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Lunchbox-migration

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Everything posted by Lunchbox-migration

  1. I don't think they view themselves as a short-term business, they've been around for 12 years. There is a theory out there that the persons/entities that own CGC make their money not off of submission fees, but off of the profit made in buying, selling, pressing/resubmitting 3rd-party certified books and the profits that have been made in the back issue market over the last 12 years. But that's just a theory, otherwise I have no frickin' idea why a company booming with business cannot increase the size of their company to meet the demands of their customers. How exactly would that theory work? I mean, it's not like eBay is giving CGC a kickback for every slabbed book that gets sold on their site ... :shrug: With the persons/entities buying books and slabbing them for resale themselves just like anyone else would do, except they are on the inside and have infuence over things like the acceptance of pressing getting a blue label. You can make hundreds/thousands on individual books this way, instead of the peanuts you generate with slabbing fees. Not supporting the conspiracy theory, just giving my interpretation of what others have suggested. In the "Can you fake a slabbed book?" thread (I think that's one of many where this has been discussed), it was pointed out that Jim Halperin is a 25% share-holder in CGC, and he's also the co-Chairman of Heritage Auction Galleries. Read the online Forbes article about this this gentleman and draw your own conclusions. Follow the money! AFAIK, there's never been any official disclosure about what individuals make up the ownership of CGC. That's an interesting fact when you consider that the company's business is selling trust. If you don't know who owns the company, how can you trust their opinions? Halperin did come on here and officially disclose that he and Ivy own some stock in CGC, though: http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Main=34395&Number=625815 "1) My partner Steve Ivy and I own a minority position in CGC -- entirely non-voting stock. We have no control whatsoever over CGC grading, hiring, or company policy. It was purely a financial investment (and so far not an especially good one, though we like and admire the company and its managers very much). Neither we nor CGC have ever made any attempt to hide our investment from anyone. We get the same treatment from CGC as every other dealer, and we submit our books through the same anonymous process as everyone else. "
  2. P.T. Barnum was right! you could say that about the entire modern comics market....any line you draw is arbitrary. One book versus another? , it is what it is right now, might it be something different some day? likely, only time will tell. "The truest characters of ignorance are vanity and pride and arrogance." Samuel Butler I think you missed the part where he said "it's raw". But you're right, that's not the only part of being a sucker in this example.
  3. Are some of you people actually complaining about the swearing? Had you heard of Grant Morrison before this book? Better not read The Filth, your prudish heads will explode!