jabats

5 minutes ago, Panelfan1 said:

Looks fantastic! huge congrats. Cho is a super talent and these look great framed. its interesting to see the various sizes.

personally I don't think you need the comics there -but that's just me. now all you need is 40 more cho covers and you are temporarily caught up.

It looked too classy without the comics up there... I had to put em up for the pic

4 minutes ago, DarthRawn said:

So very excited about this, Just had to share!

 

Wow! Really nice piece!

My new “Wall of Cho”:

Bump!

1 hour ago, miraclemet said:

Dude, I just found the original certificate for this (lost it in the last move, then sold the book).

Pm me if you want it!

^  good guy miraclemet 

Wondering if anyone else has used ClearBags for “supersize” art.

Some artists like Frank Cho often work on 19x24 or slightly smaller “XL / XXL” sizes.

I find the really big mylars to be unwieldy  (and can’t fit in a portfolio). But the ClearBags are a bit easier to work with and seem to have every conceivable dimension available.

They are not Mylar but ClearBags claim to be Archival safe, anyone else use them?

52 minutes ago, Sqeggs said:

I've been outbid on a couple of these lately.  Double whammy of both WW and Hitler covers heating up. 

Yes Sensation 13 seems to be a tough book. I'm in the same boat :-)

Awesome seller - fast shipping & great communication!

I honestly think there's been a bit of a "glut" of Action 1s and Tec 27s in the past 9 months, and based on that alone, this book might bring less than it otherwise might.

^ Beautiful!

Here are some more (also cross-posted to another thread)

Rulah 18, Jumbo 92 and 109. Jumbo's from Heritage last night.

Jumbo 109 Okajima

Jumbo 92 Okajima

Where my Okajima and GA jungle girls interests intersect... 

Rulah 18

What did the Supes 1 6.0R go for?

9 minutes ago, bluechip said:

It should be conserved  for the sake of the book itself but in terms of resale value the market doesn't always respond to what should or shouldn't be, when it involves "doing something" to a book.   I recently had two keyish books that were restored and sent them to have the resto removed.   In both cases they tore away the color touched pieces, making the book undoubtedly appear worse than before they were color touched.   Both dropped by a couple grades.  One sold for twice what it cost as a "restored" book and the other for about 30% less than I paid ten years ago, because, although the restoration was removed, it got a "conserved" label for cleaned staples (because, of course, you can't unclean a staple).  So instead of a high grade restored book or an unrestored  lower grade book it ended up a "conserved" lower grade book which sold for essentially the same discount over grade as if it were heavily restored.  Neither situation makes a ton of sense, but both are examples of what happens when emotions about "doing stuff" get factored in,.

To me,  an unrestored lower grade book and a Conserved lower grade book have essentially the same "personal value" (as a long term owner). 

Actually assuming I have to own the book forever - I would probably prefer a Conserved book without the risk of rusting staples, to an Unrestored book with staples having even the slightest amount of rust.

That said, I get what you're saying. If you plan to resell the book you have to factor in the "market's opinion". Remember the market's opinion does change over time.

57 minutes ago, sfcityduck said:

This book should be conserved. There is something wrong with a market that would frown on replacing rusty staples.  To me, replacing rusty staples with rust-free vintage staples should increase the book's value.

Bingo. 

1 hour ago, lou_fine said:

 

 

Definitely an interesting conversation about the potential impact of the Conserved label. 

And in that sense, what are your opinions of the Green Qualified label, especially when it pertains to something like a missing interior piece or a clipped coupon.  Especially since some of these appears to no longer be sitting in the dumpster bin, based upon some of the recent auction results I've seen. 

Great question.

I agree that a Green label book with a clipped coupon is a "value opportunity" for a collector to own a nearly-complete, original book at a huge discount. Other types of Green Qualified books are much less desirable, though (again - in my opinion).

That said, I think Green Qualified books are likely to roughly maintain their valuation relative to Unrestored books over time.

Whereas I believe the spread/discount for Conserved books will change over time, relative to Unrestored books.

One additional thought in my mind is how CGC itself considers Conserved books. If you look at the label design itself, it seems intuitive to me that a Conserved book is similar / "of like kind" to an Unrestored book. Sure, it's just a label color, but I believe things like that do impact market psychology.

And especially given the example above, it's hard for me to accept that replacing staples significantly impacts a GA megakey's value (let alone reducing it by 40-50%)

Not to delve too deeply into it but I just believe a lot of “restoration” is subjective. I guess I understand why “staples replaced” is considered resto/conservation, but doing that helps preserve an item that is slowly deteriorating over time (arguably a good thing). Whereas pressing arguably might shorten the lifespan of a book (yet isn’t considered resto).

If everybody thinks “staples replaced” cuts out 50% of the value of a mega key, that’s their opinion, but I do think it presents a value opportunity. Surely some other collectors have similar thoughts, the question is how many, and if that number changes significantly over time.

The Conserved label is still pretty new, I think the market is still sort of trying to figure out how to price it.

For Golden Age books on my "want list" I actively seek out the Conserved label. I believe it represents very strong value.

Perhaps the market will never agree with me (in which case I'm picking up books I really appreciate, and which seem like a "deal" to me). But I suspect the spread between Conserved and Unrestored will shrink some, over time.

10 minutes ago, szavisca said:

While we’ll probably  never know it’d be interesting to see the demographics of the people/entities buying the action 1s and tec 27s.

Who is paying 450k for a restored/conserved copy of action one when a blue label 5.0 can be had for less than double that?  Most other books and you’re talking 3-4 times as much or more for a 5.0 vs a restored/conserved copy.

I had been thinking anyone buying a copy of action one had to be a person or corporation worth 10 mil or more, so I’m surprised to see how “low” both these books went in a relative sense.

Maybe the people buying the restored/conserved copies are private collectors spending literally every penny they have and reaching just to get any copy at all, and skewing the results.

 

For sure the "entry level pricing" is at play. 

Put a copy of Tec 27 or Action 1 in the $200k to $300k range and the pool of buyers is a lot deeper than at 500k - 1M.

I also believe the market is shifting in regards to the Conserved label. You use the phrase "restored/conserved copy"... but in my view a Conserved book is much comparable to being a "blue label" than being comparable to a Restored-Extensive label. Just my opinion but I am speaking as a market participant who has put my money where my mouth is :-)

56 minutes ago, CrocHntr said:

The Sensation 1 8.5 OW in the CC auction went for $153k, or about $18k per point.  I thought that was rather impressive given that some mid-grade AS8 books have fetched more in the $15k range (just based off of the 6.5 in GPA that sold for $93k in Feb and a few examples from 2017).  Is it because it's a top 7 highest graded census book, or is it driven by the fact that there aren't any readily available for sale on the major sites? 

Like many other books, seems the market is really on fire right now for WW keys.  I was a bit surprised by the hammer price on this one.  

I agree, very impressive.

I think there was a premium price per point because it was very high grade for a book that’s pretty rare. IMO mid grade would still hammer way lower price per point

9 minutes ago, lou_fine said:

Well. a lot of that would have to do with the SUPPLY side of the equation.

If I remember correctly, the CC auction from last March had only 2 decent looking copies of the pre-Robin 'Tec's and as a result, they both went for absolute nosebleed prices.  On this go round, it looks like they had something like 2 dozen copies of books from 'Tec 27 through to 'Tec 38, many of which had multiple copies of the same issue in various grades.

So, I guess a lot of it would have to do with luck and timing, or DUE DILIGENCE on the part of the consignor to ensure that there are no other competing copies of the same book available at the same time in the exact same auction. 

Agreed.

plus recent record sales probably shook some more supply loose.

Yeah the two sales seem comparable now.

Just now, Chicago Boy said:

Wow--advantage buyer on all of those except the Tec 31 1.0?  35 was down 2k a point and 38 down 3-5 k.  I can't believe the unrestored coverless Tec 27 only went for 34,500. 

Yes the Tec 35 & 38 are well off recent price per point sales. 

Also the Tec 27 6.0 went for way less than 800-850k (what I expected)

the GA market has been on fire for quite a bit. Perhaps it is finally taking a little breather 

732k for the Tec 27 6.0.

seems soft