DC#

Session 3 - Day 4. I am getting bored now.......if I don't do any other recaps I think it is safe to say the overall story will likely be the same.

Session 3 - Day 3

I want to dig deeper into some of the spreads as well. I would've guessed that % spreads between most grades except maybe the 9.8/9.6 stuff would have remained fairly constant over time - noting that a snapshot at any moment in time might show something funky due to a new high-water mark in one grade that has yet to impact the adjacent grades. I did a very casual look at IH181 between 6.5 - 7.5 - 8.5...and while the % spread between 6.5 and 7.5 has been gone up a little bit between 2018 and now (but mostly steady) - the spread between 7.5 and 8.5 actually dropped by half. It was running around 40% in 2018 and is now down to 20% - and the 90 day was down closer to 10% (though I appreciate that this market is somewhat volatile these days so the 90 day may be nothing to hang your hat on). Noticed some of the same drop in % spreads on low-mid to lower grades of AF15.

Will be interesting to see what you come up with. I will also note that the Dow 30 is made up of companies with Market caps ranging from $44B to $2.4T and is definitely price-weighted. Microsoft will have a much bigger impact on your daily results than Walgreens. Anyway - I am not a statistician but I have played one on TV..... I'll post whenever I get it done and let people shoot it down.

I am working on another analysis project in my spare time. Trying to create a "DOW 30" equivalent in CGC comics as an index for the overall state of the market. Idea is to take representative books (no more than 1 issue per title to avoid skewing when a particular title gets hot) - 10 Silver, 10 Bronze, and 10 Copper/Modern - and look at 3 separate grades per book. So this DOW 30 will actually be based on the value of 90 books. Going all the way back to 2016 so it is taking some time Will share more as I get further along. Or someone tell me if there is already an app or site that is doing this exact thing and I will stop wasting my time

Session 3 - day 2. I am being very selective in what I am looking at....there are soooooo many books. Some sales are not even covering the grading fees. I do wonder why some books ever got slabbed.

Here are some key books from the first day of CL Session 3. Given this session is closing over the next week - I will post incremental recaps as time allows. Day one is the same story as seen in Session 1 - majority down from last and 90. But unlike Session 1 where some books rebounded from August CL results - the Spidey books here just continued the downward trend. The really big exception was the ASM 300 9.8 Newsstand - that is a huge sale.

This is a nice way to start the week........

Thought I would recap Session 1 of the September ComicLink auction (following the August recap I did a few pages back on this thread). Not sure I have the time or energy to do a recap of the 95 pages of Session 3 Anyway - I added some DC books this time to be a little more inclusive. Also added a column with the August CL results if I had tracked the same book/grade. All these results are only CGC Blue Label books. Apologies in advance if there are typos or transposed numbers....... A few of my observations... +/- 5% from prior sale or 90 day in the this market is essentially flat. The market still feels pretty volatile seeing so many books with 20%,30%, and 40% swings within a given month. If you are a buy and hold person it is probably good idea to embrace the idea of dollar cost averaging when buying right now. Some of the books that saw such meteoric rises over the Spring/Summer (GSX1, IH 181, X-Men 1) have not yet found their footing. Even in a declining market, the page quality, appearance of the book can make a big difference in sale results. Especially on the high grade books. Some books rebounded from the August CL results - feels like there were some good buys in that August auction. As another person commented somewhere on these boards......feels like many IG, FB, and even Ebay sellers are trying to hold their prices to the summer highs. And as another person said - "yesterday's prices are not today's prices" Which is true going both directions.

Both books sold via PM. Thanks for looking.

SOLD

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 BOTH BOOKS ARE SOLD VIA PM

I assume this market is made up of three principal players - collectors, investors, and speculators. And though there are people out there that may define themselves as purely one of these - I suspect that many active buyers in the market are some combination. Speculators (or the speculator in us) helped fuel some of the rapid growth this year - even among keys. Investors are helping to keep some of the key, high-grade books at new highs. And at some point collectors (including traditional dealers) will need to come in and re-establish the new floor as prices decline. Though speculators will come back in at some point as well to see if they can catch the next rising wave.

I feel ya. I still have a few dozen books I wouldn't mind owning if the price is right....but then there are the handful that I just need to be prepared to go all in on. I did that a few times this year - ended up overpaying at the time but the market quickly passed my high-water mark.

Last 6.0 sale was June 20 so no good comps. 5.5 was June at $18.5k (no 90 day) and 3.5 is $3.7k (outlier?) with 90 day at $6.5k. T

In particular the holy grails of grails (AF15, IH1, FF1, etc.) are going strong. Also FF 5 doesn't want to stop - CL only had a 4.0 in this last auction that went for $13k vs $11.1k/$11.4k (last/90). I didn't get a chance to see the CC results on FF5 (I think there were 3 to 4 books being sold). Maybe someone else here caught that info. Typo - those are TOD 10 prices. Sorry.

For those who like looking at numbers.....below is a recap of some select titles/issues from the last ComicLink auction. Compares CL results to Last and 90 Day GPA. Tried to make sure it was all apples to apples and only titles that had sales in the past 2-3 months but there may be an oddball or two in there. And apologies to GA or non-Marvel fans - this is all Marvel stuff. Some general thoughts: - Clearly trending down with a few flat to up spots here and there. Even looking at "Last" and "90 Day" shows the down trend. For this bucket of books - the average was down 12.6% vs Last and 12.3% vs 90 Day - This CL auction seemed particularly weak. Some of the sales were really way off the mark. Though I will say some of the Comic Connect results this week are below these CL results. - The most consistent bright spot is the Spider-man Silver-Age villains which seem to be on a hot streak right now. Noticed that I didn't update the Secret Wars #8 numbers below. 9.8 was $695 vs $930/$726 and the 9.6 was $303 vs $348/$344. Tomb of Dracula is #10 not #1. And the X-men #129 9.8 was a Newsstand edition which explains the large increase vs GPA

I am hoping that is was someone who discovered this was the exact book from their childhood given to them by someone with tremendous sentimental value. Because not sure the value is there outside of sentiment. But you still need at least two people bidding to get to that amount. Maybe estranged siblings battling over their long-gone parent's lost comic........ The buyer could have likely landed a ASM #1 in 6.5/7.0 for that amount. Or the first appearance of Doc in close to the same grade.

Another example.....ASM 238. 27% difference on same page quality and direct edition - 3 days apart. Again - later sale did much worse than earlier sale. The higher one was just below the 90 day average but above the last sale of $2880 (Aug 26th). Peak was $4100 in June.

Was going through the results from the CL auction that just closed this week....looking at general trends and spot checking a few books. I have noticed over the past few auctions that the same book can have very different results within the same auction - even when all things are equal. Obviously white pages and a great wrap can drive a premium - but below are some examples from this past week that are really odd. The ASM #300 is a real head scratcher - even with page quality gap. The one book sold for nearly $2000 below the most recent sale. Congrats to buyer and condolences to the seller. The GSX has a page quality difference but the total $ difference really stuck out to me - $2500 less. For the most part - books that closed later seemed to fare worse. And getting to the title of this thread, all these books sold at or below most recent GPA and all were below 90 Day. GSX #1 was way below the last sale from June.

Got to +$600k very quickly.

A couple of "soft" numbers I happened to be tracking from the CL auction that just concluded: GSX 1 9.0 sold for $7.3K vs 90 day of $8.8k. April peak of $12.5K ( probably an outlier) with most July sales in mid 8s Star Wars #1 9.8 - two copies each sold for $4.5K. 90 day is $5.7k, peak $6k in June, and even last Ebay sale in Aug was $5.7k. ASM #252 9.8 (direct edition) - sold for $1.4K. 90 day is $1.8k, peak of $2k in early June (ignoring a $2.4K outlier in July which was also probably a newsstand) with most August sales being in the $1.6k-$1.7k range.

DKR #4 sold via PM

$700 less than the 5.0 copy on Clink last week. That 5.5 on eBay was not a bad looking book.

Bumping to try and find some Bat love......will move to Ebay in a few days.