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lobrac

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Posts posted by lobrac

  1. On 7/8/2022 at 3:55 PM, comiconxion said:

    The Defenders DPS is now sold... still a few more hours until the post-auction sale closes.  Feel free to ping me directly if you have questions or want to make an offer.

    I seem to remember the Defenders DPS sold on a You Tube claim show for $4500. But I guess we shouldn't believe everything we see on the Internet?

  2. On 6/24/2022 at 9:33 AM, MyNameIsLegion said:

     

    Take a run of the mill  Sal Buscema Defenders panel page:  In the course of a few months, it could:

    Scenario A

    Sell on ebay for for $1000 (net $900 to seller1 after fees, paypal etc)

     Flipped to Comiclink and sold for $1500 (net say $1250 to seller2 for all his expenses, Profit: $250)

     Flipped to HA and hammers for $2000 (really 2400 with juice) Seller3 nets...maybe $1550? he paid shipping and tax from original purchase, etc. Profit: $250-$300) 

    Current Owner: he paid HA $2650 all in, TTLSF etc.

    If he in turn sells another Sal Buscema Defenders page on CAF or worse HA for $3600 with BP to pay for it, using this new perceived market for Sal Buscema Defenders panel pages that seems to think that $1000 page is now a $3000.  Yet in the course of 6 months, NOBODY made even a third of that in profit, but auction houses, payment services, sales tax and shipping costs account for over $1500 of that perceived market value.  

    Scenario B:

    Seller 1 sells Sal Buscema Defenders panel page directly to seller 2 for $900 cash

    Seller 2 sells to seller 3 for $1200 cash

    Seller 3 sells to Buyer for the above for $1500 cash

    Buyer sells another page for $1500 to cover the above expense.

    Suddenly, the market for Sal Buscema Defenders panel pages don't seem so frothy.

    Same page flipped for the same % profit 3 times in 2 scenarios.

    Conclusion: Auction Houses have an outsized and artificial influence on the perceived market value of many item

    In both scenario's above, I don't just look at how much I have in a piece I'm selling. Most items people ask me about I don't want to sell.  I would make a nice profit on them, but I look at the replacement cost. What would it take to replace that piece with something comparable TODAY.  I could not afford to buy the collection I have or one like it. 

    As we saw during covid- with extra cash, no conventions, and pent up demand- prices shot up as reflected in auction sales.   factoring BP, Tax etc that really inflated prices more. Everyone I know says they are price out of the market. If the economy is contracting, inflation is going up, eventually that should be felt in the OA market in some fashion.  It's harder to measure with art, but we all know the DKR underperformed at HA.  A great number of slabbed comics underperformed. They made money, yes, but the only one's we know for sure that made a profit were the auction houses.

    I get it but…

    There is no such thing as a run of the mill Sal Buscema Defenders page.

    Heritage may have “lost” $2 mil on DKR #1 cover.

  3. On 6/6/2022 at 1:29 PM, J.Sid said:

    At shows they have prices on pretty much everything.

    One of Los Bros prices most of his art at cons. The other one, with no marked prices, must have to ask the brother if it's for sale, and then get the price? (In-between re-inking faded pages and/or creating fake title stats for "alternate covers.")

    Oh, and Saul Zimmerman was also at the LA Art Con...with no prices listed on anything.

  4. Here is how the Donnellys AKA Coollines feel about unpublished art...make it appear to be published and try and sell it for an obnoxious amount....

    For instance, this Michael Bair Alpha Flight/Wolverine piece was traded to them as unpublished. The Donnellys then added fake stats and word balloons from the real title page to Alpha Flight #87 to give it the appearance of a published piece...

    https://www.comicartfans.com/ForSaleDetails.asp?ArtId=7719402&fbclid=IwAR24pnTZoqLLV_DuzFdifNrYwfiCErcv2ylm8CzZaBtJcVmv2IegOc6q-48

  5. FRAUD OF THE DAY courtesy of the Donnellys AKA Coollines:

    This Michael Bair Alpha Flight/Wolverine piece was traded to them as unpublished. The Donnellys then added fake stats and word balloons from the real title page to Alpha Flight #87 to give it the appearance of a published piece...

    https://www.comicartfans.com/ForSaleDetails.asp?ArtId=7719402&fbclid=IwAR24pnTZoqLLV_DuzFdifNrYwfiCErcv2ylm8CzZaBtJcVmv2IegOc6q-48