It’s official: Morpheus and the Dreaming will be back for season two on Netflix. That should help reverse those falling prices for The Sandman #1.

After months of waiting, the streaming giant finally gave the green light to a second season of The Sandman Wednesday night. Fittingly, it was Neil Gaiman who broke the news with a teaser video across his social media accounts.

[penci_video url="https://www.youtube.com/watch?v=FAA5T6nfn64" align="center" width="" /]

"There are some astonishing stories waiting for Morpheus & the rest of them,” Gaiman wrote in a statement. “Now it’s time to get back to work. There’s a family meal ahead...and Lucifer is waiting for Morpheus to return to Hell."

There was plenty of trepidation for this announcement. The Sandman was an instant hit with streaming audiences, earning widespread critical and fan praise from the moment it premiered. As viewers binged the first season, they demanded more episodes and were sure the news was coming. Gaiman, however, remained cautious, advising that with a show as expensive as The Sandman, there were no guarantees about a renewal. 

Up until Wednesday, there were rumors circulating that the series was dead in the water. Netflix has a reputation for pulling the plug on popular shows, and that enormous special effects budget was becoming something of an albatross. In the end, the fan support was enough to convince both Netflix and Warner Bros. Pictures to give The Sandman at least one more round. With James Gunn and Peter Safran at the DC Studios’ helm, it stands to reason that they had some influence in getting season two greenlit. 

Besides the series' sheer quality, what helped it become such a hit was it's staying true to the beloved comics. Of course, having Gaiman help pen the scripts ensures just that. In the end, like the comics, the show displayed a perfect balance of horror and fantasy while steering clear of superhero tropes. 

While The Sandman was never meant to be a superhero story, Morpheus has always been part of the larger DC Universe. He’s interacted with many of DC’s iconic characters, and it leaves fans wondering if the next season will see him establish the show as part of the new-and-improved DCU. At this point, all we know is that we’ll see more of the Endless. Past that, it’s anyone’s guess. 

THE MARKET IMPACT

With the big news will come a renewed interest in 1989’s The Sandman #1. For several weeks, it has become a frequent flier on the Coldest Comics blog. That isn’t unexpected, considering the inflated prices along with the show’s novelty having worn off well after its release. The end result was a dip in fair market values.

As of Wednesday night, the graded 9.8 had averaged $714 for the past 30 days after it had a 12-month FMV over $900. Shortly after the news broke, buyers took to the auction sites for those key issues. A 9.6 Sandman #1 sold for $297, which was up from the two previous sales. 

MR. SANDMAN, BRING ME A DREAM

Will the second season live up to the high expectations set by season one? We’ll have to wait and see, and there are different factors at work. Speaking of that large price tag, it has me curious if Netflix/WB will slash the SFX budget for the next installment.

Keep your fingers crossed that doesn’t happen. 

Want more of all the latest?

*Any perceived investment advice is that of the freelance blogger and does not represent advice on behalf of GoCollect.