tth2

On 3/31/2024 at 4:19 AM, Gotham Kid said:

looking at the Wondercon wall pics, I see it was Metro that won the Tec 168 9.4

Anyone know what the asking price was?

On 3/30/2024 at 1:34 PM, Hepcat said:

 

Incidentally, whatever possessed you to sell in 2007(?) the high grade collection of Flash, Justice League of America and other DC titles you had painstakingly acquired in the 1980's and 1990's? (I bid on some of those Flash issues from 1961-62 and was absolutely annihilated.) Did you completely lose interest in those titles or what?

The collection had stagnated as very few new books were coming to market, and I was getting blown out of the water on those few that did come to market.  Also, I was becoming disenchanted with CGC because of pressing and wasn't happy at the prospect of my books becoming middle of the road copies, so I decided that rather than fighting the market, I would sell into it.  For the Flashes, that turned out to be a good decision because the prices realized remained the high water mark for a long time, even though as expected the Census ended up getting seriously diluted.  For example, the Western Penn Flash 129 in 9.4 is now one of many 9.4 copies and below many 9.6 and 9.8 copies that have subsequently been slabbed by CGC.   

Definitely don't store them somewhere in the house while it's being renovated.  Why can't you store them wherever you're staying while you're waiting for the renovations to be finished?  Or maybe in a friend's basement?  There've been so many horror stories about theft from self-storage places that I'd be concerned about using off-site storage.

On 3/29/2024 at 11:56 PM, Hepcat said:

Stocks pay dividends, and those of well managed companies deliver dividend growth.

I am really enjoying this trip down memory lane to the 20th century, except this time it's to the 1950s!  

On 3/29/2024 at 11:51 PM, Hepcat said:

On 3/29/2024 at 5:02 PM, tth2 said:

I'd be willing to bet the 145 9.8 copies, 369 9.6 copies, 567 9.4 copies, 758 9.2 copies and 1033 9.0 copies of Incredible Hulk 181 in the census that comics are fungible and there is a deep market. 

To label collectors they're fungible, but we comic collectors are interested in and buy the comic not the label.

I'm really enjoying these trips down memory lane to the 20th century! 

On 3/29/2024 at 8:14 PM, MAR1979 said:

MCU no longer fueling the back issue fire as it did for near 15 years and burst from the bubble have caused drove after drove to leave hobby.

This.

As incredible as Marvel's record was from the release of "Iron Man" through the final Avengers movie, its record since then has been equally incredible.  But unfortunately, incredibly bad rather than incredibly good.  It seems like it's just been flop after flop.  

On 3/29/2024 at 12:30 AM, Hepcat said:

The spread between the bid and the ask is much too great, transaction costs are egregious and there's next to no price continuity in comics. The middle man (dealers, auction houses, etc.) is the one who always profits from switching. Anybody else has the cards stacked against him.

If I'd read your post before the rise of the internet, I would've wholeheartedly agreed.  Back in the day, dealers would sell at Guide or multiples thereof and buy at half of Guide (or less), to the extent they'd buy your comics at all, and price rises were incremental except for the hottest books.

But post-internet, eBay, auction houses, CGC and GPA, transaction costs are around 10-20% at most and prices can move up very fast.   

On 3/29/2024 at 12:30 AM, Hepcat said:

Comics aren't fungible and consequently there's very limited market depth.

I'd be willing to bet the 145 9.8 copies, 369 9.6 copies, 567 9.4 copies, 758 9.2 copies and 1033 9.0 copies of Incredible Hulk 181 in the census that comics are fungible and there is a deep market. 

On 3/28/2024 at 9:50 PM, maraxusofkeld said:

Does anyone think the state of the economy has more to do with it? 

Given that we've got a booming economy, full employment, wages rising faster than inflation, US and global stock markets at record highs, gold (the metal, not the age) at record highs, crypto at record highs, and real estate prices that remain very high, wouldn't that indicate that comic prices should be rising?  

On 3/27/2024 at 11:13 PM, nearmint said:

I can't imagine anyone having their Supes #1 reholdered.  Why pay thousands of dollars to risk finding out (and announcing to the world in the notes) that you don't have a 1st printing?  Unless you owned the book raw and know that it is.

It's no different than all those sports card guys breaking boxes.  They were paying thousands of dollars to risk finding out publicly (because most of these guys were doing them live on Youtube) that there were no valuable cards in there.  But if they did find some super valuable card in there, then they more than made up for their losses.  So I guess the willingness of people to reholder their Superman #1s and take the gamble will really depend on the difference in value between the prints.  

On 3/28/2024 at 7:21 AM, buttock said:

You think a scan will be up in time for the auction?

Uh, what do you think that picture was?

On 3/27/2024 at 4:26 AM, cstojano said:

On 3/26/2024 at 10:34 PM, tth2 said:

But anyone who chose to consign to Clink should've been aware of its limitations but decided to consign to them anyways.  So they need to accept the consequences of their decision.

I always assumed it was long time friends, people who aren't that active in the hobby, and the increasingly high number of people turned away by heritage. 

That might be the case, but regardless of their motivation for consigning to Clink, I'm not sympathetic if they achieve lower prices than expected.

On 3/27/2024 at 12:08 AM, GreatCaesarsGhost said:

On 3/26/2024 at 12:03 PM, tth2 said:

I already posted my thoughts on it.  It is no doubt OA-like defensive/price-support bidding by other Action 1 investors.

People willing to take the “Oops, I’ve now got 2 Actions 1s” risk

They're investors, not collectors.  Acquiring another Action 1 for purposes of controlling the market is perfectly fine.

On 3/26/2024 at 7:42 PM, KirbyCollector said:

The point of my post was CL's policy against watchlisting notifications led to some of my fellow collectors receiving less money. Frankly, I hate that. Perhaps a $1000 or $1500 shortfall on a page is nothing to you, but to some poor collector trying to meet the bills when the cost of everything is running higher, that extra "Grey Poupon" on a sale sure tastes great.

But anyone who chose to consign to Clink should've been aware of its limitations but decided to consign to them anyways.  So they need to accept the consequences of their decision.

On 3/26/2024 at 7:31 AM, Bookery said:

There really aren't any pedigrees in pulps like there is with comics (at least so far).  The only one considered a pedigree is the Yakima books, but even they were primarily from near the end of the pulp era, so nothing like the Church collection in terms of scope.  There are probably more likely to be provenance collections (like the Frank Robinson collection) than actual pedigrees like comics (i.e., purchased off the newsstand by a single buyer).

There are many comic collections that are significantly less noteworthy than the Church collection, but they're still given pedigree status.  So I don't think pulp collections should be denied pedigree status just because they don't meet the Church threshold.

Yakima sounds like it already has market acceptance as a pedigree, so CGC should recognize it, just like they recognized a number of pedigrees that had long been accepted by the market before CGC came around, even though some might not have received pedigree status if they'd been assessed under more recent tighter criteria. 

On 3/25/2024 at 10:06 PM, Bronty said:

On 3/20/2024 at 11:46 AM, Vintage_Paper said:

Currently up to $4,200,000.00  ($5,040,000.00 with buyers premium)

I find bidding if that strong that early to be.. curious.   

On the one hand you'd better be pretty darn careful trying to shill something with a 840,000 BP.    On the other hand WTF is anyone thinking bidding 5m two weeks before the auction deadline.    Doesn't seem to be a reserve on the lot.

Curious as to other people's thoughts on that.

I already posted my thoughts on it.  It is no doubt OA-like defensive/price-support bidding by other Action 1 investors.

I've read through the passionate debate in this thread and decided...

I don't care.

On 3/25/2024 at 7:17 PM, KirbyCollector said:

I'm guessing you are that guy still presenting a paper ticket at the airport 

On 3/25/2024 at 3:54 AM, DanCooper said:

On 3/25/2024 at 12:30 AM, namisgr said:

The Tales of Suspense is currently at $576,000 with 11 days left of internet bidding and a live auction to come.

It's got a LOOOONG way to go to turn a profit or break even!

Sold privately on ComicLink back in September for $2mm:

https://www.comiclink.com/service_text.asp?3673

One simple post can evoke so many reactions in me all at once! 

On 3/24/2024 at 9:52 AM, Aman619 said:

who owns the 9.0s?  Metropolis?  wow!

Sort of makes you wonder how real the Action #1 market really is.

On 3/23/2024 at 7:00 PM, marmat said:

One modern with notes like this would get a purple 7.0

Which one?

On 3/23/2024 at 1:03 AM, Will_K said:

I asked HA to stop sending catalogs to me.  Not a fan of receiving those postcard type mailers.  But those waste much less paper.

Ditto.