Kryptic1

On 1/5/2023 at 11:45 PM, Kryptic1 said:

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

Following up on this since it just sold at Heritage.  Nice pricing job by the original seller.  Not so much by the later dealer or consignor.

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

Reserves met on the Detective 58 and Leading Comics 1 covers

On 8/23/2023 at 10:35 AM, Bronty said:

well THIS should be interesting.

Frazetta 1.8m death dealer 6 being resold at this auction.   https://comics.ha.com/itm/original-comic-art/paintings/frank-frazetta-death-dealer-vi-painting-original-art-1990-/a/7341-91006.s?ic4=GalleryView-Thumbnail-071515

Just how much of a loss will the consignor experience?    I'd be very surprised at a gain.

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: “Two dealers will present art that is either new to the market or priced to sell”

Mike & Anthony: LOL

On 6/28/2023 at 12:00 PM, delekkerste said:

Bucky Ain't Dead!! 

On 6/25/2023 at 8:56 AM, KirbyCollector said:

Back to today's auction, the consignors should pray they get as much energy and determination out of the auctioneers as the Disney auction consignors did yesterday. I watched several hours of that auction and Heritage worked like crazy for those items... as much as 10+ minutes per item in many cases! It made me wonder if Heritage puts that much more energy into all of its non-OA auctions...

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

On 6/23/2023 at 6:12 PM, Bronty said:

Where and for how much was this bought Gene?   I don't see it in the HA archives.

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 

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

On 3/21/2023 at 11:04 AM, John E. said:

Personally, I don’t think it’s fraud if the seller, who seems to be a consignment store, with hired hands to scan and post, don’t know any better as what they are selling. The ruse is not intentional as far as I can tell.

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.

On 3/13/2023 at 1:26 PM, jjonahjameson11 said:

Just took a quick look at the HA March OA auction offerings and it seems like 15+ items were removed from the auction, including the Sandman #1 page.  Can someone else take a look and confirm?

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.

On 1/28/2023 at 2:38 PM, lou_fine said:

Well, according to @Kryptic1's post below, it's really quite straightforward in that Rally paid $1.34M for 80% of the Larson copy of Bat 1:  

 

Although it's a little bit of going through a mathematical maze to figure out who really came out on top in this transaction and it clearly was not Rally Road.  Especially since 80% of the total $2M sales result would leave them with only $1.6M for their cut or a GROSS profit of only $260K and who knows what the net would be after factoring out all of the ancillary legal and admin costs of running a share ownership plan.  

Completely different case for the Goldin winner at $1.47M who then flips out a 80% portion to Rally for $1.34M leaving him with a 20% stake at a net cost of only $130K for the Larson Bat 1.  His 20% cut of the $2M sales result works out to $400K which then leaves him with a net profit of $270K (with no major ancillary costs) on his initial net outlay of only $130K after a 16-month partial ownership of the book.  Not too bad of an ROI and very astute or fortunate that it all worked out for him in the end.    

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.

On 12/25/2022 at 8:02 PM, jjonahjameson11 said:

The Wolverine mini series #3 cover? $35K sounds really low for a 2016 sale, even if it was on Clink.

Back in 2010, It sold at HA for $48K.

$50,200 in May 2013

https://www.comiclink.com/text/224.html

On 12/8/2022 at 8:23 AM, g-man said:

$36K for the Lim Thanos piece seemed pretty strong

$20K for the Tim Sale LH page with lots of bids....nice page command the big sweet $. 

$53K for the McFarlane Spidey page is nice...not my fave page but has spidey in all 3 panels. 

$34K for the Bagley Venom splash....is that good? 

 

Other results did not really stand out for me. Campbell pieces went around $6K. No idea if that is good but seems kinda low? 

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.

On 11/23/2022 at 6:34 PM, Dr. Balls said:

Is DD on tonight? I’m on my phone and can’t seem to find out if they are. I need to figure out if I have to hurry up and get home. 

@romitaman

Yes, it's on tonight.

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