A few of the rare comics owned by Dubsy. Pawan Singh / The National
A few of the rare comics owned by Dubsy. Pawan Singh / The National
A few of the rare comics owned by Dubsy. Pawan Singh / The National
A few of the rare comics owned by Dubsy. Pawan Singh / The National

A beginner's guide to the world of pop culture collectables


Dubsy ‎
  • English
  • Arabic

It is the summer of 2020 and Covid pandemic lockdowns are in full swing around the world.

In my decades of collecting comic books and other collectables, I have never seen such a surge in this previously niche market, far exceeding the growth rate of any other asset class.

Some would compare it with the cryptocurrency and non-fungible token markets but, in reality, it couldn't be any more different.

Due to millions of individuals stranded at home with nothing to do other than consume media, shop online and even start trading, a new interest in pop culture collecting emerged.

Countless thousands of new collectors and investors started exploring alternative asset classes with their sights set on the collectables market. Now, the collectables market could be considered mainstream.

What are pop culture collectables?

A general definition of a collectable is objects that are desirable, have a perceived value to others and are limited in quantity.

Investors acquire collectables in the hope that the value increases over time, as well as adding a sort of “coolness” associated with owning them; a prized possession.

Just like a piece of fine art displayed at home or the limited-edition watch on your wrist, a pop culture collectable has more bearing to the modern era of what we associate with popular culture from our childhood.

Think of a film you fell in love with during your youth; a musical, rock ‘n’ roll band, perhaps a sports team.

We associate those feelings of nostalgia, our memories of growing up, to those euphoric experiences.

People who grew up in the 1990s, the heyday of modern pop culture, who are now in their 30s and 40s and with disposable incomes, want to relive those memories.

Collecting everything from action figures, comics, trading cards, VHS tapes and more, the choices are endless.

Record prices never seen before

For me, pop culture collecting has been a decades-long endeavour and I have seen some of those markets mature into established ones akin to coin and art collecting.

Comic books was a niche collecting hobby that started in the 1970s.

Today, after the advent of CGC grading (a third-party grading service) and the Marvel Cinematic Universe, the comic book industry turned over $23 million in the month of October alone, according to GPAnalysis.

In April, a high-graded Superman #1 comic from 1940 set a world record of $5.3 million, obliterating a previous record for an Amazing Fantasy #15 (first Spider-Man) comic set in October of 2021.

Some of Dubsy's rare comic collection, including The Amazing Spider-Man. Pawan Singh / The National
Some of Dubsy's rare comic collection, including The Amazing Spider-Man. Pawan Singh / The National

Over the past couple of years, similar records are being broken more often and in all genres of collectables.

Not until 2018 were video games thought of as nothing but video games.

Today, some of these “vintage” sealed video games command prices in the tens, if not hundreds, of thousands of dollars.

At the forefront of pop culture collectables are trading cards, specifically sports cards.

The National Sports Collectors Convention (NSCC), or “The National” as fans call it, has been held annually since 1980. In 2022, a record 90,000 people attended the event held in Atlanta, in the US.

Unlike large conventions, such as the San Diego Comic Con, the NSCC caters only to trading cards.

Investing in collectables for the long run

The world of high-end collectables can be an expensive one, but collectors can reap the rewards, both financially and emotionally.

However, just like any investment tool, there are risks.

Patience and experience play the biggest part in how successful one can be.

Collectables are seen as mostly long-term investments, with some jumping on the speculation wagon for quick returns, albeit at a very high risk.

In the end, a collector must also love what he collects. That is where the true success of it stems.

In the end, a collector must also love what he collects. That is where the true success of it stems
Dubsy

Emerging markets

Very recently a new collectable entered the market: vintage VHS tapes.

Although still in its infancy, more collectors are discovering their passion for what was once in almost every household in the world.

Before the digital age brought Netflix and other streaming services, VHS was the way to go.

What makes this market unique is the fact that, although these tapes were sold in the many millions, almost all their plastic protective seals were ripped so the content can be consumed for our viewing pleasure, making sealed VHS tapes quite a rare find.

Just last month a sealed first commercial release of Star Wars: A New Hope from 1982 sold for $114,000. Will VHS collecting rival that of trading cards and comic books in the future?

Only time will tell.

Dubsy has been an avid collector of all things pop-culture since the 1990s. He is a Guinness World Record holder and one of the world's leading collectors of high-end Pokemon cards and comic books. Follow him on Instagram @DubsyCollection and check out his website at www.Dubsy.com

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

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The UAE squad for the Asian Indoor and Martial Arts Games

The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.

Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The specs

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

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Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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Director: Majid Al Ansari

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THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

 

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Updated: November 29, 2022, 1:16 PM