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TMNT #1 Club
19 19

Started by RockMyAmadeus,

3,699 posts in this topic

GM8

GM8

Posted
Posted
On 11/2/2019 at 9:40 AM, GM8 said:

The "other" 9.8 is at auction on Heritage and it's at $25,200 for now (including buyer's premium). In case you've been living underground in the sewers (:bigsmile:) you'll recall that the previous 9.8 sold this summer for a whopping $90,000 also on Heritage. We'll see where this 9.8 ends up but I believe the sale prices will mimic the turtlemania golds of recent yore.  On ebay right now #6/10 is at $41K with 1 day remaining. This past summer #7/10 sold for $58K. I think collectors final bids will be similar in these books and the 9.8's hammer price on Heritage will behave in a similar fashion.

https://comics.ha.com/itm/modern-age-1980-present-/teenage-mutant-ninja-turtles-1-mirage-studios-1984-cgc-nm-mt-98-white-pages/a/7212-91102.s?ic4=ListView-Thumbnail-071515

A quick update, the 9.8 above on Heritage is now at $34,800 total with just a few bids in the last week or so. Auction has 4 days remaining.

 

Of note, the 9.8 that was on ebay for $100K BIN has been pulled. Also, the Turtlemania Gold on ebay that was listed a second time has also been pulled before a sale - at least that we know of.

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GM8

GM8

Posted
Posted (edited)

Less than 24 hours in the auction of the 9.8 on Heritage and there's been more activity. It's over $50K as of now. Last one sold for $90K over the summer. After the proxy bidding ends there's an additional live auction segment that runs from the 21st through the 24th. So we're not there yet but by Sunday we'll have more price clarity on 9.8's - and someone will have themselves a pretty sweet comic.

 

https://comics.ha.com/itm/modern-age-1980-present-/alternative-underground/teenage-mutant-ninja-turtles-1-mirage-studios-1984-cgc-nm-mt-98-white-pages/a/7212-91102.s

 

And then just when you thought it was down to this one, another one pops up. This is a new listing and hasn't been offered for sale yet by my data and the seller also seems to state that in the listing. Only $91K and it's yours (there's best offer too).

https://www.ebay.com/itm/Teenage-Mutant-Ninja-Turtles-1-CGC-9-8-Mirage-1984-1st-Print-TMNT-2081174001/202825006465?hash=item2f394ffd81:g:3scAAOSwYoZd0eIk

Edited by GM8
new listing
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GM8

GM8

Posted
Posted (edited)

 

1 hour ago, pubmonkey said:

And this one:

https://comiclink.com/auctions/item.asp?back=%2FAUCTIONS%2FSEARCH%2EASP%3FFocusedOnly%3D1%26where%3Dauctions%26title%3DTurtles%26ItemType%3DCB%23Item%5F1364734&id=1364734&itemType=0

...with a reserve

 

This one is the same book from dotcomcomics that was on ebay for $100K. Bid up to 37K now.

 

Meanwhile the ebay listing just changed its price twice from 91K to 89.5K now to $79.9K.

 

The Heritage auction closed earlier than listed for $52,800, quite a bit lower than expected. Although with 2 others available right now, the water is very muddy, so to speak.

Edited by GM8
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GM8

GM8

Posted
Posted
1 hour ago, pubmonkey said:

Doesn’t the Heritage auction finish on nov 24? I find their auctions a little confusing...

That's what I thought too but this one says "sold for...".   Then down below it says the 21st-24th auction dates. So I'm lost too.

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lou_fine

lou_fine

Posted
Posted
16 hours ago, GM8 said:
17 hours ago, pubmonkey said:

Doesn’t the Heritage auction finish on nov 24? I find their auctions a little confusing...

That's what I thought too but this one says "sold for...".   Then down below it says the 21st-24th auction dates. So I'm lost too.

Well, it's all rather quite simple if you take a look at one of their auction catalogues.  :gossip:

Like all of the other previous Heritage Auctions in the past, they are broken up in various sessions which are spread over a multi-day time period.  The big Platinum session and higher dollar value comic book sessions goes on the first day (i.e. Thursday) and this one here already accounted for something like well over $7M in sales by the end of the first day.  The auction wraps up with Session 7 on Sunday which I imagine must be the one for the online only (i.e. no live Floor auction) auction for the video games.

Looks like the CGC 9.8 graded copy of TMNT 1 must have been considered to be a primo book since it was included as part of the Platinum Session and sold for a relatively high $52,800.  O.o

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lou_fine

lou_fine

Posted
Posted
20 hours ago, GM8 said:

The Heritage auction closed earlier than listed for $52,800, quite a bit lower than expected. Although with 2 others available right now, the water is very muddy, so to speak.

What was your expected price target on this book here, as many of the board members here thought this was actually a pretty strong price for the book?  hm

Especially considering the fact that there's already another 26 copies of this book graded in the same equivalent CGC 9.8 condition plus another 45 copies just one notch lower at CGC 9.6 which are probably getting the living daylights squashed out of them in hopes of attaining the much vaulted 9.8 grade.  Definitely no shortage of HG copies of this book here as there are already over 300 copies graded in CGC 9.0 condition or higher.  Plus the fact that there are probably still quite a few uber HG copies sitting out there in private collections that hasn't come close to a grading table yet.

Many board members are thinking more along the line of this since these are now starting to show up in virtually every single auction:

14 hours ago, carefulsum said:
20 hours ago, Gotham Kid said:

lol

lol

lol

 

That's what I'm saying, the fella that bought it for 90K last auction I'm guessing isn't too happy right now. 

 

And then on the other hand, we have the opposing viewpoint:

14 hours ago, pubmonkey said:

I think he’ll be the one laughing in 2 to 3 years

 

I guess only time will tell as to which side is correct in terms of what direction this book will be heading longer term. hm  :taptaptap:

 

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GM8

GM8

Posted
Posted
1 minute ago, lou_fine said:

What was your expected price target on this book here, as many of the board members here thought this was actually a pretty strong price for the book?  hm

Especially considering the fact that there's already another 26 copies of this book graded in the same equivalent CGC 9.8 condition plus another 45 copies just one notch lower at CGC 9.6 which are probably getting the living daylights squashed out of them in hopes of attaining the much vaulted 9.8 grade.  Definitely no shortage of HG copies of this book here as there are already over 300 copies graded in CGC 9.0 condition or higher.  Plus the fact that there are probably still quite a few uber HG copies sitting out there in private collections that hasn't come close to a grading table yet.

Many board members are thinking more along the line of this since these are now starting to show up in virtually every single auction:

 

As I've stated, my price expectation for this sale (without competing books listed since they are fairly rare) was between $69K and $90K. Why? Well because one just sold for $90K and subsequent offers posted for other Heritage books have seen offers as high as $67.5K. I think the competing books really effected this latest Heritage auction.

 

Your interpretation of 30 copies being a lot I just flat out disagree with, particularly in a print run of 3,250 roughly. And speculation about there being lots of ungraded, very high grade copies sitting out there is unlikely in my opinion. In the past 2 or 3 years only a handful have been added to bring us to 30 9.8's.

 

But interpretations aside, it's all about price and now we have two relatively close (in time) sales of 90K and 52.8K. That's all that matters.

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lou_fine

lou_fine

Posted
Posted
2 hours ago, GM8 said:

And speculation about there being lots of ungraded, very high grade copies sitting out there is unlikely in my opinion. In the past 2 or 3 years only a handful have been added to bring us to 30 9.8's.

From a collector's point of view, there's absolutely no reason at all to get a vintage collectible book graded unless it comes time to sell it.  hm

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GM8

GM8

Posted
Posted (edited)
12 hours ago, Icculus308win said:

Well I was about $18K off with my $71,000 guess....I’ve done worse 😂 
(Huge congrats to the seller of the now infamous $90K copy) 

Now I’ll guess $61,000 for the C-Link 9.8

That may be very close to the last bid. But I'd have to guess it never reaches the reserve price. One buyer is already out of the market and there aren't many who can afford a 5 figure comic book. 

 

It's a similar situation to the 9.6 that sold on heritage not long ago for 26k, then multiple people listed theirs and the price fell back to 18's and 19's.

Edited by GM8
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GM8

GM8

Posted
Posted (edited)

The Comic Link auction had some activity today, up to $48K, close to the hammer price on the last Heritage copy. There's 4 days left on this one but the reserve hasn't been reached yet.

 

https://comiclink.com/auctions/item.asp?back=%2FAUCTIONS%2FSEARCH.ASP%3Fwhere%3Dsell%26title%3Dteenage%20mutant%26ItemType%3DCB%23Item_1364734&id=1364734&itemType=0

Edited by GM8
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