The thing about this thread that I'm trying to wrap my brain around [and no, it's not who is going to win the upcoming James Johnson v. sfcityduck lawsuit] is that it appears that this book is going to hammer around 200K ( to 250K ??!!) according to those in the know here. How is it possible that a Tec #27 8.5 mod(P) just sold for 242K, but this book, which clearly would supposedly grade out as a 0.5 mod(P) Action #1, will sell for the same $$ ? That's my dilemma.
I get that there is an aggressive bidder who has a coverless copy who wants the cover. This cover will get him what? If his coverless copy is unrestored, how would he approach the cover. The cover is restored with pieces added and colour touch I believe. If one believes this restoration could be reversed, at least the pieces added, does he get a conserved copy? and at what grade with pieces missing from the cover? And then there is the issue of his second copy, now coverless, which has value either as is or selling off individual pieces of the Superman story. So I'm trying to do the math, but it probably all depends on how much the guy originally paid for his original coverless copy.
If he paid , say, 50K for the coverless copy, then pays 250K for this one .... that's 300K. And the work to add a cover to a book, and do a bit of resto removal.....not much expense there. I don't know, does the math work? What am I missing....maybe it does if his (now) complete book gets a conserved designation and he has an incomplete coverless still to sell if he wants...
I'm trying to understand this game, and when I think I do......then all of a sudden I don't