DC#

Spectacular Spider-man #64 - first Cloak and Dagger. CGC 9.4 White Pages. 90 day is $160 with last sale of $171. Offered here for $140.

Amazing Spider-man #194 Newsstand edition - first Black Cat. CGC 9.0 White Pages. 90 Day is $603 with last sale of $580. Closed

On the Hulk topic - the CL results were: 4.0 - $28.4k 2.5 - $17.3k Hakes results last week were 3.0 - $19.7k vs GPA sales of $26.4k on 10/24, $20k on 9/18, and $27.5k on 8/18 2.0 - $13.1 vs GPA sale of $14.4k on 9/19 and $14.3 on 8/1

Claim if still available

Thanks for catching. yes - $2750 so down 13.2% from prior and 15.9% from 90 day. The adjustment takes the aggregate to -2.4% for this tranche of books vs the -2.5% I communicated yesterday.

Total for CL auction was $1.235M with GPA Last Sale total of $1.266M. Down 2.5%.

Here is Session 1 of the Nov Comiclink Auction. Added a comparison to the Sept/Oct CL results as well. I couldn't even tell you what is happening anymore..... Someone said it earlier but it does seem like CL is particularly weak these days. A few books bounced back from their Sep/Oct results but still a lot of stuff trailing Ebay. Also noticed that the few books I was tracking on Hakes did worse than this CL auction. Is the return of conventions impacting sales on the auction sites?

My general observation is that whether sold on these boards, IG, or other platforms like ShortBox (all non-auction) - the high-grade and low-grade do seem to turn much faster than mid-grade. Which to the pool of buyers point - the pool of buyers for a 9.6/9.8 Silver Key is smaller but so is the pool of books. I suspect that many keys/mega keys have inverse bell curves when looking at a cost per point metric. Higher cost per point on high and low grades - lower cost per point on mid-grades. And even if that is true - the holiest of holy grails probably buck that trend (AF 15, Batman 1, etc)

Sold. Thank you.

Sold. Thanks

Amazing Spider-man 78 CGC 7.0 Off-White Pages: SOLD

X-Men 99 CGC 8.5 OW/W Pages: SOLD

X-Men 97 CGC 8.5 White Pages: SOLD

X-Men 96 CGC 8.0 White Pages: SOLD

CLOSED

TERMS OF SALE: The first "I'll take it" in the sales thread wins. If communicating via PM and an agreement is reached, I will mark the book SOLD in the sales thread No returns on graded books SHIPPING: Shipping in the US is included PAYMENT: Paypal, Venmo, check or money order accepted ADDING ONE BOOK UNTIL THURSDAY NIGHT. I don't have a Kudos thread but can provide some references from books bought and sold on the boards before. And feel free to PM if you have any questions. 0) Amazing Spider-Man 238 CGC 9.6 White pages. Newsstand version. This book has been bouncing around but GPA last is $1040 with 90 day at $995. CLOSED 1) Hulk 181 CGC 6.5 White Pages: Lovely book with great colors and pretty good centering. Prices on this book seem to have stabilized a bit in the past month with most sales between $5.8k and $6.0k over the past month or so. Vast majority have been Off-white pages with a few OW/W and even a Cream/OW. Sold 2) X-Men 96 CGC 8.0 White Pages: SOLD 3) X-Men 97 CGC 8.5 White Pages: SOLD 4) X-Men 99 CGC 8.5 OW/W Pages: SOLD 5) Amazing Spider-man 78 CGC 7.0 Off-White Pages: SOLD 6) Amazing Spider-man 194 Newsstand CGC 9.0 White Pages - Sold 7) Spectacular Spider-man 64 CGC 9.4 White Pages - SOLD

Recently acquired a book with one of your custom labels and it also has a CVA Exceptional designation. Is it possible to replace the custom label with the standard label without a full reholder? And if a reholder is required - will the book retain the CVA designation (assuming no damage/re-grading is required)? Thank you.

They are based in FL - as an out of state buyer I did not pay sales tax. Just completed a sale from this auction and still no tax.

I thought it was a nice looking copy

Not doing the full recap of CL session 4 - but some observations from that session and the Pedigree auction that ended last night. Those final CL sessions still seem to be much weaker than the earlier sessions but still a lot of oddness to be found throughout. An ASM 300 - a 9.8 closed at $4,201 vs $6,100 in prior session; a 9.4 at $1027 vs $1200/$1400; and a 9.0 at $775 vs $908. And yet a 9.6 closed higher at $1821 vs $1700/$1750 in prior sessions. A GSX #1 9.2 closed at $8855 vs $9355 in prior but a 9.0 closed at $8865 vs $7311 in prior (both books were very old slabs - I suspect the 9.0 buyer might be thinking it is an upgrade candidate). A 9.8 GSX sold at $57k which is right in line with last GPA. A Hulk #181 at 8.0 closed at $7300 vs $6800 in prior but a 5.5 closed at $4581 vs $4900 in prior. I also noticed some nice deals on FF #49. A 6.5 went for $1701 vs GPA of $2040 (last) / $2221 (90); a 5.5 went for $1201 vs GPA $2000/$1772. Pedigree was all over the map too. Some things where right in the zone while others were just way, way off. JIM #83 6.5 went for $38k which was a big jump over GPA $25.2/$32.2. X-Men #1 6.0 went for $28k which seems cheap compared to the $38.5k 6.5 sale on CL this auction and the last GPA 6.5 of $50k in Oct. It was a C/OW copy but looked pretty nice. GSX #1 9.6 went for $20k which is inline with GPA. Hulk #181 9.4 went for $18.8 which is pretty close to GPA while a 8.5 went below GPA at $8300 vs $9500/$8882. Same on a 7.0 which went for $5100 vs $6229/$6484 But perhaps one of the best deals of all was a Star Wars #42 9.8 that went for $3000 vs this CL auction that sold for $4411. That $3000 is about half of GPA. And this was a WP copy too. I have a suspicion that there may have been a lot of late bronze/copper/moderns in the Pedigree auction that were bargains

CL does seem particularly soft these past few auctions. But I have also observed some of these same books comping down vs prior sales on Heritage each week. But you can also see books that over perform within the same auction. Every time I have won an auction in the past 12 months - the joy of victory is immediately followed by the thought of "am I the chump here"? A few of my purchases were on GPA as the high sale for a brief time which further amplifies the thought. Always a relief when the next "chump" comes in behind you.

Session 3 - Day 6. An occasional oddball number in the "Last" on GPA as seen on Voltron and even Wolverine #1

I am sure I missed a few other interesting ones too. And I apologize to the Modern peeps out there - I just don't know all variant cover stuff and am too lazy to dig in.

Session 3 - Day 5

Not even my wife asks what my take is I will caveat that I have been back into this hobby for 3-4 years after multiple decades away so my thoughts are probably far less informed than many on this board who have seen far more cycles. I would also consider myself a collector who likes a good investment. So I don't buy stuff because it is hot or to flip - I only buy things I really love for my "Wall of 52" (whittling down my collection to 52 slabs that I love and that are for the most part likely to sustain pretty high value over the years - Silver/Bronze). I will never own a FF #48 no matter how hot it is because I hate that cover. And though I have been slowly selling my childhood collection over the past few years - I am neither a super active buyer or seller. Yes I have a few more books to pick up (anyone got a Hulk #1 they want to part with?) or upgrade but I am not that emotionally invested in the daily ups and downs of the market. But I do find it interesting. So what is my take? All signs are the huge bull market, which really started years ago thanks to MCU - it just got really nuts this past year, has entered a bear phase. - The market has been very volatile the past 12 months. Volatility causes a lot of stress for buyers and sellers as people can feel they are making decisions without accurate information. And I think some of the volatility was brought on by the volume/velocity of sales. In looking at GPA, many books have seen trading volume across most/many grades that were way above historical norms. At some point volumes will come down as volatility fatigue sets in. And as volumes come down - prices may start to stabilize for some books. I think the ComicLink auctions right now are a great example of where the volume is driving down prices. I see some prices coming down on Heritage and Comic Connect too - but they don't feel nearly as steep as CL. But that is just a feeling more than data - I would need to look at it more closely. - The gap between super high-grade keys/mega keys (9.8s in Bronze, top 1-2% in Silver) and the high/mid grades may be permanently further apart. I think there is enough new interest in investment grade books that could keep those big boys within their own market dynamics and may also keep them from declining as fast as other grades. Kind of seeing that already in some sales. - All the theories about new investors, crypto, etc have been well trodden here and other places. Probably some truth to all of it. No one will ever know the degree. But something definitely happened as long-term collectors didn't suddenly all agree that Hulk 181 should be worth 150% more. Quite the opposite - many long-terms were scratching their collective heads at some of the moves. Some of the new people will stay a bit longer, some will find other sandboxes to play in. The speed at which those more transient participants leave the market will have a huge impact on how fast and deep the market corrects. - I do think that many, many key books will set a new floor that will be materially above the 2019/2020 averages. I say that for the true keys - not the spec books that have a first appearance of a 3rd tier character that might show up in the background in the next movie or series. Truly beloved characters and issues will find their footing. Dealers and long-term collectors will likely be the ones who help establish the floor. They may not believe that a 9.2 IH181 was ever a $13k book based on their long experience with it - but living with these new high marks for so long may have altered their view a bit. Those "institutional buyers" are probably not going to let it fall back to the $5-6k range before buying back in. - Lastly, there will always be exceptions to the rule. Because money is emotional, we can often try to convince ourselves that the exception is the rule. This whole topic of "is the market up or down" can be very emotional to people. There have been some very heated discussions on this very thread because we can and are emotionally invested in the positions we have taken - both philosophically and financially. People don't like the feeling of loss - tons of research about the fear of loss being a far more powerful motivation that the desire for a gain. For those who are active sellers who may "need" to sell in the coming weeks and months - there is the risk of what is known as "chasing the market down." That is when your real estate agent tells you to list your house for $925k based on marketing conditions and you demand a $1M listing. The house sits for months and you lower the price to $950k and then again to $925k before finally getting an offer and selling for $885k after 9 months. You probably could have sold the house for $30k-$40k more had you listened to market conditions and quieted your emotions. Anyway - my measly 2 cents for this discourse. I'm not too emotionally invested in the opinions above so always welcome insights and opinions from those that have different experiences than mine.