I love marketplaces and plants, so was over the moon when I stumbled across Palmstreet today, although a word of warning it’s a US marketplace so I couldn’t actually shop there… probably a blessing in disguise as trusted seller Harry Luu of PlantZaddyTherapy, just broke the app’s sales record twice in one day!
The first sale was a $16K Anthurium Variegated Forgettii x Heinz, one of only two in the world, followed by a record-shattering $26K sale of the True Variegated Lux Albo Mother Plant, the only one of its kind.
These monumental sales come on the heels of Palmstreet’s previous $10K sales record in August of a tissue-cultured pink-variegated Alocasia infernalis, which was the first of its kind available in the U.S.
As the hub for houseplant enthusiasts connecting buyers and sellers in the rare plant market, Palmstreet users are seeing green with the dynamic growth of this niche market as it shapes up to be an exciting new investment trend.
For sellers, factors such as scarcity, aesthetic appeal, growth potential, and the prestige of ownership all influence final sale prices. For buyers, chop and propagation is a huge attraction point. It provides rare plant collectors the ability to cultivate new plants from a parent specimen and easily multiply their investment over time.
Palmstreet are offering a unique entrepreneurial opportunity for both buyers and sellers to turn their love of everything plants into high-performing businesses. With the rare plant market only gaining more popularity as these lucrative sales make headlines, plant hobbyists continue to fuel excitement in investing in high-value plants.
