Darthbryan

What are the GSX1 results in higher grade?

On 9/26/2021 at 10:32 PM, WoWitHurts said:

I am priced out and have stopped buying almost entirely. I did buy some copper ASM in KC a bit back only to find most of the back covers to have holes in them. Overpriced and certainly over graded. I just threw them away. Disgusted. 

Sounds like the shart I was getting in claim sales when I experimented with that. Had been in the lookout for ASM 298, 299 and 301. Seller claimed all were 9.0+. I get them and they were what I call “comic shop near mint” which means CGC 7.5/8.0 with Spine wear and blunted corners. 

On 9/26/2021 at 12:52 PM, Robot Man said:

I remember when a current 8.0 would be by most to be “mint”. 

Absolutely, especially with comic shops.  In retrospect it’s hard to determine if a lot of the old school comic shops didn’t know how to grade, or just didn’t care.  

On 9/25/2021 at 9:58 PM, Sweet Lou 14 said:

This is a very astute observation -- you're not the first person I've seen saying this, but it hasn't been said enough.

Your prediction of a supply spike won't necessarily come true -- or, more precisely, it won't necessarily come true for all issues in all grades.  We'll almost certainly see obscene over-supply of modern books and even Bronze Age books.  The further back in time we go, (I would presume) the more likely we'll encounter issues for which the vast majority of the better-preserved copies had already been graded.  I guess we'll learn which books truly are scarce, since the incentive to submit has never been greater.

 

Yea my guess is the bulk of what we’ll see hitting will be higher grade Bronze and Copper Age keys.  We’re not going to move the needle on desirable Silver Age.  Again, just a complete gut feeling but some of the record prices on really high grade books likely shook loose some books from collections where collectors have eschewed CGC.  

On 9/24/2021 at 5:36 PM, Sweet Lou 14 said:

 

For a little while, I felt like I was ahead of the curve on books that weren't getting as much attention, but that wore off quickly.  Granted, I do go after high grade, but I find that sellers are still trying to charge ransom prices for perfectly ordinary Bronze Age books in 9.6 -- and forget about any book that has any sort of claim as a "key."

I got in at pre-pandemic prices on a few books that had been on my bucket list:  X-Men 1, FF1, GSX1, X-Men 94, DD1 to name a few. Unfortunately the ones that are left not yet purchased have gotten so far out of reach at mid-grades that I may just not ever bother going after them.  I had been holding out on a TOS39 for awhile since I’m in cash preservation mode with kids going to college next year, but now people want $60k-$70k for a 7.0 which is ridiculous.  Last year it was a $20k book and one sold at auction recently for nearly $50k and people are losing their minds thinking that’s the new normal.  Seems this is happening with so many books these days.  

On 9/24/2021 at 12:12 PM, Motor City Rob said:

Now that so many books have leveled off (or are declining), some sellers have not changed their selling strategies and books are sitting. 

I have several desirable Marvel BA and CA key slabs sitting on eBay right now with pricing that is below GPA and is also the lowest price on eBay for that grade and very few have moved.  I’d rather not go the .99 cent auction route because I’ve been burned on that before.  Things have definitely slowed for the majority of the books out there. 

I’ve been watching a lot of these Facebook and Instagram claim sales lately, primarily just to see what the real world looks like in comic books - I just don’t trust the results of these big auction houses.

It seems that raw books continue to move fairly well but I have to say that slabbed books tend to sit on these sales.  The main problem is that these guys are trying to sell slabs for 25% - 50% over 90 day avg or even last GPA sale.  They’re just flipping slabbed books that I’ll bet they didn’t get at much of a discount - they don’t seem to be newly cased raw books - so for them to get profit they just need to keep pushing asking prices up.  I saw one last night where a particular books ask was 25% above GPA, and you could find the same book on eBay for well less then GPA.  I’m not sure who these people think their audience is - maybe uneducated people or collectors who don’t do their homework?  A local dealer has a really nice book that he wants $1k more than last sale, and the last sale was a high water mark.  It’s sat for over a month unsold of course.  At some point I just wonder if people are throwing out collection books with prices and they don’t really care if they sell or not. 

9 minutes ago, bluehorseshoe said:

Pressing and resubbing aint going to bring back the tip of that middle claw. I hate that :spoon:

I didn’t think cgc took off for centering and bad cuts. There was a long discussion in a Facebook group about it since it’s so important in card grading. 

3 hours ago, mjoeyoung said:

 

What is the size of the pool of people willing to pay this much for this comic?  These kinds of prices realized will push more people to sell, increasing the supply.  The "willing to buy it for $70k+" people will get their copy and then what?  How much of the supply will be left?  Like Darthbryan said you only need two bidders willing to push it up, but if the market only HAS two bidders willing to pay those prices than the winner in this auction will actually be the eventual loser, because the bidder who lost will get their copy significantly cheaper in the next auction.

Over the past three decades of collecting, I’ve spent a lot of time and money in two other hobbies - Star Wars collecting and Movie Prop Collecting.  What some people spend on vintage Star Wars prototypes and /or movie props would make your brain spin.  That being said there are plenty of people who could afford $70k on the highest grade of one of the most important non-Silver Age books ever made. TAnd there seems to be more cross-over in collecting genres these days bringing in more people to the hobby.  There’s plenty of money out there to keep pushing this stuff up especially with the MCU speculation.  I think the faith in what Marvel has done on film with this title in the past, coupled with their current MCU movies, is driving people to invest in these books because they know the brand won’t in any way be diminished through poor quality movies or streaming shows.   My biggest question is what happens to the “yield curve” with this book - does it continue to spike or level off.   I don’t see it dropping significantly.  

I’ll also say that what is happening is exciting, unnerving, and to a point sad.  I’ve spent the last few years really investing back in the hobby and acquiring books that I coveted as a teen in the 80s:  FF1, X-Men 1, FF48 to name a few.  And of course a GS X-Men 1 9.6 which I landed a few years ago.  It’s a bit sad to me that even decent quality books in the 7.0-8.0 range are starting to price people out on titles like GSX1 and Hulk 181.  You always want people re-entering the hobby to have hope that they can move the needle on their collections but with what’s going on now that’s going to be tougher for all but the very rich if this continues.  

10 hours ago, mjoeyoung said:

Do these prices have any chance of sticking?  There are at least 200 CGC graded 9.8s.  Are there 200 people willing to drop $70k on this book?

You don’t need anywhere near 200 people willing to drop that kind of cash on a 9.8 because there aren’t 200 available.  In this auction there was one available, and all you needed was two bidders willing to push it up.  I know sooo many collectors who have these SA and BA books in super high grade that just don’t ever think about parting with them - they’ll die with them I’m sure.  So if there are 200 graded at 9.8 how many are actually available to purchase - that’s the question.  

On 3/7/2021 at 1:22 AM, Bluemedgroup said:

Agree on the x-men team will likely be a mixed bag, some old some new.  Gotta spice things up with the reboot.  

Highly Disagree that wolverine be kept away.  Wolverine is one the fan favorite and most popular superheroes of everyone alive.  That’s like DC saying, eh we hate money so we gonna shelf Batman for 20 years and concentrate instead on Robin movies for the time being.  

 

So the Disney / Marvel MCU has done just fine for 13 years without Wolverine.  As a matter of fact, they've done multiple times better than that Sony X-Men universe that had Wolverine.  With Fantastic Four and a bevy of other cosmic entities for the next phase, Wolverine isn't needed in the least.  Wolverine is the MCUs safety net and will be brought out when it's both appropriate and needed.  Nothing would be more detrimental then to do this wrong with improper casting.  I'll bet it's another 5 -10 years before this role is recast.  

The thing that people need to be prepared for, in terms of hard core X-Men SA fans, is that we aren’t likely to see the X-Men that we want.  I sincerely doubt that K Feige is going to reboot Jean Gray, Beast, Cyclops etc. out of the gate.  My gut tells me they’ll take a fresh take and it could likely be a mix of later X-Men characters and some from the New Mutants (properly canonized, not like that terrible horror movie).  I’ll be shocked if we ever see Magneto in the MCU.  He’s had too much non-MCU exposure.  And I’ll probably be shot for saying this but I don’t thing Marvel will tap Wolverine for a long, long time.  

11 hours ago, KCOComics said:

My philosophy over the last decade has been to "get in the door" as early as I can. Buy lower grade copies of the big keys, then slowly upgrade.  That way instead of biting off huge chunks, you can sell and only pay the "price per point" to upgrade. 

It's a slow journey, but it keeps things interesting.

I think barring being independently wealthy or having some kind of huge unexpected financial windfall that’s what I’ll have to do moving forward and with what’s going on now it’s probably the prudent thing. Comics is a small part of my life and I’d like to retire some day and do some other things rather then collect. 

I’ve been following comics and the MCUs effect on them since the first Iron Man movie came out.  I’m vastly aware of FOMO.  I missed the window on TOS 39 but followed it as a “case study” and finally a few years ago I was in a financial position to really put some money into SA.  It was obvious to me that waiting would cost me dearly, so in the past few years I’ve been lucky enough to snag a few off my key list:  Avengers 4 6.5, FF1 4.0 , DD1 5.0, X-Men 1 7.0, GS X-Men 1 9.6, and FF48-50 8.5- all prior to their popping.  At this point my list of books left for my bucket list isn’t that long but is going to cost me dearly - AF15, TOS39, Avengers 1, JIM 83, and Hulk 1.  I have a feeling that I’m going to die completing this gauntlet and I’m only 50 LOL.   

18 hours ago, blackterror said:

Darthbryan as you noted - Giant Size X1 - is also on the move - along with X94 I might add.  These books also indicate the revaluation of the X books is underway and now the question is where if anywhere is there an X book that still has crazy upside?

 

#94 has definitely caught fire.  I do wonder if people are throwing money at that book since the other keys in the run have gotten unattainable for the regular collector.  I’m happy to see X-Men 1 finally catching some real fire (and GSX1 for that matter), after watching for years now Amazing Fantasy 15 move itself into another level.  I know the X-men don’t have the same marketing cache as Spider-Man but they are just as important in my eyes and Magneto is a Top 3 villain IMO.

2021 looks as if it is going to be as interesting as 2020 when it comes to this book.  With a little more than a day left, the C-Link auction already has historical high bids for an 8.0, 6.0 and 4.5.  It appears that the 8.0 is already $15k over the past sale in 2020.  Will be interesting to watch for sure.  

And I know this is an X-Men 1 group but I’d be remiss to not mention the bump GS X-Men 1 is also getting, with C-Link already having historical high bids for a 9.8 and 9.6 with a few hours left.  

I guess if you already own them, it’s a good time to have some mutant keys.  How much higher can these books go?  I’ve always thought that X-Men 1 should have aligned a little more with AF15 in terms of skyrocketing value and I guess the market has begun to respond. 

8 hours ago, spreads said:

Well as long as this wasn't your rainy-day/car-repair fund......lol  

Not sure I would put my last penny into comics but I can say that I think it’s a good idea to diversify investments with them.  At this point slabbed books have shown a nice track record and collectibles in general seem to perform well in times of crises.  Our family has the standard savings accounts along with stocks, 401k retirement, college funds, and a rental investment property.  Plus comics of course and some movie props!  Comics aren’t a huge part of the portfolio but every year I try to convince the wife to let me invest more haha.

7 minutes ago, PKJ said:

https://www.comicconnect.com/item/897340

https://www.comicconnect.com/item/897342

 

Nice.  Two 7.0s sold in close proximity to each other, one for $25.7k at CLink last month and this one for $23.6k at CConnect.  I think the CLink one presents better but nonetheless looks like this grade is taking a nice upward trend since a sale of $14k in March.  But talk about trends . . . 

The most recent 8.5 sold per GPA looks to be one from November which sold for $56k but the second oldest one is from March at $35k.  That 8.5 really took a stair-step type jump in 2020. I don’t think CLink reports to GPA, I wonder if there was an 8.5 in 2020 at CLink?

Regardless, this book is trending in all the right directions if you own.  If you are looking to buy, not so much good news here. 

Does anyone know what the #1s ended at on Comic Connect last night?  They’ve disappeared from my Watch List and I forgot to watch the auctions end. 

57 minutes ago, G.A.tor said:

date stamps are my favorite!

Ha yea I like them too.  I know that August 8 is considered the release date.  Are there copies out there with that date stamp?  This one is exactly one week later on August 15.

I’ve been over the movie experience for awhile now but the straw that broke the proverbial camel’s back was when I had to sit next to an autistic kid who rocked back and forth and hooted every few minutes during Avengers Endgame.  Add to that all of the people on their phones, and the theater experience has been forever damaged.