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King of Bronze? 9.8 White Green Lantern 76 in Heritage November Auction

Started by Detroit MIke,

145 posts in this topic

tth2

tth2

Posted
Posted
No, I haven't ever sold anything on Heritage but I have bought a couple of books. But actually in this case I think it would be safer to speculate that the seller didn't get a break on commissions and paid the regular rate (my supposition) rather than the post that I was replying to that Heritage would waive their fees on this book. I was speculating, yes, but I was simply countering other speculation with my more conservative assumption.

This is a high profile book, even for Heritage, and could go for over $40K. Unless the consignor is totally clueless, Heritage will negotiate, the only question is how much.

 

Heck, even if the consignor IS totally clueless, for a book this nice Heritage will usually offer to knock the seller`s commission down to 7.5% without even being asked. lol

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paperheart

paperheart

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This is a $30K book. But Heritage might be able to hype it to $40K.

 

But you would think that the seller could realize a higher profit on any other site BUT Heritage. Clink would take 10% and has a 3% buyer's premium, for example and I want to say that Comicconnect is 10% sellers premium and no buyer's premium, while Heritage has 20% for BOTH buyers and sellers. Thus if the book sells for $48K on Heritage the seller will actually take home only $32K (all Heritage sales prices have the buyers fee calculated into them), while a $40K sale on Clink or CC will actually net the seller more money.

 

there's no chance the seller is paying Heritage 20% on that book. no chance. i'd be surprised to find out that he wasn't able to negotiate the sellers premium to zippo.

 

OK, but you are still looking at buyers taking a 20% hit even if the seller premium is zip. And why would Heritage throw away the commission on a (to them) inexpensive book. When you sell million dollar items a $40K book is chump change.

 

and using that logic, why would they even have comic book auctions but for 2 or 3 books a year?

 

Um, to make money maybe? Auction houses must sell things and get commissions by doing so to make money. They sell lots of comics to pay the bills. And giving a seller commission of zero on $40K books isn't going to help them make their bottom line. The seller may have negotiated a lower commission, but I would doubt that they got zero. Heritage would give the seller of something like the 8.0 Detective #27 low or no commissions because the publicity that that sale generated outside the small group of dedicated comic buffs more than paid off. Heritage won't get that kind of headline-generating publicity outside the hobby with this book.

First, let me say that I wouldn't sell this on Heritage either.

 

However, having said that, have you actually ever sold anything on Heritage or negotiated seller's commission/buyer's premium with them? If not, then stop speculating because most of what you're saying is not factually supported.

 

hm- an avowed Heritage junkie posting this? i'm curious- don't expect an answer- but where would you list it? it's DC, so pedigree is out. ebay lol. that leaves clink or CC?? i guess clink is king of the bronze.

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Foolkiller

Foolkiller

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I think this book will sell for north of $40k, possibly $45k, as there may be additional players now that a 9.8 has finally surfaced on this book.

 

Frankly, at $25 or $30k I'd take a run at this book... I think it's that special. On the other hand, I expect it will rise well above that.

 

I think Heritage will do fine with it, though I suspect Comiclink or Comic Connect may be slightly better venues for this book.

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Bronty

Bronty

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I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

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tth2

tth2

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Posted
hm- an avowed Heritage junkie posting this? i'm curious- don't expect an answer- but where would you list it? it's DC, so pedigree is out. ebay lol. that leaves clink or CC?? i guess clink is king of the bronze.

Well, I did sell some DC SA/BA war books on Comiclink recently, and did talk to Josh about selling my GL 1 before opting to stick with Heritage.

 

Most of my sales have been on Heritage so far, but that's because I thought it was the best venue for the kinds of books I was selling. It doesn't mean I think it'd be the best venue for every kind of book.

 

For BA books (Marvel or DC), I would say Comiclink has the edge, followed by Pedigree. I wouldn't have thought Comicconnect would be in the picture, since I don't normally think of Metro as the place to go for BA, but given that they're the ones who sold Joe's 9.6 copy at the record price and therefore clearly are followed by at least 2 bidders willing to pay that much for a GL 76, they have to be considered too.

 

So I would probably lean towards Comiclink for this book, with CC a close 2nd, followed by Pedigree.

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tth2

tth2

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

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wolverine23-migration

wolverine23-migration

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From HA:

Green Lantern #76 9.8, Detective Comics #27 7.0 On Display at Heritage New York

 

The only CGC 9.8 copy of Green Lantern #76 and an original-owner Detective Comics #27 are currently on display at the new Manhattan gallery and offices of Heritage Auction Galleries.

The offices on Park Avenue at 57th will be open Monday through Friday, 10:00 AM to 6:00 PM, Saturday from 10:00 AM to 3:00 PM.

 

We're excited to report that our first month in New York has brought a number of comic consignments for your future bidding pleasure, including:

 

A collection with Superman #1 and 2

Previously undiscovered 1950s Charlton covers by Steve Ditko

John Buscema original art

In addition, our New York specialist for Comics and Illustration art, Ed Jaster, has already purchased a number of collections outright, with immediate payment on the spot.

 

One of the most talked about features of Heritage's new Manhattan venue will be the Heritage Window on Park Avenue, which will feature a continually rotating selection from upcoming Heritage auctions, across all of the firm's categories.

 

Ed can be reached at 212-486-3500 or EdJ@HA.com.

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Bronty

Bronty

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I guess I see your POV.... but I kind of agree with the general tone of the board that it may underwhelm relative to the 9.6s though. Which is why I thought a fixed sale might work. I guess the only thing we can be sure of is that its a tricky book to value.

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Flash105

Flash105

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I agree, a fix price listing on this book has all the ingredients of making you look like a dolt. Either you list at price that ends up being too low and it gets flipped for a big profit or your price ends up being way high and the book starts to collect dust.

 

As long as you have a shill lined up, :baiting: things will turn out just fine.

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VintageComics

VintageComics

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I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I personally would be torn and would initially lean towards a fixed price on this book, at least to start, but that's just me.

 

Having just auctioned off a small handful of RIDICULOUSLY tough highest graded "key" bronze books (with no others on the census after 10 years) that didn't do so well has changed my mind.

 

Maybe because this book is such a high profile book it will do better.

 

We'll see.

 

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tth2

tth2

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I guess I see your POV.... but I kind of agree with the general tone of the board that it may underwhelm relative to the 9.6s though. Which is why I thought a fixed sale might work. I guess the only thing we can be sure of is that its a tricky book to value.

Opinions on these boards mean very little, since it seems the really nosebleed prices are never paid by members of these boards (at least they never admit to it). Did anyone came close to predicting $30K for the first 9.6 auction?

 

It's a whole different ballgame when it's a 9.8, particularly the first 9.8 for a book that was supposedly notoriously tough in ultra-high grade. My guess is it's more likely to surprise to the upside than the downside.

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tth2

tth2

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I personally would be torn and would initially lean towards a fixed price on this book, at least to start, but that's just me.

I think the absolute worst thing you could do is list it at too high a fixed price and have the book gather dust, before turning to an auction. The mystique of the book would be absolutely destroyed by the time it got to auction.

 

Conversely, list it at a price that causes it to fly off the shelf and you'll be second-guessing yourself whether you could've gotten a higher price. Particularly if it gets flipped immediately for a higher price! lol

 

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mysterio

mysterio

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I personally would be torn and would initially lean towards a fixed price on this book, at least to start, but that's just me.

I think the absolute worst thing you could do is list it at too high a fixed price and have the book gather dust, before turning to an auction. The mystique of the book would be absolutely destroyed by the time it got to auction.

 

Conversely, list it at a price that causes it to fly off the shelf and you'll be second-guessing yourself whether you could've gotten a higher price. Particularly if it gets flipped immediately for a higher price! lol

 

I think that listing the book on a site like Comiclink that allows offers on fixed price books would be a good venue to start. You can always ask some crazy price for a book, and a buyer can bid as little as 50% of your asking price. That allows for wiggle room on price without the seller necessarily feeling like they gave the book away. Price it at maybe 50% higher than the most recent 9.6 sale for starters. If a buyer wants to jump on the high BIN price then so be it. The seller gets to walk away with a pile of cash.

 

As for the mystique of the book, it is the sole 9.8. No dust is going to gather on it unless another pops up in the near future. And that is all the more reason for the seller to strike while they have a monopoly. Supply can only go up (unless, of course, the buyer resubs the book and gets a downgrade). If someone wants to pay mid-5 figures to try to flip this book for a profit they have more guts than I do.

 

I too think that the book could underwhelm compared to the 9.6 sales, which is why I think that a fixed price might work. If you have one buyer willing to pay a nosebleed price a fixed price will get the highest number, whereas only one really enthusiastic buyer in an auction will get you a low price. We've seen it happen on a lot of books lately.

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Flash105

Flash105

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Posted
I agreed simply from the POV that letting it go at heritage means you are auctioning it off. This is a book better served by a private treaty sale IMO. So... comic link, comic connect... wherever it could be listed at a high fixed price.

No way I would go with fixed price for this book. The estimates are all over the board, and it could easily surprise way to the upside. Auction is the only way to go, in my opinion.

 

I personally would be torn and would initially lean towards a fixed price on this book, at least to start, but that's just me.

I think the absolute worst thing you could do is list it at too high a fixed price and have the book gather dust, before turning to an auction. The mystique of the book would be absolutely destroyed by the time it got to auction.

 

Conversely, list it at a price that causes it to fly off the shelf and you'll be second-guessing yourself whether you could've gotten a higher price. Particularly if it gets flipped immediately for a higher price! lol

 

Is there an echo in the house.

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