batman_fan Posted February 26, 2017 Share Posted February 26, 2017 1 hour ago, jimjum12 said: Invest in stocks and property, collect comics, enjoy your life...... problem solved. GOD BLESS... -jimbo(a friend of jesus) Read it, learn it, live it Link to comment Share on other sites More sharing options...
Sqeggs Posted February 26, 2017 Share Posted February 26, 2017 8 minutes ago, batman_fan said: 1 hour ago, jimjum12 said: Invest in stocks and property, collect comics, enjoy your life...... problem solved. GOD BLESS... -jimbo(a friend of jesus) Read it, learn it, live it Eat it! Link to comment Share on other sites More sharing options...
Johnny545 Posted February 26, 2017 Share Posted February 26, 2017 7 hours ago, jimbo_7071 said: I agree with Mitch that a downturn is on the way, but I don't think it will be that bad for mainstream GA titles and classic covers. I do think mid-to-late SA and BA will get hammered. CGC changed comics by giving the perception comics are an investable asset (you can argue whether that's smart or not, but the perception is there and growing). The impact of this change in perception is still in its infancy in my opinion. I don't know if a downturn is coming, but this perception could be shattered if there is a downturn of any significance. Every asset has its ups and downs sometimes violently. Interestingly, constant chatter of a crash and related paranoia ends up acting as a buffer to the downturn - when people think they can't lose with every purchase we are in trouble, when people start taking loans to buy comics we are in trouble when people stop investing in 401ks and instead buy comics for retirement we are in trouble. Maybe that's all happening now and I'm unaware. I think much of the price run up in recent years is - increased interest (movies etc.), new collectors, collectors coming back (I'm one) the extension of time payments by auction houses without interest and the greater liquidity of books post cgc (lots of ways to sell and easier than ever). Anyway, if a downturn comes I don't think anyone will disagree that the books that are widely available (SA/BA) especially lower tier copies will get hit the hardest. These books can all be replaced with no effort at all (little emotional attachment) so they will go first at fire sale prices in a downturn. Another scenario is that you just see things stabilize/ flatten out when the comic world fully adjusts to what cgc means to the economics of the comic market. jimbo_7071 1 Link to comment Share on other sites More sharing options...
DanCooper Posted February 26, 2017 Share Posted February 26, 2017 The core of Jon's collection would do extremely well at auction regardless of timing, market or economic conditions. Fellow collectors wait lifetimes for the chance to acquire prime items when a collection of high stature, like Jon's, comes to market. Link to comment Share on other sites More sharing options...
jimbo_7071 Posted February 26, 2017 Share Posted February 26, 2017 22 minutes ago, Johnny545 said: [W]hen people start taking loans to buy comics we are in trouble when people stop investing in 401ks and instead buy comics for retirement we are in trouble. Maybe that's all happening now and I'm unaware. I stopped investing in my 401K a few years ago in order to pay down the credit cards I had run up with comic book purchases after returning to the hobby with a little too much zeal, but that's because I'm sort of addicted, not because I've ever thought comic books in general were a good investment (although I never doubted that the mega-keys were relatively safe). Link to comment Share on other sites More sharing options...
jimjum12 Posted February 26, 2017 Share Posted February 26, 2017 (edited) 12 minutes ago, jimbo_7071 said: I stopped investing in my 401K a few years ago in order to pay down the credit cards I had run up with comic book purchases after returning to the hobby with a little too much zeal, but that's because I'm sort of addicted, not because I've ever thought comic books in general were a good investment (although I never doubted that the mega-keys were relatively safe). People often use investment as a justification to overindulge in a hobby...... and sometimes it works, but not always. I know I've used all sorts of excuses to divert attention from my comic book tunnel vision..... but I'd say if someone stuck to books with proven track records and invested, say, $ 5 (for every $ 1 spent on comics) on something more orthodox, a person might do OK over time. GOD BLESS... -jimbo(a friend of jesus) Edited February 26, 2017 by jimjum12 1950's war comics 1 Link to comment Share on other sites More sharing options...
Sqeggs Posted February 26, 2017 Share Posted February 26, 2017 1 minute ago, jimjum12 said: 12 minutes ago, jimbo_7071 said: I stopped investing in my 401K a few years ago in order to pay down the credit cards I had run up with comic book purchases after returning to the hobby with a little too much zeal, but that's because I'm sort of addicted, not because I've ever thought comic books in general were a good investment (although I never doubted that the mega-keys were relatively safe). People often use investment as a justification to overindulge in a hobby...... and sometimes it works, but not always. I know I've used all sorts of excuses to divert attention from my comic book tunnel vision..... but I'd say if someone stuck to books with proven track records and invested, say, $ 5 (for every $ 1 spent on comics) on something more orthodox, a person might do OK over time. GOD BLESS... -jimbo(a friend of jesus) Edited just now by jimjum12 You are wise beyond your tender years. Link to comment Share on other sites More sharing options...
jimjum12 Posted February 26, 2017 Share Posted February 26, 2017 28 minutes ago, Sqeggs said: You are wise beyond your tender years. I don't know about "wise", brother...... I'm just able to remember all the stuff I did that was stupid. GOD BLESS... -jimbo(a friend of jesus) 1950's war comics 1 Link to comment Share on other sites More sharing options...
G.A.tor Posted February 26, 2017 Share Posted February 26, 2017 I consider new comics to be "entertainment " and look at the expenditure purely as part of my disposable ent budget. Any vintage comic I purchase comes so at a real world opportunity expense, and that purchase must be treated as such Link to comment Share on other sites More sharing options...
jimjum12 Posted February 26, 2017 Share Posted February 26, 2017 2 minutes ago, G.A.tor said: I consider new comics to be "entertainment " and look at the expenditure purely as part of my disposable ent budget. Any vintage comic I purchase comes so at a real world opportunity expense, and that purchase must be treated as such I'm happy if they are simply assets that retain value...... I know I've never managed to wake up after a night of drinking and billiards with anything to show for it..... unless we're counting the ex-wife. GOD BLESS... -jimbo(a friend of jesus) 1950's war comics 1 Link to comment Share on other sites More sharing options...
batman_fan Posted February 26, 2017 Share Posted February 26, 2017 All I know is I hope I am able to pick up something from Jon's collection. I like that they are being auctioned on CC versus CLINK since the CC bidding allows more time to consider just how high you are willing to go. Time to start cutting back on my spending to try and build up some funds. Anyone know if Jon had a lot of GA Batman's? Link to comment Share on other sites More sharing options...
Ricksneatstuff Posted February 26, 2017 Share Posted February 26, 2017 I think I'm gonna keep it simple and just focus on one book All I plan on getting is the Fantastic 3 Link to comment Share on other sites More sharing options...
G.A.tor Posted February 26, 2017 Share Posted February 26, 2017 (edited) My issue is that when the centaurs hit, Jon had a lot of pedigrees. Copies I'd love to upgrade will be costly ! Edited February 26, 2017 by G.A.tor Link to comment Share on other sites More sharing options...
jimjum12 Posted February 26, 2017 Share Posted February 26, 2017 6 minutes ago, batman_fan said: All I know is I hope I am able to pick up something from Jon's collection. I like that they are being auctioned on CC versus CLINK since the CC bidding allows more time to consider just how high you are willing to go. Time to start cutting back on my spending to try and build up some funds. Anyone know if Jon had a lot of GA Batman's? You should contact CC and see if they could shed some light.... GOD BLESS.... -jimbo(a friend of jesus) 1950's war comics 1 Link to comment Share on other sites More sharing options...
batman_fan Posted February 26, 2017 Share Posted February 26, 2017 4 minutes ago, jimjum12 said: You should contact CC and see if they could shed some light.... GOD BLESS.... -jimbo(a friend of jesus) Link to comment Share on other sites More sharing options...
pemart1966 Posted February 26, 2017 Share Posted February 26, 2017 2 hours ago, jimjum12 said: Invest in stocks and property, collect comics, enjoy your life...... problem solved. GOD BLESS... -jimbo(a friend of jesus) At today's prices most folks are "investing" in comics whether they know it or not... Link to comment Share on other sites More sharing options...
adamstrange Posted February 26, 2017 Share Posted February 26, 2017 49 minutes ago, batman_fan said: All I know is I hope I am able to pick up something from Jon's collection. I like that they are being auctioned on CC versus CLINK since the CC bidding allows more time to consider just how high you are willing to go. Time to start cutting back on my spending to try and build up some funds. Anyone know if Jon had a lot of GA Batman's? He did not unless you are looking for a Tec 27. Link to comment Share on other sites More sharing options...
batman_fan Posted February 26, 2017 Share Posted February 26, 2017 Just now, adamstrange said: He did not unless you are looking for a Tec 27. I am looking for a Detective 27, sadly my budget says looking is all I can do Link to comment Share on other sites More sharing options...
Zolnerowich Posted February 26, 2017 Share Posted February 26, 2017 1 hour ago, Ricksneatstuff said: I think I'm gonna keep it simple and just focus on one book All I plan on getting is the Fantastic 3 Rick, let's do a time share on Fantastic 3! Rotating the book between us at 6-month intervals! Link to comment Share on other sites More sharing options...
Sqeggs Posted February 26, 2017 Share Posted February 26, 2017 1 hour ago, batman_fan said: All I know is I hope I am able to pick up something from Jon's collection. I like that they are being auctioned on CC versus CLINK since the CC bidding allows more time to consider just how high you are willing to go. Time to start cutting back on my spending to try and build up some funds. Anyone know if Jon had a lot of GA Batman's? The mystery to me is that he didn't go with Heritage. Link to comment Share on other sites More sharing options...
