DC#

Here is my Dow 30 updated for April (for those interested in the methodology I have added the original post in the quote below). Silver was up 10% vs April 21 Bronze was up 1% vs April 21 Copper/Modern was down 16% vs April 21 In aggregate up 4%

April/May ComicLink Session 1 results. This will likely be the only round of this auction I recap.....

Sort of off-topic but sort of on the topic....I put together a list of all the "six figure" books that sold since this boom started in 2020. I will apologize in advance to the Gold collectors if I have left GA titles off the list. As someone said above - not sure the pecking order has changed much - just more commas and zeros. Action Comics #1 8.5 - $3.25M April 2021 Previous $2.052 in 2018 Action Comics #1 6.0 (Rocket Copy) - $3.18M Jan 2022 Previous $317k March 2009 Action Comics #1 3.0. - $1.638M Dec 2021. Previous $499k 2016 Superman #1 8.0 (Mile High) - $5.3M April 2022 Superman #1 7.0 - $2.60M Dec 2021 Superman #1 5.0 - $360k. July 2020 Previous $456k 2019 Superman #1 4.5 - $348k Sept 2020. Previous $336k 2019 Superman #1 3.5 - $288k. March 2020. Previous $111k 2013 Superman #1 3.0 - $310k Dec 2020. Previous $40k 2009 Superman #1 1.0 - $141k. March 2022. Previous $138k 2021 Detective Comics #27 7.0 - $1.5M Nov 2020. Previous $493k 2010 Detective Comics #27 5.0. - $1.125M June 2021. Previous $569K in 2018 Detective Comics #27 4.5 - $1.14M. Jan 2022 Detective Comics #29 5.5 - $102k Sept 2020 Detective Comics #29 4.5 - $110k Feb 2022 (Clink) Detective Comics #31 5.0 - $132k Nov 2020. Previous $131k in 2017 Detective Comics #33 8.0 - $192k Apr 2022. Previous $167k in 2017 Batman #1 9.4 - $2.22M Jan 2021 Batman #1 8.0 - $1.48M Sept 2021. Previous $1.21M. Apr 2021 Batman #1 6.5 - $576k Sept 2021. Previous $42k 2007 Batman #1 5.0 - $360k April 2021. Previous $240k in 2019 Batman #1 4.0 - $110k May 2020. Down from prior year peak of $150k Batman #1 3.0 - $230k Feb 2022 (Clink). Previous $192k April 2021 Batman #1 2.5 - $270k Mar 2022. Previous $133k 2020 Batman #1 2.0 (Promise) - $240k Nov 2021. Previous $222k in 2021 Batman #1 1.8 - $180k April 2022. Previous $28k in 2013 Suspense Comics #39 6.5 - $280k Feb 2022 (Clink) Sensation Comics #1 8.5 - $160k Feb 2021 (Clink). Previous $132k in Nov 2019 Captain America Comics #1 9.4 (San Francisco) - $3.12M April 2022. Previous $915k in 2019 Captain America Comics #1 8.5 - $384k Jan 2021. Previous $96k in 2009 Captain America Comics #1 8.0 - $395k Feb 2021 (Clink). Previous $288k in 2016 Captain America Comics #1 7.0 - $340k Mar 2022. Previous $186k in 2020 Captain America Comics #1 5.5 - $183k Dec 2020 (Clink). Previous $156k in 2019 Captain America Comics #1 5.0 - $170k Feb 2022 (Clink). Previous $78k in 2014 Captain America Comics #1 4.0 - $180k in Sep 2021. Previous $3k in 2004 Captain America Comics #1 3.5 (Promise) - $240k in Nov 2021. Previous $90k in 2020 Marvel Comics #1 9.2 (Pay Copy) - $2.43M Mar 2022. Marvel Comics #1 6.0 (Nic Cage Collection) - $280k Aug 2020 (Clink) Marvel Comics #1 4.5 - $360k Jan 2022. Previous $33.5k in 2009 Marvel Comics #1 2.5 - $364k Mar 2022. Previous $22k in 2003 Marvel Mystery Comics #4 7.5 - $160k Feb 2022 (Clink) Amazing Fantasy #15 9.6 - $3.6M Sept 2021. Previous $1.1M in 2011 Amazing Fantasy #15 9.4 - $795k Mar 2020. Previous $705k in 2017 Amazing Fantasy #15 9.0 - $566k Feb 2021 (Clink) Amazing Fantasy #15 8.5 – $707k Sept 2021. Previous $155k in 2017 Amazing Fantasy #15 8.0 - $520k Mar 2022. Down from peak in prior year $560k Amazing Fantasy #15 7.5 - $450k April 2022. Previous $300k in April 2022 Amazing Fantasy #15 7.0 - $222k April 2022. Down from 2022 peak of $252k Amazing Fantasy #15 6.5 - $225k March 2022. Previous $72k in 2020 Amazing Fantasy #15 5.5 - $102k March 2022. Down from 2022 peak of $120k Spider-Man #1 9.4 - $241k Sept 2021. Previous $150k in 2017 Spider-Man #1 9.2 - $168k Nov 2021. Previous $53k in 2013 Spider-Man #2 9.6 (Twin Cities) - $168k Sep 2021. Previous $66k in 2011 Spider-Man #3 9.6 - $148k Sep 2021. Previous $48k in 2021 Spider-Man #4 9.6 (Twin Cities) - $174k Sep 2021. Previous $78k in 2011 Spider-Man #9 9.8 - $132k Sep 2021. Previous $26k in 2015 Spider-Man #14 9.8 - $210k Sep 2021. Previous $55k in 2015 Fantastic Four #1 9.2 - $1.5M Apr 2022. Fantastic Four #1 (CBCS 9.4) - $985k in April 2022 (Clink Exchange) Fantastic Four #1 9.0 - $264k Apr 2021. Previous $161k in 2017 Fantastic Four #1 8.5 - $350k Apr 2022 (Clink Exchange). Previous $132k in 2021 Fantastic Four #1 7.5 - $168k Apr 2022. Previous $69k in 2020 Fantastic Four #5 9.4 - $138k Apr 2021. Previous $85k in 2020 Fantastic Four #5 9.2 - $150k Apr 2022/$160k Feb 2022 (Clink). Previous $117k in 2021 Fantastic Four #48 9.8 - $108k Jun 2021. Previous $37k in 2021 X-Men #1 9.6 - $807k Jun 2021. Previous $250k in 2013 X-Men #1 9.4 - $215k Nov 2020. Previous $153k in 2018 X-Men #1 9.2 - $276k April 2022. Down from peak of $305k in 2022 X-Men #1 9.0 - $185k Dec 2021. Previous $95k in 2021 X-Men #1 8.5 - $132k March 2022. Down from peak of $158k in 2021 X-Men #1 8.0 - $102k April 2022. Previous $90k in 2021; Clink $147k in June 2021 Avengers #1 9.6 - $369K Sep 2021. Previous $194k in 2018 Incredible Hulk #1 8.5 - $245k Mar 2022 /Clink $270k Jan 2022. Previous $93k in 2019 (peak of $132k in 2016) Incredible Hulk #1 8.0 - $188k Dec 2021. Previous $140k in 2021 Incredible Hulk #1 7.5 - $106k March 2022. Previous $42k in 2020 (peak of $70k in 2019) Daredevil #1 9.8 - $250K Mar 2021. Daredevil #1 9.6 - $150K Apr 2021. Previous $102k in 2021 Journey into Mystery #83 9.4 - $432k April 2022. Previous $320k in 2021 Tales of Suspense #39 9.2 - $144k Sept 2021. Previous $65k in 2017 (peak $72k in 2011) Tales of Suspense #38 8.5 - $120k Nov 2021 (Clink).

Assume this will be another record setter. Last 6.5 was in 2015 for 725k while a 4.5 sold for 1.14m in January

ComicLink finally did me in.....this April Focused Auction is just too much. I was trying to recap these last two sessions but I have lost my mojo. I got to the "H"s and threw in the towel. Plus the Heritage books/art results this week really makes you not care that much about how a bunch of 9.0 copies of ASM #361 are doing at the moment.

Well....your copy is likely worth at least $12K more than a couple of weeks ago. A white-pager in 6.5 just went for $84k.

For those that want to debate - here are the last seven CGC 3.0's that sold on Heritage. Ignoring one Sept 2021 sale that was Blue Label but had a Stan Lee signature on the cover. Without a doubt - the 10/10/21 copy is the best looking of the bunch with a nice date stamp too. Also note that the 8th sale was 11/8/20 that went for $18k. So it essentially doubled from Nov 20 to Oct 21. Just noticed there is another 3.0 going up this week.

Thanks.

Instagrailz (Instagram consignment service) seems to have completely disappeared this week. No IG page, no website.....anyone have any insights? I don't recall any farewell post and complete disappearance of past content and website makes you think something more nefarious. They seemed to successfully push a lot of books - they sold a $48k copy of ASM #129 9.8 last week alone.

May have a lot to do with their timing of acquisition/cost of goods on the book as well.....which I can fully appreciate.

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The Heritage 4.0 closed at $57.6k tonight. Last copy that went at that level was back in Sep 2021. 2021 8 $75000 $35851 Oct-24 $75000 1974825004 Oct-13 $60100 3727537005 Sep-19 $55200 0957018001 Jun-29 $45750 3824051004 Jun-14 $42600 3727537005 May-16 $53500 2006604003 Apr-05 $45901 1139608001 Feb-25 $35851 3763625001

Will also be testing this out at WonderCon next weekend. Last Con I went to in Dec was talking to a dealer about an Avengers 4 in 6.5 which he offered to discount to $4800. I won one on Heritage a few weeks later for $3500 which was more inline with market rates.

Here are some Session 1 results for the Mar/April Focused CL Auction.

You thrown out the truly silly, one-off highs and lows over the past 14 months and ASM 238 in 9.8 has been a pretty stable investment as indicated by 2021 avg, 12 month avg, 90 day and last sale. ASM #129 has been a bit more volatile across most grades including the super high grades. Two 9.8 sales on GPA in 2022 - one for $38.4k in Jan and one for $57k in March (Intstagralz seems to have sold one for $47k last week). 9.4 has six sales ranging from $6.9k to $9.2k. Year Number High Low 2022 6 $3200 $2859 2021 37 $4100 $1800 Dec-24 $3000 3825361001 Dec-19 $3200 2105812004 Dec-12 $2525 1208747001 Dec-04 $3300 2104016002 Nov-21 $2520 1975515001 Nov-15 $3399 0191403004 Nov-11 $3201 3748925002 Nov-06 $2142 2105812004 Oct-28 $3250 3909133009 Sep-30 $3150 3909133008 Sep-26 $2880 1974760001 Sep-19 $2880 1975029002 Sep-11 $3240 3707425010 Aug-26 $2880 3826009009 Aug-10 $3000 1205510001 Aug-08 $3360 1208747001 Jul-26 $3000 3842556004 Jul-07 $3500 2129298024 Jun-21 $3051 2104381007 Jun-03 $4100 3759353013 May-28 $3350 2129298025 May-25 $3300 1465111013 May-25 $3150 1024366002 May-23 $2640 1973529002 May-08 $3050 0032520012 May-06 $3850 1255305015 May-04 $3001 2025247012 Apr-30 $3550 0164697004 Apr-25 $3700 Apr-23 $3650 1556671004 Apr-16 $2844 1133164008 Mar-18 $3700 1134493002 Mar-14 $2656 2082409003 Feb-24 $3200 2027273001 Feb-21 $3850 3721716008 Jan-16 $1800 3747274002 Jan-12 $2000 3755234005

In a classic bulls vs bears debate - I am going to take the short. Despite discussions around presentation of some recent under-performers, there have been enough recent sales across enough grades and enough different platforms for me to conclude we have hit a top. At least for this bull run. I am not predicting massive declines or winter is coming - but I think the rapid price increases are done for now. - the comic connect results for the 8.0, 5.5 and the 3.0 were all 10-18% lower. - heritage results have been flat for the past month. A 3.0 closed this Sunday at 44k which is was 10% under GPA - the Goldin results from early March were all flat/lower for a 5.5, 4.5, and a 2.5. Most down in the 8-10% range from recent GPA - The March CL results were mixed (a 6.5 was up vs a 2 year old comp, a 4.0 was down, and a 1.5 was up slightly) The biggest recent positive was the huge 1.8 EBay sale which now seems a bit sketchy. This is the same pattern we saw over the past 18 months with other books like X-men 1. Not saying a gorgeous, high grade copy won’t buck the trend - but not the “work a day” copies that show up on heritage and CL every week/month. Will be watching the 4.0 with interest on Heritage this week. The last two 4.0 sales were 75k in Oct and 72k in Jan.

Here are some "big book" results from the ComicConnect auction this week. I did not include the Marvel Comics #1 "Pay Copy" results but close to $2.8M after 15% buyer premium. And a 2.5 copy of Marvel did better than a 4.5 sale in January. A few other observations: - I do believe we are seeing a top on Amazing Fantasy #15 - at least for now. This auction was down. The Goldin from a few weeks ago was down. Weekly Heritage results have been mostly flat (Sunday 3/20 PM update - a 3.0 sold on Heritage for $44.4K vs last sale in Feb of $48k). The March CL results were mixed (a 6.5 was up vs a 2 year old comp, a 4.0 was down, and a 1.5 was up) On the Silver Board there has been discussions about the quality of the copies that have been a bit softer. But 2-3 months ago every ragged copy that came to market seemed to push prices higher. Someone may point to that recent eBay sale of a $39k for a 1.5 as a counter point. But that feels like the definition of an outlier as it was $17k higher than a Feb sale and $7k higher than a March 2.0 sale. - The Amazing Spider-Man #1 6.0 was an unbelievable looking copy. It trended higher than the 6.5 copy over the entire auction. - Incredible Hulk #1 numbers were really impressive and seem to build on the Nov and Dec sales numbers for 8.0/7.0 copies - X-Men #1 still seems to be bouncing around a fairly tight range since the 2nd half of 2021 with most grades peaking in Spring/early Summer 2021. - JIM #83 and TOS #39 showing some nice strength on CC. A TOS #39 5.0 did much better here than the 5.0 copy on the March ComicLink (20k vs 16.8k)

Final March Clink results. Note that any change between +2% and -2% is in black (essentially flat), >2% is green, and <-2% is red. Note that I mislabeled the March results column as Jan (3rd column) - that is the March results. The far right column is the comparable Jan results if available.

As others have stated above, I think there are often "deals" to be found on Clink. But you can find exceptions in every auction on every platform. For example, I won a Fantastic Four #211/9.8/WP/Direct Edition from Heritage for $930 two weeks ago. A similar WP/DIrect/9.8 sold for $1,303 yesterday on Clink. And there are outliers on all the platforms too. In session 1 of March Clink auction a X-Men #133/9.8/OW-W/Newstand sold for an eye-popping $2,833. That is way above FY22 high of $1680 and FY21/All-time high of $1800. And Heritage had a big outlier I noticed last night - a What If #1/9.8/WP sold for $3,120 which is way above all-time high of $1300 last year and the Jan/Feb 2022 sales that were in the $700-$800 range. And I am sure there were many more than just those two - those just happened to catch my eye.

I tend to go in on opening day and put low opening bids on anything of even remote interest. You can then track them in the My Auction Bids section.

Because absolutely no-one demanded it.......here is the Session 1 results for March C-Link. Not a Batman collector but I was struck by how many really great Batman and Detective books there were. And what felt like a lot of 9.9's and even one 10. Big increases vs prior since many books have not seen sales for nearly a decade.

And to give DC some love - I believe new records for Batman #1 in 5.0 at $510k and Superman #1 in 3.0 for $720k.

Fair - and I believe Goldin is much better known in the card community. Though they did have some solid results. They have a much more curated auction as well - I didn't count but probably less than 50 books overall and no scrubs. A couple of notables A Fantastic Four #5 in 6.5 went for $31.2k which is a new record high vs GPA results and up from $24.9k last GPA sale. A TOS #39 in 4.0 got close to its 2021 peak with a $16.2k sale vs last GPA in January of $14.5K. JIM #83 in 8.5 sold for $85.2k (last sale was in April for $75k). TOS #39 in 8.5 sold for $102k vs $99k GPA in Nov. ASM #129 9.8 and 9.6, GSX #1 9.6, XM #1 3.0, FF #49 8.5, DD #1 7.5 all went right around most recent GPA results (some a bit higher some a bit lower) So wasn't a weak auction. And the AF15 results weren't weak either........just didn't feel as "frothy" as the past several months where every auction/sale regardless of platform saw a material increase over the prior sales.

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Possible - though that 4.5 was a white pager with some pretty bold colors. And for sure just a personal preference - but if someone gave me a choice of the Goldin 2.5 plus $17k or the Ebay 2.5 straight up (the one that sold for $55k) - I would go Goldin and the cash I guess with those lower grades - gotta pick which faults are most acceptable - detached covers, missing pieces, trashed spine, stains, etc. They are all going to have something ugly about them. I am a sucker for rich, bold colors....it can pull my eyes away from the other deficits.