Local store using GPA to price raw books...unreal!

[Mark 1]

I went to a local comic store in South Florida and was checking out a Tales of Suspense 63 in about 8.0 grade (maybe 7.5) but it was a raw book.

 

The guy had it priced at $350. Overstreet has the book at $192. So I said to him that the price was much higher than guide...

 

He then says "well let's check out GPAnalysis". I said to him well that is based on CGC slabbed books and this is a raw book.

 

He says "well it's a good idea of what they sell for"...

 

GPA says $184 for a 8.0 slabbed book.

 

He then turns to me and says...I'll let you have it for $225 today. I looked at him like he was nuts! I said no thanks and just shook my head at what these guys are thinking.

 

Does he think I am stupid? I think he does.

 

First, I don't know what that book would grade if CGC had it and second, even CGC graded books aren't that high.

 

Interesting that he also priced it at $350 to begin with....probably just for the suckers in case they walk in and don't know a thing about pricing.

 

Some of these types of dealers are really what is driving the need for CGC and GPA. It's unreal that some guys think this way.

 

I'm curious about your thoughts about dealers using GPA to price raw books...

 

 

[Par2ch]

What store?

[Mark 1]

What store?

 

I'd rather not bash anyone publicly...but it did happen

[tortoise]

that seems typical. IME most stores go about 10-15% over guide

I think using GPA is a just a way for this dealer to look justified in doing so.

the dealer obviously didn't expect to get $350, which is why he dropped it down to $225 almost immediately. He probably would have taken $210-15 for it if u wanted it.

[Fedoraman]

What store?

 

I'd rather not bash anyone publicly...but it did happen

 

 

That's what this site is all about

[Sal]

Some people's pricing model seems to be;

 

First, you take Overstreet's price.

Then, you take GPA 90 day data.

Then, you take GPA 1 year data.

Then, you take GPA last sale data.

Then, you take comicpriceguides.com.

Then, you take completed eBay sales.

Then, you take consignment sales.

 

Lastly, you pick the highest number of the above.

 

 

it's human nature, i suppose

[Mac Man]

I don't mind dealer's using GPA on raw books... providing they subtract the slabbing costs from the value when determining their price.