Batman # 1 Blue label 9.0 to be auctioned on ComicLink again.

[VintageComics]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

[G.A.tor]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

[bluechip]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

 

Depends on which population you poll and what that particular population wants..

 

If you poll the average person (including the average wealthy potential collector), their default response will be the "'rational" conclusion that "went out out with the moon.'" And I've found that once they are informed otherwise, their confidence in the comics market is not necessarily strengthened (especially when they hear how standards have changed in the past and they realize they might change again, meaning books considered investment worthy today might be branded as non-investments tomorrow (e.g. pressing)

 

Since you owned that particular tec 27 you know much better than I what it looked like before. So on the one hand I bow to your knowledge and valuation. On the other I say if buyers had that same info (along with pictures so they knew they could show it to others if and when they went to sell), then they wouldn't necessarily have to bid with the presumption that the book has big pieces replaced, etc.

[Mr. 10%]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

[bluechip]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

 

Only if they live in TX or CA a/o picked it up in TX. They might owe "use tax" in their home state or country, but Heritage wouldn't collect that up front.

 

[G.A.tor]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

 

Depends on which population you poll and what that particular population wants..

 

If you poll the average person (including the average wealthy potential collector), their default response will be the "'rational" conclusion that "went out out with the moon.'" And I've found that once they are informed otherwise, their confidence in the comics market is not necessarily strengthened (especially when they hear how standards have changed in the past and they realize they might change again, meaning books considered investment worthy today might be branded as non-investments tomorrow (e.g. pressing)

 

Since you owned that particular tec 27 you know much better than I what it looked like before. So on the one hand I bow to your knowledge and valuation. On the other I say if buyers had that same info (along with pictures so they knew they could show it to others if and when they went to sell), then they wouldn't necessarily have to bid with the presumption that the book has big pieces replaced, etc.

any potential buyer could have called cgc for notes ...unfortunately, contrary to what I and you "think" the book should be worth, it is only worth what the folks that have bought and sold it say it is worth and it has publicly been for sale for at least 4 times and sat on clink site for months and months (thumbs u

[G.A.tor]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

only residents of Tx, Cal and maybe NY? have to pay the sales tax... other states' residents don't (like me) (thumbs u

[G.A.tor]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

 

Only if they live in TX or CA a/o picked it up in TX. They might owe "use tax" in their home state or country, but Heritage wouldn't collect that up front.

(thumbs u

[Mr. 10%]

Well I live outside the states and have picked up 'in person' at Mapple ave. before. And they charge me Texas tax (8-9%) on the pick ups !

[G.A.tor]

Well I live outside the states and have picked up 'in person' at Mapple ave. before. And they charge me Texas tax (8-9%) on the pick ups !

yes, local pick up is the same as local purchase (ie living there..no different than paying tax at walmart no matter what state you live in)... would be much cheaper for you to have them ship it to you, if you are buying that kind of $ amount

[VintageComics]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

only residents of Tx, Cal and maybe NY? have to pay the sales tax... other states' residents don't (like me) (thumbs u

 

Yes to NY.

 

(thumbs u

[G.A.tor]

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

having sold the book once for 80K, I really did feel it was a 75K-80 K copy...so, yes, I was prepared to "pay" $65K for it... just got outbid by a bit...

 

and the final price was 66,920 net, the buyer paid no taxes on this purchase (thumbs u

 

When auctioned out of Dallas by Heritage then Texas tax apply (8-9%). That was my understanding ... ? At least that was what Heritage told my on another purchase not long ago. If that is not correct I must talk to Heritage about some transactions ...

only residents of Tx, Cal and maybe NY? have to pay the sales tax... other states' residents don't (like me) (thumbs u

 

Yes to NY.

 

(thumbs u

I thought I had heard that they added an office in NY too

[VintageComics]

I had a package delivered to NY and got dinged sales tax.

[bluechip]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

 

Depends on which population you poll and what that particular population wants..

 

If you poll the average person (including the average wealthy potential collector), their default response will be the "'rational" conclusion that "went out out with the moon.'" And I've found that once they are informed otherwise, their confidence in the comics market is not necessarily strengthened (especially when they hear how standards have changed in the past and they realize they might change again, meaning books considered investment worthy today might be branded as non-investments tomorrow (e.g. pressing)

 

Since you owned that particular tec 27 you know much better than I what it looked like before. So on the one hand I bow to your knowledge and valuation. On the other I say if buyers had that same info (along with pictures so they knew they could show it to others if and when they went to sell), then they wouldn't necessarily have to bid with the presumption that the book has big pieces replaced, etc.

any potential buyer could have called cgc for notes ...unfortunately, contrary to what I and you "think" the book should be worth, it is only worth what the folks that have bought and sold it say it is worth and it has publicly been for sale for at least 4 times and sat on clink site for months and months (thumbs u

 

I didn't even know that CGC kept detailed notes on the resto until recently, so I imagine there are others who likewise weren't/aren't aware. But even knowing that I can call CGC for notes is not as reassuring to me as it would be having "before" pictures and detailed description. In most of my conversations with people outside the hobby, I know most people would like the idea of having something in hand, especially when paying that kind of money. It's the same as when you sell a house or a car. If you tell the buyer they can always call some number and get a verbal description or guarantee over the phone, some may be reassured. But most would prefer it if you give them the documents (be they blueprints, maintenance receipts, permits, etc.) so they can have and hold them.

 

[G.A.tor]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

 

Depends on which population you poll and what that particular population wants..

 

If you poll the average person (including the average wealthy potential collector), their default response will be the "'rational" conclusion that "went out out with the moon.'" And I've found that once they are informed otherwise, their confidence in the comics market is not necessarily strengthened (especially when they hear how standards have changed in the past and they realize they might change again, meaning books considered investment worthy today might be branded as non-investments tomorrow (e.g. pressing)

 

Since you owned that particular tec 27 you know much better than I what it looked like before. So on the one hand I bow to your knowledge and valuation. On the other I say if buyers had that same info (along with pictures so they knew they could show it to others if and when they went to sell), then they wouldn't necessarily have to bid with the presumption that the book has big pieces replaced, etc.

any potential buyer could have called cgc for notes ...unfortunately, contrary to what I and you "think" the book should be worth, it is only worth what the folks that have bought and sold it say it is worth and it has publicly been for sale for at least 4 times and sat on clink site for months and months (thumbs u

 

I didn't even know that CGC kept detailed notes on the resto until recently, so I imagine there are others who likewise weren't/aren't aware. But even knowing that I can call CGC for notes is not as reassuring to me as it would be having "before" pictures and detailed description. In most of my conversations with people outside the hobby, I know most people would like the idea of having something in hand, especially when paying that kind of money. It's the same as when you sell a house or a car. If you tell the buyer they can always call some number and get a verbal description or guarantee over the phone, some may be reassured. But most would prefer it if you give them the documents (be they blueprints, maintenance receipts, permits, etc.) so they can have and hold them.

that is true, but there are very few people "outside the hobby" that have a tec 27 on their radar (thumbs u

 

but you are absolutely correct, I have had some Ext books in my hand that I "knew" were frankenbooks, and I have had some ext books in my hand (like this tec 27) that I knew were "cherry" all things considered

[Mr. 10%]

I think right now Everyone would take 1 over 2.... right

 

Unconditionally ?

Surely the price needed to be paid should be factored in ...

I would take (ii) if the price was 50% of (i).

well, the price is about 35% of it right now...I thought you meant if priced the same

 

This 35% figure would then imply that a moderate/extensive job on a blue label book promptly would reduce its market-value by 65% ?

 

Wow! At least it would in this concrete case (that is if just for a moment assume that the mentioned figures (from where ever they are pulled?) are realistic. And I think they are ...

they are, because the 8.5 Ext just sold for $66K and a 4.0 unrestored would likely sell in the 170K range...give or take (thumbs u

 

Less than a year ago a blue 1.5 sold at Heritage for approx. 83 K I think. And that with 5 grade ticks up to the 4.0 ...

 

I bought that copy with a specific purpose in mind (resubmit)...

got a 2.5 once resubmitted (thumbs u

 

Wow - congrats on that resub (thumbs u

[Mr. 10%]

I think right now Everyone would take 1 over 2.... right

 

Unconditionally ?

Surely the price needed to be paid should be factored in ...

I would take (ii) if the price was 50% of (i).

well, the price is about 35% of it right now...I thought you meant if priced the same

 

This 35% figure would then imply that a moderate/extensive job on a blue label book promptly would reduce its market-value by 65% ?

 

Wow! At least it would in this concrete case (that is if just for a moment assume that the mentioned figures (from where ever they are pulled?) are realistic. And I think they are ...

they are, because the 8.5 Ext just sold for $66K and a 4.0 unrestored would likely sell in the 170K range...give or take (thumbs u

 

I though the Heritage copy went for about 77K (maybe with the juice?), which will in my view turn out to be a big bargain over the long haul, especially if it's possible to show future buyers proof of what the book appeared to be prior to resto. From what I understand the scans are out there; so if I were the new owner I'd work on having the old scans acquired and put in a packet of documents detailing precisely what was done (and what wasn;t). That's the sort of thing they do in most other collectibles fields and from all indications it makes a big difference to buyers and potential buyers.

, nope, was $66, 920 with juice (I was an under bidder)

 

Ridiculously low price.

 

Wholesale price, actually -- like many other low grade or restored tec 27s and Action 1s that've passed through Heritage over the years.

 

Unless the new owner is careless or pressured, it will sell for much more the next time around.

what's funny is it only sold for $59K 6 months ago in heritage...

when I first bought the book 3 years ago in a clink auction, I got it for around 53K or so...we sold it for $80K.... been moving in the wrong direction ever since

 

Well perhaps its time for this book - together with other restorativly de-aged Mega Grails - to make a new quantum leap then ?

Perhaps that was in Gators mind when he bid on it. I mean wanting to own it again. I can understand the thrill of buying it for 59K and then selling for 80K I definitely also think that this book has a significant investment potential. Sky is the limit so to say. But remember in the 66,920 there is also taxes. So the grand total is above that.

BUT what I dont dig is that 'wrong direction trend' documented by those figures pulled above ...? The current crisis makin itself felt perhaps?

 

I like the guys at Heritage, but I thought it was a bad idea when I saw the book listed in the same auction as the 8.0 book, and immediately after it at that. Even a few minutes later would have been better.

 

They and the consigner were likely hoping that a bidder on the other book might hang in there and bid on the restored book. But the focus on the other book leading up to the sale meant that people just weren't thinking about the other book. At least not all that much.

 

If the restored 8.5 (an original 3.0-3.5?) had been the only book in that auction, and had been advertised as the best numerical grade copy available, with easy to absorb information about how little "work" was actually done to it -- and pointing out that an action 1 in similar restored grade (which needed more work to achieve that number) sold for about 120K the previous year, then that would have been the book people were talking about. Less publicity, sure, but all of it focused on the 8.5. In that scenario, I think the book brings a lot more. Auctioned a week or month after the million dollar sale, I think it makes more. Auction by its new owner at some point in the future with careful planning, I think it also makes more. (it would not be the first or even the fifth time a low grade megakey went cheap at auction and showed up later in a higher sale)

 

I know hindsight is easy, but I felt the same way prior to the auction and was simply hoping I turned out to be wrong. I wasn't, and somebody got a great book for a wholesale price.

 

 

 

I doubt that this is the highest numerical. There is one 9.0/9.2 in the census I think ...

[Mr. 10%]

Rick, if indeed the book was a 3.0-3.5 (or whatever it was) then it went cheap IMO.

 

Are there any pics or references of the book before it was restored?

 

[Mr. 10%]

the days of "rational" thinking that it should be worth at least as much as its previous unrestored grade went out the window moons ago...

 

I would think that it depends on who's buying.

 

If it's a collector where the book is going to get buried for a generation then I'd think that they might be willing to pay a bit more (I would) than someone who is going to be turning it around quicker.

there is always the exception, but poll the population at large, and I think you will see what market perception is (thumbs u

 

Depends on which population you poll and what that particular population wants..

 

If you poll the average person (including the average wealthy potential collector), their default response will be the "'rational" conclusion that "went out out with the moon.'" And I've found that once they are informed otherwise, their confidence in the comics market is not necessarily strengthened (especially when they hear how standards have changed in the past and they realize they might change again, meaning books considered investment worthy today might be branded as non-investments tomorrow (e.g. pressing)

 

Since you owned that particular tec 27 you know much better than I what it looked like before. So on the one hand I bow to your knowledge and valuation. On the other I say if buyers had that same info (along with pictures so they knew they could show it to others if and when they went to sell), then they wouldn't necessarily have to bid with the presumption that the book has big pieces replaced, etc.

any potential buyer could have called cgc for notes ...unfortunately, contrary to what I and you "think" the book should be worth, it is only worth what the folks that have bought and sold it say it is worth and it has publicly been for sale for at least 4 times and sat on clink site for months and months (thumbs u

 

I didn't even know that CGC kept detailed notes on the resto until recently, so I imagine there are others who likewise weren't/aren't aware. But even knowing that I can call CGC for notes is not as reassuring to me as it would be having "before" pictures and detailed description. In most of my conversations with people outside the hobby, I know most people would like the idea of having something in hand, especially when paying that kind of money. It's the same as when you sell a house or a car. If you tell the buyer they can always call some number and get a verbal description or guarantee over the phone, some may be reassured. But most would prefer it if you give them the documents (be they blueprints, maintenance receipts, permits, etc.) so they can have and hold them.

 

I have called for notes on some restored books I considered - and the value-estimate usefullness on that info available is close to 'very slight'. Hands down: it is not very informative, not very detailed, and important parts of the restoe-description is some times simply missing ... but perhaps thats just me. I am not an expert on restored. I read the boards and pick up what I can ... thats what I do

[G.A.tor]

Rick, if indeed the book was a 3.0-3.5 (or whatever it was) then it went cheap IMO.

 

Are there any pics or references of the book before it was restored?

 

not that i am aware of, I bought it already slabbed in 8.5 ext holder years ago