Despite the news of its collapse, Silicon Valley Bank lives on — at the least to those that purchase and promote through eBay
There’s a wave of SVB merchandise — primarily, company swag given to workers in years previous — that’s now being provided as collectible-worthy fare on the favored on-line public sale website. Items vary from baseball caps and water bottles, to even a meat-and-cheese board. And asking costs are going for as excessive as $1,000.
That’s the associated fee, in reality, of an SVB finance committee jacket (nicely, the official worth is $1,000 or “best offer”). The vendor says it’s “Genuine SVB swag” that was made for SVB by L.L. Bean. The dimension XL fleece jacket “was given to Finance Committee members of the Board of Directors,” the vendor provides.
If that’s too expensive for you, there’s a tumbler-and-bottle set that’s working $188.50 after 24 bids, as of Tuesday morning. It’s billed by the vendor as an “Authentic piece of SVB history” that was “Given to SVB employees in 2021.”
Then, there’s an insulated espresso mug going for $76, as of Tuesday morning, that comes with fairly a again story. The vendor says: “I worked for Silicon Valley Bank in the Enterprise Business Analytics team as a data scientist. I am utterly shocked by what has happened and am extremely concerned about the future. Buying this mug helps me out but also gets you a piece of history to one of the fastest banking failures in US history.”
And the vendor goes on from there, noting that, “This mug was used on the day to day and shows signs of wear. But those (nicks) in the powder coating just tell my story of grinding, analyzing, and ultimately failing to help the bank use data to help the bank and its customers have success.”
Other SVB gadgets up for grabs embody a wi-fi speaker ($99.99), a backpack ($92) and, sure, that meat-and-cheese board ($229.99). The board is billed as “lightly used.”
The gadgets clearly converse to an of-the-moment scenario, however will they maintain a lot worth as collectibles down the highway? Memorabilia professional Vincent Zurzolo, president of the public sale web site ComicConnect, says that when the SVB story turns into outdated news, it’s uncertain that there shall be a lot curiosity or worth in this stuff, a lot much less in years down the highway.
“In 10 years, nobody is going to be saying, ‘Let me collect that cheese board from when that bank went under,’” Zurzolo advised MarketWatch.
Source web site: www.marketwatch.com