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Did you hear about the big Heritage auction?

Started by comicdonna,

76 posts in this topic

Transplant

Transplant

Posted
Posted
Must not have been able to reach a deal with Brulato. That's a lot of volume to dump on the market at once.

 

I wonder what percentage of the "stupid money" price he paid will he be recovering on this "investment."

I'll bet he takes an beating unlike anything the hobby has seen before. hm

 

Lots of these didn't necessarily start out in this grade.

 

Whether it's at Pedigree or Heritage, I'll pass on buying books from him.

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sacentaur

sacentaur

Posted
Posted
Must not have been able to reach a deal with Brulato. That's a lot of volume to dump on the market at once.

 

I wonder what percentage of the "stupid money" price he paid will he be recovering on this "investment."

I'll bet he takes an beating unlike anything the hobby has seen before. hm

 

Lots of these didn't necessarily start out in this grade.

 

Whether it's at Pedigree or Heritage, I'll pass on buying books from him.

 

+1 :golfclap:

 

 

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Gotham Kid

Gotham Kid

Posted
Posted

Whether it's at Pedigree or Heritage, I'll pass on buying books from him.

 

Respecting your standpoint, still ... the Thor 126 9.8 would look good in my collection. But I'll stay away from the feeding frenzy :(

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burntboy

burntboy

Posted
Posted
Must not have been able to reach a deal with Brulato. That's a lot of volume to dump on the market at once.

 

I wonder what percentage of the "stupid money" price he paid will he be recovering on this "investment."

I'll bet he takes an beating unlike anything the hobby has seen before. hm

 

 

My personal take is that it's the other way around.

 

I wouldn't doubt that Doug may have paid "Stupid Money" for quite a few of these books back in the day. I've heard stories from some dealers that Doug used to hound them to death over books he just "had to have". HOWEVER, that was a long time ago and prices have just skyrocketed since many/most of these were purchsed.

 

I got to see many of these books in person at Doug's Condo and Storage facility in Fort Lee and that was back in 2003. In the last 9 years books like FF1, X-Men1, Avengers1, Daredevil 1, Tos 39, Jim 83, in these grades have gone through the roof. And I'd guess that a large percentage of these books were purchased prior to 2000.

 

Personally, I think it's sad that such an amazing collection is on the block, but the potential proceeds from this are very hard to ignore. I wish him the best of luck, but don't think he's going to need any.

 

IMHO, whatever he gets for this collection will dwarf the cost to accumulate it. Just those six books mentioned above will possibly generate in excess of $2 million. The Billy Wright collection will be easily surpassed... :o

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jimjum12

jimjum12

Posted
Posted
Must not have been able to reach a deal with Brulato. That's a lot of volume to dump on the market at once.

 

I wonder what percentage of the "stupid money" price he paid will he be recovering on this "investment."

I'll bet he takes an beating unlike anything the hobby has seen before. hm

 

 

My personal take is that it's the other way around.

 

I wouldn't doubt that Doug may have paid "Stupid Money" for quite a few of these books back in the day. I've heard stories from some dealers that Doug used to hound them to death over books he just "had to have". HOWEVER, that was a long time ago and prices have just skyrocketed since many/most of these were purchsed.

 

I got to see many of these books in person at Doug's Condo and Storage facility in Fort Lee and that was back in 2003. In the last 9 years books like FF1, X-Men1, Avengers1, Daredevil 1, Tos 39, Jim 83, in these grades have gone through the roof. And I'd guess that a large percentage of these books were purchased prior to 2000.

 

Personally, I think it's sad that such an amazing collection is on the block, but the potential proceeds from this are very hard to ignore. I wish him the best of luck, but don't think he's going to need any.

 

IMHO, whatever he gets for this collection will dwarf the cost to accumulate it. Just those six books mentioned above will possibly generate in excess of $2 million. The Billy Wright collection will be easily surpassed... :o

 

.....yes it will. Doug knows the market as well as anyone.....He's not going to let his books go at a bad time. There's a god awful lot of money out there sopping up that High Grade stuff. GOD BLESS....

 

-jimbo(a friend of jesus) (thumbs u

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Flash105

Flash105

Posted
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All I can say is wow. What a collection. It is has to be the best Marvel collection.

 

I guess since he picked Heritage he is admitting he can't do as well even with the commissions. His conflict of interest reason is flimsy at best. Hopefully he signed an agreement with Heritage that forbids them from using this against him in advertisements.

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Spiderphill

Spiderphill

Posted
Posted
All I can say is wow. What a collection. It is has to be the best Marvel collection.

 

I guess since he picked Heritage he is admitting he can't do as well even with the commissions. His conflict of interest reason is flimsy at best. Hopefully he signed an agreement with Heritage that forbids them from using this against him in advertisements.

He has such great morals, he deserves every penny he makes (thumbs u
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arexcrooke

arexcrooke

Posted
Posted
All I can say is wow. What a collection. It is has to be the best Marvel collection.

 

I guess since he picked Heritage he is admitting he can't do as well even with the commissions. His conflict of interest reason is flimsy at best. Hopefully he signed an agreement with Heritage that forbids them from using this against him in advertisements.

Using what against him?

Listen, it makes sense for him to go with Heritage. They have in excess of 100k members. He has, maybe 10%. Where can he get more for his collection? Answer, nowhere.

Heritage does the advertising, has the contacts, and puts out the huge and beautiful catalogs.

Also, it appears that Heritage is advertising this as the Doug Schmell/PedigreeComics.com collection.

So, Doug is getting advertising and will get business driven to his site.

Pretty smart if you ask me.

And I am no fan of his either.

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Monkeyman

Monkeyman

Posted
Posted
All I can say is wow. What a collection. It is has to be the best Marvel collection.

 

I guess since he picked Heritage he is admitting he can't do as well even with the commissions. His conflict of interest reason is flimsy at best. Hopefully he signed an agreement with Heritage that forbids them from using this against him in advertisements.

He has such great morals, he deserves every penny he makes (thumbs u

 

lol

 

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batman_fan

batman_fan

Posted
Posted
Doug has owned most of these books for years so I'm sure he is going to cash in big time. The FF run alone will/should eclipse whatever the Curator's recently sold for.

 

I have two questions

 

1. Will Doug report his profits to the IRS hm

2. Will Doug be shilling his own books in this auction hmhm

 

:insane:

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VintageComics

VintageComics

Posted
Posted
All I can say is wow. What a collection. It is has to be the best Marvel collection.

 

 

Well, there are no Spidey books (he sold those years ago) and tom Brulato owns the FF #1 in 9.6 and an ASM #1 in 9.8 as well as the Hulk #1 in 9.4

 

And Tom's collection is pretty deep and comparable if not better.

 

Still, this is no slouch of a collection obviously.

 

It's really going to be interesting to watch.

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brendanb438

brendanb438

Posted
Posted
Wow, after reading that thread about what this guy allegedly did at a convention recently, I'm glad that the comics I'm wanting to bid on from this auction weren't his ...

 

Link please to what he did.

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sacentaur

sacentaur

Posted
Posted
Wow, after reading that thread about what this guy allegedly did at a convention recently, I'm glad that the comics I'm wanting to bid on from this auction weren't his ...

 

Link please to what he did.

 

The gist IIRC was that a dealer was at his own booth negotiating with a customer when Schmell just walks up with a sales list and attempts to sell one of his books to the customer.

 

The dealer paid for his table, yet some schmuck who's just working the room strolls in like it's nothing, and then doesn't understand that he did anything wrong.

 

Just like when he was disbarred from his law practice, he still "didn't get it". I read the panel decision (it's available online), and it was pretty harsh.

 

Just a few examples of bad behavior, and some of us in the hobby can't in good conscience reward people like that. Hence, I personally won't even look at the catalog when it's published as I frankly could care less.

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