lou_fine

I said that since someone here said 20% or 23% premium. Well, either way, that's a pretty substantial bump up of something like $550K to $600K plus from where the 8.5 graded copies were selling for only a short 5 years ago.

How long does their extended bidding goes becasue it sure seems to be much much longer than the 3 minutes that's in place for CC?

Including the BP? Don't believe it was quite $700K as I saw it closing at a hammer price of $575K which would work out to $690K with the 20% BP added in. Looks like only an additional 2 bids came in towards the end to move it from 5 bids at $525K up to 7 bids at $575K, for what it's worth.

https://www.comicconnect.com/item/922298 My bad as I was reading too fast and looked under there 2.0 graded copies for a PLOD instead of the ones for the 7.5 grade.

Do you have a link for this sales result since I can't seem to find it in their CC archives?

I’m suspicious of that Goldin 8.5. Only 5 bidders? But I’m always suspicious, Especially of that girl at the bar last night. That was the first thing that I also noticed since it looks like the CGC 8.0 graded copy that sold for $560K during the CC Event Auction at the end of last month got a total of 40 bids. Likewise with their CGC 8.0 graded copy of Bat that sold for $1,207,500 with a total of 65 bids, as compared to the current Larson 8.0 graded copy on Goldin still sitting at $1,212,000 with a total of only 13 bids with about 8 hours still to go. Then again, probably something to be expected since Goldin's customer base is clearly geared towards the sports card market and this whole comic book thing is brand new for them. No comic book customer base history for them which is completely different from Metro/CC which is strongly tied into the comic book clientale with their 30 plus years history in the business.

Since you state that you have no intention of selling any of these books, you have actually not made a fortune or even any money at all on your books as what you have are only paper gains for now. Especially since prices could just as easily come down in the seeming current bubble-like marketplace environment like this, it's best not to count your chickens before they hatch.

350k to 400k in 8.0 is my guess. Well, it appears you would be under by quite a bit as the CGC 8.0 graded copy finished up at $560K just a couple of weeks ago. And if you want to know about the price for one in a slightly higher grade at CGC 8.5; all you need do is to check out this copy in Goldin: https://goldinauctions.com/1962_Marvel_Comics__Amazing_Fantasy___15___Origin_-LOT109893.aspx Already at a hammer price of $525K or $630K with the 20% BP juice added in, with still another day to go. Not sure about the bidders though since it lists only 5 bidders at this current point in time which appears to be abnormally low when compared to the regular comic book auction platforms that we have all become accustomed to.

So, looks like this is already a record for a CGC 8.0 graded Larson copy of Bat 1at $1,212,000 with still a day to go, as the non-pedigree copy hammered in a CC Event Auction back in April of this year at $1,050,000 for a final price of $1,207,500 with the 15% BP juice added in. Looks like the prices on Batman 1 have gone up sharply over the past few years as this same Larson copy of Bat 1 was sold back in December of 2016 at a CC Event Auction for only $365,854. While another CGC 8.0 non-pedigree copy of Bat 1 that had sold for only $175,365 back in April of 2012 at CC came back into the marketplace through CC once again in September of 2019 at a very profitable $498K price point.

Any guesses as to where this CGC 8.0 graded Larson copy of Bat 1 will finished up at by the time it's all said and done tomorrow night: https://goldinauctions.com/1940_D_C__Comics__Batman___1___1st_Appearance_of_T-LOT89561.aspx Already sitting at a hammer bid of $1.01M or at a total of $1,212,000 with the 20% BP juice added in there.

Well, looks like it already did as it's now sitting at $1.01M dollars with a total of 13 bids to date so far. Hey Dom; Unlike Heritage which clearly specifies the hammer price as opposed to the price including the 20% BP, can you confirm that the amount of $1,010,000.00 that we are currently seeing (for now that is) is the so-called hammer price with a further 20% to be added on top in order for us to get to the final result?

That's really too bad as I managed to picked off a true uber HG file copy quality run of Cerebus 2 through 10 or thereabouts along with a Cerebus 21 when one of the owners of a small LCS closed down his shop way back in the day and decided to sell off his own personal collection of the Cerebus books. Even more unfortunate though is the fact that Sim kept all of the best copies of Cerebus 1 for his own personal collection at the time, making it virtually impossible for anybody else to have obtain any HG copies of the book back then. Being a "head shop" type of guy, apparently their store was one of the larger purchasers of Sim's books when it first came out as they were avid supporters of the non-mainstream comics. This was clearly evident by all of the underground comics which they had on display right on one of their front racks next to the bigger rack with all of the DC's and Marvel books. Being an early large purchaser, the shop owner said that Sim made a point of ensuring the copies he received were in tip top shape and then he would select the best one from that for his own personal collection at the time. Even at that, he said all of the copies of Cerebus 1 which he received came with those ubiquitous spine ticks running down the spine, including the one that he had selected for his own personal collection, albeit he stated that it had fewer than the other copies which he had received.

Not exactly sure why, but when I saw this sale go through on Heritage last week, the first thing I thought of was this Black Cat club here: https://comics.ha.com/itm/books/overstreet-comic-book-price-guide-1-first-printing-overstreet-publications-1970-cgc-nm-96-white-pages/a/7246-94188.s?ic4=ListView-ShortDescription-071515# Especially since it's a completely different animal entirely although I guess it did have a very limited 1,000 print run and only a total of 17 copies slabbed to date, with only 5 of these copies in CGC 9.0 and above. Strongly doubt there would be very many more of this historical book left in HG since it was really meant for extensive reading and use by the purchasers back in the day and possibly the reason this copy here sold for a rather astounding record $45,600 price tag.

No love for the later issues yet it seems. By the later issues, do you mean after issue after Cerebus 1 because I've got an uber high grade run up to Cerebus 10 if I remember correctly?

I absolutely totally get what you are saying here. Especially if you are a run collector which I generally am not, although I do have some runs that were popular back in the day like X-Men 94 to X-Men 150 and the Miller Daredevil run. My problem is that I never really bothered to buy dups except for the odd one like X-Men 94 (and the 2nd copy which I now cannot find ) means that if I do sell the X94 which is the one that's worth grading and selling, I will like you say, end up with a swiss cheese collection with the best parts gone. So, I guess hold for now until more of the rest of the run goes up high enough to make it worthwhile to also grade those other copies for resale and hope the bottom doesn't fall out of the marketplace to below my original purchase price in the interim.

No surprise here as we see 2 completely opposing schools of thought when it comes to the future of the Promise Collection books. In all honesty, I believe we will see a bit of both, but based upon some of the stratospheric prices that we have seen on most of these Promise Collection books, I strongly believe we will see a whole lot more of the latter as opposed to the former. This was also clearly the case with the other major complete pedigree collection to be graded and brought complete to market all at one time (i.e. the Billy Wright Collection) as the prices on most of those books dropped when brought back to market and has only now started to head back into positive territory nigh some 10 years later. Without this current crazed pandemic driven marketplace we are currently in, it's quite likely that some of the Billy Wright books might possibly still be sitting in the red right now.

A question for all of the Turtles aficionados here................would YOU really be willing to pay a million dollars for a copy of TMNT 1?

Well, it seems that CGC has long swung back and forth in terms of dust/sun shadows on the grading of a comic book and as we have seen from many examples already shown here to date, it is clear which way the pedulum has swung for the Promise Collection books when it comes to this particular defect. And like @Courageous Cat has stated in his post, since I do have a couple of big books with dust/sun shadows on them, I certainly do hope CGC grades this particular defect with the same degree of softness as the Promise books when it comes to my books, but sadly somehow I doubt it very much.

really ? I was thinking something insane like pushing 400K, but 500? I wonder if that is possible ........ Even in this crazy hot marketplace that we have today, I believe the simple fact that the label states the restoration as being Extensive is enough on its own to keep this book under the $500K price point. Hopefully not though since I feel that the stigma against the restored PLODS have been way overdone due to CGC's stigmatizing color labels.

If you are referring to the financial crisis caused by the crash in the housing market, wasn't that more the fault of the financial insitutions loaning out money to the max in a totally irresponsible way to borrowers who would never ever be able to make good on their payments should the market ever turn southwards, which I imagine it did in certain parts of the country. Absolute total greed on the part of the financial loaning institutions to bring in high level mathematicians to come in and find some method to wrap all of these worthless junk mortage-backed securities into some kind of financial derivaties that most other financial wizards couldn't even figure out what was going on until the entire house of cards came crashing down right on top of themselves and deservely so. I don't thnk it was so much those homeowners taking out their loans and being irresponsible in terms of using that money to buy comics, collectibles, and other frivolous things that they didn't need. Really more that the financial insitutions were completely irresponsible by giving out money to the hilt for junk mortgages to people who should not have been qualified. And yet those homeowners were wise enough to walk away from home that were worth only $150K or $200K for example that still had say a $300K mortgage on it when the housing prices came crashing down, leaving the financial insitutions with a basket full of pretty much worthless properties which they had created themselves through their financial paper wrangling. So, since you have already seen this movie before, are you already in the process of selling off all of your comic books at these current top of market prices before the whole certified house of comics comes crashing down and some of these relatively common books now sitting at 5-figures or even 6-figures come crashing back down to earth and be seen as the equivalent of the junk mortgage-backed securities of the collectibles marketplace?

Where can I read this information? Well, apparently it's been out there is quite a few of the social media platforms, but you can aso read about some of it on the boards here: Sadly, it looks like the whole thread has degenerated into a real dumpster fire before too long, whether intentionally or not, with a big pisssing contest between a few of the boardies here and no surprsie that it has now been locked by the Mods which was probably the intention of at least 1 boardie. Pretty much old news for a lot of the boardies who have been here a long time because these suspicions about the shenanigans that's actually taking place behind the scenes have been with us right from the get go and almost always with the same power players involved. As another boardie had stated to me in a PM, kind of sad to see in this current market environment with all of the crazy money being thrown around, the game has really stepped up with what he calls the rather obvious "gradeflation" of books that's taking place when books are submitted for grading by them. Needless to say, not anywhere close to a level playing field at all when it comes to the so-call 3rd party independent certification model that's supposed to be in place.

There were a few sales of $40,000 books, but there were thousands of sales of $500 to $3,000 books. Looking at the dollar volumes, there could be a lot of rent money in a big chunk of the market. Let's see now........................you've got outstanding rent to eventually pay, food to put on the table for yourself along with the wife and kids possibly, along with the rest of the expenses required for you to live and you would actually take all that money and spend it on a $500 to $3K comic book. Now, that is not only completely irresponsible, but also totally nutso.

Excellent point. I would think at least some of these could be real. Regardless, if you're selling, you're happy. Especially if you are selling it to yourself and moving it back into your inventory for a subsequent go round with no auction fees or shipping charges incurred at all.

Do you remember what the audience size was when you attended the NYC auctions? Just curious because I remember attending the one they had during the big SD Con when they supposedly had over 100,000 avid fans in attendance to draw from, and yet they couldn't even draw more than 20 people to their big Signature Auction which was an absolute shock to me. Especially with all of the free food and refreshments they had for anybody who attended.

Yeah that bottom edge damage was already there. I felt that it wasn't as strong of an 8.5 copy compared to typical 8.5's I've seen. I would most definitely agree with you here in terms of this being a very very soft 8.5 graded copy of the book. Especially when you zoom in and you can see up to 20 very visible creases on the spine along with the indented bottom corner.