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Does CL not reporting to GPA affect auction prices?

Started by trory140,

38 posts in this topic

trory140

trory140

Posted
Posted

I have not seen this topic before but im sure someone will find it and link it. I see a lot of really strong CL auction prices that I wish would be reported but are these prices strong because they are not reported. Do people overpay in part because its harder to discern when they got the book ad how much they paid for it?

 

I know the majority of the collecting community does not subscribe to GPA but it has saved me from some bad deals and helped me spot trends.

 

What does everyone think?

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Buzzetta

Buzzetta

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Posted

I think that you use the data from the sites that you shop with...

 

Do I care what data is collected from sales involving Comic Seller A?

No, because I do not shop with them.

 

I look at the sites and dealers that I shop at for sales as well as eBay completed sales to get an idea.

 

Then I am willing to have wiggle room based upon how long I have been looking for the book and how bad I want it.

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Bomber-Bob

Bomber-Bob

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I don't know. Maybe it's simply a matter of an improving economy. There seems to be a lot of new collectors. Look at how Moderns are heating up. I haven't seen this much action and speculation since the early 90's. CLINK is just a facilitator of the marketplace. I don't think anything they do affects the marketplace directly. It's just a strong market.

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Gotham Kid

Gotham Kid

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Posted
I see a lot of really strong CL auction prices that I wish would be reported but are these prices strong because they are not reported.

 

What does everyone think?

 

X-Men #1 CGC 9.4 and TOS 39 CGC 9.4 both sold for 90k. New GPA lows. Coin flips both ways..

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mintcollector

mintcollector

Posted
Posted
I see a lot of really strong CL auction prices that I wish would be reported but are these prices strong because they are not reported.

 

What does everyone think?

 

X-Men #1 CGC 9.4 and TOS 39 CGC 9.4 both sold for 90k. New GPA lows. Coin flips both ways..

 

Well said. Unfortunately, some still have the same mind set that these are 'blue chip keys' and can only go up in value. CL has gotten strong results as of late. I am sure neither seller would expect these two books to set new lows...even though CL does not report to GPA.

 

Come to think of it, most of the comic collecting world will never know as a result; unless they view direct CL auction results.

 

That being said, it always amazes me that when certain collectors view an item sell for under GPA or guide; and they call it 'undervalued.' It could very well be that the item in question was always overvalued and these items are now settling back into their newfound ranges.

 

On the other hand (and to be fair), it also could just be a fluke, as one auction does not define or make the market, one way or another...

 

'mint'

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Dale Roberts

Dale Roberts

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Prices are indeed strong for this CLINK auction. However, I don't think lack of GPA reporting has anything to do with it, not even remotely.

 

I would disagree completely....

 

I bid on comiclink auctions and don't ever bid on auctions that report to GPA. Why? Its simple really.....

 

If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

I would estimate on a given comiclink auction, I bid on 50 - 100 books. While I don't win them all (not even close usually), I do win some, and the ones I don't still get bumps in price.

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mintcollector

mintcollector

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Prices are indeed strong for this CLINK auction. However, I don't think lack of GPA reporting has anything to do with it, not even remotely.

 

I would disagree completely....

 

I bid on comiclink auctions and don't ever bid on auctions that report to GPA. Why? Its simple really.....

 

If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

I would estimate on a given comiclink auction, I bid on 50 - 100 books. While I don't win them all (not even close usually), I do win some, and the ones I don't still get bumps in price.

 

Dale, I see what you are saying. However, I would imagine that even non-anal 'ANALytical' types like myself would still go by complex averages. Therefore, (and I am only asking for other's opinions) wouldn't educated buyers know to also check sites like ComicLink that do not report to GPA to help determine a a fair price to pay? Personally, I go by a weighted average using a detailed formula I created. I assume (possibly incorrectly) that most collectors use their own weighted average by using GPA as a guide. Anyone who looks at GPA and blindly checks the last price a book sold for or even the 90-day average to determine a bid price is just asking for trouble in such a speculative market...

 

On the other hand, I am sure there are those that do just that, not really knowing if they are buying at the top or bottom of a major price correction or trend.

 

Just my opinion...

 

Respectfully,

 

'mint'

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ARWilson-migration

ARWilson-migration

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Posted
If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

This is the exact reason Doug Schmell gave for manipulating the results he reported to GPA, and it's the reason Clink won't report to GPA. Josh only wants to report the good sales. Lucklily George won't let either of them do that :sumo:

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Badger

Badger

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I think that you use the data from the sites that you shop with...

 

Do I care what data is collected from sales involving Comic Seller A?

No, because I do not shop with them.

 

I look at the sites and dealers that I shop at for sales as well as eBay completed sales to get an idea.

 

Then I am willing to have wiggle room based upon how long I have been looking for the book and how bad I want it.

 

THIS :wishluck:

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mrmyst

mrmyst

Posted
Posted
If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

This is the exact reason Doug Schmell gave for manipulating the results he reported to GPA, and it's the reason Clink won't report to GPA. Josh only wants to report the good sales. Lucklily George won't let either of them do that :sumo:

hm
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Badger

Badger

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I don't know. Maybe it's simply a matter of an improving economy. There seems to be a lot of new collectors. Look at how Moderns are heating up. I haven't seen this much action and speculation since the early 90's. CLINK is just a facilitator of the marketplace. I don't think anything they do affects the marketplace directly. It's just a strong market.

 

I do not think the economy is improving, at least not overall. Comics always do well in terms of economic downturn as people look for alternative investments. When gold starts trending down, get out of your investment comics.

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batman_fan

batman_fan

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If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

This is the exact reason Doug Schmell gave for manipulating the results he reported to GPA, and it's the reason Clink won't report to GPA. Josh only wants to report the good sales. Lucklily George won't let either of them do that :sumo:

 

I actually thought George let Doug report his results to GPA until Doug came on the boards and talked about how he manipulated what he reported. It was never clear if George pulled all the sales numbers he had from Pedigree or not.

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ARWilson-migration

ARWilson-migration

Posted
Posted
If I buy a book from Heritage or Ebay for under GPA, that price is reflected in GPA, and in effect becomes the newest price example. If I buy a book on comiclink, the price is not reflected in GPA and hopefully I can still make some money on it.

 

This is the exact reason Doug Schmell gave for manipulating the results he reported to GPA, and it's the reason Clink won't report to GPA. Josh only wants to report the good sales. Lucklily George won't let either of them do that :sumo:

 

I actually thought George let Doug report his results to GPA until Doug came on the boards and talked about how he manipulated what he reported. It was never clear if George pulled all the sales numbers he had from Pedigree or not.

 

You are correct. Doug would probably still be reporting to GPA if he hadn't opened his mouth. I didn't mean to make it sound like Doug asked George if he could start reporting to GPA and George said "no", Doug was already reporting to GPA before the admission, and then George heard about it...

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