Hi Bronty,
I agree with your point about the "average person" that is a non-collector will not understand these prices at all. But that isn't really surprising because the "average person" that is a non-collector would probably not understand how prices operate for ANY art in the art market - including masterpieces from the Renaissance to more modern art like WArhol or pollock. As well as comic art and MTG. The average person doesn't know how price discovery works for any art.
My point was directed more towards the transition of these pieces of art from niche collectibles into "art" that maintains its price appreciation over the long run, say 100 years from now. In order for somebody to have the confidence to pay millions of dollars for a piece of art it will be required to show that the franchise can withstand the true test of time and remain relevant and significant.
I see comic characters as already having shown their resilience and popularity over almost 100 years in our culture while MTG art as still young and needing more time to make the transition.
To be clear, this is not a slam in MTG potential. Nor do I want to wade into the debate into "what is art ". My point was merely to draw the distinction between comic oa and MTG art and where price points are in each cycle right now.
I see what you're saying. The average person will see the historical significance of Spider-Man, Batman, etc, whereas Magic doesn't have that kind of following. A lot of it depends on Magic's staying power. Whether or not it branches out into something bigger. But it is big enough for a lot of these earlier pieces to bring six figures based on how many fans there are now, in the present day. Nobody can predict the future,( that I'm aware of) and in 10 years, or 100 years Magic could fade into obscurity, and the prices will drop permanently. Money aside, I'd rather have any alpha cards OA then any Picasso, Monet, Pollock, etc. To each their own.
Exactly. My attitude is buy what you like but be prepared to take a loss and have the art on your walls forever. I too would rather own a piece of art that has meaning to me then just buy art because somebody tells me that its "good". I think that is why comic OA has such amazing potential because with the movies and globalization, there are many people that like the comic genre.
And to Bronty's point - it's nearly impossible to predict anything so far into the future. Will Spider-Man remain popular ? New mutants ? MTG ? Who really knows anything ?