Heritage's Next Event Auction has started posting books ! 31 31

[GreatCaesarsGhost]

On 5/13/2022 at 12:26 PM, circumstances said:

I was totally joking.

 

Love this book.

[tth2]

On 5/13/2022 at 8:09 AM, batman_fan said:

Two more

 

Yikes!

[tth2]

On 5/13/2022 at 8:33 AM, Dark Knight said:

Supes 1 CGC 5.0 sold for $720k..  A 3.0 sold at Goldin earlier this year for the same price 

I wonder if this is what it felt like when the first tulip bulbs started selling for less.

[tth2]

On 5/13/2022 at 12:34 PM, GreatCaesarsGhost said:

 I like to give @Mmehdygrief as much as the next guy(not really, Mitch), but I think there’s other things in play here. I think the crypto guys were responsible for the craziness we saw in the Promise Collection hammer prices, and they are in hiding at this particular moment, and their absence was felt tonight. 

I thought it was Mitch's old school collector friends who (extremely improbably) were the ones throwing huge sums of money at these books.

But hey, maybe they're one and the same.  It's equally probable that a bunch of guys in their 60s and 70s were making big bank from crypto.

[tth2]

On 5/13/2022 at 10:52 AM, GreatCaesarsGhost said:

Market correction? You be the judge!

 

Although I like to indulge in a bit of schadenfreude as much as the next guy, I don't think you can read too much from a small decline over a period of less than two months.

[GreatCaesarsGhost]

On 5/13/2022 at 2:43 PM, tth2 said:

Although I like to indulge in a bit of schadenfreude as much as the next guy, I don't think you can read too much from a small decline over a period of less than two months.

We will see. As a buyer, I actually want the prices to go down. I sold one book recently but that was an exception. I’m still in acquisition mode, at least until my 12 step program kicks in 

Edited May 13, 2022 by GreatCaesarsGhost

[GreatCaesarsGhost]

On 5/13/2022 at 3:27 PM, szav said:

The mega keys and Promise books in the Palos Verde auction took an almost expected drop I’d say.. but what about the rest?  It actually looked like several books did really well relative to recent sales, and that overall everything was still very pricey.  Didn’t really see a lot of bargains in the  non men tights sort of books I track like the Spirit 22 etc.

Definitely not ready to declare that it’s correction time outside the millionaire’s books.

 

Funny you should mention the Spirit 22. You are right. I thought $6k was a strong price for a midgrade tan paged book. Great cover is why, I’m sure 

[SuperBird]

mArKet HaVoc just as my Action Comics WW2 covers are up for auction on Heritage this week... arg! 

Fingers crossed....!

[woowoo]

On 5/13/2022 at 1:05 PM, GreatCaesarsGhost said:

We will see. As a buyer, I actually want the prices to go down. I sold one book recently but that was an exception. I’m still in acquisition mode, at least until my 12 step program kicks in 

[GreatCaesarsGhost]

On 5/13/2022 at 4:10 PM, SuperBird said:

mArKet HaVoc just as my Action Comics WW2 covers are up for auction on Heritage this week... arg! 

Fingers crossed....!

Good luck. Great covers!

[Robot Man]

On 5/13/2022 at 1:27 PM, szav said:

The mega keys and Promise books in the Palos Verde auction took an almost expected drop I’d say.. but what about the rest?  It actually looked like several books did really well relative to recent sales, and that overall everything was still very pricey.  Didn’t really see a lot of bargains in the  non men tights sort of books I track like the Spirit 22 etc.

Definitely not ready to declare that it’s correction time outside the millionaire’s books.

 

Books like Spirit #22 are simply iconic and just stand on their own. Fortunately, I realized that as a young budding collector. There are many obvious exceptions but books like this really stood out over many of their "men in tights" counterparts. And, it's a one and done.

I would go out on a limb and say, if you have a copy of this one you are lucky and or smart. Books like this might stabilize a bit or maybe even take a very slight down turn, but you will never be sorry you bought it. I have treasured mine since I first got it. 

[50YrsCollctngCmcs]

On 5/14/2022 at 7:20 AM, Robot Man said:

Books like Spirit #22 are simply iconic and just stand on their own. Fortunately, I realized that as a young budding collector. There are many obvious exceptions but books like this really stood out over many of their "men in tights" counterparts. And, it's a one and done.

I would go out on a limb and say, if you have a copy of this one you are lucky and or smart. Books like this might stabilize a bit or maybe even take a very slight down turn, but you will never be sorry you bought it. I have treasured mine since I first got it. 

 

Love that a Legend signed a story he created called A Legend!

[Robot Man]

On 5/13/2022 at 7:35 PM, 50YrsCollctngCmcs said:

Love that a Legend signed a story he created called A Legend!

Indeed! Take a good look at that splash page. This issue isn’t great simply because of the iconic cover. Eisner was an incredible artist and designer as well. You can just hear that rain and feel it. Just amazing how much work and care was taken for a 10 cent throwaway comic book. 

[Professor K]

On 5/12/2022 at 7:57 PM, szav said:

The Batman #1 4.0 at 264k went for less than a recent 2.5 too.  Still a pretty crazy price for a 4.0 relative to 2 years ago.  Not so much a crash as a mild tempering of the insanity.

I saw that. I wonder why that happened.

[lou_fine]

On 5/14/2022 at 1:26 PM, Professor K said:

On 5/12/2022 at 4:57 PM, szav said:

The Batman #1 4.0 at 264k went for less than a recent 2.5 too.  Still a pretty crazy price for a 4.0 relative to 2 years ago.  Not so much a crash as a mild tempering of the insanity.

I saw that. I wonder why that happened.

Well, as I had already stated in another thread on the GA boards here, any bets that this book along with many others from this particular collection would probably have gone for more money in a higher profile regularly scheduled Heritage Signature Auction with the usual big dollar eyeballs.  

Especially when this copy here was auctioned off in another one of these one-off standalone auctions (i.e. the Pablos Verdes Auction) where many of the regular Heritage clientale probably didn't even pay any attention at all to this particular auction here.  

[lou_fine]

On 5/12/2022 at 5:33 PM, Dark Knight said:

Supes 1 CGC 5.0 sold for $720k..  A 3.0 sold at Goldin earlier this year for the same price 

Do you have a link to this CGC 3.0 graded copy of Supes 1 that took place at Goldin earlier this year that sold at the same $720K price point?  

[Dark Knight]

On 5/14/2022 at 5:50 PM, lou_fine said:

Do you have a link to this CGC 3.0 graded copy of Supes 1 that took place at Goldin earlier this year that sold at the same $720K price point?  

https://goldin.co/item/1939-d-c-comics-superman-1-origin-of-superman-cgc-3-0-cream-to-off-whilg15y

[lou_fine]

On 5/12/2022 at 5:02 PM, batman_fan said:

Promise Batman 28 was a loss

 

 

On 5/12/2022 at 5:09 PM, batman_fan said:

Two more

 

On 5/13/2022 at 12:26 PM, tth2 said:

Yikes!

Triple yikes!!! in this case here, but is this pricing action really at all that surprising to anybody here except possibly for @Mmehdy.   

After almost a full year of auctions with Promise Collection books in there, is anybody aware of even one Promise book that has managed to sell for a higher price point after coming back to auction on a second go round?  

Although a different environment at the time, still a stark comparison to the Jon Berk Collection from almost 5 years ago where I believe that virtually every single Jon Berk book was sold at a higher price point in subsequent auctions right from the get go.  

Based upon these Promise Collection results here, it confirms my thinking that most of the bidding on the first go round for the Promise books were by bidders who were heavily influenced by both the Promise pedigree hype being generated plus the grade on the CGC label.  On the second go round for these exact same Promise books, the bidding was probably more likely done by longer term collectors who were bidding based much more upon the underlying book itself and relatively less influenced by the initial Promise hype and CGC label grade.    

Edited May 15, 2022 by lou_fine

[50YrsCollctngCmcs]

On 5/15/2022 at 12:16 AM, Robot Man said:

Indeed! Take a good look at that splash page. This issue isn’t great simply because of the iconic cover. Eisner was an incredible artist and designer as well. You can just hear that rain and feel it. Just amazing how much work and care was taken for a 10 cent throwaway comic book. 

His atmospherics are second to none. I discovered his work in the mid seventies at the local newsstand in my hometown in NJ where I'd buy my comics. I have a great memory of walking uptown on a cold winter night to pick up my comic fix. A copy of the Spirit was one of the purchases and had a fun wintry cover. As I left the newsstand and walked outside a light snow had started to fall. The town was quiet and I looked across the street at a large clock that stood on the corner of a bank building watching the snow slowly drift down. The atmosphere was truly deserving of an Eisner splash!

I had Mr. Eisner autograph my Warren Spirit #1 to my kids back in the early nineties. Such a gentleman to talk to at the old San Diego shows. Such great memories over the years.

[adamstrange]

On 5/14/2022 at 11:16 AM, Robot Man said:

Indeed! Take a good look at that splash page. This issue isn’t great simply because of the iconic cover. Eisner was an incredible artist and designer as well. You can just hear that rain and feel it. Just amazing how much work and care was taken for a 10 cent throwaway comic book. 

I once gave a speech for Toastmasters solely on an Eisner rain panel.