Crowzilla

On 3/9/2022 at 4:26 PM, RareHighGrade said:

it's already at 6x condition Guide with 4 days to go.

isn't $4920 "only" about 3.5x guide?

I believe this book has the same BC as Tec 26 and Action 11, but it has always had strong demand due to it's great cover (and maybe the Double Action overlap?).

On 3/6/2022 at 9:00 AM, G-G © ® ™ said:

The whole deal is a moot point for most of us. As someone who does not collect for investment, if I were offered a 9.6 Tec 27 restored up to the hilt, or one that was a down to earth 2.0 with nothing done to it...that is the one I would like to own.....personally. 

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

On 3/5/2022 at 9:19 PM, Gotham Kid said:

when an extensive restored Tec27 hits 300k, that ship has sailed for a LOT of us sadly ...

On 3/5/2022 at 10:24 PM, G-G © ® ™ said:

I think the guy wants 3mill.  

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?

On 3/4/2022 at 11:57 PM, Point Five said:

I had to Google this. Very cool!

 

On 3/5/2022 at 1:58 AM, Gotham Kid said:

+1

Did no one watch Wandavision?

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

On 3/3/2022 at 1:12 PM, sfcityduck said:

You four above this post are definitely master debaters!

On 3/3/2022 at 5:17 PM, fishbone said:

yes, agreed of course - if this is how it works with the biggest books at HA.......I do know from a friend that proposal for sellers fee  waived and give back of 1/4 of the buyers fee for a very big book -- but maybe with tougher negotiating it could get to 1/2. 

Seller's fee waived and 1/4 of BP is still more than the hammer on the CL copy.

On 3/3/2022 at 10:20 AM, MrBedrock said:

I refute your conclusion  that the story has any measurable impact on pricing. I refute your conclusion that the story could cause Heritage to possibly be liable for fraud. And from another thread I refute your conclusion that Don Maris is a good source for buying properly graded comics. 

I reiterate, repost, and reaffirm these refutes

On 3/3/2022 at 12:00 PM, fishbone said:

yeah, don't know 100%, but I do know CL is straight 10% sellers, but HA 10% sellers plus 18% buyers - that's 28%..........and even if, say, HA waves most of sellers fee, that's still almost 20% in Heritage's pocket ..... unless HA gives even better deal then that on a 300K book 

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.

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.

On 2/26/2022 at 2:42 PM, adamstrange said:

When Jon visited me...

 

Looks like a 9.6 there, what did you do to it?

On 2/23/2022 at 7:13 PM, LDarkseid1 said:

Would you rather own the Batman #1 CGC 3.0 unrestored or the Detective Comics #27 CGC 7.0 with a solid amount of resto?

 

Have a feeling these will not end up as nearly as close as they are now

Finally a chance to post this again

On 2/22/2022 at 12:03 AM, LDarkseid1 said:

Yeah that 9.4 sale for $1.25 mil as I recall is going to be quite the deal once this copy is finished.

So is the WC copy that went from 8.5 to 9.0 to 9.4 better than the Pay Copy that went from 9.0 to 9.2?

In my mind it's just not even close.

On 2/7/2022 at 12:57 PM, Jordysnordy said:

Practically impossible to upgrade my registry set after this pickup.

?

On 2/20/2022 at 12:08 AM, lou_fine said:

Or the other strategy is to buy the red hot MCU related books at top of market or close to it and sell them when they come crashing back down to Earth after the movie comes out.  

I wonder if with this new fractional shares company you will finally be able to short comic futures?  Maybe now is a good time to cover those shorts on Special Marvel Edition 15s and Spidey 300s from last summer.

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.

On 2/17/2022 at 1:21 AM, RareHighGrade said:

I agree.  Although all of the pre-hero Adventures commanded very strong prices in the auction, I expected the heaviest bidding to be on the NA 24, rather than the 33 and 38.

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.

On 2/16/2022 at 7:42 AM, tth2 said:

The Billy Wright Collection might've gone for a few million at the most, which is not chump change, but it wasn't generational wealth kind of money like the Promise Collection has generated.  Berk's collection, while not OO, raised $5-6 million if I recall correctly, which I believe was the most a single collection had raised until the Promise Collection.

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.

Have you attempted to contact Robert's son? Or are you giving the family privacy in hopes that Heritage will answer?

On 2/14/2022 at 1:40 AM, lou_fine said:

So it's all about the back covers here and not so much about the classic Flessel front cover images. 

Well, how utterly devious and definitely food for thought here.    

I love Flessel myself, but you are kidding yourself if you don't think the back cover to a Tec 27 is extremely valuable.

On 2/13/2022 at 8:08 PM, RareHighGrade said:

The big winners in today's auction were Adventures #33 and #38.  Although they are both restored, they went for, respectively, 9x and 11x unrestored Guide prices.  What the . . .??   

Do they have the same back covers at Action 7 and Detective 27?

On 1/23/2022 at 12:45 AM, Aman619 said:

I seem to recall Four Color Comics selling the pay copy and the Motion Pictures Funnies copy to Geppi...  Anyone else?

Yes, and then it passed in the above-mentioned Sotheby's auction. And people may argue whether the Marvel 1 is nicer than the Church, Denver, WC, or some other high grade copy, but there is no question the MPFW is much, much better than the next best surviving copy.