Anyone want to guess what this will sell for?

[kav]

Can you tell me what artwork dropped 50% in value as mentioned?

[batman_fan]

6 figures for sure. Not sure if 200K though, but it could. Wouldn't risk retirement on it.

 

The companion cover sold for $46k and change in 2014.

[Bronty]

There is no way that fabric would rip like that

 

Ehh. The 12 year old boys reading the comic wouldn't know. It makes for a good visual

[rob_react]

Can you tell me what artwork dropped 50% in value as mentioned?

 

Here's a discussion from the boards about just such a loss.

[kav]

That seems to be a deal where someone tried to flip some OA and took a haircut in the short term due to perhaps inflated prices as a result of a bidding war

99.999% of OA continues to climb in value consistently

[rob_react]

That seems to be a deal where someone tried to flip some OA and took a haircut in the short term due to perhaps inflated prices as a result of a bidding war

99.999% of OA continues to climb in value consistently

 

That's not really what's going on there. It's worth actually reading the thread if you're interested in comic art values since some of the people involved in the discussion (including the guy who lost money) are among the top people in the hobby. It's instructive because even some of the smartest people in the room can lose buckets of money in certain circumstances.

 

 

[kav]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

[rob_react]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

 

Again, it's worth reading the thread since it's not just the Sally Forth pages.

 

The ASM 300 cover in that same auction was a loss for the consignor.

[batman_fan]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

 

Again, it's worth reading the thread since it's not just the Sally Forth pages.

 

The ASM 300 cover in that same auction was a loss for the consignor.

 

Adams Green Lantern page that was auctioned in the recent Heritage auction. Colan silver age DD splash 8 years later lost 10% the purchase price.

[HighStakesComics]

So what is the Rubicon? $125k?

[kav]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

 

Again, it's worth reading the thread since it's not just the Sally Forth pages.

 

The ASM 300 cover in that same auction was a loss for the consignor.

 

Adams Green Lantern page that was auctioned in the recent Heritage auction. Colan silver age DD splash 8 years later lost 10% the purchase price.

I stand corrected

[rob_react]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

 

Again, it's worth reading the thread since it's not just the Sally Forth pages.

 

The ASM 300 cover in that same auction was a loss for the consignor.

 

Adams Green Lantern page that was auctioned in the recent Heritage auction. Colan silver age DD splash 8 years later lost 10% the purchase price.

 

Thinking about it, the "worst" examples can probably be found among the Barks paintings that sold for big money in the 1990s only to see significant declines when they resold in the 2000s and 2010s. I'm not an expert in that area but I know t least a few were purchased at very aggressive retail prices in the 1990s and lost money (five figures) when they hit the auction block in recent years. I'd have to research it, but my fuzzy memory tells me there are pieces that lost $50,000+

[kav]

Is it fair to say that generally OA is a solid investment and only rarely does it decline in value?

[batman_fan]

Well-any other examples besides a couple sally forth pages to solidify the claim that OA can and does often decrease in value?

 

Again, it's worth reading the thread since it's not just the Sally Forth pages.

 

The ASM 300 cover in that same auction was a loss for the consignor.

 

Adams Green Lantern page that was auctioned in the recent Heritage auction. Colan silver age DD splash 8 years later lost 10% the purchase price.

 

Thinking about it, the "worst" examples can probably be found among the Barks paintings that sold for big money in the 1990s only to see significant declines when they resold in the 2000s and 2010s. I'm not an expert in that area but I know t least a few were purchased at very aggressive retail prices in the 1990s and lost money (five figures) when they hit the auction block in recent years. I'd have to research it, but my fuzzy memory tells me there are pieces that lost $50,000+

 

There were some pretty brutal Barks items.

[rob_react]

Is it fair to say that generally OA is a solid investment and only rarely does it decline in value?

 

From the perspective of the wider financial world, OA is a wildly speculative investment. It's an illiquid, relatively small, and mostly opaque market that requires high levels of expert knowledge to navigate properly (and even then you can lose out.) The past few years have seen some incredible prices realized as large collections put together years ago have been liquidated, but that's no guarantee that those pieces will once again increase in value. they may decline precipitously. Look around at other collectible areas and you can see examples of once-hot markets cratering and seeing broad declines of 50% across entire classes of items. Even the acme of the "collectible" market, fine art, has seen decades long downturns. It took more than 15 years for the art world to properly recover from the overheated market in the late 1980s.

 

[rob_react]

And just to note, I'm an unabashed cheerleader for the hobby (both comics and original art.) I want people to pile money into comics and original art, I just like them to do so without betting the farm (thumbs u

[jimbo_707]

Can you tell me what artwork dropped 50% in value as mentioned?

That question misses the point. We all know that many collectible items have dropped 50% or more from one auction to the next. Original art has been getting hotter and hotter in recent years, but that doesn't guarantee that it will stay that way. The fact that board members in this thread are so divided as to the value of that cover would indicate that OA is a pretty volatile segment of the hobby. I don't think estimates would vary that widely for many comic books.

[kav]

I think if you stay with solid pieces like Kirby pages you're pretty safe

Betting that a key piece like hopgoblin will increase might be riskier but if I had to place a bet in Vegas I would bet that it would increase in value substantially in 8 years. I don't know much about fine art prices but I do know that Van Gogh pieces have consistently climbed in value without declining in value. Maybe something like a Keith Haring would fluctuate more

[jimjum12]

Is it fair to say that generally OA is a solid investment and only rarely does it decline in value?

 

..... this is a misconception, Kav. OA is VERY piece specific when value comes into the equation. Gene, who is one of the most astute people I have ever encountered, ran a thread in the last year or so about the sales of many of his better pieces, and how he actually LOST money on pieces he thought were excellent investments. It can be a very fickle market.....many big players, after acquiring a nice example by an artist, leave the table when the next similar piece surfaces. That being said, there do seem to be artists that still have room, price wise, to mature...... but one would need to proceed with caution. I usually agree with most of what Rob says.... but transparency is not a term I would use for the OA market.... there are a LOT of back room and penthouse deals going on behind the scenes. GOD BLESS...

 

-jimbo(a friend of jesus) (thumbs u

[jimbo_707]

.... but transparency is not a term I would use for the OA market.... there are a LOT of back room and penthouse deals going on behind the scenes.

 

Which, to me, means the small number of big-spenders in a particular OA niche could collude with one another quite easily, as in:

"Winston, old chap, if you agree not to bid on that delectable ASM 300 cover that's had my salivary glands in a tizzy, I'll refrain from bidding on the ASM 252 cover that for which you've been Jonesing."

"Why Cedric, my good man, I believe we have ourselves an understanding. Now, may I partake of your Grey Poupon?"