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

[lou_fine]

On 1/13/2023 at 7:16 AM, tth2 said:

They shouldn't have consigned to an early January auction.  Maybe we really are in a correction from the peaks of the Pandemic, but I don't think this was the best time of year for an auction either.

Then again, with the seemingly strong GA results here, maybe this is just a precursor of what is to come during the traditional March to June stronger time period.    

Edited January 13, 2023 by lou_fine

[MrBedrock]

On 1/13/2023 at 9:16 AM, tth2 said:

On 1/12/2023 at 4:27 PM, MrBedrock said:

but for some reason this particular 9.2 sale seems awfully low and I guarantee the consignor is not particularly happy right now

They shouldn't have consigned to an early January auction.  Maybe we really are in a correction from the peaks of the Pandemic, but I don't think this was the best time of year for an auction either.

Possibly so, but books like that - the icons of the hobby - are generally pretty immune to those factors. There might be swings a little this way or that, but for this book I would think the expectation from both the consignor and the auction house was about twice the realized price.

[lou_fine]

On 1/13/2023 at 4:32 AM, jimbo_7071 said:

You forgot to mention that the Eagle book was featured on one of the catalogs. That probably earned it quite a bit of extra attention, including some bids by newbies who thought that if it was on the cover of the catalog, it must be an important book.

Didn't realize that this was the featured book on the cover of their catalog, but YES indeed, this would most definitely do it.  

 

On 1/13/2023 at 4:32 AM, jimbo_7071 said:

I prefer old-label books because I dislike pressing, but most expensive old-label books that are upgradable have probably  already been upgraded. That comic is probably the nicest existing copy, but the 9.6 grade was generous. People talk about old-label goodness, but my own experience has been that grading was somewhat inconsistent in the early days, with just as many loosely-graded books as tightly-graded books.

Being a long-time collector, I actually prefer the old school grading and with this being a CGC 9.6 graded copy done way back in October of 2000 before Heritage arrived on the scene, I am sure this must have been an absolutely beautifully presenting copy in terms of strong colors and gorgeous eye appeal.  With the noted defects listed on this copy though, I somehow doubt it would be receiving the same 9.6 grade if certified today with the current grading standards unless some additional money was thrown into the CCS money pit to feed the insatiable appetite of the CCG ownership group:    

Grader Notes

Bottom Spine Small Crunch
Front Cover Writing
Spine Chip Out
Spine Stress Lines

Edited January 13, 2023 by lou_fine

[jimbo_7071]

On 1/13/2023 at 12:59 PM, lou_fine said:

Didn't realize that this was the featured book on the cover of their catalog, but YES indeed, this would most definitely do it.  

 

Being a long-time collector, I actually prefer the old school grading and with this being a CGC 9.6 graded copy done way back in October of 2000 before Heritage arrived on the scene, I am sure this must have been an absolutely beautifully presenting copy in terms of strong colors and gorgeous eye appeal.  With the noted defects listed on this copy though, I somehow doubt it would be receiving the same 9.6 grade if certified today with the current grading standards unless some additional money was thrown into the CCS money pit to feed the insatiable appetite of the CCG ownership group:    

Grader Notes

Bottom Spine Small Crunch
Front Cover Writing
Spine Chip Out
Spine Stress Lines

I think it would be a 9.2. It wouldn't be penalized for the distibutor coding, but it would be penalized for the other defects listed.

[MasterChief]

On 1/13/2023 at 5:22 AM, tth2 said:

On 1/12/2023 at 6:51 PM, RareHighGrade said:

On 1/12/2023 at 6:38 PM, adamstrange said:

Prices were strong for GA with a number of unexpectedly strong results.

I don't know about the GA selection as a whole, but I can tell you that all of the books I was eyeing went for record breaking prices.

Time to go for Common Low Grade books! 

Not sure about CLG, but this low-grade book is down 30% from its last sale with yesterday’s close.

[lou_fine]

On 1/12/2023 at 11:11 AM, Gotham Kid said:

@lou_fine

I don't keep record but this result seems even weaker than the last ones

Well, Kemo Sabe................being a long term collector myself, it wasn't that many moons ago that we saw a Hulk 181 sell for $59K on CL and we all kind of thought that was rather   since it represented a jump of something like $20K over the previous price points.  

 

On 1/12/2023 at 11:29 AM, Dark Knight said:

Like I said before, it is a $50k book. We'll see if it gets there 

Then again, YIKES though as that's starting to get a whole lot closer to the original purchase price point of my copy and I certainly wouldn't want to find myself in deep doo doo land and end up losing not only my shirt, but also my pants on this book here.  

[lou_fine]

On 1/13/2023 at 6:11 AM, Sauce Dog said:

What I found interesting was that there was a 9.8 SIGNATURE SERIES of the same book that ended at the same time, and it sold for around 10k LESS than the universal copy here.

 

On 1/13/2023 at 6:27 AM, GreatCaesarsGhost said:

The world has spoken 

Not the first time that we've seem this kind of anomaly on a Signature Series book, but if you really think about it, probably not that surprising at all. 

To each their own, but probably nothing more than a case of potential buyers who swim in this deeper end of the pool not really caring too much for "defaced" books that have scrawled handwriting all over the front cover image.    

Edited January 13, 2023 by lou_fine

[lou_fine]

On 1/12/2023 at 2:27 PM, MrBedrock said:

As I said, there were three sales of 9.0 AF 15s at $800K or above in the last six months, including a beautifully centered and registered 9.0 copy at a little over $1 million.

Either my memory must be fading or were these private dealer sales as opposed to public auction sales?  

Can you provide links to these 3 CGC 9.0 sales for over $800K as some boardies besides me also seem to have problems remembering them.  

[MrBedrock]

On 1/13/2023 at 6:24 PM, lou_fine said:

Either my memory must be fading or were these private dealer sales as opposed to public auction sales?  

Can you provide links to these 3 CGC 9.0 sales for over $800K as some boardies besides me also seem to have problems remembering them.  

Well, since they aren't on GPA they must not have happened. One was a ComicLink sale and two were dealer sales.

[Professor K]

I remember this one because it was a Curator and I love Curators. Got a Teen Beat #1 Curator I'm very fond of.

566k in Feb 2021. Pretty sure it would go for more now.   https://www.comiclink.com/auctions/item.asp?id=1457476

 

[tth2]

On 1/14/2023 at 1:28 AM, lou_fine said:

On 1/13/2023 at 11:13 PM, tth2 said:

The buyer of the 9.4 copy that sold on eBay for much less earlier this year should be happy!  

With your emoticon here, are you suggesting that somebody who is The Master when it comes to timing their sales is also just as good at timing their purchases?  

No, not me, unfortunately, but I do know who won it.

On 1/14/2023 at 1:28 AM, lou_fine said:

Nah...........couldn't be since this is a piddly CGC 9.4 graded copy and virtually an universe away from your former CGC 9.6 highest graded copy.  

I've never owned a 9.6 copy of FC 386.  

[tth2]

On 1/14/2023 at 1:50 AM, MrBedrock said:

Possibly so, but books like that - the icons of the hobby - are generally pretty immune to those factors. There might be swings a little this way or that, but for this book I would think the expectation from both the consignor and the auction house was about twice the realized price.

Well known, high profile but common books like AF 15, IH 181, TMNT 1, etc. were probably the most likely recipients of outside money that came into the hobby from crypto, newly rich sports card sellers, etc. during the Pandemic, so it's not surprising that they're the most likely to get hit as that money drains away from the hobby.   

The prices for AF 15 at all levels got insane during the Pandemic, so I think recent prices are much more realistic (in fact, still too high IMO).  Of course, I'm sure that's not much consolation for the seller of the AF 15, but if he bought it pre-Pandemic then he's probably still done very well in absolute terms and the pain is just psychological from unrealistic expectations. 

What will be really interesting to see is if there will be similar falls in GA mega-keys, which might have also been boosted by outside money during the Pandemic but are not nearly as common.

[tth2]

On 1/14/2023 at 2:16 AM, MasterChief said:

Not sure about CLG, but this low-grade book is down 30% from its last sale with yesterday’s close.

Yup, Batman 1 and Captain America 1 are the most common GA mega-keys, so it wouldn't surprise me if low grade copies of those books experience the same deflation we are seeing with SA, BA and CA mega-keys. 

[october]

PL 17 in 5.0 went for $30,000. Not an issue I follow, though I have a midgrade, but that seems super strong.

Edited January 14, 2023 by october

[Gotham Kid]

On 1/14/2023 at 3:29 AM, tth2 said:

Yup, Batman 1 and Captain America 1 are the most common GA mega-keys, so it wouldn't surprise me if low grade copies of those books experience the same deflation we are seeing with SA, BA and CA mega-keys. 

except of course for prices on that Ultimate 4 Spiderman, that defies all logic and sanity.

 

Edited January 14, 2023 by Gotham Kid

[Point Five]

On 1/14/2023 at 11:28 AM, Gotham Kid said:

CA has "keys"

 

[lou_fine]

On 1/13/2023 at 7:14 PM, tth2 said:

I've never owned a 9.6 copy of FC 386.  

My bad as I was getting it confused with your former CGC 9.6 graded coy of FC 178 that you had sold back in the summer of 2021.  

Any idea which one would be worth more in today's marketplace......the single highest 9.6 graded copy of FC 178 or would it be the 9.6 FC 386?  

[lou_fine]

On 1/14/2023 at 7:29 AM, october said:

PL 15 in 5.0 went for $30,000. Not an issue I follow, though I have a midgrade, but that seems super strong.

You actually made me go back to take a look as that indeed would have been a super strong and   price for a mid-grade copy of PL 15.  

Turns out this $30K was for a copy of Phantom Lady 17 which then makes a whole lot more sense here, albeit still a strong price.  

[october]

On 1/14/2023 at 12:30 PM, lou_fine said:

You actually made me go back to take a look as that indeed would have been a super strong and   price for a mid-grade copy of PL 15.  

Turns out this $30K was for a copy of Phantom Lady 17 which then makes a whole lot more sense here, albeit still a strong price.  

Yeah, 17. Told you I didn't follow it!

[lou_fine]

On 1/14/2023 at 10:31 AM, october said:

Yeah, 17. Told you I didn't follow it!

Well, here's hoping the mid-grade issue you have is a PL 17, as opposed to a PL 15 then.