domuhnator

On 12/1/2021 at 3:15 PM, Chicago Boy said:

Thanks for letting us know.  I like the 7 day auction timeline personally.

No problem! There's some cool books available. We split this one up a little more. We had the preview from the 22nd to yesterday then the bidding portion from the 31st to the 8th. 

The Next auction is officially open for bidding! Hopefully there's a few books you guys like in there. I highlighted a few of my favorites. Auction Close is December 8th. If anyone needs help getting there account set up let me know! 

There's also some super rare/high grade GA books graded by the other guys I couldn't share. 

https://goldin.co/buy?view=list&number_of_lots=24&page=1&Category=Comics

Hi All. 

Our next Comic Video game and TCG auction is starting shortly on November 20th. We have a large selection of Goldin age through modern available to bid on, the auction will be up and running on our new and improved website shortly! This auction is going to have much more affordable lots while maintaining the high level of quality that Goldin is known for. 

We also are rolling out a new referral program! For anyone who connects us to a new successful consigner 1% of hammer price of the consigned lots will be given to you. All you need to do is make the connection! If anyone is interested in this program please feel free to reach out to me! Were looking for premium consignments for our Jan/Feb 2022 Premium Elite auction. There will be a much higher overall value in the auction with it more closely replicating our last auction with the 8.0 Batman 1. 

Thanks so much - Dom 

On 10/6/2021 at 10:00 PM, Sweet Lou 14 said:

Welcome to the party ...

I decided to create an account on the site so that I can bid in comics auctions.  But then I started getting absolutely bombarded with emails about sports card auctions I don't want to bid on.  I had to unsubscribe but I did send an email humbly suggesting that Goldin offer some more granular subscription options, like Heritage does.  That way I can stay informed about comics without having to wade through dozens and dozens of emails that aren't relevant to my collecting interests.

I have not received a response, but since you are referring to Goldin as "we" I figured I would let you know.

As far as im aware Its an all or nothing deal with emails at the moment. Im very sorry about that. But I did put in an internal request that we should have the option to send emails to people based on the different categories they are interested in. 

- Dom

On 9/28/2021 at 9:32 AM, bpc3qh said:

Thanks. Since Goldin can't get the preview up on its website, has it considered sending something out via email to past bidders and/or interested parties with a list of books with photos, perhaps?

We have not done so in the past. Most likely that wont change for this auction. But we are evolving and listening to feedback. Im all for giving people a heads up. But until we're on our new platform our auction dates and deadlines are more going to be more fluid then most other auction houses. So management might see it as more trouble than its worth sending out an email blast with information and lots that are subject to change. Also by not doing a long preview, it also allows us to take items right up to the day before auction start. 

As I said though I expect pretty much all that to change later this year. But for right now thats how it is. 

On 9/27/2021 at 8:49 PM, bpc3qh said:

Do you have any sense for how big the next auction is going to be, in terms of total books? The first auction seemed deliberately small and curated, so I'm curious if the second one will be more expansive (or if you're gonna keep it small until the new platform is up and running).

From a number of books it will be much bigger. But for this next auction the overall $ amount per lot will be much lower. We want people to be able to get in at all levels from $1000 to $1000000. 

On 9/27/2021 at 10:31 PM, lou_fine said:

Well, wasn't Fishler already selling key GA books to some of his teachers and also to others when he was still in high school?  

I can't claim to have sold books in high school. But I was close!

On 9/27/2021 at 3:06 PM, Chicago Boy said:

Not sure how platform limitations keep you from previewing comic books a month early as opposed to the day before ?  That makes as much sense to me as Ken Goldin having a comb with all its teeth.........

Our current platform only lets us have one auction up at a time. It doesn't even let us have multiple auctions even if one is just a preview. But as I said this will change later this year. 

On 9/27/2021 at 1:32 PM, Chicago Boy said:

Here's a  couple guesses .   Goldin doesn't know what it is doing when it comics books...... or most likely they have no books currently to auction because no one in their right mind would give them a book to hock without a back room deal this early in the ball game 

 Its due to platform limitations, Nothing else.  

On 9/27/2021 at 1:17 PM, Mmehdy said:

so we will have no idea what is coming up on the comic book auction until 24 hours before the auction opens?....HA does not nor CC or CL wait until 24 hours, is there a specific reason why you are waiting till a day before?

On 9/27/2021 at 1:37 PM, Aman619 said:

Dom seems fine... being upfront and cheerful.  Goldin has catching up to do... it won't be easy. But we all know from experience that we will buy the books wherever they are, so they know what they need to do.  

Hey Dom, convince them to start previewing books as they are consigned starting say a month in advance. it build awareness and excitement... gets the work out to pay attention to you.

Thanks, It is planned. Believe me I like the long previews, Im on the same side as you. Its just limiting on our current platform. But that will change by the end of the year when we migrate. 

On 9/27/2021 at 11:34 AM, Chicago Boy said:

Thanks for letting us know your "young".  Actually with the above response we kind of figured that out n our own.  When's the next auction and what are you able to share in regards to an advanced look ?

The next auction will be mid November. There will be a preview the day before the auction opens. 

- Dom 

On 9/27/2021 at 10:12 AM, bpc3qh said:

Dom, you haven't exactly put your best foot forward, except that Goldin decided to hire you. You said you've been selling and buying for 8 years, but haven't given much details about where and what you've sold, who you buy from, etc. And you now seem to dismiss people who've been doing this for 4-5x as long--the same people who, you know, you want as future customers and consigners. You're betraying a lack of experience in this very moment.

If I came off as dismissive of anyones experience that was not my intention. My apologies. 

I don't believe anyone ever asked for details regarding my qualifications. Sorry if I missed any questions direct at me. But Im an open book, ask me anything you like. 

On 9/26/2021 at 7:52 PM, jimbo_7071 said:

No offense, Dom, but that makes you a newbie to many of us. Most of the guys here have collecting (and often dealing in) comic books since the 70s or 80s, and there are several guys here who have been buying and selling since the 1950s. We have one guy who bought his collection of the stands in the 1940s.

It's hard to see how someone so new to the hobby would have the breadth of knowledge or connections required to find the quantity and quality of material needed to make an auction a success.

I guess being young and hungry doesn't count for as much as I thought then! Oh well. Im going to do the best I can with what I have. I never claimed to have as much experience as most of you guys. But inexperienced is hardly a word I would use to describe myself. At the end of the day I made it though a very rigorous hiring process. Goldin is not the kind of company thats just going to hire anyone off the street for this job. They believe in what I can bring to the table as much as I do. 

If you could add Goldin Auction to the list as well that would be great! We just finished our first of many comic auctions with a focus on big SA keys. 

https://goldinauctions.com/auctionresults.aspx

On 9/21/2021 at 10:18 AM, lou_fine said:

 

It actually looks like it's the hammer price plus another 23% on top, so I imagine the extra 3% must be for some type of payment fee.  

The site now shows the AF 15 with a hammer price of $575K with a final price of $707,250 while the Bat 1 had a hammer price of $1.2M with a final price of $1.476M, with both books getting an additional 2 bids during the extended bidding sessions.  

23% is if you pay by credit card. Its 20% if you pay by any other form of payment. 

On 9/21/2021 at 4:12 AM, lou_fine said:

That's why all of the major comic book auction houses run their auctions over multiple days which would take care of your concern.  

Instead, it sounds as though you have your 1,000 to 2,500 auction lots all initially set to end at the eact same time and then it's up to the bidders to keep track of all of the individual lots they are interested in.  This sounds like a pretty formidable task for any potential bidder to be able to maneveur through, especially if they have a large number of books which they are interested in and most of them going into extended bidding.  Sounds as though they just might need a whole lot more than 30 minutes based upon the auction format which you are using with all your hundreds, if not thousands of lots set to end at the same time prior to the extended bidding sessions.  

I guess this probably goes a long way to explain the low number of bids and extended bids which your lots tend to receive as compared to the other major auction houses like Heritage and CC where a lot of their bidding activity is actually done right at the end during the live or extended bidding sessions.  Perfect examples being your CGC 8.5 graded copy AF 15 which received only 7 bids while a CGC 8.0 copy sold a few weeks ago at CC received 40 bids and your copy of Batman 1 received only 15 bids while the one auctioned off on CC recived a total of 65 bids.  

Sure, and lot of the auctions are multiple days already. But its the way Goldin has been running since 2014. All the card guys are used to bidding on 20-30-40-50 lots and keeping an eye on them. Overall its generated record after record sale. Im not saying its the best way. But it works pretty good and im sure all the new registers will adjust fast.

That doesn't really tell the whole story though. Sure batman 1 only got 15 bids but It also started at 250K. 50 of the bids on CC are ones from when it started at 1$ not to mention that the increments on CC are TINY. For lots over 1 million CC increments are 25k. Ours are 100K so every bid placed on Goldin is worth 4X what one CC bid is worth. This also helps with the 30 minute reset, each bid on Goldin gets you to the final bid much faster. 

On 9/20/2021 at 8:48 PM, Chicago Boy said:

Next pieces at auction will tell a lot I think what direction this is heading.  How did the video games fare post all the WATA talk ?

Video games were more of a mixed bag. There were still a lot of record breaking sales for many different games and platforms. But there was a handful of items that I think will look like very good buys in the future. 

On 9/20/2021 at 6:55 PM, bpc3qh said:

My understanding is that Goldin has pretty robust procedures in place to prevent non-payment. I'd expect all the winning bidders to pay.

Robust is an understatement. You have to physically prove you can pay for whatever invoice you want to generate. 

On 9/20/2021 at 2:00 AM, lou_fine said:

Are you saying that ALL of your individual auction lots ends at exactly the same time and then go into the 30-minute extended bidding sessions from that point on depending if there are any further bids?  

If so, that is indeed a ton of lots for a potential bidder to try to keep track of.  In that case, the CC auction model would definitely be a lot better with lots ending something like 30 seconds after each other, with any further bidding on a lot resulting in an additional 3-minute extended bidding session.  

Correct, But when a bid is placed in the last 30 minute the timer resets. So stuff normally doesn't end at EXACTLY the same time. 

Well, not really. With the larger auctions 2500 lots or so, or even 1000 lots. If they were all staggered 30 seconds the auction would be waaaaay too long. I Don't think anyone has the attention span to sit at a computer for 10-20 hours if your interested in one lot every 100 or so. 

On 9/19/2021 at 1:34 AM, Aman619 said:

I was on Goldin site from the time it ended at 10PM. I watched a total,of maybe 6 bids on 18 comics and it took over an hour of watching paint dry.  If I were bidding I’d sure want it to go quicker.  Maybe 3 minutes is too short if you are trying to keep up with many books you are bidding on… so 5 minutes? Ten minutes tops?  Also I don’t get why you can’t bid in the extended periods if you hadn’t placed a bid beforehand?  I get that this rule prevents unqualified bidders from jumping in and messing it up if Golding hasn’t verified identity and payment ability.  So have anyone who plans to bid only in the extended periods prequalify beforehand.  I mean, it isn’t just to squeeze one more bid increment out of each bidder who seriously is out to win the lot?

Its a carryover from the Card auctions. Normally they are 1000+ lots and There is quite literally not enough time to Bid on everything you want in 3 minuets or even 10 minutes. 

The pre bid to qualify is so that any item you are seriously interested in shows up on your page with bids. Its a lot easier to track items you have bid on vs ones on your watch list. They system is really set up for auction with many many more lots. I realize its overkill for an auction like the one last night. 

We have been working on a 100% Ground up platform that will launch later this year. It should be a little easier to use. 

On 9/18/2021 at 11:27 PM, lou_fine said:

How long does their extended bidding goes becasue it sure seems to be much much longer than the 3 minutes that's in place for CC?  

30 minuets. Timer resets every time a new bid is placed.

On 9/18/2021 at 2:16 AM, Larryw7 said:

Dom's a good guy. I met him when he picked up a Captain America 74 I sold to his friend. Very knowledgable and a really nice person.

Thanks Larry! Its always a pleasure to meet up with like minded guys. 

On 9/17/2021 at 6:50 PM, bpc3qh said:

Why should we be motivated to work with Goldin when someone in your position doesn't think to check this board, or even do a forum-wide search for "Goldin"? The attention to detail seems lacking, when this is supposed to be such a big deal.

As I said it was an oversight on my part and I really am very sorry I missed this thread. When the auction went live I did make a post in the business promo section. The past month has been the busiest of my life prepping this first auction and getting ready for the next. It is not a simple process to build out 3 totally new sectors at the same time. 

You should work with me because I am going to be the most available and easy to deal with consignment director you have ever used. I'm going to get you the absolute best rates I can, and were going to market the you know what out of your books to our existing bidder base that spends over 300 million dollars a year (and counting)  with us.

On 9/17/2021 at 6:12 PM, lou_fine said:

Well, looks like it already did as it's now sitting at $1.01M dollars with a total of 13 bids to date so far.  

 

Hey Dom;

Unlike Heritage which clearly specifies the hammer price as opposed to the price including the 20% BP, can you confirm that the amount of $1,010,000.00 that we are currently seeing (for now that is) is the so-called hammer price with a further 20% to be added on top in order for us to get to the final result?  

It is 20% in addition to the current bid. I apologize for not explaining that clearly. We are working on a few platform currently where that will be a feature from my understanding. But you are right it is not currently shown in the hid.

 But yes 20% on top of the current bid.  

On 9/17/2021 at 5:10 PM, Aman619 said:

Sounds great,  thanx for the info.  A small nit perhaps, but having collected since 2013, you never discovered the CGC boards til now?  And knew the Golden Age and other sections contain many high end collectors? Guess our reach here isn’t as wide as we like to think!

Oh no, I have been on the boards since 2015 and lurking long before that. At one point I was a fairly active member. This is my original account and my profile pic is my old Silver Streak 6. Although I will admit my activity on the boards recently has been almost none.

As I said it before missing this thread was an oversight on my part. I Should have checked the Golden age thread as soon as I started. I should have known you guys would have had a thread on the auction. So I apologize leaving you guys in the dark for so long. 

- Dom

Our Auction is coming to a close Saturday night at 10PM eastern! If anyone needs assistance with account or bidding limits let me know. We are also allowing people to consign books against open invoices. 

Here are a few Highlights of the auction so far with many more books going strong. https://goldinauctions.com/catalog.aspx