comic connect auction thoughts

[Straw-Man]

it took a whole lotta biddin' to get my one single book.

 

 

How much did that un go for?

 

1600 sumpin'.

[Jaydogrules]

I did want to talk for a moment about the WW1 7.5.

 

I certainly understand it was a good looking book, and I am not trying to make any comment about the quality or even the price value of the book.

 

But, IMO, buying a book - for a 9.0 price - when the book looks like a 9.0, but is graded a 7.5, seems VERY risky, especially when it looks like a 9.0 only in Internet photos.

 

(I've certainly received books in the mail, after winning in auction, that looked in pictures much higher than the grade, only to realize, with book in hand, that the flaws are more evident and the book now appears just as graded. I paid prices in line with GPA for the assigned grade, BTW.)

 

I'm not sure how anyone justifies paying 9.0 prices for a 7.5 book, based on seeing pictures that suggest the book might be a 9.0....

 

... I know many of you do it - you're braver (and more of a gambler) than I am...

 

... or perhaps the reality is that WW1 is on the rise, much like AS8 jumped last year...

 

I viewed this book less as a 7.5 and more as the Denver copy. Warranted a premium IMO

 

Rick,

 

I have no issue with a premium for a book, and I'm happy to pay 10%, maybe on-rare-occassion 20% more for a book that looks good (that I want, of course) ...

 

... but paying not that far from 2X your own estimate of FMV for the book (not that far from 2 x $25K) seems like more than a premium to me...

 

Although I'll openly admit to my personal investment in this outcome, I can't help but feel this a statement of both a good looking copy, and a rise in value for WW1...

 

WW1 is still undervalued, no doubt. Clink recently sold a 7.5 for 25k I believe

 

This book likely won't be in higher holder... I believe its cgc potential has been maximized. That said , buy the book, not the grade.

 

I vaguely remember a WW1 with that store date stamp on it selling for 17k? It was a 7.5. It was about 4-5 months ago. I didn't bid for the sole purpose of that store stamp.

 

There was a 7.5 sold on comic link, then pressed and re graded to an 8 and re sold on comic link again a month or so later for about $5k more I believe. The 8.0 version of that book sold just a few months ago for about 23k. The book is hot but not that hot IMO.

 

-J.

[Primetime]

I remember buying a copy of MMC9 from metro...it was a cgc 1.8 and it cost me 5800 (in 2007) and I was only too happy to pay that to get a copy!

 

and roy remembers when 5.0's were an "easy" sell at 25K....

 

I think I got my 6.0 Larson for less than that a few years ago via heritage, and then sold for basically my cost, because the book had stagnated at the time (like most low/mid grade MMC)... maybe they are trying to make a comeback

I remember the 1.8 metro copy. It had a small piece out of lower left FC spine area. You sold it to Parker I believe, then he upgraded to the 3.0, which I swapped my Tec 33 for straight across.

[Straw-Man]

I remember buying a copy of MMC9 from metro...it was a cgc 1.8 and it cost me 5800 (in 2007) and I was only too happy to pay that to get a copy!

 

and roy remembers when 5.0's were an "easy" sell at 25K....

 

I think I got my 6.0 Larson for less than that a few years ago via heritage, and then sold for basically my cost, because the book had stagnated at the time (like most low/mid grade MMC)... maybe they are trying to make a comeback

I remember the 1.8 metro copy. It had a small piece out of lower left FC spine area. You sold it to Parker I believe, then he upgraded to the 3.0, which I swapped my Tec 33 for straight across.

 

no sir, parker still has the 1.8---it replaced the book i sent to you.

[nearmint]

Wonder Woman #7 CGC 6.0 is already at $3525 with 7 hours to go. Strong price considering an 8.0 sold for $3800 in January. I wonder what it will end at?

[cheetah]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

[Sqeggs]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

 

Possibly an underestimate!

[Boba]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

[nearmint]

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Minute one is for exasperation, "hell no, I'm not bidding again!"

 

Minute two is the grieving process. "Damn it! Damn it! Damn it!"

 

Minute three is the recovery, "hell no, no one outbids ME!"

[bluechip]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Time for people to get emails or even phone calls. A delay of that length is common with auction houses selling big ticket items. And perhaps that is the key phrase "big ticket." If an item is selling for five figures then perhaps people need more time than somebody who is trying to snipe a 20 dollar book

 

[bluechip]

Anyone know what the Action #23 went for? Any happy board members?

 

Went for $9800

 

Acton #7 CGC 1.0 went for a whopping $32K - not sure yet if someone paid a premium because it was a Siegel file copy.

 

I was underbidder on both

 

I stopped at 31667 on the action 7 and 9677 on the action 23...looks like live increment bids beat me on both

 

So much for Action #7 being $20-25K a point.

 

It's all your fault!

I did place small premium on it being a provenance copy ...but yes, I suspect folks are obviously paying 30K a point these days

I thought the panel clipping would not take it that high.

 

I think the clipping and condition are far outweighed by the provenance. And the way it was clipped makes a fascinating story. This wasn't due to some kid clipping a coupon it was the creator of Superman clipping it to make the case that he was ripped off by DC in the creation of their entire Superhero line.

 

yep...and that is why I suspended my 20-25K generic 1.0 value and added almost 35-50% premium to my bid...and still lost

 

With premiums commonly at 3X guide for collector pedigrees compared to similar graded books, the premium paid by this buyer leaves a lot of room for the market to catch up and say that some copies owned by the creators should be valued at least as much as a copy once owned by a known collector. Understand why people go for values like that, since it harkens to the days when they were collecting as kids and they like to imagine what it would have been like if they;d been born decades earlier and they were the guy who trundled down the five and dime and picked up comics each week, then put them in a cedar closet for 50 years. I get that. Just don't think in the long run that historic or copies owned by famous creators (or even famous people) will lag behind that.

 

 

[bluechip]

Well the MMC#9 is now pushing $3k with 5 hours left. Might have to divert to another book.

 

I'm having a hard time justifying how this copy of MMC #9 is worth over $1,000 more than the price it was bought for last April...(

 

I understand key Captain America's rising this year, but I'm not sure on this key Timely.

 

Was the book's sale at $3,100.00 last April a super good deal?

 

Either way, I doubt the winner can sell it next year for $6,000.00 for a similar profit.

 

MM9 is a great book and historic -- first team up, etc. But each time I've had it someone offered more than I would pay at the time, so let it go. Still have just an incomplete coverless but it's a great read.

 

Torch as a beloved film character may have to wait until Marvel gets the FF back, as I am not sure about the "coming of age" story with the new FF film.

 

But Sub-Mariner. Marvel's true first character and one that should've been a movie star decades ago? When he hits the screen it will be big, if they do it right.

 

[Boba]

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Minute one is for exasperation, "hell no, I'm not bidding again!"

 

Minute two is the grieving process. "Damn it! Damn it! Damn it!"

 

Minute three is the recovery, "hell no, no one outbids ME!"

 

 

I had a bout of that last minute impulse, albeit unsuccessful

[goldust40]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Time for people to get emails or even phone calls. A delay of that length is common with auction houses selling big ticket items. And perhaps that is the key phrase "big ticket." If an item is selling for five figures then perhaps people need more time than somebody who is trying to snipe a 20 dollar book

 

The three minute extended bidding feature favours the consignor, but is constraining for the auction house - if CC ever want to increase the amount of lots in their auctions, it would either extend the amount of time for each day of the auction or add to the amount of days involved (five, as opposed to Clink and Heritage's three), which might be excessive.

[Gotham Kid]

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Minute one is for exasperation, "hell no, I'm not bidding again!"

 

Minute two is the grieving process. "Damn it! Damn it! Damn it!"

 

Minute three is the recovery, "hell no, no one outbids ME!"

 

Awesome !!

[G.A.tor]

Wonder Woman #7 CGC 6.0 is already at $3525 with 7 hours to go. Strong price considering an 8.0 sold for $3800 in January. I wonder what it will end at?

I've got a nice 5.5. Time to reprice!

[G.A.tor]

Anyone know what the Action #23 went for? Any happy board members?

 

Went for $9800

 

Acton #7 CGC 1.0 went for a whopping $32K - not sure yet if someone paid a premium because it was a Siegel file copy.

 

I was underbidder on both

 

I stopped at 31667 on the action 7 and 9677 on the action 23...looks like live increment bids beat me on both

 

So much for Action #7 being $20-25K a point.

 

It's all your fault!

I did place small premium on it being a provenance copy ...but yes, I suspect folks are obviously paying 30K a point these days

I thought the panel clipping would not take it that high.

 

I think the clipping and condition are far outweighed by the provenance. And the way it was clipped makes a fascinating story. This wasn't due to some kid clipping a coupon it was the creator of Superman clipping it to make the case that he was ripped off by DC in the creation of their entire Superhero line.

 

yep...and that is why I suspended my 20-25K generic 1.0 value and added almost 35-50% premium to my bid...and still lost

 

With premiums commonly at 3X guide for collector pedigrees compared to similar graded books, the premium paid by this buyer leaves a lot of room for the market to catch up and say that some copies owned by the creators should be valued at least as much as a copy once owned by a known collector. Understand why people go for values like that, since it harkens to the days when they were collecting as kids and they like to imagine what it would have been like if they;d been born decades earlier and they were the guy who trundled down the five and dime and picked up comics each week, then put them in a cedar closet for 50 years. I get that. Just don't think in the long run that historic or copies owned by famous creators (or even famous people) will lag behind that.

 

I've added 50% premium to lower grade provenance books but I can't recall a single one in recent memory that went 300%

[Boba]

Wonder Woman #7 CGC 6.0 is already at $3525 with 7 hours to go. Strong price considering an 8.0 sold for $3800 in January. I wonder what it will end at?

I've got a nice 5.5. Time to reprice!

[adamstrange]

I had to finish up after midnight but I bit the bullet and bid on the Mile High Rangers. For the most part, the prices weren't too out of line with what I would have expected. Some got a bit stretched by the end though. The Heritage approach to internet bidding is 1 gazillion times better than waiting and waiting and waiting for some numbnut who likes to up the price with 1 second remaining. I guess they hope I will fall asleep before the next bid.

Why do they think anyone needs 3 minutes to respond to being outbid? It's like a 10 second thing.

 

Time for people to get emails or even phone calls. A delay of that length is common with auction houses selling big ticket items. And perhaps that is the key phrase "big ticket." If an item is selling for five figures then perhaps people need more time than somebody who is trying to snipe a 20 dollar book

 

The three minute extended bidding feature favours the consignor, but is constraining for the auction house - if CC ever want to increase the amount of lots in their auctions, it would either extend the amount of time for each day of the auction or add to the amount of days involved (five, as opposed to Clink and Heritage's three), which might be excessive.

 

It probably favors the consignor. I have seen several Boardies post about missing out on the sale because the auction took so long they gave up or they forgot to bid on one lot because they were concentrating on another. I have had similar challenges.

[G.A.tor]

Wonder Woman #7 CGC 6.0 is already at $3525 with 7 hours to go. Strong price considering an 8.0 sold for $3800 in January. I wonder what it will end at?

I've got a nice 5.5. Time to reprice!