lou_fine

The consignor is probably thinking of the psychological mind of the bidder and rationalize that even though they know there's a 15% BP of top of their bid, that bid price will still be swimming around in their head when they are smack dab in the middle of the auction action and they just might go that one of two bids higher. It is clearly not hidden as it is in BIG BOLD CAPITAIZED letters and the absolute first thing you see in the description of the auction and cannot be missed even if you are partially blind. In fact, it is so noticeable that it almost obscures everything else in the auction description to the point that it's almost like a flashing billboard even when you are reading the rest of the description. This would indeed be the case if they are mixing their BP auction lots in with the non-BP auction lots, but according to their post, it sounds as though they are going to be done in different sessions: I guess the question is whether they will also continue to separate them in future upcoming auction after this first Event Auction of 2021.

Oh, come on you two guys.........why go and spoil our fun and controversy with facts and explanations. Don't you realize that the extended Christmas break is a sleepy and lazy time of the year when it comes to these boards and we always like to have a little bit of angst and controversy to keep us awake and into the game? Perfect case in point being that thread back in the sleepy Christmas break of 2015 about a Detective 33 Blowing up on eBay which really woke up the boardies here with a long and enlightening thread on the shall we say "virtues" of the work as performed by IGB.

Most definitely.........let's get rid of the sucker!!!

From your post here, it seems that you are only looking at the upside potential. Have you taken into consideration the possible downside risk, especially when the pandemic is over and people are allowed to travel, go out to restaurants and events with friends, etc, instead of being stuck at home by themselves with nowhere else to spend their money.

Depends on what year you are talking about since I believe if it's February of 2022, you are probably good to go? Especially since I don't believe the drug companies will run into any problems producing the hundreds of millions of doses of vaccines that's require by the end of summer next year. The bottleneck is going to be figuring out the logistics and psychology of getting it from the drug companies into the arms of enough people to have herd immunity.

yes, this FF 73 9.2 has no BP https://www.comicconnect.com/item/904935 Yes, looks like they've got a total of 101 books loaded into their upcoming Event Auction so far. The first 98 seems to loaded including their cover scans and all of them have the 15% BP. The last 3 including the FF73 still seems to be a work in progress as there are no scans loaded in yet. Any bets that once the their scans are loaded in, they are going to finished the lot off with the 15% BP notation.

Now we fully understand why he was so upset when his books were stolen from a less than secured storage facility in Florida. Unlike most collectors though, it clearly wasn't filled with boxes full of worthless drek books like the B&W's, Valiant, and Image MA crapola.

The important thing to note is that dollars is an EXACT measurement as you sadly cannot change $455 into $32,255 just like that. Grading a book on the other hand, is far from an exact science and is really nothing more than just a so-called "expert" opinion at a particular point in time. As such, it is suject not only to the whims of the grader at the time the book goes across their grading table, but also subject to changing grading standards over time, not to mention all of the artificial maniupulation that is now readily available to upgrade a book. As such, that is why I have never understood the need to pay ridiculous multiples more for a book in a slightly higher grade when in the past we have seen books being upgraded by quite a few grade increments such as even going from a CGC 9.0 right up to a CGC 9.8, especially when they still look virtually the same from a visual scan. Then again, I guess it's really a case of to each their own.

As @tth2 would say, this change should make no impact for bidders if they have passed Grade 5 arithmetic and know how to top their bids up by the 15% BP. As Sharon had mentioned, the impact will fall 100% onto the consignors as they will be ones footing the bill for this additional 15% sine this will be money that they will no longer be receiving. Would any rational consignor with any degree of common sense be willing to pay the same amount of fees to CC for what they are offering in comparison to what HA is offering to their consignors. Just take a look at not only their auction catalogs, but the absence of any lot description for most of their books in comparison to the detailed hyped write-ups done on both HA and CL. When I look at the auction descriptions for virtually all of the CC auction lots, it's pretty obvious that they expect the books to sell on their own relative to the push that HA and CL attempts to give to their offerings. In addition, just take a look at the links which HA provides to the consignors for their books when it comes to their auction archives, GPA stats, CGC census, Overstreet guide valuations, etc. whereas the only links which CC provides are to competing copies of the same book available in their inventory which potential bidders for your book can buy or bid on instead of on your copy. Heck, for providing them with this opportunity to promote all of the other available copies of the exact same book which they have in their back stock for potential bidders to buy, I thought they would have reduce the Seller's Premium, instead of adding a BP on top of the SP. Bottom-line: No need to worry if buyers will continue to flock to their auctions because it probably won't even reach this point since they most likely won't have many books available at auction as most consignors will be going elsewhere.

Heritage has always been charging both a BP and a SP right from the get go when they first entered the market way back in 2002 or was it 2003? There's a reason why they are able to get away with charging both when you take a look at how they operate and all of the associated costs which they have to bear in comparison to a much smaller operation like CC andCL. This then also has a definite impact on what they are able to offer to their comsignors in terms of catlogs, superior website, etc. The question for the consignors is whether is worth paying the extra fees for all of these fancy frills that you get as what really counts to them is the bottom lin net they are going to get for their books.

Well, still got a ways to go to catch up to the $90K that the Bat 181 with the first Poison Ivy managed to fetch last month. So, I guess only time will tell if this copy of 'Tec 359 will be able to beat the Bat 181 and manage to hit 6-figures and find itself in the home of some lucky and very deep pocketed CGC label collector?

Yes, indeed as it's not only 1 of 4, but also 1 of almost 4,750 in CGC 9.8 and above, or also 1 of almost 12,000 in CGC 9.4 and above. If you want a copy that's rare and exclusive, it's better to go to the other end of the pool with the single lowest graded copy at only CGC 1.0, and also only 1 of just 2 copies graded in CGC 2.0 and below. Now, that's what I would call an exclusive club!!!

Although a comic book collector would never pay the kind of money it takes to buy a book like this, a CGC label collector would have absolutely no problem digging into their bottomless pocket to fish out the money to pay for this 10.0 graded label.

I guess you must be thinking of what was once the single highest graded copy of Hulk 181 that sold for 6 figures many years ago , but if the stories are indeed true, would not be anywhere in the 9's if it ever got sent back in for grading.

They could tell the difference, but so much was recreated or painted over that it was tough to call it “restored” vs “recreated” That may be so but, Matt Nelson did make a post stating what I said. Unfortunately, I can't find his administrative ID to confirm. Would you happen to be referring to this enlightening and rather boisterous that helped to liven up the peaceful and quiet Christmas and New Year's time period of 2015: Hit the arrow in the top right corner of the attached link above to get to the correct post in question.

at 250k, we're all safe at throwing in some tracking bids I believe you are missing the 1 in the front of your number there, as we should be safe to go to that point up there. You go first and give it a try, but I would advise you not to try to put a 2 in front of your number there.

You wish......................I believe they are trying to expand the side bars on both left and right hand side so that the posts in the middle can be reduced to being as narrow as possible.

WTF: Are these guys trying to squeeze in an extra Signature Auction since I don't believe they started them this early in the new year before? Anyways, will definitely be interesting to see what this highest graded copy of Bats 1 (albeit upgraded from a lower graded copy ) will end up at by the time its all said and done: Sitting at $252K already with still a lot of time and tons of room to go.

Yes, I agree that even the young people do indeed know who the Phantom is. Well, you never know as they might just do a half decent reboot of that old Phantom movie from back in 1996, but this time with a more breakout actor than Bily Zane. Actually, if we exclude the comic book fans, wasn't the Phantom a more well known character as compared to the Black Panther prior to his big movie debut?

Well, with both CL and CC (in the past at least) it was pretty straight forward with only a Seller's Premium (SP) of 10% and no Buyer's Premium (BP) at all. This means that if a book sells for say $1,200 at auction for both of these auction houses, the consignor would receive 90% or $1,080 while the auction house would receive 10% or $120. The only qualifier being the use of payment by credit cards and/or PayPal which is apparently subject to certain limits, with this 3% fee then being charged to either the buyer (CL) or the seller (CC or this might have changed recently to the buyer instead???). With Heritage, it's a completely different story as they have both a BP and SP in place for their auctions. Apparently, these fees are negotiable depending upon both the quantity and the quality of the books which you are then consigning. Supposedly, it's doesn't take too much for them to start giving the discounts to you. If we work on the assumption of paying the full freight without any discounts at all, then it's just the set BP of 20% and not sure about the SP, but possibly a further 15%. This means that if a book hammers for $1,000; then the price of the winner pays $1,200 with Heritage taking the 20% BP of $200. The seller than pays a SP of 15% on the hammer price or $150 which means the consignor will see only $850 with Heritage getting the remaining $350 out of the $1,200 auction result. One again though, it must be emphasized that some board members here have stated that with the discounts in place, consignors can get something closer to what the consignment fees are with CL and CC.

Well, they only have 3 books listed for their upcoming Event Auction #45 and the 15% BP notation is there on all 3 books. Not sure if this means it will be for just certain books or for all of the books in their Event Auctions going forward. Especially since there doesn't seem to be a BP notation on their January Monthly Auction books?

Although a CGC 9.4 graded copy and one notch below the Church CGC 9.6 graded copy, I am 100% sure that it will still not come anywhere close to the $200K price that Anthony Chiofalo paid for the Billy Wright CGC 8.5 graded copy back in 2012. The seller of that BW must have been absolutely ecstatic when Heritage contacted them to let them know that some some fool embezzler was willing to turn over $200,000 to them through the HA Make Offer to Owner feature after he was the lucky auction winner of the book only a week earlier at the winning bid of $49,293.75.

Where is that posted, I'm not seeing anything when I look at the preview? You are right, I doubt I'd consign things if they are going to charge 15% BP. Did you click into the link which I had embedded into my post up above? I also clinked the link into the CGC 9.4 graded copy of AS 3 which Peter had mentioned and it clearly states: https://www.comicconnect.com/item/900255 COMMENTS: A 15% BUYER'S PREMIUM WILL BE ADDED TO THIS ITEM AT CONCLUSION OF THE AUCTION

Any idea if this is nothing more than a mistaken carryover from their Quick Draw Auction or are they really planning to charge a BP of 15% in their upcoming Event Auction: https://www.comicconnect.com/browse/auction/9 If so, it looks like the consignors will now be losing an additional 15% on top of the 10% Seller's consignment fee which they have to pay. If this is actually the case, and CL and HA holds to their current consignment fees (which might not be the case if CC raises theirs ), I can certainly see sellers not bothering to consign any of their books to CC going forward.