Whiteraven07 Posted November 21, 2017 Share Posted November 21, 2017 I am curious how a bad economy would affect the ability to sell valuable books. I am not talking about everyday modern age comics. These would be rare modern age variants/low print runs/silver and golden age books. Your opinions would be much appreciated. Link to comment Share on other sites More sharing options...
ThothAmon Posted November 21, 2017 Share Posted November 21, 2017 Prices will go down at twice the rate that stock prices will fall. Link to comment Share on other sites More sharing options...
oakman29 Posted November 21, 2017 Share Posted November 21, 2017 You should have asked this in 2008. Just look at the amazing prices realized in all the auction houses. Hell someone willing to pay 450 million for a DeVinci of Christ, when I could paint the same thing for half the price tells me the collectibles market is very strong. MGsimba77, thedude and comicjack 3 Link to comment Share on other sites More sharing options...
shadroch Posted November 21, 2017 Share Posted November 21, 2017 If I sell in the next recession, it will only be because real estate has dropped enough first. Link to comment Share on other sites More sharing options...
GM8 Posted November 21, 2017 Share Posted November 21, 2017 I was wondering this too. Does anyone have any examples in their own experience? I didn't follow it that closely in '08-09. Link to comment Share on other sites More sharing options...
lizards2 Posted November 21, 2017 Share Posted November 21, 2017 51 minutes ago, GM8 said: I was wondering this too. Does anyone have any examples in their own experience? I didn't follow it that closely in '08-09. I really don't remember much as I've always been in recession proof work. But I do remember that 1990/1991 saw a huge upsurge in collector comic prices. I was buying like crazy in 1988/1989 because things were so cheap, and then the market took off like a rocket. Intuitively and without data, I think comic prices continue flat or on an upwards trend through recessions, because people are looking to collectibles as a place to dump there money due to low returns. Currently, we are in an artificially suppressed return era for cash, and I think that's why we have so many speculators right now. GM8 1 Link to comment Share on other sites More sharing options...
TheFifthHorseman Posted November 21, 2017 Share Posted November 21, 2017 2 hours ago, lizards2 said: I really don't remember much as I've always been in recession proof work. .... and I think that's why we have so many speculators right now. You're a very wise reptile Link to comment Share on other sites More sharing options...
lizards2 Posted November 21, 2017 Share Posted November 21, 2017 (edited) 2 hours ago, TheFifthHorseman said: 5 hours ago, lizards2 said: I really don't remember much as I've always been in recession proof work. .... and I think that's why we have so many speculators right now. You're a very wise reptile Never underestimate the power of luck and sticktoitiveness. Taking a job that was family conducive, and doing good work (and luck) allowed me several promotions in place, and the option to retire at age 56, which I did. Edited November 21, 2017 by lizards2 oakman29 and jdw1991 2 Link to comment Share on other sites More sharing options...
TheFifthHorseman Posted November 21, 2017 Share Posted November 21, 2017 3 minutes ago, lizards2 said: and the option to retire at age 56, which I did. No sarcasm at all bro! That is awesome!! Link to comment Share on other sites More sharing options...
Knightsofold Posted November 21, 2017 Share Posted November 21, 2017 How do the recessions effect middle class hobbyists? People who spend maybe... 1-5k on keys a year. I woild imagine as jobs are lost more books in the $100-5,000 range are pushed into the marketplace at prices that undercut. Link to comment Share on other sites More sharing options...
TheFifthHorseman Posted November 21, 2017 Share Posted November 21, 2017 6 minutes ago, Knightsofold said: I woild imagine as jobs are lost more books in the $100-5,000 range are pushed into the marketplace at prices that undercut. Jobs outlook is good for the foreseeable future Link to comment Share on other sites More sharing options...
shadroch Posted November 21, 2017 Share Posted November 21, 2017 That's when my lending on comics business takes off. Link to comment Share on other sites More sharing options...
atomised Posted November 22, 2017 Share Posted November 22, 2017 (edited) there's been a variety of studies how even during times of recession, the very high end of the collectable space remains relatively unscathed as high net worth individuals fair better than most folks during these times. Contrarians often buy during dips. That mutual fund or index fund with three dozen companies in there that millions of Americans buy without even knowing what the underlying portfolio consists of will probably sure drop a hell of a lot faster and steeper than a GA or SA key during a market decline. My .02 Edited November 22, 2017 by atomised Von Cichlid and ComicConnoisseur 2 Link to comment Share on other sites More sharing options...
s14roller Posted November 22, 2017 Share Posted November 22, 2017 GPA on major keys from 06-10 trend would tell you before and afters. MGsimba77 1 Link to comment Share on other sites More sharing options...
oakman29 Posted November 22, 2017 Share Posted November 22, 2017 (edited) 6 hours ago, Knightsofold said: How do the recessions effect middle class hobbyists? People who spend maybe... 1-5k on keys a year. I woild imagine as jobs are lost more books in the $100-5,000 range are pushed into the marketplace at prices that undercut. Im an exterminator, so I basically have a recession proof job. the recession never hit me , not once. Adopting two boys is sucking my funds dry, but well worth it. Edited November 22, 2017 by oakman29 Aweandlorder and ADAMANTIUM 2 Link to comment Share on other sites More sharing options...
Philflound Posted November 22, 2017 Share Posted November 22, 2017 Usually when stock prices plummet investors turn to other places to put their money and comics are one of the avenues they turn to. Link to comment Share on other sites More sharing options...
shadroch Posted November 22, 2017 Share Posted November 22, 2017 5 hours ago, Philflound said: Usually when stock prices plummet investors turn to other places to put their money and comics are one of the avenues they turn to. My $100,000 retirement fund just got gutted and cut in half. Should I take half of what I have left and buy the best $25,000 AF 15 I can find? Greenlake 1 Link to comment Share on other sites More sharing options...
Weird Paper Posted November 22, 2017 Share Posted November 22, 2017 12 hours ago, Philflound said: Usually when stock prices plummet investors turn to other places to put their money and comics are one of the avenues they turn to. I have some friends who have been antiquarian book dealers in LA for 40+ years. Long ago, they told me this exact thing with regard to their business -- that when the market is down, they see cash influxes (from customers other than the usual suspects) from investors searching for someplace less volatile to park their money. Link to comment Share on other sites More sharing options...
Aweandlorder Posted November 26, 2017 Share Posted November 26, 2017 Recession shouldn't affect comic book buyers as those are usually always broke Link to comment Share on other sites More sharing options...
TheFifthHorseman Posted November 26, 2017 Share Posted November 26, 2017 On 11/22/2017 at 4:13 AM, shadroch said: My $100,000 retirement fund just got gutted and cut in half. Should I take half of what I have left and buy the best $25,000 AF 15 I can find? Put it all in coffee cans and bury as deep as possible Link to comment Share on other sites More sharing options...
