lou_fine

Like Clark had correctly stated, why would the consignors stopped selling through CC because of the Buyer's Premium when they were the ones that asked for it just in order to squeeze an extra 1.3% out from CC's standard 10% auction commission fee? Or is it because they feel that there will now be less eyeballs on the CC Event Auctions because potential bidders/buyers are turned off by thei 15% BP and will not bother to participate in the CC auctions anymore, which I would somehow doubt?

Well, it certainly doesn't seem to be the case for the high flying in-demand horror books like Punch 12 and Chamber of Chills 19 amongst others, since even the non-highest mid grade copies seems to be going for crazy prices.

Is this something new in terms of Heritage's consignment requirements because this is the first time that I've heard of a minimum consignment threshold? Also, what do you mean in terms of "category"..............comic books and coins, or Golden Age and Bronze Age?

Unless the 9.0 copy sells for a stunning record price which might just propel the 8.0 copy to a even higher price point, instead of a lower one.

Try telling this to the consignor who consigned their CGC 9.8 copy of TMNT 1 to Heritage instead of the other Big 2 auction houses: Yep, the Heritage copy finished the lowest out of the 3 CGC 9.8 graded copies of TMNT 1 that have all closed since the last week of August. Also, if I remembered correctly, weren't most of those quarter million dollar sales or thereabouts for TMNT 1 coming from CC and not Heritage? As for GA, I believe it's really not a case of one size fits all as there have also been a lot of record breaking prices on GA being generated by CC in their Event Auctions and you wouldn't have to go through the hassle of trying to negotiate your fees downwards which seems to be the thing with Heritage.

Are you referring to long time collectors who have multiple copies of some of these latest hot PCH titles and the likes in their personal collection? Because if you are, believe me, they are well aware of CGC and also what's been happening with these auctions. They simply want to sit back and watch the show as prices continue to accelerate as they have absolutely no reason at all to do something that might potentially devalue their books going forward.

Nice of you to post the GaG 6 since green has always been my favorite color and I just loved this cover when I first saw it a few years ago. Loved it so much that I came close to winning the Promise copy of it with its stunning colors when it came to auction, but just couldn't rationalize bidding any higher given the horrid eye twisting off-center cover with that big white crooked line down the spine and the misaligned top edge: https://comics.ha.com/itm/golden-age-1938-1955-/guns-against-gangsters-6-the-promise-collection-pedigree-novelty-press-1949-cgc-nm-92-off-white-pages/a/7244-96049.s?ic16=ViewItem-Inventory-BuyNowFromOwner-PreviousPricesHeritage-081514 Probably should have gone for it anyways since it looks like one of the few Promise books that didn't go for crazy crazy money at only a mere $6K back in 2021 as compared to the aforementioned equivalent 9.2 graded non-pedigree copy going for a whopping $14,400 in yesterday's auction, albeit for a File Copy.

Yes indeed, because if you take out just the Mask 1 and the Seven Seas 5, you go instantly from a big plus 23% all the way down to a big negative 32%. OUCH!!!

I believe it's down nearly 60% simply because somebody was looking for a fast and easy tax write-off when they paid $78K for the book in the first place. After all, who in their right mind would pay $78K for a book that has almost 4,000 copies slabbed already, with 15 other copies in equivalent 9.8 grade and another whopping 40 9.6 copies knocking right on its door with a current fair market value of only $6,500 for each of them?

Now, now, now...............are you simply trying to be sarcastic here or practicing for your stand up comedy routine with your joke here?

Well, I see 4 numbers there and the $800 and $8K numbers are defined and absolute and not subject to question as to what it means exactly. The 9.4 and the 9.8 numbers, on the other hand are really nothing more than just a subjective opinion which could also change over time, are affected by many different factors and are subject to question at times. BTW: I'll see your 9.4 moving up to 9.8 with the same defects and raised you a 9.0 moving up to a 9.8 with still the same defects as previously noted.

Looks like the Silver Surfer 4, at least in highest graded CGC 9.4 condition is still holding relative to the super hot 2021 Covid time: https://comics.ha.com/itm/silver-age-1956-1969-/superhero/the-silver-surfer-4-marvel-1969-cgc-nm-mt-98-off-white-to-white-pages/a/7341-91037.s?lotPosition=1&ic16=ViewItem-BrowseTabs-Auction-Archive-ArchiveSearchResults-012417 Holding steady at $66K in Heritage's Signature Auction yesterday which in line with the $67K that CL sold their copy for in the summer of '21, but still nowhere near to the $90K for the CGC 9.8 Oregon Coast copy also in that same summer.

Most definitely significant but sadly, also not that surprising considering that it already has over 40 copies in this grade and still counting. From a percentage point of view, however, appears to be in line with many of the other drops that have taken place in the "hot" books from the more recent time periods in this post-Covid comic book marketplace.

That's exactly what it was............the next hammer bid was calling for $110K which would have resulted in a final $132K price, but no takers here.

Oh yes they will, whenever it comes time to sell them off and almost certanly just one at a time in order to maintain a buoyant marketplace. Absolutely no reason at all to slab them before since increasing the population count with your multiple copies will only serve to depress their values going forward.

Wow, clearly a record price for a non-pedigree copy of this book here and certainly signals continuing strong demand and strength for the early Fox books: https://comics.ha.com/itm/golden-age-1938-1955-/superhero/wonderworld-comics-11-fox-1940-cgc-vf-nm-90-off-white-pages/a/7341-92127.s?ic4=GalleryView-ShortDescription-071515 Sold for a rather stunning $22,800 and I imagine the owner of the Church CGC 9.6 highest graded copy must be ecstatic with this result here.

Personally, I don't think this will necessarily play out this way since we are not talking about the highest graded copy of an otherwise relatively easy to find book here. Sure, we've seen the price for the highest graded copy of say an Iron Man 30 at something like $15K take a beating once other equivalent graded copies started to show up. Likewise, I am sure that the same thing will also happen to the $44K that was paid for the highest graded copy of Transformers 1 back in 2021. That's because the overwhelming portion of the money paid for relatively common books like these was basically all for that big number in the top left hand corner and much less so for the underlying book itself. The Punch 12, on the other hand like a lot of other in demand HTF GA books, carries real value across the entire condition spectrum and is much less dependent on that number in the top left hand corner of the slab. With CC being able to fetch $71,300 last summer for their fifth highest and tied with 2 others at CGC 5.5 graded copy or over 7.5X condition guide value, is it really that surprising that Heritage would be able to get a big record number of $204K or 6.8X condition guide value) for their single highest graded copy of Punch 12, and an official pedigree copy to boot? When it comes to books like Punch 12 and the like where the majority of the value is derived from the underlying book itself as opposed to that number in the left hand corner, I think having other copies come out in equivalent grade or possibly even at higher grades will often not only reinforce the price paid for the first copy, but also help to propel them to even higher price points. For example, do you really think the fact that they surprisingly managed to unearth the higher graded 9.2 Church copy of Suspense 3 and sold it for $262,900 has killed the value of Magik's former highest graded 9.0 Penn copy which sold for only $173,275 a few years earlier? Or has the sale of the 9.6 graded copy of Phantom Lady 17 at a record high price point of $456K killed the value of the former highest graded (and actually nicer appearing) PL 9.4 graded copy of Phantom Lady 17 which sold for only $121K a few years prior?

What the heck is this Punch 12 that all of you guys are talking about as it looks to be a bad wanna be take on this great classic cover here: Seriously though, Wth a book like Punch 12 in "only" CGC 8.0 (albeit highest graded for now) going for over $200K, is this going to pave the way for other non-super classic cover books to hit and surpass this seemingly once thought to be impossible $200K threshold ceiling? If so, what other non-super classic cover books might just be prepped to hit this threshold and this record shattering result? In addiition, it also makes me doubly wonder if there's also a Church copy of Punch 12 possibly out there somewhere (i.e. like the Church copy of Suspense 3) since it was also not listed in Chuck's Mile High Catalog.

I still remember back about 12 years ago when this was one of the super red hot books when it was sitting at only $30K in top of guide and had no problems being able to fetch multiples of condition guide for several years after that, even for restored PLOD copies. Once it started to approach the $200K mark in top of guide though (about 4 years ago) with more copies coming into the marketplace, it seem that the sentiment changed and now this former HTF book barely gets condition guide value in Universal unrestored grade.

Can you ask him for a do over and with his newly found pot of gold that he's now holding, he just might toss a few loose nuggets your way.

I would tend to agree with both of you that the CGC 3.5 copy selling for only $228K appears to be a tad on the low side. Especially since Heritage was able to fetch $264K for an equivalent 3.5 graded copy back in September of 2022 and a whopping $222K for a lowly CGC 2.0 graded copy back in September of 2021. Looks like CC also had similar stronger results in the recent past with a CGC 2.5 graded copy fetching a huge $270K back in March of 2022 and then followed by another CGC 2.5 graded copy selling for $215K in March of this year. So, a definite downtrend showing up here in this condition range, but is it really that surprising considering the number of Bat 1's in this grade range that have shown up for auction in the past couple of years? As for the CGC 1.8 graded copy of Bat 1 selling for $138K along with another selling for $144K earlier this year in March, this just might be a bottoming out and hopefully for a trend back up as compared to the $126K sales for January of 2023 and the $114K sale back in June of this year for equivalent 1.8 grarded copies.

Uh, I think they all came from you? So get on it! Definitely not me and probably more for old time boardies like @G.A.tor and the likes as I the volume of quality offerings in Heritage's Signature Auctions would just be too daunting of a task for me. As for CC's Event Auctions, that's a much easier and manageable task to analyze their auction results on the go in real time. Actually, with me now helping my better half to babysit 4 grandkids during the day, it really doesn't give me much time to spend on the boards here until much later in the night like about now. But so much more fun and worth it all as I can always review the auction results after the fact.

But some went for quite a bit more. Even at negative 30% there would finally appear to be a hint of light at the end of this long darkened Promise tunnel, but if what you say is true and there's now more and more of them reselling for more, then the light is starting to shine much brighter as we are possibly coming much closer to the end of the long Promise tunnel.

All I can say is that it must be a pretty boring Heritage Auction or more likely all of the long time boardies are not posting here as much. Especially since we use to have an almost play by play when these auctions were taking place with pages and pages on posts on the results on a virtual real time basis. Kind of miss those old days.

Not sure since you didn't use the Quote option instead of your Reply option, but to exactly which prior post was your comment here in response to?