So, Why Has AF #15 Continued to Drop In Value? 8 8

[Dark Knight]

Just now, Batmanis#1 said:

See no more bids ended at $795 000 + whatever taxes.

 How about that

[GreatCaesarsGhost]

[Dark Knight]

Pretty gal sitting below the TV.  I'd be distracted 

[Dark Knight]

1 minute ago, Batmanis#1 said:

Hahaha yeah my $1 million dollar was to much for the book in 2020.

Scale it back a few years and you may get your $1 million 

[LDarkseid1]

2 minutes ago, Batmanis#1 said:

What was the previous highest price paid for a 9.4? And year it sold?

I believe it was this one.

[LDarkseid1]

1 minute ago, Batmanis#1 said:

Not bad for 4 years guess next will be $1 million or a tad more in a few years from now.

Most recent comparable copy was a 9.2 I believe, that sold I think on CC for around $600K. So just not sure how strong this sale was considering what the 9.2 went for. But who knows lol.

[Dark Knight]

I thought there was a $1 million 9.4 copy private sale somewhere? 

[Dark Knight]

32 minutes ago, Batmanis#1 said:

Still the 5.0 and 7.0 to be auctioned they are both not the best for the grades (paper quality and the stamp saying paid on the 7.0).

But how much sales taxes would be on the 9.4 that could bring it close to $1 million dollars?

I could be wrong, but there might be a few states left where there are no sales tax to be paid to Heritage

[Dark Knight]

Also if you have a sales tax resale certificate you don't pay for taxes

[NoMan]

46 minutes ago, GreatCaesarsGhost said:

so there is a cut off on internet bidding and it goes to the floor? If no one challenges the largest internet bid, then the floor bidding stops. Prolly pretty exciting to be there. Kinda cool. Maybe the comic could be destroyed right after the sale, like that Banski stunt that nobody at Sotheby's was in on (cough, cough)

[NoMan]

42 minutes ago, Batmanis#1 said:

Still the 5.0 and 7.0 to be auctioned they are both not the best for the grades (paper quality and the stamp saying paid on the 7.0).

But how much sales taxes would be on the 9.4 that could bring it close to $1 million dollars?

I was wondering about that 7.0 with the "Paid" date stamp. Gotta see what that went for. Was going for 55K last I looked. People don't seem to like it. I thought it was sweet!

[valiantman]

21 hours ago, Batmanis#1 said:

21 hours ago, NoMan said:

I'm old enough to know how the world works, however, it still at times hard for me to wrap my head around that kind of money for a comic book. This is now a slight on comics, key comics, AF15, the state of the hobby or anything other than that's a lot of cash.

Yes for me and you (and many others) but to some it is very little money. Paintings selling for $100 millions of dollars. I know paintings are 1/1 but still.

Don't compare it to paintings.  Compare it to Andy Warhol prints (not 1/1), except this pop culture started its life as a 12 cent comic, not as a collector's item from the first day. 

[namisgr]

1 hour ago, Batmanis#1 said:

Hahaha yeah my $1 million dollar was to much for the book in 2020. Still a new record price for the grade. So not to shabby with all the mess going on in the world right now.

ComicConnect sold a 9.6 copy nine years ago for $1.1 million.

https://www.bleedingcool.com/2011/03/08/spider-man-shocker-best-known-copy-of-amazing-fantasy-15-goes-for-1-1-million/

Edited March 5, 2020 by namisgr

[peewee22]

795k is not chump change. Great finish. With better centering/wrap a 9.4 could fetch close to a mil. That's incredible. 

[valiantman]

5 minutes ago, Batmanis#1 said:

10 minutes ago, namisgr said:

ComicConnect sold a 9.6 copy nearly ten years ago for $1.1 million.

Wonder what that is worth now? Thing is most of these high grade books will stay in peoples collections for decades or longer.

Hard to say what a March 2011 sale for $1.1 million would bring today.  It was the single highest graded copy at the time.  Now there are four, but the 9.4 just sold for $800K... so... 

All we know for sure is that $1.1 million of bitcoin in March 2011 (as an alternative investment) would now be worth $10 billion.  Seriously, double-check me, if you don't believe it. 

[NoMan]

13 minutes ago, Batmanis#1 said:

Wonder what that is worth now? Thing is most of these high grade books will stay in peoples collections for decades or longer.

one would think, but the HG AF15s just a keep a commen' 

[LDarkseid1]

55 minutes ago, valiantman said:

Hard to say what a March 2011 sale for $1.1 million would bring today.  It was the single highest graded copy at the time.  Now there are four, but the 9.4 just sold for $800K... so... 

All we know for sure is that $1.1 million of bitcoin in March 2011 (as an alternative investment) would now be worth $10 billion.  Seriously, double-check me, if you don't believe it. 

Well and you have to remember that 2011 sale was a buy it now situation, wasn't an auction sale. No telling what a 9.6 at auction might do. And I just mean I think the general consensus is it would sell for a decent amount more than that 2011 sale. Not necessarily though. With more being graded now, and a 9.4 selling for just shy of $800K, it could very well sell for just over 1 mil at auction. Not sure any of those 9.6 owners will ever let us get the chance to find out though haha.

[LDarkseid1]

1 hour ago, Batmanis#1 said:

CGC 7.0 with cream to off-white pages and Paid stamp on cover sold for what I though it would go for $81 000.

https://comics.ha.com/itm/silver-age-1956-1969-/superhero/amazing-fantasy-15-marvel-1962-cgc-fn-vf-70-cream-to-off-white-pages/a/7224-92113.s

I remember when a 7.0, with cream to off-white page quality or better was a $100K book and up all day, at auction or not. Oh the times have changed for AF15. The sellers with 6.0's and 6.5's on ebay asking $90K and up, whether with or without the offer option will be waiting a while for those to sell.

[LDarkseid1]

4 minutes ago, Batmanis#1 said:

Still think a super nice 7.0 with better paper quality can still bring 100k. But yes it has gone down. But like many here I believe it will go back up. This time hopefully at a slower but steady pace.

Maybe, AF15 has been on the decline for quite some time, but just like anything could go back up. And agreed a super nice 7.0 with better pq could definitely sell for a premium. I just think it's leveled off like Gator and others have said was coming.

[Dark Knight]

Nothing is immune