Heritage's Next Event Auction has started posting books ! 32 32

[batman_fan]

2 minutes ago, lou_fine said:

Is this the part where you have to go and change your diapers and prep yourself way in advance by buying a big box of Depends prior to their Signature Auctions?  

I now put on three Depends during auctions just to be safe.

[lou_fine]

2 minutes ago, batman_fan said:

5 minutes ago, lou_fine said:

Is this the part where you have to go and change your diapers and prep yourself way in advance by buying a big box of Depends prior to their Signature Auctions?  

I now put on three Depends during auctions just to be safe.

Well, in this case it's best for you to check your weekly flyers for the big sales because you just might have to buy them in bulk quantities then.    

[Funnybooks]

5 hours ago, Mr. Lady Luck said:

And yet... there's a Batman #1 in every auction...

you have the worst luck?

[batman_fan]

7 minutes ago, lou_fine said:

Well, in this case it's best for you to check your weekly flyers for the big sales because you just might have to buy them in bulk quantities then.    

My son works at King Soopers so I get his employee discount 

[lou_fine]

6 hours ago, Professor Chaos said:

Hi ya'll. I just learned something about buying on Heritage. An owner of a book they won on auction put it up Monday with a BUY NOW price of 1,500. Yesterday (Tuesday) I clicked BUY NOW for the full amount. Today (Wednesday) they responded and said they want 2,000 for it now.

Just a question here.............is this a Buy It Now price that the owner has knowingly set on the book themselves or is this the automated Make Offer to Owner feature that Heritage has on all of their completed auction lots?  

If it's the latter, this is just a system generated figure now set at 50% (used to be 30% until several months ago) above the winner's purchase price.  Most winning purchasers are not even aware of this feature and only find out about it after the fact (sometimes years later) when a prospective buyer hits the button and then it's up to them whether they want to accept this offer or not.  Can't remember if they allow you to counter offer or not, but I assume it would only make sense for them to allow you to do this.  

Edited March 24, 2021 by lou_fine

[lou_fine]

6 hours ago, comicjack said:

9 hours ago, sagii said:

Another observation: it's amazing considering how many auctions HA (weekly ones included) Comiclink and Comic Connect hold a year between the three of them, you can still go years sometimes and not see certain books . 

I have been waiting sometime for certain books and i'm running out of time 

Another observation here:  And yet it's amazing the number of more recent hot books (eg. Spidey 300, NM 98, MOKF 15, etc.) that continues to show up in multiple quamtities in every single one of these auctions and buyers continue to pay escalating prices on these seemingly "common as dirt" books.  

[Professor K]

4 hours ago, vheflin said:

Thread below is about this.  Their buy now is the same as make offer.

Real slimey.

 

 

3 hours ago, Mr bla bla said:

This apparently happens all the time. I got basically the same treatment on a 1000$ book three days ago on one of the other major auction house platforms.

 

 

3 hours ago, Mr.Fantastic said:

As an update to this.....I have finally received confirmation that someone placed a BIN/offer for the ask price and the item has been sent to Heritage, but I must say this has been the worst experience trying to sell something I have ever experienced. Heritage should be better than this.

Ok thanks. I've got many a book from their auction but never from a BUY NOW listing. I can understand if its an old listing and the seller/owner had not updated it. I wouldn't expect an owner to follow through with a sale now for a book with a BUY NOW price from 2019 for example. But in my case the owner had just put it up for sale the day before. The listing was one day old, so jacking the price so quickly to me is a little slimey indeed.  So basically an owner can put a book for sale for X amount. If they recieve an offer for X amount they can then reject it and raise the price. And so on. It seems to be a method in which an owner/"seller" who has no intention to sell can use to gauge the actual market price they "would" be able to recieve if  they actually want to sell it. 

Oh well, it is what it is. I have no better solution to this method, other than not use the wording BUY NOW when in fact its not actually a BUY NOW method. 

So Mr F , I don't know what happened in your situation. I know from the email from heritage that the seller was able to reject my offer of the full BUY NOW price. Maybe accepting the BUY NOW is not as simplistic. I hope you at least ultimately got the price you wanted for it. 

[Professor K]

16 minutes ago, lou_fine said:

Just a question here.............is this a Buy It Now price that the owner has knowingly set on the book themselves or is this the automated Make Offer to Owner feature that Heritage has on all of their completed auction lots?  

If it's the latter, this is just a system generated figure now set at 50% (used to be 30% until several months ago) above the winner's purchase price.  Most winning purchasers are not even aware of this feature and only find out about it after the fact (sometimes years later) when a prospective buyer hits the button and then it's up to them whether they want to accept this offer or not.  Can't remember if they allow you to counter offer or not, but I assume it would only make sense for them to allow you to do this.  

You know I'm not completely sure but that question is "Highly Significant" . The way it's worded it seems that the owner of the book has set the price themselves. If it is an automatically generated price they really need to change that method as its just a problem waiting to be had for either party. But I do believe the owner sets the price because most BUY NOW prices are pretty darn high. 

[lou_fine]

On 3/22/2021 at 9:03 AM, jimbo_7071 said:

On 3/22/2021 at 5:23 AM, sagii said:

  

Awesome! There were results like this on a few maybe ago as well. Also very high grade.

Maybe bought on by the Space Jam sequel? The Pepe Le Pew and Lola Bunny headlines? A franchise started in the 30's and updates and changes are still newsworthy and still the subject of big budget motion pictures as well as newly produced cartoon shorts.

I'd say it was about time. 

It could be. I'd be curious to know how many bidders there were (not counting the low-ball bidders). There could be just two guys competing for high-grade copies.

Don't think it would be the Space Jam sequel as Pepe Le Pew has been left on the cutting room floor of that movie, and apparently Pepe will also not be showing up in any other media platforms going forward due to its political incorrectness when it comes to so-called rape culture and the like:  

https://deadline.com/2021/03/pepe-le-pew-space-jam-2-new-york-times-rape-culture-controversy-1234708688/

Even if Pepe was still in the movie sequel, I believe his first comic book appearance was right near the end of the Looney Tunes run in the SA and hence shouldn't have a direct link to the GA issues of Looney Tunes where these high auction results were taking place.  

Nonetheless, it's always good to see some of these long undervalued and seeningly much under appreciated books finally receive their long overdue day in the sun.  

[tth2]

5 hours ago, Mr. Lady Luck said:

10 hours ago, sagii said:

Another observation: it's amazing considering how many auctions HA (weekly ones included) Comiclink and Comic Connect hold a year between the three of them, you can still go years sometimes and not see certain books . 

And yet... there's a Batman #1 in every auction...

Because it's the most common mega-key, by far.

The second most common is Captain America #1.

[tth2]

1 hour ago, lou_fine said:

Is this the part where you have to go and change your diapers and prep yourself way in advance by buying a big box of Depends prior to their Signature Auctions?  

There is way too much in-depth knowledge in this post. 

[lou_fine]

2 hours ago, Professor Chaos said:

2 hours ago, lou_fine said:

Just a question here.............is this a Buy It Now price that the owner has knowingly set on the book themselves or is this the automated Make Offer to Owner feature that Heritage has on all of their completed auction lots?  

 

You know I'm not completely sure but that question is "Highly Significant" .

Highly Significant is indeed correct here, because if it is truly a Buy It Now, then it means that the owner of the book has set their Offer Price and you are in effect accepting their offer price.  If it is a Make Offer to Owner, YOU are in effect making an offer to the owner and it's then up to them whether THEY accept it or not.  

For example, I am 100% sure that the winner of this book here on HA had absolutely no problems accepting this offer less than a short week after winning the book:  

https://comics.ha.com/itm/golden-age-1938-1955-/all-star-comics-3-billy-wright-pedigree-dc-1940-cgc-vf-85-off-white-to-white-pages/a/7054-91043.s?ic4=ListView-ShortDescription-071515

 

After all, who wouldn't in their right mind accept an offer of $200,000 less than a week after winning the book for only $49,293.75!!!        

Edited March 25, 2021 by lou_fine

[Professor K]

1 hour ago, lou_fine said:

Highly Significant is indeed correct here, because if it is truly a Buy It Now, then it means that the owner of the book has set their Offer Price and you are in effect accepting their offer price.  If it is a Make Offer to Owner, YOU are in effect making an offer to the owner and it's then up to them whether THEY accept it or not.  

For example, I am 100% sure that the winner of this book here on HA had absolutely no problems accepting this offer less than a short week after winning the book:  

https://comics.ha.com/itm/golden-age-1938-1955-/all-star-comics-3-billy-wright-pedigree-dc-1940-cgc-vf-85-off-white-to-white-pages/a/7054-91043.s?ic4=ListView-ShortDescription-071515

 

After all, who wouldn't in their right mind accept an offer of $200,000 less than a week after weeking the book for only $49,293.75!!!        

Holy Moly would you look at that. But first the way it it worded is simply BUY NOW.  Under that there is a green button which says "Buy Now From Owner". Under that is a "Make Offer" button. Seems fully explanatory. I'm sure you already know all this.

But! it does state under the Buy Now From Owner buttton " The owner of this item indicated they would sell this item at this amount on (Month,Day,Year), and it may no longer be available at that amount"....... So there it is, basically the Buy Now price doesn't mean JACK SQUAT! I do think they should come up with a way to make it so the owner must sell for the amount they offer and if they refuse then be banned from selling from that point on. Obviously Heritage can't force them to sell the book but they shouldn't allow owners to do this. Its like "How much for a pizza? "10 dollars".  "Sounds good I'll take one". Then when you go to pay they say "Ok that'll be 20 dollars". "But you said 10 dollars".  "Yeah,  but the price just went up like just now". 

That All Star 3. I see it says 200K in 2012 but now way. That's even more unbelievable than a tmnt 1 going for 90k two years ago. Gocollect has no listing of that sale either. But point taken.

[skypinkblu]

3 hours ago, lou_fine said:

Just a question here.............is this a Buy It Now price that the owner has knowingly set on the book themselves or is this the automated Make Offer to Owner feature that Heritage has on all of their completed auction lots?  

If it's the latter, this is just a system generated figure now set at 50% (used to be 30% until several months ago) above the winner's purchase price.  Most winning purchasers are not even aware of this feature and only find out about it after the fact (sometimes years later) when a prospective buyer hits the button and then it's up to them whether they want to accept this offer or not.  Can't remember if they allow you to counter offer or not, but I assume it would only make sense for them to allow you to do this.  

I've never ever put a book I won on Heritage up for an offer, but someone contacted me on a book several years ago to make one, much to my surprise, there was that button you mention here.. . The book was a Timely I won well over 10 years ago and they were offering me the "offer price" which was based on that sale.

When I found out what was happening, I asked them to remove the offers. I'm pretty sure they did that. I was not really thrilled that the buttons were there to begin with, but I figured I missed something in some fine print somewhere.

[GreatCaesarsGhost]

I’ve made two offers. The first was for a page 5 of Action 1. It had only just sold a year before, so I offered a respectful  bump(on top of the vig ya gotta pay heritage), and got told the owner wouldn’t sell at any price. End of story. The second offer, made 2 years after its initial Heritage sale, was more successful and netted me a keeper. It’s a worthwhile try, looking RECENT sales over, I think. If you look at books more than 2 years removed from the original Heritage sale, chances are the “buy it now” prices have become laughably low, and the original buyer probably doesn’t even have the book anymore 

Edited March 25, 2021 by GreatCaesarsGhost

[adamstrange]

45 minutes ago, skypinkblu said:

I've never ever put a book I won on Heritage up for an offer, but someone contacted me on a book several years ago to make one, much to my surprise, there was that button you mention here.. . The book was a Timely I won well over 10 years ago and they were offering me the "offer price" which was based on that sale.

When I found out what was happening, I asked them to remove the offers. I'm pretty sure they did that. I was not really thrilled that the buttons were there to begin with, but I figured I missed something in some fine print somewhere.

They've played around with the default settings a couple times.  Early on, they defaulted every book to be available for offers and I had to individually turn that off.  Then I had to remember to keep turning it off as I won books.  Then, later I was able to set it so that all purchases show as "not for sale".

[adamstrange]

56 minutes ago, Professor Chaos said:

Holy Moly would you look at that. But first the way it it worded is simply BUY NOW.  Under that there is a green button which says "Buy Now From Owner". Under that is a "Make Offer" button. Seems fully explanatory. I'm sure you already know all this.

But! it does state under the Buy Now From Owner buttton " The owner of this item indicated they would sell this item at this amount on (Month,Day,Year), and it may no longer be available at that amount"....... So there it is, basically the Buy Now price doesn't mean JACK SQUAT! I do think they should come up with a way to make it so the owner must sell for the amount they offer and if they refuse then be banned from selling from that point on. Obviously Heritage can't force them to sell the book but they shouldn't allow owners to do this. Its like "How much for a pizza? "10 dollars".  "Sounds good I'll take one". Then when you go to pay they say "Ok that'll be 20 dollars". "But you said 10 dollars".  "Yeah,  but the price just went up like just now". 

That All Star 3. I see it says 200K in 2012 but now way. That's even more unbelievable than a tmnt 1 going for 90k two years ago. Gocollect has no listing of that sale either. But point taken.

In the case of ebay, someone is proactively placing their item on the site in order to sell it.  There's a whole sales agreement you sign, and they make clear their rules as you put up each item.

Heritage has it (and had it) so that items won by a bidder were immediately available for offers, whether that collector explicitly authorized it or not.  Even though you didn't agree to be a seller, you de facto were made out to be one, and that leads to the confusion.

[skypinkblu]

8 minutes ago, adamstrange said:

They've played around with the default settings a couple times.  Early on, they defaulted every book to be available for offers and I had to individually turn that off.  Then I had to remember to keep turning it off as I won books.  Then, later I was able to set it so that all purchases show as "not for sale".

Thanks, I think I was doing that for a while, but I forgot. The person who contacted me was pretty insistent about buying a book I didn't want to sell at a price that was kind of silly given the time difference, lol. 

I still have it;)

[lou_fine]

1 hour ago, Professor Chaos said:

So there it is, basically the Buy Now price doesn't mean JACK SQUAT! I do think they should come up with a way to make it so the owner must sell for the amount they offer and if they refuse then be banned from selling from that point on. Obviously Heritage can't force them to sell the book but they shouldn't allow owners to do this.

I totally agree with you 110%.  

Since I love to go through old price catalogues, I want all of those dealers to be forced to sell me those books they have listed at the exact price point that they have them listed for.      

Seriously though, I believe the way Heritage has their BIN and Make an Offer features set up, it's rather easy for any listed price in this kind of heated marketplace to become out of date after a few months, let alone several years.  Especially since you really can't expect the auction winners to keep going back into the system to update their price points on a HA feature that they are probably not even aware off.    

Edited March 25, 2021 by lou_fine

[lou_fine]

4 hours ago, Professor Chaos said:

That All Star 3. I see it says 200K in 2012 but now way. That's even more unbelievable than a tmnt 1 going for 90k two years ago. Gocollect has no listing of that sale either. But point taken.

Well, I believe if you've been around long enough like some of us old timers here, you would know the story about Anthony Chiofalo, the former in-house counsel for the Tandano Corporation who embezzled millions of dollars and then used the proceeds to purchase comic books for outlandish prices at the time:  

https://www.theverge.com/2015/7/22/8870089/texas-comic-book-heist-anthony-chiofalo-tadano

I am not sure if GoCollect would collect data going back to 2012 as I am not even sure if they were around at that point in time.  

Edited March 25, 2021 by lou_fine