Kryptic1

The Carl Barks painting sold for 25% less than it did at Heritage in Feb 2019

Dueling Dealers is back with pricing adjusted to current market conditions LOL JK the prices were as wild as ever.

Reserves met on the Detective 58 and Leading Comics 1 covers

A $1.5M reserve was just posted for Death Dealer 6. After juice, that would be flat to the sale price from over 5 years ago.

Bill could bring in the Donnellys for Dueling Dealers and I’m not sure I would notice a difference.

Bill: “Two dealers will present art that is either new to the market or priced to sell” Mike & Anthony: LOL

Seems like the standard Dueling Dealers markup these days:

If the robot auctioneer starts saying things like this we’re really in trouble.

I don’t think there’s a live auctioneer for the Sunday session, so I wouldn’t expect much energy.

Wait, someone actually paid that price? For a panel page with no action? And thought it was such a good price they could immediately flip it for a profit after fees?

Another loss on a quick turnaround

Get claimy!

A couple more pieces recycled from recent auctions: Werner Roth X-Men #27 pg 9 - $5,280 in Nov ‘22, $3,840 today JH Williams III Batwoman #17 pg 10-11 - $3,000 in Oct ‘22, $2,160 today

I hate to be cynical, but my first thought was that the consignor knows this is a print, and chose a consignment shop with no experience in comic art so they wouldn’t question the description they were given. Any of the auction houses that regularly deal with comic art would have ID’d this as a print immediately.

If you click on the icon for the art section of the auction, it only shows the two sessions that are all art, which excludes the 20 pieces of art in the 1st floor session.

A few things to add here: 1. Rally’s SEC filings list the owners of at least 10% of any item. Their latest filing shows that the owner of the retained equity for the Batman #1 is….Ken Goldin. So either he won his own auction or he bought the book from the auction winner before the transaction with Rally. 2. The IPO ended with about 30% of the shares unsold, and Rally bought the remainder. So Rally & Goldin own half of the book and individual shareholders own the other half. 3. This is another great example of how much of the gains in fractional ownership are eaten up by fees and taxes. The original auction price at Goldin was $1.47M. The markup paid to the prior owner, fees paid by Rally, and Rally’s markup brought the cost up to $1.8M. The $2.0M sale price is an 11.1% gain from the IPO price, but the corporate tax paid by Rally brings the net payout down to a 7.6% gain. Then the investors will pay short-term capital gains tax on the net, which will bring their gain down to 4-6% depending on their tax rate. They end up with a small gain, and the big winners are Ken Goldin, Rally, and Uncle Sam.

Well, there is one way to lose money in this market. Pay an extremely aggressive price for new art then put it up for auction a year later.

Wonder Woman 171 cover sold for $10k at Comic Art Live 11/2022 Now at Panel Page for $22,500 https://www.panelpageart.com/GalleryPiece.asp?Piece=2918

$50,200 in May 2013 https://www.comiclink.com/text/224.html

All of the Thanos Quest & Infinity Gauntlet pages looked strong to me. IG #6 pg 12 sold for $3,000 in the Sept 2020 CL auction and $6,655 yesterday. The Thanos Quest pages selling at the same level as comparable IG pages doesn’t make much sense to me. The Campbell covers were definitely weak compared to the prices they’ve been selling for in recent auctions, but that’s inevitable when you put a handful in every auction for a year.

Yes, it's on tonight.

Byrne FF 260 cover ended at $72k, well short of the $100k offer from earlier this year.

It doesn’t bother me as much when I see a high price on a piece that’s been off the market for a long time. Comps can be all over the place, so it’s reasonable to start high and adjust from there. It really bothers me when I see pieces that sold at auction a few months ago priced at a multiple of the auction price. There’s no argument that the market is there, it’s just someone hoping to take advantage of an inexperienced collector. People rightly call out the dealers known for doing this; it isn’t any better coming from a “collector”.

Gene Colan and Joe Sinnott Captain America #117 Story Page 8 Red Skull and Cosmic Cube Original Art (Marvel, 1969). https://comics.ha.com/itm/original-comic-art/gene-colan-and-joe-sinnott-captain-america-117-story-page-8-red-skull-and-cosmic-cube-original-art-marvel-1969-/a/7335-88017.s?ic4=ListView-ShortDescription-071515 https://www.comiclink.com/itemdetail.asp?back=%2Fsection.asp%3F_SORT%3DYES%26id%3D1398%26f1%3DListDate%26ODire1%3DDESC%26f2%3Di.Publisher%26ODire2%3DDESC%26f3%3Di.IssueNumber%2C%2Bi.Genre%26ODire3%3DASC&id=1637365 From $13,200 to $25,000 in less than 3 weeks. Even copied & pasted the Heritage description.