Regardless of the information of its collapse, Silicon Valley Financial institution lives on — not less than to those that purchase and promote through eBay
EBAY,
There’s a wave of SVB merchandise — primarily, company swag given to workers in years previous — that’s now being supplied as collectible-worthy fare on the favored on-line public sale web site. Objects 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 (properly, the official worth is $1,000 or “greatest provide”). The vendor says it’s “Real SVB swag” that was made for SVB by L.L. Bean. The dimensions XL fleece jacket “was given to Finance Committee members of the Board of Administrators,” the vendor provides.
If that’s too dear for you, there’s a tumbler-and-bottle set that’s operating $188.50 after 24 bids, as of Tuesday morning. It’s billed by the vendor as an “Genuine piece of SVB historical past” that was “Given to SVB workers 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 labored for Silicon Valley Financial institution within the Enterprise Enterprise Analytics staff as an information scientist. I’m totally shocked by what has occurred and am extraordinarily involved in regards to the future. Shopping for this mug helps me out but additionally will get you a bit of historical past to one of many quickest banking failures in US historical past.”
On the lookout for some SVB company swag? On eBay, you’ll discover a branded meat-and-cheese board (left) for $229.99, and an insulated espresso mug for $76.
eBay
And the vendor goes on from there, noting that, “This mug was used on the everyday and reveals indicators of wear and tear. However these (nicks) within the powder coating simply inform my story of grinding, analyzing, and finally failing to assist the financial institution use information to assist the financial institution and its clients have success.”
Different SVB gadgets up for grabs embrace a wi-fi speaker ($99.99), a backpack ($92) and, sure, that meat-and-cheese board ($229.99). The board is billed as “calmly used.”
The gadgets clearly communicate to an of-the-moment state of affairs, 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 previous information, it’s uncertain that there can be a lot curiosity or worth in these things, a lot much less in years down the highway.
“In 10 years, no person goes to be saying, ‘Let me gather that cheese board from when that financial institution went beneath,’” Zurzolo informed MarketWatch.
