lou_fine

I doubt it too but it will be interesting to see how close it comes. Single highest grade so you never know. One of 7 non-hero Promise books to reach at least 90k btw. Well, let's hope it doesn't do a Terry-Toons 38 with the first Mighty Mouse which did not have such a mighty 1-year return at -72% as it dropped from $60K all the way down to only $16,800 or even a Saddle Justice 6 which dropped by some 69% as it fell off its $21K saddle and landed on the ground at only $6,600 on their second go round.

Wow. About 90 Promise books listed so far, mostly DC. Wowza indeed, as some newbie probably just wants to cut bait and run as I highly doubt they'll be making any money here. I guess our resident statistician boardie here (i.e. @MasterChief) will be awfully busy in April updating this chart of his for the rest of us here: Somehow, I don't think this March dumping of the Promise books will require very much green ink and my guess is that the overall ROI to date of negative 28% (excluding any fees) will have a better shot of dropping even further into the red, as opposed to improving very much.

Yikes, this sounds bad as it's getting a whole lot closer to my purchase price point and I certainly wouldn't want to lose money on my old beater copy here.

Still better to be young and alive and have a lot more time to enjoy life the way it was meant to be enjoyed. Yes, all good for now until the pension plan goes bankrupt and I have to sell off my Spawn 1, 80's B&W's, Valiant books, and some of my personal stock holdings like Enron and Nortel to fund my retirement. Glad to hear that you are still a long way from retirement, but yet already have your head screwed on properly to plan far ahead.

With all of the hiring that they did last year to staff up for the boom in submissions, I guess they must be in a similar situation to the now overstaffed tech companies who are in big time layoff mode. Especially since submissions are most probably dropping like a rock with the falling prices for the books combined with the apparent departure of the newbies who just hopped onto the bandwagon during the pandemic. I assume the vintage non-Modern side of their grading operations are still probably in catch-up mode for now since it's probably a different set of more experienced graders working there. Even here, submittors will probably not be complaining about year long turnaround times once they do catch up on their backlog from last year.

Are you one of those "older people" who 's already thinking of retirement because I remember when I first started working? All of us were complaining that the worse thing about our pay cheques was the large amount they was taking off every two weeks to fund our pension. Now, we finally understand that it is indeed an actual employee benefit and not the cost of working for the corporation that we used to think it was. Yep, much better to be a retiree in this current high inflationary environment when your pension automatically increases by some 6% or 7% for this coming year because it's linked to the CPI. Not so much if you are still working and locked into a 2% pay increase, or even worse yet, still frozen back at 2021 wages or earlier because your union or company hasn't settled on a collective agreement contract yet. But like you said, we digress.............

It sounds as though they must have provided you with their Walkthrough service or is this their new LIFO (i.e. Last In, First Out) processing strategy?

Well, with the wild and rather crazy fluctuations that we have seen in the equity markets, all I can say is that I certainly would want to be caught in the situation where I had to directly and personally depend upon the stock market for my retirement. It is much better to be retired and debt-free and in a situation whereby both your government pension and fully indexed company pension when combined gives you almost the same amount of money as you would have if you had continue to work. That way, you can use your "fun money" not only to buy your comics, but also to take a spin on the stock market roulette wheel.

The real surprise here and the jackpot is that he sent the book in only a few months ago and yet somehow managed to get it pressed, graded, and back from CGC in such a short period of time. I know a friend who sent their books in for pressing and grading back in November of 2021 and they have yet to be graded by the boys at CGC. No worries though as he had told me that he didn't expect them back until sometime in 2023, so I guess it's still on schedule as far as he's concerned.

Like your point about the comic book market being split into various segments, the stock market is also split into many different sectors. With this perspective in mind, it should be noted that although it might indeed take a decade for some of the books to reach their previous highs, it should also be noted that some of the headline grabbing high flying stocks that were so loved and driven up to astronomical levels by newbie FOMO driven speculators and have now crated by some 80% to 90% from their highs will possibly never ever regain their pandemic highs of 2020/21. Sure, although the major indexes will indeed recover to their previous highs in the months or years to come, I personally believe those key comic books which have dropped by some 30% to 50% will stand a much better chance to making a faster recover than some of the popular pandemic all-story with no profit speculative stocks which have dropped by a much larger percentage amount.

Well if it's going to reach $100K, let's hope that the potential bidders are simply keeping their powder dry for the big firework show because the current hammer price of $26K hasn't gone up by even a single dollar since this thread was first started some two whole weeks ago.

Just a question for you with respect to your comment here...........are you talking about stocks or comic books here or are you talking about both?

I believe it really depends on what types of comic books these buyers were purchasing during the pandemic, especially since a large majority of the vintage collectible comic books that don't tend to come to market very often has not only NOT fallen in price, but have actually continue their price movement upwards to this current point in time. Now, if you are referring to the so-called hot but readily available books from the more recent BA and CA time periods and even some from the SA where you see multiple copies in various grades showing up in every single auction ad infinitum with no end in sight, these are indeed falling because they probably shouldn't have shot up so high in the first place due to their overwhelming supply.

Just checked the first page of the HA archives and although there is no other copy graded higher than your CGC 5.5, there have been other sales: https://comics.ha.com/c/search-results.zx?N=52+1060+790+231&Ntk=SI_Titles-Desc&Nty=1&Ntt=mask+comics+1&limitTo=all Looks like Heritage had a total of 6 other sales in the past 12 months with one in March, April (exc. yours), May, September, November, and January. In addition, it would appear that CC had one in December while I am quite sure that CL also had at least one or two, but too lazy to check since their auction archive is just a pile of doggie doo doo at best. The Heritage one in November was a CGC 3.0 graded copy that sold for $13,800 and the CC one in December was a "lowly" CGC 2.0 graded copy that managed to fetched $7,300 while the January 2023 was a restored copy, so hard to gauge much from that sale. So, it would appear that even with all of these copies coming into the marketplace, prices for this all-time classic cover book still remains pretty strong.

Same question then when the market is going up........why would anybody be selling when there is a good chance they can get more money later? You can never really tell when the market is at a top or when the market has hit bottom, or as another boardie here put it in this case here:

Donald...........................is that you by any chance:

I assume you must be referring to Booster Gold and Blue Beetle here, but then whatever happened with Hourman and Plastic Man? Well, let's hope that this stomach churning roller coaster ride doesn't extend as far back as the first incarnation of Blue Beetle back in the pages of Mystery Men Comics because those books have already rocketed into the stratosphere and doesn't show much signs of slowing down.

So, from your post above, am I safe to assume that you weren't the buyer of the Iron Man 30 for $15K as this amount is meaningful to to you? Or on the other hand, from your post below, should I assume that you were indeed the buyer of the Iron Man 30 for $15K because dropping that kind of dough on a comic book worth only $500 is meaningless and inconsequential to you and you also wanted to avoid another $100K night of wanton debauchery in a Vegas nightclub?

This is true in the scenario where the bidder in question has already targeted and decided that they want to win a particular book. Now if you are in a different scenario like jimbo's here where you are not sure if you really want a particular book or not, then the additional time certainly does help by giving you the additional time to make a rational and thought out decision. Perfect case in point for me was the Jon Berk Auction where there were just so many desirable books in there and advance bidding didn't really let you know if you was even going to be in the ball park or not in terms of acquiring a particular book. Let me tell you, those multiple 3-minute extensions were a really big help as it gave me enough time to doublecheck on things such as Overstreet guide, past Heritage & CC auction results, CGC population census reports, current bids on other upcoming books you might be interested in, etc. to decide if I should place a bid or to hold off for now and save it for other books further down the line.

Hey, I am too old school and technologically challenged to ever try to figure out some of these new style tech stuff like creating avatars or posting your own scans. I guess if I really wanted to learn and had the time, I probably could, but have no real desire to at this current point in time.

I am actually NOT presuming anything at all about the buyer, as I was really talking more about the book itself and the price paid for it. Of course there are potential buyers for books at $15K where this kind of money is nothing more than loose pocket change to them. I am just referring to the fact that since there are now many more copies of this book in the same equivalent CGC 9.8 grade, I hope like most vintage collectible comic books here, the subsequent sale of these additional copies when they do come to market, only helps to reinforce the $15K purchase price which the buyer had paid for the original first 9.8 graded copy and the value of the book continues to move upwards with these subsequent sales. Not sure why you are presuming that the price would not only drop down, but plummet all the way from $15K right down to only $500? To each their own, but when buyers purchase a book for their collection, wouldn't it only make sense that they hope for additional copies to come into the marketplace, no matter the grade, to hopefully reinforce the price which they had paid for their copy of the book. Heck, personally for myself, I get a bit excited and can't wait when I see other copies of books which I had purchased, no matter the grade, come to auction just to see how they do and whether or not this means the valuation of my copy continues to increase or not.

Exactly right, especially since FOMO which from a rational POV never should have been in the marketplace for most books is now gone. Absolutely no reason to bid high on books that you know will continue to show up in all grades in future auctions going forward. On the other hand, you better bid higher on those HTF books that you probably won't be seeing in any grade possibly for years to come. Not sure what you mean here by "firming" though? Are you saying that the softness in the marketplace is firming up and getting stronger or are you saying the marketplace is starting to firm back up?

More Fun 50 was earlier (12/39) And More Fun nos. 25 and 37 were even earlier. Although I think he was just being a bit facetious with his response here, it's certainly good to know that all of you football fanatics are right on top of your game here. Maybe we'll find out when the trailers come out for Batman 2 and there's a huge football in there.

Seeing as they don't even have any holders for the pulps or for some of the earlier oversized magazine formatted comic books like the New Fun's, Master's, Jumbo's, etc., I am pretty much 100% sure they don't have any type of holder for these BLB books.

Yes, definitely don't care much for the eBay type CL bidding mechanism where it's seemingly all about a Hail Mary last second auction snipe. Now, if you like the HA auction format where you have quite a few seconds to think whether you hit that bid button or not, then you should really love the CC bidding mechanism whereby they keep giving you a full 3-minute extension to do your thinking and analysis and even enough time to run to the fridge for a snack.