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

[jhm]

On 11/24/2019 at 3:00 PM, lou_fine said:

Being a long term collector myself, I've never quite understood the mentality for buyers to put some of their books back out to market so soon after paying what most likely amounts to top dollar for their book:

Especially when the chance of losing money is quite high after paying top of market like this Wings 90 which sold on one of the CC Event Auctions last year for $4K, but only able to fetch $3K on this go round with Heritage.  

Okay, in this day and age of CPR and flipping, I guess an entire year must seem like a lifetime, but still.  

 

On 11/24/2019 at 3:27 PM, Cat-Man_America said:

Completely agree with this.  Flipping has the unseemly look of day-trading, and it’s anathema to collecting.

For one thing, when the same books immediately reappear in subsequent auctions it leaves the impression of desperation or chasing money.  OTOH, it’s reasonable when a book does much better than expected for other copies in higher and/or lower grade to follow, owners of those books hoping for a big payday in the wake of a trend setting sale.

I don't flip books. I decided to prune and refine my comic collection a bit. I have an 8.5 that's just a nicer looking copy. I'm a big fan of vibrant color and this copy was lacking that. I admittedly overbid on it initially.

I had about 50 books in the HA auction and another 50+ in the upcoming ComicConnect auction. Those who know me know I'm a big fan of transparency. So if anyone is ever wondering what my motivations for selling (or buying) any comic (or the countless other collecting obsessions I have) is welcome to send me an email: jeff@gocollect.com

[jhm]

On 11/24/2019 at 4:42 PM, lou_fine said:

Although the old traditional GGA cover books have been super red hot in this current marketplace, it looks like the new wave of GGA cover books must be even hotter wne a book like this with the much dreaded and usual absolute price killer of having Slightly BRITTLE Pages can still managed to fetch $12K or close to 15X condition guide:      

I never ever knew that GGA (i.e. Good Guy Art ) cover art was so super red hot!!!  

Looks like the Seven Seas 4 girl is going to have to do a bit of fast swimming to catch up to this rather dapper looking gent here.  

This was the single book I was winning at all costs in the auction. I was shocked I had to pay as much as I did, but it's the first decent copy that's crossed my path. If a nicer copy is offered to me I'll likely buy it and push this one back to the masses (and likely take a loss).

[jhm]

On 11/23/2019 at 3:49 AM, lou_fine said:

Don't know anything at all about collectible video games, but it looks like this one here sold for a pretty hefty price:

Managed to hit $75K which seems like quite a bit, but if I remember correctly, the consignor was apparently saying they wouldn't be happy if this one failed to hit 6-figures at the minimum.  

If so, I imagine somebody's not totally happy, although I am not sure how the rest of his Carolina Collection fared in the end.  

 

I was disappointed with this single sale. But overall, I sold about 300 nintendo games for nearly $500,000.

I'm pretty sure I shot myself in the foot on this Mega Man. I told everyone I knew that I would be the high bidder if it went for under $100k. Before the auction began I was kindly asked to trust the system and not bid on it (it would have been the only game I bid on). I agreed not to bid and whomever the new owner is did EXTREMELY well on this purchase. Time will prove that hands down. I have no idea who won it.  Had I not ran my mouth about bidding before-hand I likely wouldn't have scared away a few of the bigger bidders. Lesson learned!

[jhm]

So long as I'm spamming this thread (sorry... saw a lot I wanted to respond to), here's the books I took down 

Most of these were upgrades. Some I bought because they were cheap (GL #2, MF #73). And a couple were bought because I'm a junkie for ultra rare books in high grade - all of those Mile High Champs were unbelievable to see come back to auction again.

I'm just glad you all aren't monitoring my concert poster purchases! 

[tth2]

9 hours ago, lou_fine said:

Being the old school type of collector, I am used to paying much closer to guide (preferably a discount to guide ) and a book would have to hit quite a few targets before I would be willing to pay a huge premium, let along multiples of guide for a particular book.

I've always wondered, if everyone only paid Guide, then wouldn't prices stay at the same level forever?

[tth2]

17 minutes ago, jhm said:

I'm pretty sure I shot myself in the foot on this Mega Man. I told everyone I knew that I would be the high bidder if it went for under $100k. Before the auction began I was kindly asked to trust the system and not bid on it (it would have been the only game I bid on). I agreed not to bid and whomever the new owner is did EXTREMELY well on this purchase. Time will prove that hands down. I have no idea who won it.  Had I not ran my mouth about bidding before-hand I likely wouldn't have scared away a few of the bigger bidders. Lesson learned!

Sorry, just to make sure I understand your post, are you saying that you were ready to shill your own lot?

[jhm]

Just now, tth2 said:

Sorry, just to make sure I understand your post, are you saying that you were ready to shill your own lot?

No - I was ready to hold ownership. My goal (if I would have bid) was not to increase the overall bid, but to buy back at a price that I would have paid had I not been the consignor. It is the only copy that I know to exist. I've been told of 2 others, but have never seen any proof that they exist.

I'm pissed that I don't have it anymore. And I would gladly purchase it back if the new owner wants to quick flip it. It was sold as part of a very large collection that I had already agreed to sell in that historic event. I'm an emotional collector...  and I don't mind admitting that.

I appreciate you asking. This is what I pulled as a good description of shill bidding:

[90sChild]

21 minutes ago, jhm said:

So long as I'm spamming this thread (sorry... saw a lot I wanted to respond to), here's the books I took down 

Most of these were upgrades. Some I bought because they were cheap (GL #2, MF #73). And a couple were bought because I'm a junkie for ultra rare books in high grade - all of those Mile High Champs were unbelievable to see come back to auction again.

I'm just glad you all aren't monitoring my concert poster purchases! 

gocollect is paying quite well I see  nice wins.

[lou_fine]

12 minutes ago, jhm said:

I'm pissed that I don't have it anymore. And I would gladly purchase it back if the new owner wants to quick flip it.

Not sure if this bidder conciously has his Make An Offer button turned on or is this as per usual, automatically done by HA and he simply hasn't turned it off:

https://comics.ha.com/itm/video-games/mega-man-dr-wright-first-release-carolina-collection-wata-94-a-sealed-nes-capcom-1987-usa/a/7212-93030.s?ic4=GalleryView-Thumbnail-071515

You could go on and try to make him an offer since it says "This item's Owner is proactively entertaining Offers". 

[lou_fine]

1 hour ago, jhm said:

I had about 50 books in the HA auction and another 50+ in the upcoming ComicConnect auction.

Nothing for CL on this particular go round, it would appears as it looks like a 50:50 split between HA and CC.  

Based upon your past experiences with selling, are the results from both HA and CC pretty much the same after you factor back out all of the relevant fees?  

Or is it really more on an individual book by book basis?  

BTW: Congrats on that huge $500K Nintendo games sale and best of luck to you on your upcoming CC consignments.  

 

Edited November 26, 2019 by lou_fine

[Point Five]

36 minutes ago, jhm said:

No - I was ready to hold ownership. My goal (if I would have bid) was not to increase the overall bid, but to buy back at a price that I would have paid had I not been the consignor. It is the only copy that I know to exist. I've been told of 2 others, but have never seen any proof that they exist.

I'm pissed that I don't have it anymore. And I would gladly purchase it back if the new owner wants to quick flip it. It was sold as part of a very large collection that I had already agreed to sell in that historic event. I'm an emotional collector...  and I don't mind admitting that.

I appreciate you asking. This is what I pulled as a good description of shill bidding:

FWIW: if I were bidding on a lot and found out that the lot's seller was bidding against me, I'd be pissed. The distinction you're making is not one that would make any difference. 

 

[atomised]

3 hours ago, jhm said:

I was disappointed with this single sale. But overall, I sold about 300 nintendo games for nearly $500,000.

I'm pretty sure I shot myself in the foot on this Mega Man. I told everyone I knew that I would be the high bidder if it went for under $100k. Before the auction began I was kindly asked to trust the system and not bid on it (it would have been the only game I bid on). I agreed not to bid and whomever the new owner is did EXTREMELY well on this purchase. Time will prove that hands down. I have no idea who won it.  Had I not ran my mouth about bidding before-hand I likely wouldn't have scared away a few of the bigger bidders. Lesson learned!

I enjoy when boardies talk about games.  I trust these voices and I've speculated on games so always good to get some insights.

[jhm]

9 hours ago, lou_fine said:

Nothing for CL on this particular go round, it would appears as it looks like a 50:50 split between HA and CC.  

Based upon your past experiences with selling, are the results from both HA and CC pretty much the same after you factor back out all of the relevant fees?  

Or is it really more on an individual book by book basis?  

BTW: Congrats on that huge $500K Nintendo games sale and best of luck to you on your upcoming CC consignments.  

 

In case it's not clear to some, I own GoCollect. Both Heritage and ComicConnect have been a joy to work with on the sales data side of things. I appreciate each of their unique visions for the future of the hobby. I also appreciate the transparency they each offer, which is why I sold through them. I did initially sell the first batch of sealed Carolina Collection games with CL, but ultimately decided to go a different route for personal reasons. There are still a couple thousand more games in the Carolina Collection and I'm not prepared to exclude any sales direction just yet... including a potential, longer-term hold.

Up to this point, I've rarely sold much. I buy far more than I can seem to part with  So I don't have much seller history to speak to. That said, I do a ton of data analysis and both of these companies do a stellar job of maintaining consistent results. If you've got some good stuff to offer, bring them to both companies (and your other favorites) to see how much negotiation there may be available on those fees  But do yourself and your potential sellers a favor by being transparent with them that you're shopping around. Ask each of them when the next auction will be and what else they expect to be included. Then start your data digging. Timing and overall offerings always seem to play a role.

And...thanks for the congrats and well wishes!

[MasterChief]

On 11/24/2019 at 1:34 AM, Ghastly542454 said:

I got 2 big wins! At least they were big wins as far as I’m concerned. With the wins of All Star Comics #2 and #47, I am now only missing #1 to have the complete run of All Star Comics #1-#57.

Congrats on the book. And it's the Detroit Trolley copy to boot! 

[MasterChief]

I lost out on the OA I was gunning for... but was able to walk away with this.

[Ghastly542454]

1 hour ago, MasterChief said:

Congrats on the book. And it's the Detroit Trolley copy to boot! 

What is the Detroit Trolley copy? Is that a pedigree of some kind?

[thunsicker]

On 11/24/2019 at 4:42 PM, path4play said:

There was a thread here once with the highest graded brittle pages books.  I am searching for it presently.

I know there is this website:

Highest Grade for each Page Quality

[MasterChief]

50 minutes ago, Ghastly542454 said:

What is the Detroit Trolley copy? Is that a pedigree of some kind?

It's a collection of original owner comics brought to market in 2005 by Marnin Rosenburg.

Here's the Scoop article for the Detroit Trolley Collection from April 29, 2005.

[Ghastly542454]

28 minutes ago, MasterChief said:

It's a collection of original owner comics brought to market in 2005 by Marnin Rosenburg.

Here's the Scoop article for the Detroit Trolley Collection from April 29, 2005.

Awesome! Thank you! I wonder if the All Star #2 will come with a certificate?

[MasterChief]

44 minutes ago, Ghastly542454 said:

Awesome! Thank you! I wonder if the All Star #2 will come with a certificate?

Let's hope so... but something tells me the certificate may be long gone.

The book you bought is part of an effort to recover ~$9M in embezzled funds. The backstory is a rather sordid tale of a corrupt lawyer and dirty cops. Many links on the web about the case, here's just a few...     

Tadano America comic book embezzler named one of top 10 costliest frauds

Texas Police Accused of Stealing Pricey Comics

Comic Conman, A True Crime Tale of Comic Books, Corruption, and a $9 Million Vanishing Act