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Pricing on restored golden age books

Started by Doug014-migration,

39 posts in this topic

kryptonitecomics

kryptonitecomics

Posted
Posted

Well the nomal calculations is as follows:

 

Value of Comic in original condition - Fair $2,160 (CPG)

 

Value of an unrestored Comic in the new condition of your book - F/VF $39,600

 

Add the two prices together $2,160 + $39,600 = $41,760

 

Then divide that amount by 2 = $20,880

 

So theoretically it is worth $20,880 and you could probably expect to get half that amount more or less due to the restoration.

 

By this I mean that restored books take quite a hit with regards to selling price Vs unrestored books. These are the calculations as I know them so if anyone uses a different method, post it here thumbsup2.gif

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sfilosa

sfilosa

Posted
Posted

The real problem with that calculation is that:

 

ANYONE could go buy a Fair copy for $2-3K, spend another $1-2K fixing it and for a maximum cost of $5K, and sell it for $10-20K.

 

I'll quit my day job (and it's really good), if I could do that all day.

 

My best guess is that

 

1) To go from a Fair to a FN/VF, it must have had Extensive Restoration.

 

2) Therefore, a buyer would figure they could buy a low grade copy and have it restored.

 

3) So maybe $3-5K final sale price.

 

Just a guess.

 

 

 

 

 

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kryptonitecomics

kryptonitecomics

Posted
Posted

I would agree with your assessment that the book won't sell for $10,000, it's just a published calculation and as far as I know only the market can decide what it's worth.

 

 

Another thing I factored in was the book itself, which is a holy grail for most. My opinion is it would sell for higher than 3k-5k, just becuase of what it is...if.......it does grade out to a 7.0 and has some reasonable eye appeal.

 

 

I don't purchase restored books so you and others would be able to gauge actual sales points better than me.

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Doug014-migration

Doug014-migration

Posted
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Posted

My personal guess is that it would probably bring somewhere in the 7K range, but it's just a guess. I plan on sending it to CGC in the near future and their judgement on the extent of the restoration will probably have a significant effect on the value. When Matt did his evaluation of my book he classified the restoration as moderate. When I originally sent it to CGC before the resto, the grader I talked to said that the amount of work required to repair the book would probably be on the moderate/extensive borderline so I guess I'll just have to wait and see! confused-smiley-013.gif

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rjpb

rjpb

Posted
Posted

Very sharp! If it were mine I'd have a hard time parting with it. MF52 has long been the only DC GA super-key that I've coveted, but even a low grade copy would blow my comic budget for a couple of years.

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