Ironmandrd Posted January 31, 2019 Share Posted January 31, 2019 "First Rule of HA Consignment Club---You do not talk about HA Consignment Club." vodou and zhamlau 1 1 Link to comment Share on other sites More sharing options...
malvin Posted February 1, 2019 Share Posted February 1, 2019 On 1/30/2019 at 3:38 PM, vodou said: Case of ignorance? I doubt HA begs to give up their end. Maybe. I don't know for sure, but I heard that the HA minimum is $5K. If so, I don't see $20K getting any sort of special treatment. Malvin Link to comment Share on other sites More sharing options...
Bird Posted February 1, 2019 Share Posted February 1, 2019 I'll ask directly at the next comic art con and see what info I can glean. Link to comment Share on other sites More sharing options...
Bird Posted February 1, 2019 Share Posted February 1, 2019 I'll ask directly at the next comic art con and see what info I can glean. nnn Link to comment Share on other sites More sharing options...
Pete Marino Posted February 23, 2019 Share Posted February 23, 2019 (edited) I usually don't post the ones i see, but this one i found amusing: $135 on clink: http://www.comiclink.com/Auctions/item.asp?back=%2FComicTrack%2FAuctions%2Fbids.asp&id=1298221 $800 on ebay (no bids so far) https://www.ebay.com/itm/Ramos-AMAZING-SPIDER-MAN-2-pg-12-SECOND-PAGE-EVER-OF-NEW-SEXY-FEMALE-ELECTRO/372603454273 Edited February 23, 2019 by Pete Marino Link to comment Share on other sites More sharing options...
AnkurJ Posted February 23, 2019 Share Posted February 23, 2019 This sold in November on eBay. Going for more than double so far on Heritage! zhamlau 1 Link to comment Share on other sites More sharing options...
Sideshow Bob Posted February 24, 2019 Share Posted February 24, 2019 On 1/26/2019 at 5:30 PM, Sideshow Bob said: So its not a flip as its two years between buy and sell, but an illustrative lesson in the costs of trying to buy back something you sold and the true cost of transaction fees (especially Heritage). In Feb 2017, I sold this Long Halloween page on ComicLink. It really is a nice page, but I was going through a "does it spark joy?" phase and it didn't make the cut. I consigned it and the winning bid was $381, a reasonable price for a good Gordon page from a great series by a master artist. Its going to hit the auction block at Heritage in the Feb 21 auction. I thought maybe I'd bid on it, but asked the question, what would it cost me to get it back two years later with the same economics, ignoring inflation and opportunity cost? Crazy, it came it out to $237 as my max bid on sale proceeds of $343. Here is the insane math: Winning CL 2017 bidder: $381 + shipping $25 = $406 My take after CL 10% fee of -$38: $343 Back out 8.875% NYC sales tax if I bid again: -$28 Back out Heritage 20% buyers premium on pre-tax total: -$52 Back out Heritage standard shipping/handling: -$25 My max bid to be break-even from Feb 2017: $237 vs the $343 I got as a check in Feb 2017. That is a -30% move from my sale proceeds or a -38% move from the last winning bid. Wow. Even more frightening, in that scenario, the new consignor gets hit with a Heritage sellers fee of 15%, so the take-home is $202, or a 50% loss from what they paid (with shipping). Ouch. In reality, I won't win at $237 and the consignor won't get destroyed, since someone will bid higher than $350 for this lovely page and become the new owner... it just won't be me. [For illustrative purposes, if the consignor is the original buyer from Feb 2017, to break even at a purchase price of $406, after HA fees they'll need a hammer of $467. As the new winning bidder, if I bid $467, after 8.875% sales tax and 20% fees and $25 shipping, it will cost me $626. That is 1.65x the last hammer price of $381! The question becomes... did the Long Halloween interior page market move up +65% in the last two years? For the economics of selling this through HA two years later to work, I sure hope it has!.] Here is the update on this post: Sold at Heritage for $800 hammer, $960 with BP. The consignor did very well here, almost doubling his/her money from Feb 2017 to Feb 2019 (assuming standard fees). Congrats! So, I like money as much as the next person, and I would have preferred $780 of sale proceeds in my pocket versus the $343 I got in Feb 2017. I do sell pages often enough, so I have to ask myself these questions: Did I just sell too early as the LH interior page market has effectively doubled over the last two years? Did I make a mistake by consigning this to CL rather than HA, missing out on a larger buyer pool that loves Tim Sale but doesn't follow CL? Is it the auction format versus the final price model that makes the difference in the ending price? Was it just serendipitous that just the two right people showed up this time with cash in hand and bid this nice page way past its rational level? Link to comment Share on other sites More sharing options...
malvin Posted February 24, 2019 Share Posted February 24, 2019 27 minutes ago, Sideshow Bob said: Here is the update on this post: Sold at Heritage for $800 hammer, $960 with BP. The consignor did very well here, almost doubling his/her money from Feb 2017 to Feb 2019 (assuming standard fees). Congrats! So, I like money as much as the next person, and I would have preferred $780 of sale proceeds in my pocket versus the $343 I got in Feb 2017. I do sell pages often enough, so I have to ask myself these questions: Did I just sell too early as the LH interior page market has effectively doubled over the last two years? Did I make a mistake by consigning this to CL rather than HA, missing out on a larger buyer pool that loves Tim Sale but doesn't follow CL? Is it the auction format versus the final price model that makes the difference in the ending price? Was it just serendipitous that just the two right people showed up this time with cash in hand and bid this nice page way past its rational level? I have no opinions on most of your rhetorical questions, but I'm willing to bet that buyers of non-batman Tim sale pages that would only look at ha and not clink is almost non-existent! Malvin alxjhnsn, Sideshow Bob and eewwnuk 3 Link to comment Share on other sites More sharing options...
BCarter27 Posted February 24, 2019 Share Posted February 24, 2019 50 minutes ago, Sideshow Bob said: Did I just sell too early as the LH interior page market has effectively doubled over the last two years? I think this is probably the biggest factor. 51 minutes ago, Sideshow Bob said: $960 with BP Which begs the question... Could this page have sold for $1050 privately? ($960+tax) OR could it have sold for $800 at CLINK today? Link to comment Share on other sites More sharing options...
Rick2you2 Posted February 24, 2019 Share Posted February 24, 2019 2 hours ago, malvin said: Was it just serendipitous that just the two right people showed up this time with cash in hand and bid this nice page way past its rational level? There may actually be more than 2 people, but it's still not that interesting a page unless you have an unusual fondness for ugly ties. Link to comment Share on other sites More sharing options...
vodou Posted February 24, 2019 Share Posted February 24, 2019 1 hour ago, Rick2you2 said: There may actually be more than 2 people, but it's still not that interesting a page unless you have an unusual fondness for ugly ties. Agree. It's only the value of much nicer LH pages that pulls this one up from the unorganized $200 pile. Link to comment Share on other sites More sharing options...
Popular Post zhamlau Posted March 1, 2019 Popular Post Share Posted March 1, 2019 On 2/23/2019 at 5:38 PM, AnkurJ said: This sold in November on eBay. Going for more than double so far on Heritage! I dont think this should be on this thread really. Full disclosure I bought this and sold on HA, but I think the point of this is to call out really egregious aggressive mindless ramp up cash grabs. This item was poorly listed and i got it for less then 1/2 price. I tried even offering it on CAF like I always do for less than market (and 1/2 of what it sold for) but only got some low level tire-kick interest. It was only then that I put it into a better auction with no reserve. I don't think this is a "flip", I trusted my instincts and invested in something. If you go from auction to auction no reserve I don't think its a flip, at least not one needing to be called out as such. mister_not_so_nice, vodou, Rick2you2 and 6 others 9 Link to comment Share on other sites More sharing options...
Rick2you2 Posted March 1, 2019 Share Posted March 1, 2019 2 hours ago, zhamlau said: I dont think this should be on this thread really. Full disclosure I bought this and sold on HA, but I think the point of this is to call out really egregious aggressive mindless ramp up cash grabs. This item was poorly listed and i got it for less then 1/2 price. I tried even offering it on CAF like I always do for less than market (and 1/2 of what it sold for) but only got some low level tire-kick interest. It was only then that I put it into a better auction with no reserve. I don't think this is a "flip", I trusted my instincts and invested in something. If you go from auction to auction no reserve I don't think its a flip, at least not one needing to be called out as such. Agreed. This is called “spotting a bargain.” zhamlau 1 Link to comment Share on other sites More sharing options...
Bird Posted March 1, 2019 Share Posted March 1, 2019 1 minute ago, Rick2you2 said: Agreed. This is called “spotting a bargain.” You can do both...buy a bargain and flip it for profit If you buy to Sell it’s a flip some are certainly more egregious than others but flips all the same Flipping doesn’t always have negative connotations and can be a smart move Link to comment Share on other sites More sharing options...
zhamlau Posted March 1, 2019 Share Posted March 1, 2019 (edited) 37 minutes ago, Bird said: You can do both...buy a bargain and flip it for profit If you buy to Sell it’s a flip some are certainly more egregious than others but flips all the same Flipping doesn’t always have negative connotations and can be a smart move Agree I think to disagree. Simply moving venues with no price controls and trusting in your market knowledge I think doesn't count for flipping. Same goes for buying a stock you feel is undervalued and then selling later for more. (Also in this specific case this thread is about folks failing at buying items for market and trying to force a ridiculous premature price raise on it, which on no level describes what I did or what happened) Edited March 1, 2019 by zhamlau Link to comment Share on other sites More sharing options...
Bird Posted March 1, 2019 Share Posted March 1, 2019 1 minute ago, zhamlau said: Agree I think to disagree. Simply moving venues with no price controls and trusting in your market knowledge I think doesn't count for flipping. Same goes for buying a stock you feel is undervalued and then selling later for more. (Also in this specific case this thread is about folks failing at buying items for market and trying to force a ridiculous premature price raise on it, which on no level describes what I did or what happened) Yes I agree to some extent. The thread certainly is about the failed flip. And I recognize that you did not sell it at a fixed price. But my definition of flipping is buying to sell quickly and at a higher price, which seems to have been met here. It is okay, like I said, no negative connotations to your behavior. You are not a bad guy for this by any stretch. you actually seem like a good guy form what I have observed on the boards. I did not mean to insult and if I did I expressed myself poorly. I hope you forgive me, you dirty flipper! Link to comment Share on other sites More sharing options...
williamhlawson Posted March 1, 2019 Share Posted March 1, 2019 Let he who has not flipped... First Upgrade 1 Link to comment Share on other sites More sharing options...
comix4fun Posted March 2, 2019 Share Posted March 2, 2019 1 hour ago, williamhlawson said: Let he who has not flipped... williamhlawson and Andahaion 2 Link to comment Share on other sites More sharing options...
AnkurJ Posted March 2, 2019 Share Posted March 2, 2019 6 hours ago, Bird said: You can do both...buy a bargain and flip it for profit If you buy to Sell it’s a flip some are certainly more egregious than others but flips all the same Flipping doesn’t always have negative connotations and can be a smart move Agreed. Any buying with the sole intention of selling is flipping. Many do it. Some just much better than others. Link to comment Share on other sites More sharing options...
lobrac Posted March 8, 2019 Share Posted March 8, 2019 Weird War #68 page by Ruben Yandoc, sold on Comiclink in Feb. 2019 for $73 http://comiclink.com/Auctions/item.asp?back=%2FComicTrack%2FAuctions%2Fbids%2Easp%3Fpg%3D3&id=1298643 On eBay with countorlokcollectibles2003 for $149.95 BIN https://www.ebay.com/itm/WEIRD-WAR-TALES-86-PAGE-7-Original-Art-by-RUBEN-YANDOC-1988-late-BRONZE-AGE/333107198302?hash=item4d8ebc795e:g:GGkAAOSwcOtcgdTG&frcectupt=true I cry foul! This is a blatant manipulation of the Ruben Yandoc art market. Yandoc deserves better. Lee B. 1 Link to comment Share on other sites More sharing options...