The global collectibles market is positioned to grow at 7% CAGR between 2021 and 2028 and reach $522 billion. As a result, when I hear the forums buzzing about the “Amazon of collectibles,” my ears tend to perk up. In addition, investors notice this collectibles stock for potentially robust returns on investment and weighing SFLMaven for their portfolios.
SFLMaven, as an online provider with a stout track record, has shown itself nearly invincible to the global pandemic. Additionally, the company plans to break into the digital collectibles space with NFTs. No acquisitions are required for NFTs. Instead, SFLMaven can start a division to shift the online art world. As a result, the Digital NFT market for collectibles is in a position to grow even faster than the global collectibles market, with a CAGR of 14.2%!
Customers have provided more than 100,000 positive reviews of SFLMaven’s online store, and the numbers continue to climb. A few of the critical elements of the company include:
- Fixed-price listings
- Auctions starting at .99, with no reserve
- 250 unique auctions weekly
- Substantial revenue and customer strategy
- A bright future in digital collectibles with the addition of NFTs
I knew their online auctions had been a hit but was blown away by just how popular they have become.
Thursday Night Auctions
SFLMaven has consistently qualified as a top-rated seller through its eBay presence. Consequently, the company has received home page placement for top sales. Additionally, the company had sales figures north of $3 million before the close of 2021 has been helped by their Thursday Night Auctions.
Over the nearly 20 years of business, their customers have started making an evening of the auctions. Two hundred fifty unique listings kicking from 730-1030pm EST and a new 250 listings as the auctions close. An endless trove of stunning items from engagement rings, pieces from the art deco period, even some fun jewelry from the 70s is available. SFLMaven is always focused on serious revenue-generating business and is in a position to deliver value for shareholders.
The Future of Collectibles
The company is growing its sales channel on 1stDibs.com, and customers can likely expect continued top-notch service on the luxury goods online marketplace. SFLMaven has been a leader in auctioning specialty items, and for a good reason. Word of digital NFT collectibles in the future is an exciting prospect.
Creating its Amazon-style collectible marketplace with an impressive NFT strategy means continued value for shareholders. Additionally, the company has shown a willingness to embrace the market’s future. CEO Joseph Ladin has even noted an interest in acquiring businesses and having enormous revenues in the future.
Dealing with Supply Chain Issues When digging into this company’s take on the supply chain disruptions, I anticipated some severe ripples. But, on the contrary, SFLMaven maintains an ironclad source of collectibles resold from the marketplace. As a result, the company is always adding to the inventory.
While the company has prepared for the holiday season, the supply disruptions have not made quite the wake seen in other groups. As a result, affordable high-end jewelry continues to perform well in the market.
Future of the Company
SFLMaven has retained a professional investor relations company, a brand-building public relations company, in addition to its venture into the 1stDibs landscape. The company continues to expand its footprint, and there are even whispers of a Spotify placement. If the future takes shape the way it appears to be, then the online presence of SFLMaven will be a substantial one. As SFLMaven enters acquisition mode, the momentum towards even more significant revenue is tremendous. In addition, the company has a robust inventory and continues its increase in exposure to the luxury market. As a result, sales volume continues to keep pace. A year-over-year revenue increase of 30% from 2021 over 2020 on a company that is already top-notch has investors realizing the potential. That revenue also builds shareholder trust, which will bode well for the future of growth with talks about acquisitions on the horizon.
SFLMaven truly stands alone with nearly two decades of top-notch customer experiences. The continued growth of an already rich revenue history is an excellent sign. Investors will note that the current levels at which it trades are not likely to be seen in the future as it grows into a more household name. The company will infuse any business they acquire with something unique that may create a connection for growth.
DISCLAIMER: This article is strictly the author’s opinion. All stocks involve risks and the possibility of losing all of your investment. Please consider all risks before investing and consult with an investment advisor if you lack experience. Article provided in part by Strategic Innovations who are paid for by the companies for social media and research.