Why I'm not bidding on any items in the Heritage FEB Auction

[tabcom]

I for one look forward to seeing Mr. Tabcom, add more data as it becomes available,

 

B

(thumbs u

 

Seeing how this is a community of like minded hobbyist, if any other Billy Wright watchdogs sees resale activity, please post the results here.

 

And to restate, my intent is not to express anger of hostility towards Heritage -- I am a satisfied customer of theirs. My intent is to inform the prudent comic book collector to the premium you are going to pay by purchasing GA comic books from a high profile marketing machine auction house.

[Gatsby77]

Not sure if it's been mentioned by the Billy Wright copies of Adventure 55 and 56 are up on eBay as Buy-It-Nows of 33-40% more than their original sale price.

[tabcom]

(thumbs u

 

I'll add them to my watch list.

 

 

[tabcom]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

 

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

[tabcom]

 

I wanted to refresh my page 1 screen.

 

These are the issues I'm tracking.

 

[ComicConnoisseur]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

[roulette44]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

 

Post of the month!!

[sacentaur]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

 

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

 

Also from another thread...

 

So when do people think this latest pigeon will fly the coop? We had the Keller implosion, the Northern Lights collection. What would be an appropriate name for the collection of whoever is paying these crazy prices.

 

The Billy Wrong collection.

[nearmint]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

 

If the Action #36 is any indication, the consignor will do just fine.

[batman_fan]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

 

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

 

Also from another thread...

 

So when do people think this latest pigeon will fly the coop? We had the Keller implosion, the Northern Lights collection. What would be an appropriate name for the collection of whoever is paying these crazy prices.

 

The Billy Wrong collection.

 

[Silver Surfer]

Kudos to the RedFury for his work in another thread regarding this auction.

 

I would like to comment on the comic speculator and the really dollars put at risk by him.

 

4/20 books resubmitted for a grade bump equals a 20% probability.

 

FEB auction results:

 

16 books now relisted in MAY auction without pressing bump:

 

-Action 19 $11950

-Action 30 $3107

-Action 36 $5377

-Adventure 40 $59750

-Adventure 61 $4780

-All-American 19 $16730

-Batman 5 $9560

-Detective 17 $7767

-Detective 18 $20315

-Detective 30 $19120

-Detective 34 $19120

-Detective 41 $4481

-Marvel Mystery 12 $1912

-More Fun 55 $11950

-More Fun 61 $5975

-Planet 1 $7170

 

The remaining 4 books did receive a grade bump.

-Detective 28 (8.0 to 8.5) $44812

-Detective 29 (7.0 to 7.5) $83650

-Detective 40 (9.0 to 9.2) $15535

-More Fun 33 (6.5 to 7.0) $1135

 

$354,196 to Heritage in FEB auction.

 

Here is what is at risk for the speculator trying to sell:

 

Assuming Heritage takes 19.5%, that is $69,068.

Even if Heritage cuts a deal as low as 10%, that is still $35,420

 

At 10%, the speculator is going to need a sale of $389,615 to approach breaking even.

 

If someone would like to comment on estimated pressing\resubmitting fees, shipping\insurance cost-- that can be added to the total expense.

 

In addition to state sales tax if necessary.

 

Also from another thread...

 

So when do people think this latest pigeon will fly the coop? We had the Keller implosion, the Northern Lights collection. What would be an appropriate name for the collection of whoever is paying these crazy prices.

 

The Billy Wrong collection.

 

The price is wrong blitch!

[tabcom]

If the Action #36 is any indication, the consignor will do just fine.

 

1 data point of 20. A truer picture will be drawn soon.

[lou_fine]

If the Action #36 is any indication, the consignor will do just fine.

 

I simply don't understand the bidding on the BW Action #36!

 

If it was me, I would much rather take the BW Action #35 which is a first time offering at a higher grade, for a fraction of the price. And to top it off, a nice little WWII cover to boot. (thumbs u

[sacentaur]

I simply don't understand the bidding on the BW Action #36!

 

You and me both, lou.

 

Just once, it would be so interesting to have a known entity come forward and say, "I paid 10x FMV for this book because I really wanted it and I am pleased as punch to be the new owner!"

 

Congratulations abound, snickers remain unrevealed out of courtesy.

 

Fast forward two months later, "I've overspent a bit and am offering the book at exactly what I paid for it - 10x FMV. First "I'll take it" in the thread rules."

 

"What a great book!" and "GLWTS", etc. posts flood the sales thread.

 

I think we can fill in the rest of the story...

[tabcom]

When I put pencil to paper, here is how I figure it . . .

 

1. grade manipulation

2. bid manipulation

3. 3rd party grading system adding new features.

4. high profile dealer\collector liquidating collections

 

All of which are reminiscent of when I was in the housing market as a buyer back in 2006 -- when I purchased my house at 26% discount off the previously frothy levels. 5.5 years later the value has rebound only 10% from the bubble days.

 

Anyway, by the end of this year, I hope to sell off 70% of my high value collection as well.

[stagedoorjohnny]

Anyway, by the end of this year, I hope to sell off 70% of my high value collection as well.

 

 

Man, I don't know. This current marketplace is making me consider throwing a couple books up for sale as well, listed at crazy prices. It doesn't cost anything to go fishing, right?

[tabcom]

being at the top makes me feel tipsy.

[Doohickamabob]

being at the top makes me feel tipsy.

being at the tip makes me feel topsy.

[the420kid]

this is a great thread. thank you tabcom for sharing your insight. some of us find it invaluable.

 

cheers.

[tabcom]

[font:Arial Black]Speculator's roll of dice comes up CRAPs!!![/font]

 

$354,196 Paid in FEB auction. (See previous post)

$282,056 (after 20% BP) Sales in MAY auction.

 

$72,142 LOSS

Is there a state sales tax required for sales thru Heritage?