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mjoeyoung

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Posts posted by mjoeyoung

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/30/2024 at 8:53 AM, blazingbob said:

    Who is the "someone"?  I can say that someone is causing the drop in prices by selling Ugly copies.

    The auction house for one.

    On 1/30/2024 at 9:33 AM, Stefan_W said:

    Maybe, but it is also a really nice looking 3.5 that presents a couple of points higher. This is the exact type of book that will go over GPA. 

    It has nice color for a 3.5, and if this had sold for a few thousand over GPA, it would make sense.  Does it have nicer color that the last SIX 5.0s it sold for more than?  Structurally, the lower half has lots of problems, nevermind the water stains at the top.

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/29/2024 at 10:01 PM, DC# said:

    Given how soft many FF books have been of late  - this one really over-performed 

    On 1/29/2024 at 10:01 PM, DC# said:

    IMG_3815.thumb.jpeg.a2992a134cfcc298c1e6c8cccc460c98.jpeg

    I was going to post this anomaly as well.  Again, this looks like someone trying to prop up prices.  Last three sales in grade were  $12.5K, ~$16K and $15K.  Last time it sold for this price was Sept 2022.  A 5.0 sold for $22.5K THIS January.  A 3.0 sold for $13K this January along with a 2.5 for only $10K.  Why $24K?  Why not $36K like in May of 2022?  It would make as much sense.

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/14/2024 at 1:27 PM, DC# said:

    Swagglehaus has new YT video talking about a drastic overpay on a TEC issue this auction as well 

    Here is the TEC 47 7.0 that went for $19k.  Most recent sale was a 6.5 Promise Collection in 2021 that was $2400.    Even 7.0 sales have never cracked $2k.  

    I just don't know how people could look at these types of sales and not even be a little suspicious.  Even the ASM #1 9.8 curator book, which WAS a 9.6.  How and why did this book get an upgrade?  With a book this important shouldn't the community be informed if the book was pressed or cleaned in some way?  Or if it was just reevaluated with new criteria?  Instead, CGC scrubs all the old data as if it NEVER EXISTED as a 9.6.  I don't believe there was a mention during the auction that it was previously graded lower. They only evidence we have is the previous sale on Heritage.

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/14/2024 at 1:27 PM, DC# said:

    Funny you bring this one up - they had another Aliens #1 in this auction and the listing even touted the “incredible sale” of that $7.5k copy.   
     

    Swagglehaus has new YT video talking about a drastic overpay on a TEC issue this auction as well 

    Here is the TEC 47 7.0 that went for $19k.  Most recent sale was a 6.5 Promise Collection in 2021 that was $2400.    Even 7.0 sales have never cracked $2k.

    I think that is the idea.  They don't mention the six sales following that that sold for much less than $7.5K.  Somebody who only buys on Heritage and doesn't due any due diligence thinks that FMV for that book is $7.5K.

    On 1/14/2024 at 12:31 PM, THE_BEYONDER said:

    How many x-men 98s in 9.8 on the census?  

    46, but I'm not really sure why that matters in this case.  The question is why somebody decided to pay the MOST IN GPA HISTORY for this book now?  This is a $1500 to $3000 dollar book.  It has a recorded sale on the previous day for $3250.  A Stan Lee / Chris Claremont signed 9.8 WP only went for $5K in 2021.

    xmen98.thumb.png.427373bb17cac8d2879cafe858e48635.png

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/14/2024 at 9:18 AM, DC# said:

    Good times are back!  Over 3x GPA. 

    X-Men #98, 9.8 White Pages for $10,20.

    Why do I always get the feeling that that Heritage has to have the largest percentage of ill-informed comic buyers?  If feels like every auction has some kind of just plain insane bidding.  It wasn't that long ago that a 6.5 ASM #1 GRR sold for regular ASM #1 price, but It looks like somebody wised up because the sale doesn't appear in their history.  People with more money than sense.  $10,200 is a 16.5X premium over the last 9.6 sale of $616.  It is also twice as much the previous high sale of $5K.  In what world does this sale make sense?

    I would really appreciate it if these people would go back to buying NFTs.

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 1/10/2024 at 10:07 AM, MatterEaterLad said:

    I wish it was just that book, but you can look at most books and see an insanely abundant supply. 

    There are 240+ graded copies of ASM129 on eBay at the moment, again, not counting the raws.

    So many sellers, so few buyers.

    This is the kind of data that makes me feel that values are bouncing around on a false bottom.  Eventually something has to give.  Either demand is going to pick up for some reason, or these sellers are going to be forced to reduce prices.  I just don't see where the demand is going to come from to keep values at these levels.

    As far as the MCU, I think they undervalued the star power of Robert Downey Jr., Chris Evans and Chadwick Boseman in their success.  They really need to find some actors with their charisma for the main roles in Fantastic Four and X-Men.  Or they need to throw some big bucks at them, and get RDJ and Evans to return.

    ASM #252 CGC 9.8 Record Sale - something fishy going on? - Holder Tampering Incident confirmed by CGC

    in Comics General

    Posted

    On 1/8/2024 at 4:08 PM, 360flip said:

     

    You're seeing differences between the auction and what's here? CGC4310701-007_OBV.jpg

    To me, all four corners on your example look similar.  On the other 300 the top corners look more opaque than the bottom ones.  If all the corners are welded at the same time, is there a reason why the top corners would look different than the bottom ones?  I don't know.

    ASM #252 CGC 9.8 Record Sale - something fishy going on? - Holder Tampering Incident confirmed by CGC

    in Comics General

    Posted

    Is is possible that CGC doesn't have an example of a scam resealed book?  I'm assuming that the old cases from the reholders are trashed.  If there are no current scam books in the pipeline, would they even know how the books were tampered with?

    There is also the possibility that the books were placed into "black market" cases and sonically welded, attempting to duplicate the CGC process.  How would you go about detecting that?

    The idea that someone posting a video showing how to open the cases is in any way "dangerous," is a "putting your head in the sand" kind of response.  I think there will be justifiable doubt that CGC cases are "visibly" temper evident until we see evidence of these submitted cases.

    To me, finding out that it was an "inside man" or lax procedures involving poorly resealed cases would be a much better outcome than, "we don't know" or "the cases were virtually indistinguishable from our own."

    ASM #252 CGC 9.8 Record Sale - something fishy going on? - Holder Tampering Incident confirmed by CGC

    in Comics General

    Posted

    On 1/1/2024 at 9:13 PM, ADAMANTIUM said:

    Cgc first assess the book, then if there happens to be a label case with it see if the book matches the label, not vice versa

    I think the problem may be that both of the books involved in some of the swaps were high grade (9.4 swapped to 9.8).  If there are no grader notes, how much time do you allot to discerning if the 9.8 is really a swapped 9.4?  Haven't we all seen 9.8s that we consider over graded?  How long before the individual doing the reholders gets reprimanded for spending too much time on each book, or sending too many books back for regrading?  How long before customers get annoyed because they simply want a new label, but their 9.8s are coming back 9.6s?

    Are prices still climbing or have they eased up a bit???

    in Comics General

    Posted

    On 12/13/2023 at 4:37 PM, comicwiz said:

    I do believe it is far more contextually honest to start talking about these as imitation bubbles. Fake interest, fake bids, driving-up fake prices, fooling people into believing the market is strong. 

    Things were so twisted during covid that we are STILL unwinding back to reality.  It makes sense that unscrupulous people with vested interest would use any means necessary in an attempt to keep values from falling until they can close their positions.  Do we even know what reality is anymore?  NFTs have been crushed.  Video games have been getting massacred.  I just don't know if comics have experienced enough of a correction yet.  I still feel like I'm playing musical chairs.