mjoeyoung

On 3/31/2023 at 6:42 AM, 1Cool said:

What was the GPA price in 2019?

AF#15, 7.5 made its big jump earlier in 2017 when it went from a single low sale of $82.5K in 2016, to $102K in early 2017 and $140K in late 2017.  Seems to correspond to Spider-Man: Homecoming hype?

On 3/30/2023 at 7:30 PM, Inaflash said:

I would bet the person who bought it is in no financial distress over the purchase. There are many things that cost far more than that that I care nothing about. I’m in the other camp. If money’s no problem, buy what you love.

I think this was the adage that Nicolas Cage lived by. 

On 3/30/2023 at 6:02 PM, lou_fine said:

If this is the case, then what's your feeling on the CL auction of the single highest 8.5 graded copy of Mask 2 for $118.7K back in June of 2022? 

Nuts.  

If you are a collector, and can spend $100K-$150K on a book without any hardship, and want the best copy known, and don't care what you sell it for at some future date,  you STILL have to be a little nuts to pay such a high premium over the 7.5 Mask Comics #2 that sold for $33,600 in June 2021, or $42K more dollars than the same Mask Comics #1 sold for on June 2021.

There is nothing wrong with being nuts, "to each his own" and all that, but it usually isn't fiscally prudent.  We all do it (I think). If you haven't overbid, and I mean overbid to the point of "what the heck am I doing still bidding" are you really a comic book collector?  

On 3/30/2023 at 5:11 PM, THE_BEYONDER said:

I’m curious how many of the big buyers in 2021 are still holding those purchases.  

Over in the Heritage Auction thread they have been commenting about the Promise Collection books.  A lot of those sold in 2021 and a bunch of them were auctioned off today.  Most sold for considerably less than the first sale.

Here are some examples

PCH was a bright spot for the collection, both Eerie #1 and a Mask Comic #2 sold for more, or for the Mask, much more than the last sale.

On 3/30/2023 at 4:52 PM, THE_BEYONDER said:

Or unless there’s a better place to put that money 

Exactly.  If they don't think they are going to see that $300K for too long a timeframe, better to sell and invest in something with a greater chance for gain.  That is why I think a lot of investors and speculators are going to jump ship and leave comics.

On 3/30/2023 at 4:19 PM, *paull* said:

I was surprised to see this result.  This book has really taken off.  How does Weird Mysteries 5 compare to 4 now?

Weird Mysteries 5 is more gross, but 4 has the Skull Cover^TM and Zanti Misfits going for it.  This value seems like a pretty big jump, but if it sticks, 4 seems to be closing the gap in price.

There were sales of  a 4 in Feb for $10k and a 5, also in Feb for $9K

On 3/30/2023 at 3:50 PM, BLUECHIPCOLLECTIBLES said:

It's absurd that a book should sell for more with the paper removed than it would be with the paper intact and color touch on it, but it does.  And that makes us look like a silly people

Well, I guess we need to walk the walk then...

Heroes on the cracked half shell

TMNT #1, 9.6, sold for $54K.  Last sale was $69K in April 2022.

TMNT #1, 9.4 sold for $28,800.  Last sale was $39,999 in January 2022.

On 3/30/2023 at 12:43 PM, GreatCaesarsGhost said:

Its worth noting the Promise copy of Mask 1 only sold for $102k first time around.  This is one of the exceptions to our way of thinking on the Promise books.  The Eerie 1 similarly exceeded the first sale.  Maybe this is more of a comment on the state of PCH books than anything else.

True, PCH seems to be mostly unaffected at the high end and with the ECs.  There seem to be some cracks forming on the lower graded books.

On 3/30/2023 at 3:38 PM, Primetime said:

…as well as the back half of ‘22. Although, Timelys are still strong 💪🏽 

The question is whether an ebbing tide will ultimately end up affecting all boats.

On 3/30/2023 at 2:43 PM, THE_BEYONDER said:

And looking at the book again, I think 7.5 is generous with those missing chunks 

I think the paper is there, just the color is missing, like a tape pull.  I think that is graded less harshly than if a piece was actually missing.

Oh my stars and garters!  Punch Comics #12 at $31K looks like a steal compared to the $25K, 2.5 that sold recently.  I blame Miss Charlotte Helen Scholk for the low price.

Phantom Lady #17, 6.5, at $33,600.  5.0 sold in January for $30K.  7.0 in January of 2022 for $60K

On 3/30/2023 at 2:09 PM, lou_fine said:

Not really as I had actually expected it to sell for EVEN LOWER than this still huge $360K amount.  

My perception is that it seemed to really struggle after the bidding went over $200K.  I think one bidder really wanted this one (maybe the individual who lost last time) and the other bidder(s) were pretty reluctant to keep going.

On 3/30/2023 at 12:47 PM, FormerReader said:

Ouch.

On 3/30/2023 at 12:59 PM, Courageous Cat said:

it was only a matter of time

It does have some minor restoration removal, but I don't think that can be responsible for the entire drop.  Here is a link:

Amazing Fantasy #15

On 3/30/2023 at 1:42 PM, szav said:

There's a very characteristic look to these CT scraped books, and there is absolutely paper removed in order to remove the ink that was used to touch up the book.  They do a very thorough job in getting rid of every last bit, but it looks very purposeful and artificial, and not like natural tears or chips.  I dunno, its not even so much the small white cracks to me that look bad, the book is pretty in it itself if you can keep your eyes away from the top left quadrant, but its this characteristic CT scraped look that shows the book was manipulated in a manner that anyone would have a hard time arguing isn't basically the same as trimming the book that personally kills it for me.

I can live with pressing and all the other games that go on, but this just crosses a line for me, and the act itself makes the book look ugly to me.  Looks like many people care but not everyone, because the price realized is halfway between what a restored and any other blue label 7.5 might get right now isn't it?

On 3/30/2023 at 1:46 PM, Dark Knight said:

complete destruction of a book. I treat it in the same category as trimming, but not as severe.

Personally, I don't see how removing restoration that was not designed to be removed is not just more restoration.  Allowing pressing and some color touch on GA books were steps on the slippery slope to allowing all kinds of restoration.  The qualified and conserved label designation seem more like "covers" for things that I consider restoration (married covers, replaced staples).  This is just a natural progression of that.   It seems pretty arbitrary to draw a line here.  I'm shocked, shocked, to find gambling is going on in here!  

On 3/30/2023 at 12:48 PM, szav said:

A shame that this sale will pollute the GPA record with no notation, and a continuing shame that CGC allows this....just give it the blue label grade that it would get IF the CT was removed, without actually destroying the book!  Treat it like a stain when its small enough to remove in such a manner without actually doing it.

Low as the price seems for the grade, the consignor likely made a killing...which sucks.

I don't really understand all the hate this book is getting.  It is not like it has subscription crease restoration that has been scratched out.  There is no marvel chipping and the main image of Spider-Man looks great.  I don't really think the book looks "destroyed."

On 3/30/2023 at 12:45 PM, Gotham Kid said:

no, here's is my copy of AF15.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

killer copy I might add.

White Pager

On 3/30/2023 at 12:30 PM, Courageous Cat said:

On 3/30/2023 at 12:24 PM, pmpknface said:

SOLD!!!! (FYI, watching some of the art and other early books like Batman #1 and 'Tec #27 was insane)...

Expand  

ok, thats just nucking futs. Guess it shows the GA market is alive and well, but damnnnnn

I think it is just nuts.  A fool and his money...

On 3/30/2023 at 12:30 PM, Professor K said:

On 3/30/2023 at 12:27 PM, comicjack said:

Mask 1 was able to make a profit  

Yeah we predicted that would be the only Promise to at least break even. 

Both Eerie #1 and Mask #1 were up from the last sale.  Horror is still strong.  But I don't know how someone can justify paying $144K when it last sold for $102K less than 2 years ago, but that is just me.  I wonder if this will be up for auction again in a year and a half. 

On 3/30/2023 at 12:11 PM, LDarkseid1 said:

Well someone took a hit on this Promise.

And if this sells again in a relatively short time frame it will sell for even less.

On 3/29/2023 at 9:22 AM, Tec-Tac-Toe said:

When I went to place a track on the one that sold yesterday I, of course, saw the Covid-19 Period sale since I had not placed a track on that one and hoped that the person that won it is a collector and not a flipper because unless they sold it right after the sale (I'll fantasize for a profit) that is likely a financial loss. Granted, perhaps that amount of money for that individual is a pittance. 

There are going to be a lot of financial losses in the near future.  

Heritage Auction today:  Amazing Fantasy #15 in 7.5 sold for $117K, last sale was $198K.

I was actually at Disneyland from Wednesday to Friday last week and mentioned to my wife that we could drive back to New Mexico on Sunday instead of Saturday and go to Wondercon.  And, well... we drove back on Saturday.   Looks like I missed a so so time!

Did not see this one posted yet from last nights GA CL auction:

Promise Collection Miss Fury #1 sold for $1750.  HA sale was $2160 for a -19% return.

On 3/28/2023 at 10:22 AM, 1Cool said:

I thought March and April were some of the best months in terms of sales since tax refunds start coming in.  I guess not this year.

Remember they reworked the W-4 in 2020 so withholding would be more accurate, so refunds are not as big as they were in previous years.  Everyone was mad because they weren't loaning the government money all year.