “for themselves in the past six months”, and that only a quarter of them play. That is about 3 buyers who do not play for every adult who does, on one survey that leaves out adults buying for children. Collectors set the top of the market: in recent English sets the median top-rarity card sells for over a hundred times a common.

No marketplace reports Pokémon sales in dollars, but they describe the same surge and now its slowing. eBay told investors its Pokémon card sales grew by triple digits for three quarters in 2025, then “Pokemon decelerated as expected due to tougher year-over-year comparisons”; by early 2026 sports cards contributed more to its growth. On TCGplayer, Pokémon ranked second to Magic by value of sales at the end of 2025. Graders are still expanding: the industry graded a record 3.61m cards in July 2026, and PSA has committed $200m more to capacity.

Fig. 5

A set’s value sits in its rarest cards

Median market price of a set’s top-rarity cards, as a multiple of the median common card in the same set, 1 November 2026. Vendor prices.

Tap a row to read its valuesTop rarity ÷ common–

In each of these sets, the rarest cards sell for over a hundred times a common.

Built from .
Show the numbers
SetTop-rarity card, median, over a common card, median, × a commonSource
Scarlet & Violet 151
Mega Evolution
Prismatic Evolutions
Surging Sparks
Paldea Evolved

Top-rarity card, median, over a common card, median. TCGplayer market prices on 1 November 2026, base finish. Commons sell for 11–16 cents. On the highest-variant finish the ratios roughly halve, because the commons cost more.

None of it is TPC’s revenue

Resale is not TPC’s money, and it should never be added to it. TPC sells at list in its own Pokémon Center stores, answers shortages with more printing, never a higher price, and rations only in its own channel. Every step after it charges more: a discount online hobby shop listed a 2026 box at about a fifth above list, GameStop shelved boxes at about half above, and the year’s new boxes opened on eBay at about one and a half times list. Marketplaces then take 13.25% on eBay and 10.75% plus a transaction fee on TCGplayer. A box bought at list and resold on eBay netted its seller 25% to 32% of list at the 2026 launches, before shipping, on our estimate.

Fig. 6

The premium is charged after TPC

Price of a booster box as a multiple of list price, by where it is bought, late 2025 and 2026. Shop asking prices and eBay sold prices.

  • TPC’s own store
  • Shops
  • Resale, range
Tap a row to read its valuesTPC–Shops–Resale–

TPC sells at list. Every step after it charges more, and the resale price can fall below a shop’s.

Built from .
Show the numbers
Where it is boughtTPC’s own store, × listShops, × listResale, range, × listSource
Pokémon Center (TPC’s own) ––
A discount online hobby shop ––
GameStop shelf, 2025–26 ––
eBay, 2026 sets at launch –– (1.45–1.52)
eBay, 2026 sets by late August –– (1.13–1.24)

TPC’s own store. TPC sells at list in its own Pokémon Center stores and online.

Shops. Asking prices against the $161.64 list: GameStop’s booster display in November 2025 and March 2026; Miniature Market’s Pitch Black preorder in October 2026. Shops set these themselves.

Resale, range. Booster boxes of Chaos Rising and Pitch Black: eBay sold prices reported by ICv2, against the $161.64 list.

How big is resale in total? Nobody knows. No marketplace splits Pokémon out, and our model, $1.3–4.1bn a year worldwide, multiplies two assumed shares. A range that wide is an illustration, not a size, and it is not quoted elsewhere on this site as one.

The records

26 numbers on this page, in the order they appear: 1 filed, 8 reported and 17 estimates. Open any grade for its source.

NumberWhat it isSourceGrade
1.52×English 2025 sets, release-month price over list, median, vendor indexcohorts SWSH 2021-22 / SV 2023 / SV 2024 / SV 2025Our calculation
0.64×English 2023 sets, release-month price over list, median, vendor indexcohorts SWSH 2021-22 / SV 2023 / SV 2024 / SV 2025Our calculation
85%2023 cohort opening ratio as a share of the 2021–22 cohort’s, estimate2021–2025Our calculation
2.4×2025 cohort opening ratio over the 2023 cohort’s, estimate2021–2025Our calculation
0.67×English 2024 sets, release month, over list, mediancohorts SWSH 2021-22 / SV 2023 / SV 2024 / SV 2025Our calculation
1.16×English 2024 sets, six months after release, over list, mediancohorts SWSH 2021-22 / SV 2023 / SV 2024 / SV 2025Our calculation
$185Evolving Skies booster box, month-end market price, August 2021August 2021 (Month End)ICv2
$2,183Evolving Skies booster box, current ungraded price, October 2026, vendorOct 2026PriceCharting
36%Median fall from launch peak, English sets that opened above list, estimate2021-2026Our calculation
18–26%Fall in 2026 sets from launch peak, eBay sold prices, estimate2021-2026Our calculation
20%Fall in TCGplayer market price, Mega Charizard X ex, 20 July to 9 October 2026June 2026 to September 2026Our calculation
45%Fall in TCGplayer market price, Mega Greninja ex, 20 July to 9 October 2026June 2026 to September 2026Our calculation
0.74×Japanese 2024 boxes at three months, over list, median, estimatecohorts 2023 / 2024 / 2025Our calculation
3.15×Japanese back-catalogue boxes over list, 2026 peak, median, estimateMar-Oct 2026Our calculation
2.78×Japanese back-catalogue boxes over list, autumn 2026, median, estimateMar-Oct 2026Our calculation
¥200Japanese expansion pack from May 2026, tax includedannounced 30 January 2026; releases from May 2026ポケモンカードゲーム公式サイト (株式会社ポケモン)
2.42×Abyss Eye box price over list, release month, estimateMay 2026 to October 2026Our calculation
1.37×Abyss Eye box price over list, five months after release, estimateMay 2026 to October 2026Our calculation
3Non-playing adult buyers per adult player, estimate from one surveySep 2024–Mar 2025Our calculation
3.61mCards graded across graders, July 2026, reportedJul 2026GemRate
$200mPSA additional investment over 18 months, announced May 2026announced 14 May 2026Sports Collectors Daily
13.25%eBay final value fee on collectible card gamesfrom 14 February 2025eBay Seller Center
10.75%TCGplayer commission, level 1–4 sellers, before transaction feecurrent scheduleTCGplayer (eBay Inc.)
25%Reseller net gain on a list-bought box after eBay’s fee, 2026 launches, low end, estimatefee schedules read Oct-Nov 2026; resale ratios May-Aug 2026Our calculation
32%Reseller net gain on a list-bought box after eBay’s fee, 2026 launches, high end, estimatefee schedules read Oct-Nov 2026; resale ratios May-Aug 2026Our calculation
$1.3–4.1bnPokémon secondary market, illustrative model2025-26 run-rateOur calculation