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

[Dark Knight]

5 minutes ago, Batmanis#1 said:

10 minutes ago, Dark Knight said:

Nothing is immune

But honestly what do you see long term for SA keys?

I think long term it's a good hold.  Hopefully the market will rebound from this in the near future.

[Dark Knight]

Yeah, I remember Gator mentioning that.  Small gradual increases yearly is healthy for the hobby with some stagnant months/years along the way.  Huge price jumps out of nowhere is not. When that happens, prices will eventually come back down to reality later on.  

[Dark Knight]

Yeah I remember seeing 7.0's in 2017 selling consistently for $120k+

[lou_fine]

On 3/4/2020 at 2:31 PM, NoMan said:

On 3/4/2020 at 2:19 PM, Batmanis#1 said:

Now at $795 000

https://comics.ha.com/itm/silver-age-1956-1969-/superhero/amazing-fantasy-15-marvel-1962-cgc-nm-94-off-white-to-white-pages/a/7224-91050.s?ic4=GalleryView-Thumbnail-071515

I say 1$ million is very much possible.

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 not a slight on comics, comic collectors, key comics, collecting comics, AF15, the state of the hobby or anything other than that's a lot of cash. And yes, I know for some people a million dollars is like the change I keep trying to find in the center console of my Volvo.

 

On 3/4/2020 at 2:43 PM, NoMan said:

HA takes me serious and thinks I'm a Mac-Daddy due to a pricey book I bought a while ago. Therefor, they take my bids seriously. Wonder if I should place a punishment bid on that AF15 9.4? Guess that could go bad for me and I wouldn't be able to keep my word. Also couldn't do that to Barry Sandoval and Ed Jasper (sp?) who've been nothing but cool to me, helping me uncover the history of my book.  Oh well..... having a conscience and good manners is boring sometimes.

Now, aren't you glad that you decided NOT to place that punishment bid on the AF 15 yesterday as that defnitely would NOT have been boring and you probably would have aged several more years by now if you had.    

[lou_fine]

9 hours ago, peewee22 said:

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

Not sure if the auctioneer thought it was a great finish at all, as I had posted in another thread on the GA boards:

28 minutes ago, lou_fine said:

I happen to have some free time this morning, so ended up watching some of the auction action on an off and on basis.

What a contrast between the auction action for the AF 15 as compared to the Donald Duck FC 9.  When it came time for the AF 15 lot, the auctioneer proudly annouced to the attendees that this was the highlight of the entire auction which all of them must have been waiting for.  I then felt embarrased for the poor guy as he stood there like a deer caught in headlights waiting for somebody else (please, please, anybody please!!) to raise the bid above the opening hammer bid of $662.5K.  At first, I found it rather funny that he didn't even know what the next bid increment level was before finally coming up with the $675K figure.  Unfortunately, after standing there for a couple of minutes trying to squeeze a bid (any bid) out of somebody (anybody please), he eventually gave up and declared the book sold at the opening bid of $662.5 and simply moved onto the next lot.  

Contrast that with the DD FC9 which started off at something like $15K and nursed it up to almost the $20K mark and then stated that once it hit this price point the increments would be much higher.  You could see that big smile crossed his face once it did hit the $20K mark and after that, he seem to become quite animated and excited as he kept motioning with his right hand after every bid increment.  It was almost like he was egging the telephone bidder to go up just that one more bid increment until it finally hit the $32K hammer price, and at which point he seem so enthused that I thought he was going to do a little jig around the auction floor before moving onto the next lot.    

 

[Beige]

This may sound harsh,but if you buy say a $50,000 book and then panic if it drops $10,000, you maybe shouldn't have spent $50,000 in the first place.

Is anyone seriously planning to retire by selling a stack of Silver Age Keys?

No. This is (or should be) a collectable hobby where owning the book gives you pleasure when you hold it, read it or show it to friends.

Sure, nobody wants to lose a heap of money, but if the $$$ gain was the reason for buying books, then it's probably the wrong one.

The world is in panic mode, with a new virus, regional conflicts and an unstable stock market.

The flu will run it's course, the survivors will be immune and a vaccine will be found hopefully in a year.

C-Vid19 will be next years seasonal flu.

Things will settle down, toilet paper will be for sale at the shops again, and the world will turn.

Sadly, yes, people will die, and this time there could be quite a lot of fatalities until Govts get to grip with things.

This isn't Ebola,( which is still ongoing in The Congo currently with 2600 deaths and hardly gets a mention funnily enough), the world won't end, and the economy will eventually recover.

Then people can spend money on funny books.

 

In the meantime, tighten your belts,pay your bills and put food in your fridge for your kids. The important things. 

 

 

[VintageComics]

It's frustrating to read all these comments on the internet (both here and social media) that think the 9.4 book sold cheap.

This 9.4 copy sold for $95,000 more than the last 9.4 sold for.

Think about that.

The copies of AF #15 that are selling less than the peak of two years ago ARE STILL SELLING FOR MORE THAN THEY WERE 3 YEARS AGO. A LOT MORE.

2017 was an outlier because a few upgradeable copies set records and then some additional copies went for strong numbers based on those outlier numbers.

I sold a 7.0 for $35K about 8 years ago. Now, 8 years later weak copies are still fetching $80K? And that's a complaint?

People need to stop hyper focusing on what books are selling for month to month, week to week etc. You're losing all perspective, folks.

[NoMan]

5 hours ago, lou_fine said:

 

Now, aren't you glad that you decided NOT to place that punishment bid on the AF 15 yesterday as that defnitely would NOT have been boring and you probably would have aged several more years by now if you had.    

Yeah you’re right. Like I said couldn’t do that to the guys over at HA

guess my punishment bid would have been the winning bid  

oh lordy!

 

 

[lou_fine]

5 hours ago, NoMan said:

11 hours ago, lou_fine said:

Now, aren't you glad that you decided NOT to place that punishment bid on the AF 15 yesterday as that defnitely would NOT have been boring and you probably would have aged several more years by now if you had.    

Yeah you’re right. Like I said couldn’t do that to the guys over at HA

guess my punishment bid would have been the winning bid  

oh lordy!

No worries about the guys over at HA since you'll be too busy running for cover as I can just imagine what your better half might be saying to you right about now.         

You might even be looking for another bed to sleep in as your bags might already be packed and out the front door.  

 

[peewee22]

11 hours ago, lou_fine said:

Not sure if the auctioneer thought it was a great finish at all, as I had posted in another thread on the GA boards:

 

It sounds like the internet bidders squeezed every penny from the book before it entered the floor.

[NoMan]

3 hours ago, lou_fine said:

No worries about the guys over at HA since you'll be too busy running for cover as I can just imagine what your better half might be saying to you right about now.         

You might even be looking for another bed to sleep in as your bags might already be packed and out the front door.  

 

in all seriousness, what happens to a sale of this magnitude if the buyer gets "buyer's remorse" or just splits. I know they've got to kinda know you personally for sales like this, but what if you do skip town. Is it lawsuit time or does the book got to next bidder down, or....  ???

[Randall Dowling]

1 minute ago, NoMan said:

in all seriousness, what happens to a sale of this magnitude if the buyer gets "buyer's remorse" or just splits. I know they've got to kinda know you personally for sales like this, but what if you do skip town. Is it lawsuit time or does the book got to next bidder down, or....

They have men that come visit you and collect what you owe...

[NoMan]

51 minutes ago, Randall Dowling said:

They have men that come visit you and collect what you owe...

Yeah, bro, I don't have it now. Next Week. I swear.

The one (and probably only) time I got a high dollar book from HA they wanted to see a letter from my financial guy stating I was a serious bidder even though I had met them at the HA office in Beverly Hills to talk about the book and I told them then, "I'm going to win that book but I might be in Africa when the auction ends." Guess I don't make a good first impression. When I got home, my wife did tell me that my clothes didn't match and I was wearing two different style of tennis shoes. 

Edited March 6, 2020 by NoMan

[LDarkseid1]

16 hours ago, VintageComics said:

It's frustrating to read all these comments on the internet (both here and social media) that think the 9.4 book sold cheap.

This 9.4 copy sold for $95,000 more than the last 9.4 sold for.

Think about that.

The copies of AF #15 that are selling less than the peak of two years ago ARE STILL SELLING FOR MORE THAN THEY WERE 3 YEARS AGO. A LOT MORE.

2017 was an outlier because a few upgradeable copies set records and then some additional copies went for strong numbers based on those outlier numbers.

I sold a 7.0 for $35K about 8 years ago. Now, 8 years later weak copies are still fetching $80K? And that's a complaint?

People need to stop hyper focusing on what books are selling for month to month, week to week etc. You're losing all perspective, folks.

I'm still confused about this supposed copy that sold for $700K a year ago or so. Where did it sell? Does GPA give any details? It wasn't at auction or on any site for direct purchase. So can only take it with a grain of salt.

Edited March 7, 2020 by LDarkseid1

[sledgehammer]

13 hours ago, LDarkseid1 said:

I'm still confused about this supposed copy that sold for $700K a year ago or so. Where did it sell? Does GPA give any details? It wasn't at auction or on any site for direct purchase. So can only take it with a grain of salt.

It's still, what, $340K more than a copy sold for on Heritage about 4 years ago??

Not to mention $700K more than 17 years ago. Neither is aesthetically flawless.

Edited March 7, 2020 by sledgehammer

[LDarkseid1]

1 hour ago, sledgehammer said:

It's still, what, $340K more than a copy sold for on Heritage about 4 years ago??

Not to mention $700K more than 17 years ago. Neither is aesthetically flawless.

Where did it sell??!!

[sledgehammer]

7 minutes ago, LDarkseid1 said:

Where did it sell??!!

An old label OW sold on Heritage in 2003 for $86K.

[LDarkseid1]

12 minutes ago, sledgehammer said:

An old label OW sold on Heritage in 2003 for $86K.

No I’m asking about the $700K recent sale that people are referencing? A 9.2 sells for $600K at auction not long ago, and someone conveniently nabs a 9.4 for $700K. Come on.

Edited March 7, 2020 by LDarkseid1

[lou_fine]

2 hours ago, LDarkseid1 said:

3 hours ago, sledgehammer said:

An old label OW sold on Heritage in 2003 for $86K.

No I’m asking about the $700K recent sale that people are referencing? A 9.2 sells for $600K at auction not long ago, and someone conveniently nabs a 9.4 for $700K. Come on.

It appears that you are a bit confused about the timing of these 2 transactions here.  

The 9.2 copy which sold for $598K on the CC auction platform took place in the summer of 2019.  According to the Heritage thread on the GA boards, the sale on the 9.4 copy for $705K took place back in 2017 or a couple of years prior to the CC 9.2 sale.  This would then make sense from a pricing point of view relative to the timeline of the sale.  

Not sure where the sale took place, but would assume that it would have been a dealer transaction as GPA also reports on transaction for some of the larger dealers.  

[NoMan]

1 hour ago, lou_fine said:

It appears that you are a bit confused about the timing of these 2 transactions here.  

The 9.2 copy which sold for $598K on the CC auction platform took place in the summer of 2019.  According to the Heritage thread on the GA boards, the sale on the 9.4 copy for $705K took place back in 2017 or a couple of years prior to the CC 9.2 sale.  This would then make sense from a pricing point of view relative to the timeline of the sale.  

Not sure where the sale took place, but would assume that it would have been a dealer transaction as GPA also reports on transaction for some of the larger dealers.  

I admit it. I'm a bit confused.

While I appreciate that you might write a longer, more detailed post with explanations, don't. It's not gonna help me and just kinda waste your time. Too many AF15. Wish they would all burn down, except for one. 

Edited March 7, 2020 by NoMan