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Posts posted by COMICLINK
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On 1/4/2024 at 7:42 AM, sledgehammer said:
Cool. So I guess this time that we are in agreement that comiclink couldn't possibly know that the list will slowly dwindle down from what it is now.
The only way the list of books to watch out for would not dwindle down is if CGC does not update it.
ComicLink already has some books sent out to them to review/recertify with a different cert number, so after review they will no longer be books to watch out for, no longer books on this "recall list", regardless of whether or not they remain in the same condition. We have only just begun this process. It will obviously take time and effort, but will be getting in touch with all our clients that ever purchased one of these books, and this will happen soon. Additionally, if they have resold books, we will advise them to inform the party they sold the book to and encourage them to go through the review process. That will be good for both the most recent owner and the market as a whole. If CGC is footing the bill, no reason not to do it.
Best way for CGC to handle the list now requires proactive updating by CGC. The original list should stay up, but CGC should revise status for books that were resolved. Simply marking all reviewed and recertified books with a new cert number as "recertified" would mean that the certification number in question no longer exists, so no one need worry about it.
- BlancoBros, paqart and Point Five
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On 1/4/2024 at 7:05 AM, THE_BEYONDER said:
What do you mean the images are fine? The scammer gets the books reholdered, so the images in the database of course match up.
I will explain. There are cases where the individual purchased the book from another seller, via ComicLink, then turned around at a later date, and resold the same book (same cert number), after having it reholdered (b/c it was reholdered by him, it is included on CGC's list). I can tell that the book is the same before/after as before from the images, because multiple defects, wraps, etc., line up the same exact way in the image before he bought it, and the image after he resold it.
- Iconic1s, brute_nm and THE_BEYONDER
- 3
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On 1/4/2024 at 12:16 AM, gmasstermcd said:On 1/4/2024 at 12:13 AM, comeaux said:
CGC released this list so they should obviously know who the scammer(s) are, why not release the name(s) to protect the community?
Inside job
No, this was not an inside job.
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Also, it should be noted that according to CGC, this scam only involved reholders linked to the party in question. Regardless, if there are more of them that are unknown in addition to what is on this list (which is tiny compared to the number of books that they have certified), CGC is stating they are going to make it right, so to me, THAT restores confidence and negates the fear of loss currently, and also with regard to purchasing books going forward, in such cases where one of these got by CGC.
- paqart, ADAMANTIUM and EmilC
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CGC is the final arbiter of the list of potentially suspect books.
If it is on CGC's list, which should be modified and shrinking over time, it should not be sold by anyone without being reviewed first and then removed off of CGC's list.
We will not sell any of them prior to that occurring and no one else should either.
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On 1/3/2024 at 10:00 PM, ADAMANTIUM said:
and hear me out?
Wouldn't anyone "on the list" want to send in to get a new cert number to then "be off the list?"
Then if they aren't found to have fraud books are then liable for grading fees? (Probably due to cgc insurance wile holding them? Idk)
No - CGC is going to review the grades to be sure they are accurate. There will be no charge regardless. If inaccurate, the book will be regraded. If accurate, it will just receive a new cert number with the same grade.
I think all "cleared" books should be removed from the list by CGC, actively, so the list of books to watch out for should shrink substantial over time, hopefully within a short period of time.
CGC also stated in their release that they will not let anyone lose money based on their error. I think they will have to provide more specificity on what they mean by that. This was an error, but they are stating that they are going to do right by the marketplace and their customers, and of course, they have already revised their procedures to some extent to prevent the same thing from recurring.
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I hope that they will remove others off the list that I've alerted them to already.
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On 1/3/2024 at 9:45 PM, pickycollector said:
Fortunately I do not have any book from the list but when looking at it, I see books graded several years ago. I would have expected to see listed only books graded a few years ago but the Avengers #57 8.5, for example, was graded in 2008. Is that then just the tip of the iceberg?
The Avengers 57 8.5 is one of the ones that ComicLink sold multiple times and I reviewed the sellers, buyers and the images. The images are the same in each case, and the book is fine.
- pickycollector and HighGrade
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On 1/3/2024 at 8:36 PM, WernerVonDoom said:
It may be just fine, like the JIMs and some other Silver Age books I've noticed are fine. CGC's list is all the books that they suspect MAY be at issue.
I would suggest you send the book to them for review. -Josh
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Hello Everybody,
This is what we are doing at ComicLink to protect the community. The objective is to inform those that have purchased the cert numbers in question in the past, and ensure that no future buyer on ComicLInk has to worry about buying any of the cert numbers in question unwittingly.
1) Deleting Exchange postings with these cert numbers (I believe this is done, we need to double check)
2) Reviewing any Auction listings with these cert numbers (there were only a few - sending out to CGC for review and will know this week).
3) We have developed methods to ensure that there will be no auction listings or exchange postings with these cert numbers going forward, unless cleared by CGC. No one should worry about bidding in the auction starting January 11th. This is already in "Beta". None of these books will be in in the upcoming auction once it goes live unless cleared, or any other upcoming auctions. We will inform any submitters of the issue.
4) I looked at some of the higher end books and found a bunch on the CGC list that are fine. I noticed we sold them multiple times and compared images, which match.
These include the JIM 83 8.0 and 7.0 and some other Silver Age keys.
I sent the list, with images to CGC as well for confirmation, received it, and they should be removed from the list.
5) Lastly, and this is the most time consuming, we will be finding all of our buyers that have ever purchased one of these cert numbers and we will reach out to them proactively to alert them to this situation pertaining to their book(s).
We will get through this together
-Josh
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On 11/30/2023 at 10:39 AM, LDarkseid1 said:Well I don’t think c-link was the culprit though. Pretty sure time and again we’ve seen massive drops on Promise books no matter where they were listed, Heritage or Comicconnect, etc… Since they were put at auction initially at the right time and people ended up paying high for all of them. Now with the down market we’ve had for a while, just about any promise book is taking a hefty hit. But I guess it’s possible it could have been a slightly lesser impact in a Heritage auction. If I bought a Promise copy of something back in 2021, I’d probably just sit and hold on for dear life haha.
The drop of the Promise books are definitely a universal phenomenon
The Detective 118 Promise (published 12/1946) with a Joker cover by Sprang is the single highest graded
ComicLink sale yesterday, 11/29/23: $50,500, 60% of the original sale at $84,000 in 2021
Not unique to any auction house, as LDarkseid1 said. Proof positive is this close "comp" also sold this month but at Heritage.
Batman 37 Promise (published 10-11/1946), also single highest graded, but the Joker cover is by Jerry Robinson.
Heritage sale 11/16/2023: $48,000, 55% of the original sale at $87,000 in 2021.
Personally, I prefer the Batman #37 cover by Robinson. I think he is the best Joker artist and that is one of my all-time favorite Batman covers.
However, I think both 2nd round buyers (if they are not the same guy) are very lucky to be able to own each of these.
- szucchini, lhcomics, Point Five and 2 others
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On 2/8/2023 at 4:40 PM, F For Fake said:
Hey Josh - sorry, didn't intend for the thread title to be misleading. We can blame my shoddy reading comprehension skills for that one. I've edited the title, but Mike can give it another update if need be. Didn't intend to misrepresent anything.
Thanks F
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On 2/8/2023 at 4:13 PM, THE_BEYONDER said:
When does Steve’s non-compete expire? I’d like to see him return to CGC to conclude his comic book adventures....
Haha. I don't think that's in the cards.
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Hi All,
Thanks for reading the e-mail! I hope it wasn't more confusing than it was helpful!
I'm just hopping on to clarify something rather than have it left to speculation here - Steve now holds a significant position within a larger team of Consignment Directors and Sales Associates, including others who are Senior Consignment Directors, here at ComicLink. Steve's position is a significant one, but he is not "heading it up" so to speak as the subject line of this thread states. He is not replacing anyone, and not "in charge" of the consignment sales department, but he as well as others are empowered to make significant consignment and purchasing decisions.
-Josh
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Just FYI, I believe we are up to the beginning of June for shipping now, or very close to it.
We had been irregularly backlogged due to back to back, very large auctions in March and April. I expect we will be very close to up to date within the next week and a half, in time for orders to ship promptly for our closing June auction.
- jimjum12, ADAMANTIUM and TheOldCollector
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I had not noticed this thread until it was just brought to my attention. There was no indication of any outage on our end.
I checked the bidding logs and I see many bids that came in during the intervals of time encompassing the reports by Jsid and Mythreesons
So this wasn't a universal problem.
You say here the site isn't working, but can you guys be more specific about what you were seeing?
- aardvark88, Twanj and Sideshow Bob
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Lou_fine wrote:
"No doubt it was another one of these record setting auction results that was never ever completed by the so-called bidder or possibly another one of these whereby the consignor is simply trying to manipulate the price upwards to set the book up for a future sale. "
I don't understand why people make proclamations of fact with complete confidence when it is just conjecture. The sale of the Tomb of Dracula #10 9.9 in the 2019 auction did indeed complete for $85,000 in the Summer 2019 Featured Auction. The purchaser in that auction is reselling it in the upcoming one.
-Josh
- KCOComics, Sweet Lou 14, aleksicwon and 1 other
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ComicLink's next Featured Auction Has Started Posting Books
in Golden Age Comic Books
Posted
It's back up, with the married back cover that was supposed to have been slabbed with the interior.
DETECTIVE COMICS 27 LINK