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Everything posted by Crowzilla
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Agreed. But asking price not withstanding, the 2.0 is the more valuable (and easier to sell) item. The question now appears to be, how much value does a super key lose if it is restored? for sure we are about to see a coverless Tec 27 break the six figure barrier. And we just saw a 7.0 restored sell for less than $300K. But a 2.0 unrestored is fast approaching (if not already) a million bucks (the 3.0 Action #1 was $1.4 million, so a 2.0 of either should be very close). So why is the 7.0 restored valued (in theory) less than a 1.0? In the 80s and early 90s when restoration started to become the "in" thing, the theory was that a restored book was worth about halfway between the value of what it started life as and what it appeared to be after resto. Then the valuation switched to the value of an unrestored copy plus the cost of work done, but for sure (as relates to mega keys) the value now takes a hit compared to the unrestored copy. Look at the #woowoo copy. He had a nice solid low grade unrestored. 100% guaranteed if it was still untouched it would be $500K or more in the marketplace, but since he had it restored, he would now be lucky to get around the $300K the last copy just auctioned for? That's silly, but it seems to be reality right now. It's the same for Batman #1 and Superman #1, you can't buy a Supey 1 in 1.0 for under $100K, and probably a Bat 1 in 1.5 for 100K, but it's still pretty rare to hear of any restored copy hitting six figures - even though most of them started out in the 2.0 range or so
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I am kind of thinking along the lines of Gotham Kid. What is the difference between a 7.0 restored and a 9.6 extensive restored? Not price-wise, but actual restoration wise. Couldn't the 7.0 be worked up to look more like a 9.6? Most restorers stop as they approach the line that the book will be more paint than book, but the frankenbook people obviously don't. How much more work would it take to keep painting those 7.0 blemishes away so you have a very very extensive 9.6?
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Did no one watch Wandavision?
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Don't know if the buyer of the Promise copy of Bat 1 was common knowledge, but I saw a pop-up ad today by one of the Sharktank guys promoting it over at another fractional share place. It's "only" got a 20% mark-up from the sale price of 4 months ago. https://www.startengine.com/batman1
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The story of a promise made during the Korean War
Crowzilla replied to sfcityduck's topic in Golden Age Comic Books
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Seller's fee waived and 1/4 of BP is still more than the hammer on the CL copy.
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The story of a promise made during the Korean War
Crowzilla replied to sfcityduck's topic in Golden Age Comic Books
I reiterate, repost, and reaffirm these refutes -
The usual on a book like Tec27 at Heritage is for the consignor to keep all the hammer and split the buyer's premium with Heritage. If that was true for the Tec27 in this case, the Heritage consignor pocketed more than the selling price of the CL copy.
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The story of a promise made during the Korean War
Crowzilla replied to sfcityduck's topic in Golden Age Comic Books
Heritage only has an obligation to respect the consignors wishes, which at this point looks like it might well be to speak no more about the origins of the collection. CGC only has an obligation to be satisfied that the collection meets the criteria for being a pedigree: size - check, condition - check, age - check, and it looks like it checks the box that it was all put together by a single purchaser at time of release. So all good. -
And as we know from years and years of experience, Overstreet is always correct about values.
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Looks like a 9.6 there, what did you do to it?
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ComicLink's Next Event Auction has started posting books !
Crowzilla replied to Gotham Kid's topic in Golden Age Comic Books
Have a feeling these will not end up as nearly as close as they are now -
Captain America Comics 1 CGC 9.8
Crowzilla replied to Tim Frommelt's topic in Golden Age Comic Books
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Captain America Comics 1 CGC 9.8
Crowzilla replied to Tim Frommelt's topic in Golden Age Comic Books
Or he can get the 9.4 coming up at Heritage. Nothing wrong with having the 2nd nicest copy -
So CC sold the Larson Bat 1 for $390K in 2016 (which was probably still a bargain at that time). The next time it appeared it had a just under $1 million asking price on CC, but didn't sell, only to resurface and "sell" for $1.44 million in the first Goldin auction in September. and now they are helping to sell it again, this time for $1.8 million to a fractional share company.
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Post your Golden Age Adventure/New Adventure/New Comics
Crowzilla replied to RareHighGrade's topic in Golden Age Comic Books
Can't use that back cover for an Action 1 or any other way more valuable book (would you really remove it for Detective #12?). Was still a low grade restored book that brought triple guide, not too shabby. -
The story of a promise made during the Korean War
Crowzilla replied to sfcityduck's topic in Golden Age Comic Books
The Promise Phantom Lady #17 and Detective #140 combined sold for a higher price than the Wright Detective #27 (6.5) and Action #1 (3.0) combined when first offered. -
The story of a promise made during the Korean War
Crowzilla replied to sfcityduck's topic in Golden Age Comic Books
Have you attempted to contact Robert's son? Or are you giving the family privacy in hopes that Heritage will answer? -
Post your Golden Age Adventure/New Adventure/New Comics
Crowzilla replied to RareHighGrade's topic in Golden Age Comic Books
I love Flessel myself, but you are kidding yourself if you don't think the back cover to a Tec 27 is extremely valuable. -
Post your Golden Age Adventure/New Adventure/New Comics
Crowzilla replied to RareHighGrade's topic in Golden Age Comic Books
Do they have the same back covers at Action 7 and Detective 27? -
Action 1 Rocket Copy & Tec 27 CGC 4.5
Crowzilla replied to Chicago Boy's topic in Golden Age Comic Books
I remember when the owner of Mastronet auctions was buying comics. He was a nice guy but forgetful (had a pretty Detective #27 that he couldn't remember where it was). Wonder whatever happened to him...