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MyNameIsLegion

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Posts posted by MyNameIsLegion

  1. hey @tth2 are you still able to edit the title of this thread? I don't think most agreed to make one HA thread for all signature auctions, each one has months of ramp-up and wind down and it's own personality that it simply makes more sense for them to live on their own, but I think you could make this the officially HA weekly Art Auction discussion thread. 

  2. On 5/17/2024 at 3:23 PM, Telegan said:

    Yes, that's what's been said, but ... Gold itself used to be a contrarian investment to tech.  Tech in a rising interest rate environment probably shouldn't be going up.  Oil and precious metal traders admit they usually have no idea long-term what's going to happen with those commodities (and it's somewhat been proven the past few months/years).  So these all can't be contrarian to one another and still be contrarian to comic books, can they?  Which is why I was saying when comic books were going up, energy both dumped and went up at different periods during that cycle (as an example).

    Even within comic books, there are eras, genres, artists, etc, Golden Age, as an example, which have been generally holding up well so far while the rest of the market corrected.  Now if/when the rest of the comic market goes up, will that mean Golden Age will tank?  Who knows.

    One thing I've always thought about this supposed relationship among these investments is the fact that stuff like gold, silver, equities, bonds, crypto, oil, etc. can be algorithmically traded.  Probably 60% (at least) of all equities trades are done by computers nowadays.  I don't know of a way to algorithmically trade comic books and fine art.  I wonder if there is a lead/lag factor in price trends in any of those type of "investments".  So, for example, "OMG, my oil stocks are crashing!  I better jump into comic books!" (I have no clue who does this, but whatever. lol).  To sell comic books will take time.  Even to buy may take time.  You're not going to quickly allocate money from one to the other unless you're being at least somewhat indiscriminate about what you're buying.  I think this, in part, is why comic books are still tanking.  We're still seeing the cascading sell-off from the COVID boom.  Whereas in stocks, it's more like "log in... click ... sold.... I'm out."

    wait, what thread am I in? We can't have a conversation about precious metals, Al Gore ain't got no rhythm :drumroll:, and the price of investments vs. collectibles (Gene can probably copy/paste previous arguments here) without @tth2 and @delekkerste :rulez:

  3. On 5/16/2024 at 9:19 AM, Michael Browning said:

    I had it a month, so no loss at all. I paid $650 for it and got $650.

    On comics, if I have them for more than a month, I'm sweating trying to get them sold. I like the chase more than keeping them, honestly, and every comic can be bought back (my philosophy on selling comics: This ain't the only copy).

    loss averted. I'm curious what condition the IH181 was to go for $650?

  4. if indeed as @Tnexus suspects, they took an inkjet print and applied pencil roughs and maybe some spot inks on top of that to make it look organic then this is a smoking gun. speaking of gun, I find it off that it is cut off in the drawing, but they would have to trim it, as any printer cannot print to the edge of the page so they would have to hand trim it to make it look real, and who draws 3/4 of a gun? I'm sure they had a full figure drawing on the computer that they could print to any size and trim or edit as they saw fit. Swap out weapons, hats, facial expressions, maybe move an arm or a leg, just like  Neal Adams would do on his variations on a theme con drawings. 

  5. On 5/16/2024 at 8:26 AM, Michael Browning said:

    Team America pages will ALWAYS go up in value. Just like U.S. 1 pages. ;)

    I guess I was one who saw that the 2020 boom wouldn't last forever and I was cautious and didn't buy a lot of expensive stuff during that period. At least I didn't buy at those prices. I tend to view every single piece as an investment because I know one day it will all get sold -- whether I sell it or my family sells it when I'm gone, I don't ever want to lose a penny.

    I will say that I have never, in my almost 30 years of collecting, seen art drop drastically in value. It might not go up exponentially, but it goes up some, at least. I'm not saying it can't happen, but I don't think it will in my lifetime.

    I don't have unlimited resources so I have had to calm down on buying big items last year and this year. It's why I didn't buy the Team America 1 cover and the Ghost Rider 70 cover. I love, love, love those pieces, but I couldn't see a near future in which -- if I had to -- I could recoup $25,000 each on those, so I backed away on the TA cover and didn't even bid on the GR. As much as I wanted them (and I could have raised the cash pretty quickly), I also knew that I would have to wait YEARS for that investment to grow into what I paid.

    And I totally get that humans aren't rational, especially comic art-collecting humans. The OA-collecting heart wants what the OA-collecting heart wants. It just hurts my heart to ever sell anything at a loss. I sold a Hulk 180 a month ago for exactly what I paid for it to fund a piece of art, but I made money on the overall larger deal and didn't lose a cent on the Hulk, so I felt okay with that. If I'd had to sell at a loss, I don't think I'd ever forget that and it would taint whatever I bought with the money, no matter how much I loved the new piece.

     

     

    so you lost money :baiting:in real dollar terms. If you had it more than a year, with inflation you could have lost easily 20% after a few years.  Breaking even on art (or comics) is losing money. We like to overlook that stark reality, but it is reality. There are absolutely areas of art collecting that have lost money in real dollar terms. If you held onto your Pogo's strips to the bitter end, they are losing money when you sell, even if you break even in face value.  A $200 strip in 1995 would have to sell for $411 now to break even. If a nominal increase in value over time doesn't keep up with inflation- you are losing money.  If you sold the $200 strip for $300 in 2002- you made money.  I know it's antithetical to our lizard brain, but always cut your loses first, not last.

    BTW- even though you lost money on the Hulk #181, you were wise to sell it since it's dropped 40-50% from it's peak in certain grades. So you you minimized your losses. 

  6. On 5/12/2024 at 8:34 AM, Hockeyflow33 said:

    There are so many pages from the weekly Heritage auctions that show up on dealer sites or CAF resellers for insane prices. Several pieces I've sent to auctions over the last few years sold wicked cheap, like way under $100 and they all sit of dealer sites for 5, 6, or 10x what they paid 

    check the flip thread- there's a Romita piece in comicart-live right now that sold in the Wednesday HA and is marked up double. it hasn't shipped, probably hasn't even been paid for. Are they high? 

  7. https://en.wikipedia.org/wiki/Autopen

    we are less than a few years away from AI being able to mechanically produce penciled and inked original art. Granted, this is totally unnecessary when it all can be done digitally, but it can be done mechanically. 3D printing, CAD drawings,  Toss in a little AI and you could create or recreate mechanically penciled and inked original art- complete with pencil underlayment with impressions and indentions and real ink.  The autopen is 200 year old technology, it' has only gotten better with computers. Program a little randomness, imperfections, incomplete lines and it can be near impossible to detect.  

    So yeah, I imagine there are art farms cranking out originals faster than Ed Bene's studio. Just imagine what this could mean for the comic sketch cover market.  You could have an original cover drawing created before the comic is even produced and shipped.  Just tell the art rep what you want, and they will tell your favorite artist to plug it into the random Harley Quinn AI pin-up generator using their style and away we go. Cha Ching!

     

     

    • buy what you like (say the dealers and quasi dealers pretending to be collectors) Those types are just trying to rationalize or justify some exorbitant price. 

     

    • buy what you is available to you, especially if you don't have any competition and you have the rare opportunity to be the first one to own it in a considerable number of years (not an auction, not a dealer, you're just buying other people's cast off's or flips or dealers flips of a cast off or flip, and it will co$t 50% more just because of the change of hands whether the piece is worth it or not objectively) Even if it's not your favorite piece, someone else may appreciate it even more, and likewise they may have something they are bored with that you like and it can be a win-win and not break the bank)

     

    • 50% of the people that contact you out of the blue to sell are lying about something. Which 50%? Therein lies the rub. None of their words should sway you, only the amount negotiated. Ask your network of collecting buddies that are not dealers, fake collectors, birthers or influencers or have been in the hobby less than 10 years, they don't know enough to have an educated opinion), -odds are they have history with them that will be informative  

     

  8. I've said it before, and I"ll say it again, I don't ship to the IFS, (Italy, France, Spain) because it's iffy if it gets there. I'm willing to add Belgium to the list, and call it the BIFS, but "biffy" isn't as pithy as "iffy" B|