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

1,155 posts in this topic

COI

COI

Posted
Posted

Thanks buddy! I'm back, and I'm rated-G.

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COI

COI

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Posted
I should thank you for your part in the Bio-Rupp saga that played out over the last couple weeks. It gave me lots of joy during my exile.
You're just a hater. I'm watching what threads you're reading and I know what you did on vacation.

 

You sometimes express disagreement with my posts based on logical grounds, which makes you the hater.

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comix4fun

comix4fun

Posted
Posted
I should thank you for your part in the Bio-Rupp saga that played out over the last couple weeks. It gave me lots of joy during my exile.

 

 

Welcome Back!!

 

 

How was your compulsory vacation?

 

 

 

ANSWER THE QUESTION!!

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Chespirito

Chespirito

Posted
Posted
I should thank you for your part in the Bio-Rupp saga that played out over the last couple weeks. It gave me lots of joy during my exile.

 

 

Welcome Back!!

 

 

How was your compulsory vacation?

 

 

 

ANSWER THE QUESTION!!

 

 

This has 'Locked'...written all over it........ :popcorn:

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COI

COI

Posted
Posted
I should thank you for your part in the Bio-Rupp saga that played out over the last couple weeks. It gave me lots of joy during my exile.

 

 

Welcome Back!!

 

 

How was your compulsory vacation?

 

 

 

ANSWER THE QUESTION!!

 

I played outside a lot, and reflected deeply on the lessons cgcmod0 has taught me.

 

If this answer doesn't support your position or justify the posture you have assumed, please disregard it and continue to demand an answer to your question.

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comix4fun

comix4fun

Posted
Posted
I should thank you for your part in the Bio-Rupp saga that played out over the last couple weeks. It gave me lots of joy during my exile.

 

 

Welcome Back!!

 

 

How was your compulsory vacation?

 

 

 

ANSWER THE QUESTION!!

 

I played outside a lot, and reflected deeply on the lessons cgcmod0 has taught me.

 

If this answer doesn't support your position or justify the posture you have assumed, please disregard it and continue to demand an answer to your question.

 

 

I've come to a fork in the road. I may take it.

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Bronty

Bronty

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Posted
:bump:

 

Missed bumping this thread on its 4-year anniversary a few days ago. It's still my favorite comic-related thread ever on the Boards. :devil:

 

poor boston corbett lol

 

Still hoping he'll come back and give us another economics lesson :wishluck:

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JiveTurkeyMoFo

JiveTurkeyMoFo

Posted
Posted
:bump:

 

Missed bumping this thread on its 4-year anniversary a few days ago. It's still my favorite comic-related thread ever on the Boards. :devil:

 

poor boston corbett lol

 

Still hoping he'll come back and give us another economics lesson :wishluck:

 

Yeah, that was enjoyable. lol

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comix4fun

comix4fun

Posted
Posted
:bump:

 

Missed bumping this thread on its 4-year anniversary a few days ago. It's still my favorite comic-related thread ever on the Boards. :devil:

 

poor boston corbett lol

 

Still hoping he'll come back and give us another economics lesson :wishluck:

 

 

 

4tf3k.jpg

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AlexanderM

AlexanderM

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I have a few questions for our board appointed economics professors (I play one at the local University in real life, by the way). What is the comic worth if...

 

1. There was at least one other person willing to pay $12,350 on the eve of the auction? ANSWER: $12,350 (to that other person, at least on that particular day). That's not including the other bidders who dropped out before reaching this number. And, interestingly, the buyer (me) already had offers from colleagues who collect high grade books for a significant "return" on my "investment." Go figure.

 

2. What is it worth to people who find ZERO intrinsic value in this particular issue in this particular grade? ANSWER: $0 Thus, I will likely not attempt to sell any of my high grade comics to members of this board. For instance, G.I. Joe issue #21, even if a 9.9 pops up, is still worth crapola, and I will never ever own a copy. Why? It has absolutley ZERO intrinsic value for me (and G.I. Joe really really does suck donkey ballz).

 

3. In the comic book industry, can someone please intelligently explain the theory of "Exponential Value Theory"? HINT: The difference in value between .5 and 1.5 is less than 1.5 and 1.8... The difference in value between a 9.6 and a 9.4 is greater than a 9.4 and a 9.2. For an example, just look at the price of Tales of Suspense #39 in 9.0 and 9.2... and then look at the prices between 9.2 and 9.4. Other examples...

 

EXAMPLE A: Luke Cage: Hero for Hire CGC 7.0 sells for $69. There is no significant increase in value until you hit the 9.4 range when it's worth a few hundred bucks. However, Luke Cage: Hero for Hire CGC 9.6 sells for $3,000. And the single 9.8? Well, it sells for whatever ungodly amount of money the winner can afford to grab the book when (if) it ever comes up for sale (I won't be selling it any time soon).

 

EXAMPLE B: Everyone on the board seems to be aware of Incredible Hulk #181. A CGC 9.4 sells for $3,000, a 9.6 sells for $5,000, a 9.8 for $15,000 ($25,000 on a good good day), and a 9.9, again, for whatever ungodly amount of money the winner can afford to grab the book for when (if) it ever comes up for sale.

 

EXAMPLE C: NEW MUTANTS 87 in 9.8 sells for $125 to $150. 9.9 Sold for $3,500 (i.e., an ungodly amount of money that the winner happened to be able to afford when he stumbled across the auction).

 

EXAMPLE D: Iron First #14 sells for $500 in 9.4, $800 in 9.6, and $2500 in 9.8 (I was lucky and snagged a copy at $2,100 -- am I lucky for getting it on the cheap, $400 below FMV, or stupid for not donating the money to poor starving children in Africa? It would pay for 200+ manual laborers in Kenya, by the way). If a 9.9 ever pops up, Good Lord, you'd better be Pablo Escobar to have a prayer of owning the book -- you need to be rich and willing to kill to get it.

 

EXAMPLE E: New Mutants 98. 9.6 sells for the same price as your garden variety "Charmin," 9.8 sells for $200 to $250, and 9.9? Yes, whatever ungodly amount of money, blah, blah, blah.

 

THIS is the lesson that should be discussed. Comics are worth more (significantly more) as their condition increases. How much a book increases in value depends on: individual taste x popularity/demand for a particular issue x scarcity of the issue x popularity of the character x key "event" in an issue x CGC grade (PGX and other company's -- because of their lack of discipline -- doesn't count, unfortunately) x scarcity of CGC grade x luck (knowing of the auction, being in the country to bid for the auction, when other people are NOT aware of the auction, etc.) x [insert whatever variable I'm missing here, please]. Good luck figuring the math out. Please email me when you have.

 

The idea of "pressing," getting screwed, spending too much, etc. is irrelevant. The "possibilities" of how/why this book is no different from 9.8s is moot. Indeed, outside of the case, it's worthless and I would be a complete fool for cracking it open. For starters, I'd instantly be out $12,500. But, thankfully it's still in the case and graded by CGC. CGC, while not perfect, is perfectly objective. At some point, on some day, three CGC employees agreed this book deserves a 9.9 and they assiged this particular book the grade 9.9, and they did not give this grade to any of the previous 9.8s. Yes, the "label" makes the value and not the book itself. Why? Because it's not me, Moose, Tommy Boy, Ricky, The Sperminator, or any other "board" member assigning the grade after we've "pressed" the out of the book. It's CGC, the industry bible. Is the grade a mistake? Maybe. Fluke? Perhaps. Will other high grade books "come forward?" Probably. But even with others -- or even a perfect 10 -- the odds of landing this issue, in this objectively graded condition by industry experts who are presently recognized as "The Authority" on comic book condition, is astronomically remote. The only difference would be that now someone else would have another extremely rare -- and valuable -- high grade comic.

 

The lessons for the high grade collector? 1) Exponential Value Theory means that the price of the "one grade below" has NOTHING to do with the price of the book "one grade above." 2) Valuing a comic is a complicated process that consists of many many variables and you'd better be aware of them before you buy (or sell). 3) ANYONE spending more than cover price on a comic is spending more money than the average Kenyan earns in a day. And 4) if you find a super high grade "popular" book with few others listed on the CGC census, act immediately, or lose the book (and be prepared to give your left nut for the book you want -- I, by the way, am now sans ballz).

 

Thus endeth the lesson.

 

FYI... Pedigree cashed the check today.

 

:bump:

 

All I can hope is that some day some industrious Economics Student does a google search on their Economics Professor, manages to put two and two together, and then facefarks him with this wall of deliciousness.

 

It appears he was also the buyer on the first HFH #1 9.8 copy that cost him over $10k. The most recent 9.8 sold for $2,300

lol This guy is not doing so well!

 

Or he is doing really well.

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A.Romeo

A.Romeo

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Posted (edited)
What would it have sold for if it was a 10?

 

25k, 30k?

 

Human stupidity knows no bounds. What is stupid here is that NOBODY could pick out the one 9.9 out of 100 lot of 9.8 books. That's why it really is kind of dumb.

 

Jim

 

I guess we know the answer to this one huh!

Edited by A.Romeo
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