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

[lou_fine]

On 6/22/2023 at 12:40 PM, october said:

Promise bloodbath so far. 

 

On 6/22/2023 at 12:38 PM, Dark Knight said:

I think so far, these sales are more rational and is an indicator that these are what prices should've been like in the first place without all the pumpers, flippers, etc.  Getting back to reality practially!

I think there's clearly two separate markets here as the Promise Collection books should be viewed as an separate entity on its own and not mixed in with the GA market.  

Similar in vein to how there are two separate markets for PLOD books as compared to their Universal counterparts in terms of their rate of return as they certainly seem to be carrying some kind of stigma in some sort of weird inverse realtionship to their overblown hype in their first run.    

[adamstrange]

On 6/22/2023 at 3:20 PM, october said:

Promise Actions taking a beating. 

78: $31,200 to $13,200 

79: $32,400 to $9000

80: $52,800 to $20,400 

 

 

When even the classic covers tank, it's time to put on the parachute.

[lou_fine]

On 6/22/2023 at 12:43 PM, mstrange said:

Not only the Promise Pedigrees. Seeing drops on so.e other books as well.  Guess the "fat lady was too lazy to get off her duff"

Rather surprisingly as I had posted in the Famous Funnies thread, definitely NOT the case with the Frazetta Famous Funnies books as I believe this is the first time that one of them have hit the $30K price point (i.e. the CGC 9.0 graded copy of FF 212) and also the first time that a copy of the much more common FF 209 have even come close to hitting 5-figures, let alone cross the $20K threshold level:    

https://comics.ha.com/itm/golden-age-1938-1955-/science-fiction/famous-funnies-212-eastern-color-1954-cgc-vf-nm-90-cream-to-off-white-pages/a/7340-92073.s?ic16=ViewItem-BrowseTabs-Auction-Archive-ThisAuction-120115

 

https://comics.ha.com/itm/golden-age-1938-1955-/science-fiction/famous-funnies-209-bethlehem-pedigree-eastern-color-1953-cgc-nm-96-off-white-to-white-pages/a/7340-92071.s?ic16=ViewItem-BrowseTabs-Auction-Archive-ThisAuction-120115

[adamstrange]

Have no clue how this particular book was included in the main sale.  (Sold for $630.)

Edited June 22, 2023 by adamstrange

[Gotham Kid]

[mstrange]

On 6/22/2023 at 2:46 PM, lou_fine said:

Rather surprisingly as I had posted in the Famous Funnies thread, definitely NOT the case with the Frazetta Famous Funnies books as I believe this is the first time that one of them have hit the $30K price point (i.e. the CGC 9.0 graded copy of FF 212) and also the first time that a copy of the much more common FF 209 have even come close to hitting 5-figures, let alone cross the $20K threshold level:    

https://comics.ha.com/itm/golden-age-1938-1955-/science-fiction/famous-funnies-212-eastern-color-1954-cgc-vf-nm-90-cream-to-off-white-pages/a/7340-92073.s?ic16=ViewItem-BrowseTabs-Auction-Archive-ThisAuction-120115

 

https://comics.ha.com/itm/golden-age-1938-1955-/science-fiction/famous-funnies-209-bethlehem-pedigree-eastern-color-1953-cgc-nm-96-off-white-to-white-pages/a/7340-92071.s?ic16=ViewItem-BrowseTabs-Auction-Archive-ThisAuction-120115

Sure their was a few surprises but the vast majority went for less than previous sales.  It's definitely a buyers market which is a good thing 

[batman_fan]

Stuff I am watching comes up tomorrow 

[october]

On 6/22/2023 at 4:42 PM, adamstrange said:

When even the classic covers tank, it's time to put on the parachute.

Enjoy! I know your style and how long you have been eyeballing that one. 

[october]

On 6/22/2023 at 4:40 PM, RareHighGrade said:

The Promise books took a bath.  Some relatively rare books, on the other hand, did quite well.  For example, the 9.0 More Fun 10 and 6.0 Zip 22 each went for $20K, and the mid-grade Big Book of Comics went for $15K.

Dynamic 9 did well too. That's a brutally tough issue. 

[adamstrange]

On 6/22/2023 at 5:59 PM, szav said:

Still plenty of crazy that I see.  I think maybe people just moved on from the Promise books to other shiny objects.

 

 

 

 

108K?? There are 4 copies in 9.6 and lots of other high grade file copies.

[Professor K]

On 6/22/2023 at 4:52 PM, batman_fan said:

Marvel Mystery books seem to be doing pretty good

Yeah they all went for a nice chunk, except the 9.2 #12 for 14,400. Not once did I hear the auctioneer say the words Jack or Kirby during bidding. Those two words combined early in the bidding probably would have created a few more bids. It is a Kirby cover possibly inked by Joe or possibly Jack himself. Pretty early Kirby and I think his 1st really great cover. I thought it would go a little higher. 8.0 Larson went for 16,500 last September.

The 8.0 #12 sold for 10,200 today. 

[TheLexLuthorCollection]

On 6/22/2023 at 2:42 PM, adamstrange said:

When even the classic covers tank, it's time to put on the parachute.

As a high grade Action Comics collector I was following today's auction very closely.  The four Promise Collection Action Comics were the ones that appeared in the first Promise auction on June 2021.  That auction was where we saw some real crazy prices.  Subsequent Heritage auctions saw excessive prices but not as insane as the first.  With that said, despite the seller taking a huge bath, the prices. realized for the four Actions sold today were still high compared to the expected market values just prior to the first Promise auction.  

[ThothAmon]

Hello Mama. Seems like a very healthy price for this classic by Brundage. 
 

[Iceman399]

So with everyone saying Goldin isn't the place to auction off big books cause there was 50% haircuts.

I guess Heritage isn't the place to auction off big books cause there was 50% haircuts

[atomised]

Not sure why there always seems to be such delight or thread frenzy when the Promise books crash or sell at a loss.  Good chance the seller could have been a boardie or a collector we've met.  I feel bad for those sellers as they bought into great material and are now seeing losses.  I didn't consign any Promise books into this current auction, fwiw.  That said, it's a great Pedigree and I like those books and own several.  I share the pain when they dip like this.

[tth2]

On 6/23/2023 at 3:20 AM, october said:

Promise Actions taking a beating. 

78: $31,200 to $13,200 

79: $32,400 to $9000

80: $52,800 to $20,400 

 

 

The previous prices paid just become more and more unfathomable.

[tth2]

On 6/23/2023 at 3:40 AM, october said:

Promise bloodbath so far. 

And yet they're STILL way above any price that I'd be willing to pay! 

[tth2]

On 6/23/2023 at 5:50 AM, adamstrange said:

Have no clue how this particular book was included in the main sale.  (Sold for $630.)

Is it residing in your collection now?

[tth2]

On 6/23/2023 at 5:57 AM, batman_fan said:

Stuff I am watching comes up tomorrow 

Stuff I am punishment bidding on comes up tomorrow. 

[tth2]

On 6/23/2023 at 7:29 AM, TheLexLuthorCollection said:

With that said, despite the seller taking a huge bath, the prices. realized for the four Actions sold today were still high compared to the expected market values just prior to the first Promise auction.

I'm sure that will make the seller feel much better.