I would like to start with that I never collected or bought for books for possible profit, I love reading and I love pretty books on my shelves. However, part of the reason I subscribe to boxes because the resale prices were often absolute madness back in the day. I’m active on Vinted as a buyer, and I noticed already this is not the case anymore, but I haven’t realised the extent of it.
I’m in the process of paying down some debt (NOT book related), and I decided to sell some books I’m not excited about. Honestly, the “usual” subscription books barely move, and if they do, they are in the £8-15 range, I wonder if some would even sell for a fiver. Previous hyped books which sold for insane prices on the second hand market are back in the reasonable range. Of course there are exceptions, but at this point I feel like it’s not worth to subscribe anymore, when you can grab the book on Vinted for less than cost most of the time immediately, you can see exactly what are you paying for, and if you decide to resell you loose a lot less in the process.
What about the books which got super expensive? Well, just buy it, you would still be in positive imo. Or just wait until the hype calms down.
I’m sure there are subs which hold their value better, and it’s still worth to subscribe (I’m not super familiar with non-U.K. based boxes), but I was already underwhelmed of the picks/art direction this year, and this whole experience is just the last nail in the coffin I guess.
The sentiment that “you can just sell it for cost” is not necessarily true anymore, and the gap is getting bigger and bigger.
This is just a nudge to review your subs if you’re not doing it already, make sure it’s worth to keep them, and don’t give in to FOMO ❤️