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Posts posted by MatterEaterLad
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On 8/31/2023 at 6:26 PM, drmccoy74 said:
All you really need are 2 people to run a book up. It's not always a shill bid. Somebody just might be pissed off at the other bidder and won't stop until he beats him.
This is very true. Years ago, Me and RMI High Tech kept bidding against each other in various auctions, always going after the same high grade DD books. He knew it was me. I knew it was him. We'd confirm that via email from time to time, talking about how high we would or would not go.
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- AJD, Superman2006, Kevin.J and 4 others
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On 8/13/2023 at 10:16 PM, MyNameIsLegion said:
The market dipped a bit due to the Great Recession, which had a tremendous macro-economic impact on collecting, but pandemic buying and easy money fueled a whole other level of tulip-mania. These things never end well, and when they end, they end with greater finality than just a cyclical turn. this may not be 1982 stamp collecting level Armageddon, in part because the comics are the pop-culture engine. However, what CGC has done to the hobby has it parallels. The manufactured collectibility of a plastic case sporting a label and a number is backed only by the faith and interest of those willing to buy it. Little, if anything printed in the last 50 years is genuinely rare, including the subset that has been slabbed which only goes up, and suddenly your high census copy is average, and priced accordingly.
We are also entering the twilight of the boomer impact on pop-culture, the WW2 generation has largely passed. Comics are an artifact of their era. They created it all. Gen-X is the last generation to remember spinner racks, and cheap plastic super-hero Halloween masks at the grocery store. Just as Radio shows, comic strips, train-sets, pulps, westerns, have faded out, comics too have a finite lifespan. The MCU was the pinnacle of all our boyhood fantasies, to see what we could only dream of leap off the page of newsprint and onto a 4K high def screen. And then, like with most things, it became routine, repetitive, commonplace, and the last several years of movies, despite being cooped up during the pandemic, audience are largely...bored. The bulk of the population under 45 doesn't especially care about comics. They don't buy, read,slab and store them with the same fervor older generations would be inclined to. Sure, some here defy the odds, but you don't change the odds. They will never, ever match what previous generations felt, because their experience was very different growing up. They will gravitate towards those Pokemon cards, or some game system.
The majority of boomers are in their 70's, their stuff is going to flood all levels of resale and collecting. Much of it, stored away in their McMansions, garages, and storage units will not be absorbed by their children and grandchildren. They don't want it, can't store it, won't use it. I know this from experience, having spent the last few years winding down my parents, grandparents, and now in-laws houses and estates. Most of it went in the trash or was donated or given away. You need a set of wedding china? How about 4? The market will ultimately be awash in comics. Supply will exceed demand. that's just the way it is. It's just math, and math don't care about anyone's feelings or opinions or anecdotal experience.
I think this is spot on. I've been saying the same for a while. The supply is growing too fast and the demand is....retiring, selling, dying.
There will always be collectors, but I worry non-key books in mid to low grade will decline and then flatline for a very long time.
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On 7/28/2023 at 9:58 AM, Dr. Balls said:
So, the story about Joe Linsner is still archived in this thread here. My side of the story from 2014 is below in italics.
I remember when that went down. He was so hopelessly wrong, rude, socially inept, and an all around horrible person to a super-fan who was doing him a solid.
I'm unable to divorce his work from the gross man-child behind it.
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On 6/23/2023 at 5:47 AM, KCOComics said:
I really do think there is an easy answer. Set a reasonable deadline for all the back orders over a year old. Don't take new orders until they are done. Communicate effectively. Meet those deadlines.
I don't think he'd be able to keep the lights on. He's been paid for all those back orders and that money might be long gone. So no way to pay the bills while trying to catch up.
If he sent all the books back with an apology and a promise to make good when he can (if he can) that would at least stop the reputational bleeding.
We'd be talking about a failed business and not grand theft.
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Yesterday Heritage sold a Hulk 1 - CGC 4.5 for $26,400
Last year they sold a 4.5 for $38,400
Both books were off-white to white.
The one that sold last year presented incredibly well, so I'm sure that's why the hammer price was so high. But still, that's quite a drop.
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This is awful.
Does Mike even have all the books that have been sent in? yes or no
If the answer is "no" then where are they?
Was any of the work subcontracted to someone else?
Does Hero currently have the capacity to do the work people have paid for?
There's no reason to hold on to people's books. None.
Even if Mike wants to do the work and make good, if a customer wants a book back, send it. If it's lost, admit it.
- mr_highgrade, Ed Hanes, Dr. Balls and 4 others
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I don't know Mike well, but my interactions with him in the past have been overwhelmingly positive.
That being stated, I do think this is a situation where his recovery time is unknown, so he's been in a holding pattern (according to a former employee).
Also, it may be impossible to get books back right away if he's done the work and already sent them to CGC for regrading, so there's that wait factored in as well.
The whole thing is sad and a mess and I'm so sorry for those not made whole.
I'm so glad I didn't drop off my FF1 last fall. If I couldn't get that book back, I'd be on his doorstep wanting my book or some answers.
So glad he popped on the boards.
Mike, come back, people need answers. And their books.
- Kamenliter, Cnight, crazyhips and 6 others
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<-------------------- My favorite comic character is:
- WernerVonDoom and Off Panel
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Take FF 84, 88, 92, 98 at 30% off
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On 10/19/2022 at 1:54 PM, TC33 said:
X-MEN 50 CGC 5.5 2nd Polaris, Origin of the Beast! High GPA of $400, past 12 months $362 with the lowest price at $262 and 2nd most recent at $389. Board Price $299.
Coutstevo's Labor Day Sale: SS 3, Mystic 25, PCH, ASM 3 CGC 6.0, ASM 14 CGC 5.0 10% off slabs 20% off all raws in the thread
in Golden/Silver/Bronze Age Only
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