lou_fine

Overstreet doesn't have time to track every book, and he uses a 3 year moving average so that smooths out rapid increases or declines. Also, the numbers used for the Guide are probably no more recent than Dec 2020. I think you are basically correct here in terms of his valuation methodology, except for the time frame. I believe it's not a 3-year moving average, but one that's probably a few years longer than that for most books.

From looking at the staple area here, is this another example of a book that had been carefully and beautifully preserved for some 75+ long years, only to be brutalized and badly damaged by the newbies working at minimum wage over at CCS once they managed to get their big fat 10 blundering thumbs onto this book for only a few short, but shall we say rather "impactful" minutes: https://comics.ha.com/itm/golden-age-1938-1955-/star-spangled-comics-34-the-promise-collection-pedigree-dc-1944-cgc-vf-85-white-pages/a/122130-17833.s?ic4=ListView-ShortDescription-071515#

Based upon the type of books (i.e. titles and time period) that we are seeing here in this second round already with still another 6 rounds to go, I don't see how they can even think of this pedigree in the same light as the Edgar Church Mile High collection of books. In fact, I was talking to a boardie for over a whole hour last week and he stated that he would take even the small Allentown Collection with its mere 135 books over this entire Promise Collection set of books which he thought was built up primarily upon hype by both Heritage and CGC in terms of their clear and obvious overgrading in comparison to the Church books.

Well, I don't believe it would have gotten as low as a CGC 6.5, as this Dell File Copy here from 1939 managed to get into the 9.0's with its small lite dust shadow at the top: https://comics.ha.com/itm/golden-age-1938-1955-/crackajack-funnies-9-file-copy-dell-1939-cgc-vf-nm-90-off-white-pages/a/830-91039.s?ic4=ListView-ShortDescription-071515 Then again, maybe it depends on who the consignor is as this book was regraded as a CGC 9.6 graded copy with the exact same noted defect still there almost a full decade later, before finally settling down into a CGC 9.8 slab after that.

Like I have stated here many times before with respect to CGC's undisclosed grading standards which gives them the flexibility to change them at any point in time, they basically grade according to their current business agenda of the day and I believe we all know what the business agenda is when it comes to the Promise Collection and when Heritage is the submittor of these books here.

I remember he had to put in a qualifier at the front of both his own 2020 Market Report and also for his advisors' market reports in the 2020 Price Guide because it did not include an update for the impact of Covid-19 which started to hit North America in February of last year. I wonder if he's going to have to put in a similar qulaifier for this year's edition of the guide because it's not going to include an update for the impact of the absolute craziness that prices have taken starting in the February/March time period of this year. I guess this gives him a full year to see if this craziness in prices, especially on the more common BA/CA books is going to continue or not, so that he can include it in his upcoming guides before the end of this decade if it does.

Would you be speaking from personal experience here?

Sounds as though their big introductory first auction is scheduled to start up next month in August which is going to put them right up against all of the big auctions from HA, CC, and CL which are also scheduled to start up in August. From a straight timing point of view, can anybody here explain the rationale for all of these comic book auction houses to have their major auctions pretty much all starting off at the same time against each other, and then the auction market cools off a bit for the next 2 months while setting up for the next big one. Especially when collectors wallets are only so deep and wouldn't it make more sense to have a major auction during some of these quiet "off" months? Have they stated what their BP (if any at all ) and SP will be, because I believe this is going to make a huge difference to whether they are successful or not?

Seriously, do you really think so? Although I fully understand Overstreet's rationale for being super conservative in terms of his pricing, I still expect the books to be valued "accordingly" from a relative valuation point of view. As such, it's been pretty much a given that Cap 3 has clearly been way ahead of Cap 2 in the marketplace for the past decade and yet he still has Cap 2 in there with a higher valuation year after year. So, since this is the year that I finally don't expect him to correct this obvious oversight on his part, especially since prices seems to have soften a bit on Cap 3, I guess he just might pick this year to do it then.

Yes, we need boardies like you to explain to all of the newbies here all about the complicated intricacies of CGC grading. Especially when it's so timely and apt to a news flash which I just received from CGC in amongst all of their almost hourly missives being sent out regarding new private signings in their corporate driven goal to expand their turnaround times from countless months into at least a full year or more: NEWS FLASH: CGC Slabs Single Highest Graded Copy of Action Comics 1 Just Discovered in the Promise Collection After swooping onto the newsstand some 80+ long years ago, CGC is happy to announce that they have now slabbed the single highest graded copy by a wide margin of the key and iconic Action Comics #1 with the origin and first appearance of Superman. What makes this particular copy even more unique is that it was unearthed from the recently discovered Promise Collection, and as such, no suprise to all as it was given the obigatory CGC 9.8 grade even though some of the graders commented that they thought it should have graded even higher. As CGC, Heritage, and others have stated, this book will surely set the entire comic book world on fire as it is not only the single highest copy and one from the "second" greatest Promise Collection pedigree (second my foot to that old school boring and now long forgotten Edgar Church Mile High pedigree), this unique and extraordinary copy here exhibits not only just one, but pretty much all of the defects characteristics that have become so synonymous with many of the books emanating from the Promise Collection pedigree, including but not limited to the following: - A very slight and almost imperceptible PRODUCTION miscut; - PRODUCTION bindery chipping which accounts and explains for any pieces which might be perceived to be missing; - Verified DNA analysis confirming mouse chews along the edge of the book as coming from a mouse found at the PRODUCTION printing facility; and - So, without further ado and unlike the infamous Edgar Church copy of Action Comics #1, here in all its pre-graded raw and unabashed glory for everybody's viewing pleasure is the single highest graded Promise Collection pedigree copy of Action Comics #1: Needless to say, with an once in many lifetimes book like this one here, the only word of advice to give here is to "Bid High, and Bid Often". Like all TCBC and also our very own @Mmehdy have been saying ever since the discovery of this collection here, to have a copy of any book from the Promise Collection pedigree would be the cherry at the top of anybody's collection, but to get this Promise Collection pedigree copy of Action Comics #1 would be the absolute cherry on top of all of the other cherries in your personal collection.

Too late with this as I was down at the Loonie Store yesterday and apparently there wasalready a big run on all of the scissors, as collectors were apparently running down to the store as fast their their little feet could take them and looking for the sharpest pair of scissors to buy.

Nah, it's already been too late for pulps since a few years ago as they have slowly been creeping into the comic book auctions over time. If you really want to get ahead of the curve here, you need to load up on the rare and HTF BLB's in grade before they start to wake up from their almost century long slumber.

They say it isn't in there but i thing someone is telling a fib From what I've heard, the Promise Collection of Suspense Comics is missing issues #1 through #4, as the Promise run starts from Suspense 5. The one that's more likely to be a fib is the Seven Seas run which just by some coincidence, is missing Seven Seas 4 and Seven Seas 6.

FTFY

Interesting to see that you think both 'Tec 31 and Cap 3 are non-key books, as I would certainly be happy to take them off your hands since I certainly wouldn't want them to disdain your persoanl collection.

I am not worried about whether or not @Mmehdy is looking at these books or not. My concern is whether the CGC graders themselves are looking at these Promise Collection books or not when they are grading them, as this copy here looks even worse than one of those Danny Dupchak machete whack-a-book jobs, as based upon the back cover scan here. Oh, my bad here as it looks like the graders did give a good whacking to this Action 77 here, as they must consider the CGC 7.0 grade on the Promise book to be a big huge drop as compared to this CGC 7.5 non-Promise graded book with this "equally fugly" back cover here:

What I don't understand is why in the world would any comic book collector want to get their any of their raw books graded if they are not yet planning on selling them, but only to keep them in their own personal collection for years to come? Now, if you were a CGC label collector, than I would totally understand as that would then make a lot more sense to me.

Was just going through their Sunday offerings due to close in a few hours from now, and looks like this super HTF GL 30 is right up there: https://comics.ha.com/itm/golden-age-1938-1955-/green-lantern-30-dc-1948-cgc-fn-60-off-white-to-white-pages/a/122129-15488.s?ic4=ListView-ShortDescription-071515 Already sitting at $4,680 with the BP in there, which makes me wonder where this nicely presenting copy relative to its CGC assigned grade is going to finish up at by the time it's all said and done.

I believe it's all to do with the seemingly continuing ongoing PROMISE from @Mmehdy that we all need to get these books right now because if we miss our opportunity here, these books will only be going up in price from here in.

Yeah, I don't understand the prices that are being paid right now. I don't have much faith in current prices being translated into long-term values—not when I see things like that More Fun 55 sale. Like the nosebleed uber single highest graded copies going for astronomical prices, in some cases with expensive key books, it also works the other way with astronomical prices also being paid for super low grade entry level copies due simply to the fact that they are available to the regular collector from a strict pricing point of view. It does seem rather strange at times though when you have books like a 'Tec 31 with the classic Batman cover selling into the mid-$30K's and into the mid-$40's for the CGC 1.0 graded entry level copies a few years ago and then a CGC 2.5 only manages to fetched $56K a few months ago. Or maybe prices have simply dropped on the pre-Robin 'Tec books from their rabid mania of a few years ago with collectors busily chasing after other hot books now? Definitely a key first appearance for Doctor Fate, although I don't believe there is a standalone movie scheduled for him like what they apparently have in the works for Hourman. Although I believe Doctor Fate is scheduled for the upcoming Black Adam movie, with the role to be play by Pierce Brosnan of Remington Steele and James Bond fame.

Have you contacted Fishler to see if he's still trying to corner the market on the Fantastic 3 or has he gotten over that book by now?

Well, based upon its current placement within the Promise Collection Preview (i.e. in #6 position), it looks like they are expecting a big result from this book here. No doubt, expectations probably raised to unrealistic levels here due to the stupendous outlier of a sale for your copy of FC 178 at $90K.

Sounds as though these are really convention prices whereby the dealer knows that any interested buyers will be asking for big discount on them. As for the ASM 1 GRR, was it still sealed with the book and record together? I know that I have a couple of these in my collection somewhere, but can't remember which ones I have or whether they are still sealed or not , as I imagined the sealed ones should in theory be worth a lot more money.

It looks like you could resub this one and have a good shot. Corners don't look good enough for a 9.8. WTF..............so are you saying that corners, edges, and staples are once again back in play after they were taken out just in time for the grading of the Promise Collection books. That's the thing about undisclosed grading standards because they can go up and down and all around and you can never ever complain that they are wrong. Especially being a dedicated and avid CGC label chaser, I was all in on this book here and now are you guys trying to tell me that my chances for a squish squash up to CGC 9.8 is less than 50:50 here on this beauty of a label:

Well, that really all depends if bidders in that deep deep end of the pool prefer writing, or in the case of SL possibly even defaced smudges, on the front cover of their books or not?