It actually has never bottomed out at that range. The only sales under $300 occurred during the infancy of CGC, and long before the demand for Harbinger shot the price up to $2500. The past year or so the book has oscillated around $300-350, ending closer to $350.
From what I understand, the books he lists are based on the # of bids, not the price.
FWIW, the suckers were the ones that bought Harbinger #1 at the highs. There were plenty of HG copies to go around and it was only a matter of time for more to surface. Just like any BA/CA/Modern #1 or key, there will be more highest graded copies on the census over time and that will bring prices back to reality.
Actually that particular post had to do with the number of watchers, not the price.
I think you are a little strong with your characterization of the supply of high grade Harbinger 1s. Given a book that sold from $2500 down to $350, there are still only about 100 9.8s on the census which has grown very very slowly for a 90's "big money" book. Compare to Batman Adventures 12.
Certainly there was little support for a 2500 price given even a slowly growing census count, but it still is a legitimately tough book to grade out at 9.8.
It is tougher than other books from that period, but at an estimated 48,000 print run there are plenty of potential 9.8s out there in long boxes and store stock that have not come out to play yet. The question is how many people are willing to pay the $250-$350 for it if the current series fails and there are no movie/tv prospects to inflate prices?
When I look at the number of so-so Image books being optioned, I keep wondering if Valiant will ever get something on the big or small screen.
Harbinger 1 doesn't have a TON of downside in CGC 9.8 in that price range. It's a relatively tough 9.8, has a very low print run for its era, is a classic book that a lot of people have some nostalgia for, and the characters are back in print for now. Even if the current series died, it's already renewed some interest in the book.
Certainly. You don't need to be a Valiant collector to want a H1 9.8 in your collection. It is a legit modern era key book. I would put it in the top 10, and I can't see it out of the top 20 in any serious list.