Aman619

got it. I just read the CGC announcement in full and was heading over to see how this has been received. Seems to me that they still haven't put BOTH titles on the slab. Some collectors Do collect runs of foreign comics but without that info on the label, and in the database, these collectors cannot search fr them under the foreign titles. At least I think that data should have ben added to one of the existing fields and be searchable. next time

Yeah but who’s talking about UK price variants until someone misunderstood that they were in the HA auction. When people say Marvel Sulver Keys they mean non variants generally however looking at the awesome covers in CGCs announcement about foreign editions will definitely fan the rising flames for these cool and old variants. They look COOL! And scarce. Imagine them in high grade! but which country does one focus on? All? Just UK in English? Exciting that time will tell and weed out the common from scarce and desirable from ordinary.

I can think of 5.3 million reasons you’re spot on!

Parrino owned a 9.4 FF 1. that alone paid for all his mistakes - if he held on. He threw out the baby with the bathwater when he got out completely. But youre right that he made a cynical and miscalculated entry trying to elevate prices overnight. And had bad advice.

?? Even you have stated that Parrino’s mistakes wasn’t overpaying, but bailing too soon…. And in the current million dollar climate, irs safer than ever and you don’t have to wait decades to be in the black like it used to. Parrino would be sitting pretty with the paltry amounts he invested. Unless you are talking about his real errors like silly stuff like Smash Comics. He also bought the right keys at prices anyone wishes they did.

Sorry about your Heritage experience. That must have been a pretty testy phone call if they knew about the rest of your collection and it ended with you feeing so raw.. Silly to blow off 750K in future consignments.

Is buyer worried he overpaid? Best medicine for that is to make the amount public and goose the market. And voila, in a few years you’re a genius for buying it so cheaply.

Thanx guys. Great book! I bought and read em all… actually just the Jaime stories. Beto style didn’t do it for me.

there's an earlier # 1 right? and 2 printings of this one? ... found it: https://www.ebay.com/itm/224223343963?chn=ps&norover=1&mkevt=1&mkrid=711-117182-37290-0&mkcid=2&itemid=224223343963&targetid=1262749492782&device=c&mktype=&googleloc=9060351&poi=&campaignid=14859008593&mkgroupid=130497710760&rlsatarget=pla-1262749492782&abcId=9300678&merchantid=7915494&gclid=EAIaIQobChMIzLP69qyf9wIVwf_jBx2WcQtuEAQYBiABEgK25PD_BwE

the advantage to selling the comics and reinvesting is you'd save 8% in capital gains taxes on every dollar of profit after reinvesting the proceeds. But you'd have to find investments that will increase in value quicker than the comics. I wouldn't worry about "diversifying" into stocks. chances are you already have a portfolio of them. But, if all your keys are restored, that's another matter because they won't be appreciating at the same rate as High Grade unrestored comics will. also, like the guy complaining about a dealer who wouldn't bargain over $15 in Comics General... what happened at Heritage that you say they cheated you? You're may be cutting off your nose to spite your face because they can auction your books at exciting prices. Why the grudge?

time to announce the price and details!

Great point. I wasn’t thinking about that aspect. Dave holding his books so long — and others too— retards the price escalation of the hobby!

That’s what I’m saying. I’m with all of you that when CGC came along, the higher grade no name copies trumped the lower graded pedigree copies. The pedigree bubble burst. Why buy that sweet Rockford 9.2 when offered a no name 9.4? Pedigrees lost their must buy lustre im seeing the new money without our shared history going for the allure and da het of the Pedigree labels Specifically Church copies as they keep buying they may follow our lead, but there’s no doubt this Superman 1 price is related to it being the mythical Church copy —- not meaning it’s the best copy, but simply the Church copy of Superman 1 from the most desirable pedigree collection

I don’t have the massive stick up my xxxx you do about CGC grading. To me their grades ARE the grade, and I’ve gotten expected grades, great grades and disappointing ones. Times have evolved from the days of everyone deciding their own books grades. If DA was in the mindset of pre CGC when he picked his keeper copies, he could be as surprised as we all have been on some submissions we bought or chose as the better copy. That’s all I’m saying. As we know, Dave owned all 3 of the best Superman 1s. So he’s probably okay. But —- None of us know the grade until we get them back. And “truly unrestored” is meaningless for these books. None of these books is truly unrestored. It’s a quaint point of view. There’s no way DA or family won’t discuss what needs to be done.

Id say at some point there will be distinctions. But to date for golden Age books, ANY copy suffices. Also Modern 2nd and 3rd printings are usually labeled as such, and have different covers and.or markings, and were published for collectors who wanted each printing.

he meant the Green Lantern who had a love/hate attraction to wood.

Except perhaps in the case when comparing an 8.5 Church to a 9.0 no name copy… only one grade apart. . We are seeing a great resurgence in pedigree importance out there, even more so than in the old days before CGC grades supplanted them. Especially Church mega keys like this Of course, nobody bats !000… DA may have to live with only 3 of the most valuable copies of his 4 big DC keys.

That’s all part of the math. I only meant to point out that when someone’s cost basis is very low, you can pay “insurance” and get a do over. Insurance being how ever much it costs in fees. as for my specific example, market value is not literally “the last price paid for anything” except on Wall Street where there are 1000s of shares trading hands constantly. One low final bid at a comics auction relies on dozens or scores of people tuned in at that moment many of whom aren’t bidding on it. Next week same book could be higher or lower.

As for consignors buying back their own books, since they'd only do it because they'd hoped for a higher sale price, and are willing to take it back for another day, they just do some calculations as to how much more $$ they want to be into a book for. If you paid $1000 for your AF 15 20 years ago and GPA says you'll get 100K today, but the bidding is ending at 60K, (for whatever reason), would you mind paying another few 1000 to get the chance to sell it later for a higher price? Now you're into a 100K book for 3K! why not?

skimming the article I think this speaks only to whats going on in the art auctions. Auction houses make deals with Guarantors before accepting some high priced items for auction. They guarantee a floor price, like a reserve, but the difference is the guarantor gets to buy it for that price. With a reserve it reverts back to consignor. Seems that if the guarantee was 100M, the auction would add the commission to that and announce a sale of 120M. But only the guaranteed amount (100M) would change hands. So the public sale price must now be lowered to the 100M keeping the market value to just what was actually paid. Im assuming the consignor gets less, after consignment fees are taken by the auction house. I dont think we (yet) have this happening in comics auctions.

perfect description of where our hobby is currently.... This also explains our consternation of late at the prices being paid today. Those of us who have been around for decades look at the people paying them as "out of their minds" because we have attachments to them at much lower values. It like buying a coffee today and having to pay 3.50 when the "price" we expect based on experience is way under $2. or a normal lunch at work breaking $20 when for years it was hard to crack 10 bucks. Younger people today pay what things cost today! New collectors pay today's prices because they have no experience of $1000 getting you a high grade AF 15 ... or even a Fine.... or even a lousy VG with chipping!

CBG advertised a few other private auctions too. Comic Heaven, and others were regularly scheduled events. Sothebys and Christies were a high mark in the 90s for wider acceptance. but they petered out as art was getting huge prices and the 1-2M comics auctions became insupportable to their big machines. Of course Mastro came along, geared to comics and cards and posters (our stuff) but went south too under the weight of their "dealings".

Its all a progression. That 3M sale back then made todays sales prices possible. Just as todays 5.3M sale opens up the high end even more

Bring out the Bangzoom books! Time to see what he has so he can go after upgrades! Im kidding, nobody id upgrading at todays prices for these books. But had he slabbed them 10 years ago he could have, if he wanted to for a lot less. heck, we aren't sure he even put them in mylars yet! : )

I dunno. Im tempted today "because it's More Fun that way?