Sale of the Year - New Mutants #98 CGC 9.9 for $12,250 5 5

[comicalgems]

 

$12 for a glass of water? No one would pay that much when you can get an exact same version of the glass of water next door for free! It's like the 12 year old on the paper route who traded his NM 98 for a glass of water. It just doesn't make sense.

 

/sarcasm

 

Do you even read what you write?

 

Yep. Do you read the entire thread? I'm talking about how people are shocked by 12K for a NM 98 in 9.9 but don't flinch when they see a $12 glass of water.

 

YCGFY BTW

[VintageComics]

 

$12 for a glass of water? No one would pay that much when you can get an exact same version of the glass of water next door for free! It's like the 12 year old on the paper route who traded his NM 98 for a glass of water. It just doesn't make sense.

 

/sarcasm

 

Do you even read what you write?

 

I believe the "It just doesn't make sense" was thrown in for irony.

[BlowUpTheMoon]

 

YCGFY BTW

 

Well played sir. You put me in my place.

[VintageComics]

If you think about it, if you take away the super expensive wine the total amounts to $1641 plus tax plus gratuities. Making the total about $2,000 without the wine. Now take into account the huge amount of people at the gathering, and my guess is that dining out there is not as expensive as one would imagine, especially if you take out the wine.

 

If you think about it the point was not what the items on the bill were. The point is that one lunch cost about 4 NM 98 CGC 9.9's.

 

Both prices are likely considered "nuts" to people who don't roll in those circles, myself included.

[COI]

The point is that one lunch cost about 4 NM 98 CGC 9.9's

 

That lunch cost 48K, not "4 NM 98 CGC 9.9s".

[VintageComics]

The point is that one lunch cost about 4 NM 98 CGC 9.9's

 

That lunch cost 48K, not "4 NM 98 CGC 9.9s".

 

As far as this thread is concerned it's the same thing.

 

 

[FlyingDonut]

Let us assume for the purposes of this silly discussion that Mr. Abramovich made $100 million last year (which is probably VERY low, but makes the math easy).

 

That makes his $47K lunch the same as a $47 lunch to somebody who makes $100K. Its all relative.

[COI]

The point is that one lunch cost about 4 NM 98 CGC 9.9's

 

That lunch cost 48K, not "4 NM 98 CGC 9.9s".

 

As far as this thread is concerned it's the same thing.

 

 

Nice try, but a NM 98 in 9.9 isn't currency, and no one is claiming that it is. Don't try to bullspit a bullspitter.

[VintageComics]

The point is that one lunch cost about 4 NM 98 CGC 9.9's

 

That lunch cost 48K, not "4 NM 98 CGC 9.9s".

 

As far as this thread is concerned it's the same thing.

 

 

Nice try, but a NM 98 in 9.9 isn't currency, and no one is claiming that it is. Don't try to bullspit a bullspitter.

 

The NM 9.8 CGC 9.9 is not a currency. I think everybody realizes that. What I probably should have said was that the lunch cost 4 times what the NM 9 CGC 9.9 cost.

 

You also know what my point was. The point is that $12K is a lot of money for a modern comic and $47K is a lot of money for a modern lunch and whether someone is buying 4 moderns for $48K or a lunch for $48K it's really out of the realm of the majority on these boards to consider doing something like that so it's hard to put into perspective when most of us are dealing with 5 and 6 figure incomes.

 

 

 

 

[COI]

$47K is a lot of money for a modern lunch

 

True. 47K can buy a lot of vintage grilled cheese.

 

 

[VintageComics]

$47K is a lot of money for a modern lunch

 

True. 47K can buy a lot of vintage grilled cheese.

 

 

Do you realize that most of the money in people's pockets is not a real currency?

 

[COI]

$47K is a lot of money for a modern lunch

 

True. 47K can buy a lot of vintage grilled cheese.

 

 

Do you realize that most of the money in people's pockets is not a real currency?

 

 

That's certainly true of Canadian pockets.

[gcstomp]

Roman Abramovich has had a rough go of it lately, having lost about 5 billion in past year, as of the last Forbes report on him. His net worth of 8.5 bill for a guy in his 30's, a college drop out yet, is not too shabby I think.

 

So, yeah, dropping 40 or 50 k on a businss lunch, is relatively speaking, like one of us mere mortals spending $5 at Wendy's. I imagine if he wants to impress at a family brunch it would entail Chef Wolfgang whiping up some Beluga and lobster omelettes on his private mountain. Do not worry about directions, as the helicopter will bring you mere steps to the gazebo, while the real life Elvis sings a private ditty to the attendees.

 

I would say, getting back to thread, that buying this book for 12k may seem high. But someone wanted the only 9.9, and he now has it, if another 9.9 never shows up, then maybe it is not a bad buy. In any case, do not think the buyer is sweating it, just chuckling to himself at the peanut gallery who are so shocked th this buy.

[delekkerste]

Let us assume for the purposes of this silly discussion that Mr. Abramovich made $100 million last year (which is probably VERY low, but makes the math easy).

 

That makes his $47K lunch the same as a $47 lunch to somebody who makes $100K. Its all relative.

 

Actually, Mr. Abramovich lost billions of dollars last year.

 

In any case, I'm far less appalled surprised by a multi-billionaire spending $47K for a celebratory business lunch (where the overwhelming majority of the cost was due to premium vintage wines whose market prices are high but well established - as are restaurants' large customary mark-ups, to be sure) than anyone spending $12K+ for a New Mutants #98 CGC 9.9, a book that is practically without value except for the big 9.9 on the label (and which some would deem arbitrary vis-a-vis some strong 9.8s which sell for 1/50th the price). :doh:

[1koko]

Let us assume for the purposes of this silly discussion that Mr. Abramovich made $100 million last year (which is probably VERY low, but makes the math easy).

 

That makes his $47K lunch the same as a $47 lunch to somebody who makes $100K. Its all relative.

 

more relative to Abramohvich is that he has wasted over $1BN on his foootball club (Chelsea)

[scottish]

looks to me like it was lunch for 4. not sure how you got "huge amount of people," but maybe you know more about the backstory than what's evident in the check

 

It says 6 customers, so maybe it was not a huge amount of people. I was just guessing it was a huge amount of people since there were 5 bottles of wine served. I did not take into a account that these people maybe alcoholics.

 

Five bottles of wine between six people defines them as alcoholics?

 

At a nice long, relaxed lunch, you can do a bottle each before the mains arrive.

 

Agreed.

 

A bottle of wine is no biggie. Lightweights.

 

Now if it was 6 bottles of single malt Scotch... (thumbs u

[Marvelfangirl]

Deadpool smash! indeed.

 

 

One of my favorite covers! . Just love it!

Deadpool rules and I love the cover too

[RockMyAmadeus]

Similar to coin craze years back, when an NGC MS70 would sell for 20 times what an NGC MS 69 would sell for, yet they were IDENTICAL coins. The trade was about the holder.

 

This book is a $40 to $50 book. It is being dressed by plastic with a grading label on it, but it is a common book, with no unusual printing defect flaws in run, no great warehouse fire story to eliminate 95% of the population. Virtually any and every comic collector, like the 12 year old who spends his paper route money on it, have a copy of this book in as issued condition. It is a ultra common.

 

But so what, if someone wanted the best graded example right now, then there is a premium, to land the only 9.9 Maybe this purchase price represents 1 hour of the buyers time. Maybe he would have gambled it away at the blackjack or craps table (as many people do all the time) but chose to spend money more wisely than that and have something to show for it. Buyer seems thrilled with purchase, price is reasonable as of today.

 

(thumbs u One of the few sensible responses.

 

Consider this receipt for lunch picked up by Roman Abramovich:

 

 

$47k for lunch, and that's all going down the toilet a couple hours later...

 

Apparently he also tipped an additional $5k on top of the automatic 20%, so his total tip was more than the sale of NM98.

 

If someone has the cash to burn, they don't mind paying way over the odds if it gets them what they want. Why show restraint?

 

What, you've never had Cristal?

 

Worth every penny.

 

Mmm mmmm MMMM.

[RockMyAmadeus]

Similar to coin craze years back, when an NGC MS70 would sell for 20 times what an NGC MS 69 would sell for, yet they were IDENTICAL coins. The trade was about the holder.

 

This book is a $40 to $50 book. It is being dressed by plastic with a grading label on it, but it is a common book, with no unusual printing defect flaws in run, no great warehouse fire story to eliminate 95% of the population. Virtually any and every comic collector, like the 12 year old who spends his paper route money on it, have a copy of this book in as issued condition. It is a ultra common.

 

But so what, if someone wanted the best graded example right now, then there is a premium, to land the only 9.9 Maybe this purchase price represents 1 hour of the buyers time. Maybe he would have gambled it away at the blackjack or craps table (as many people do all the time) but chose to spend money more wisely than that and have something to show for it. Buyer seems thrilled with purchase, price is reasonable as of today.

 

(thumbs u One of the few sensible responses.

 

Consider this receipt for lunch picked up by Roman Abramovich:

 

 

$47k for lunch, and that's all going down the toilet a couple hours later...

 

Apparently he also tipped an additional $5k on top of the automatic 20%, so his total tip was more than the sale of NM98.

 

If someone has the cash to burn, they don't mind paying way over the odds if it gets them what they want. Why show restraint?

 

Sigh.

 

It doesn't matter if the buyer has ten trillion dollars, and this amount is like a penny to them.

 

That...is not...the issue...and it never has been.

 

The receipt you showed had some very expensive items, no doubt. But the reality is, those items have an established market at those prices. They have value, and, in almost all cases, it's quantifiable value. There's a noticeable difference in quality between Cristal and Martini & Rossi Asti Spumante that even the most novice person in champagne can taste. There's a noticeable difference between truffle carpaccio and plain ol' beef carpaccio.

 

When you put a $10,000 1 carat diamond against a $500 1 carat diamond, you can SEE a substantial difference, in clarity, in color, in (lack of) flaws...it's fairly obvious.

 

But if you were to crack this book out and lay it side by side with 10 also-cracked strong 9.8s, who would be able to find the 9.9? Where's the $12,000 difference in quality?

 

And here's the pièce de résistance...that book could go back through CGC and easily get a 9.8...or it could get a 10.

 

So what has the buyer bought? What value for his money has he obtained?

 

And please don't say "yeah, well, he could go spend $10,000,000 on a Honda Civic, so there!"...he COULD...and I doubt the lot owner would turn him down...but he wouldn't have to. Same example here. Prior to CGC, this never would have happened. If CGC didn't exist, this never would have happened. It is only because of what the label says....and not any actual, quantifiable difference in quality of the item inside the case....that garnered the difference.

 

And should we really be encouraging the idea that it's the label that is important, and not the book inside....?

[VintageComics]

Sigh.

 

The label is as important as the book to some.