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Market correction , will we see any effect on comics?
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Started by WolverineX,

476 posts in this topic

ThothAmon

ThothAmon

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Fortunately my coronabunker is the same place as where I keep most of my comics. I tend to view comic collecting/investing as a 50 year endeavor. Dollar cost average by regularly buying undervalued books and don’t be afraid to take a profit on a book that has appreciated by regularly selling. That way the ups and downs of the market will all come out in the wash. 

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WolverineX

WolverineX

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1 hour ago, Krismusic said:

i think they are trying to curb the panic as its starting to affect many things in general such as supplies resources food, travel, racism etc... As many pointed out and I agreed to a certain point with the media covering these cases and deaths ever hour on the hour its breeding a lot more fear and destructive behaviour than constructive behaviour than informing people to protect themselves and to wash their hands etc.. 

I was listening to a local radio station they had someone hiding out at Eaton's Center in Toronto in the washroom listening and tracking how many people wash their hands... it was bad so many people even after using a public restroom do NOT wash their hands or just run their hands for 1-2 secs without soap under the water.. :sick::sick::sick: but instead of practicing better prevention techniques people are just running around in a panic emptying grocery shelves buying up masks, gloves and eye wear.. I mean I am all for safety as well.. but reporting this all the time and scaring people is creating more problems than help. 

 

1 hour ago, GreatCaesarsGhost said:

A skeptic may say that indicates a greater concern for the Dow than the people 

This. 

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Krismusic

Krismusic

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who has seen the movie Contagion... this is the exact plot too... I remember watching this movie in 2011 and hoping something like this never happened... Little do I know 2020, 9 years later.

https://www.imdb.com/title/tt1598778/plotsummary

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James J Johnson

James J Johnson

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1 hour ago, RANDOM ACTS said:

I am going with movie hype as to why the market is down. I was checking the GPA and just about all keys are down 10 % or more from 2018. Of course there are a few outliers. A good majority keys are down, even keys that I thought were bullet proof like Incredible Hulk#181 and AF#15 seem to be slowing down.

When they said Avengers Endgame was going to be the end I think it was also the beginning of the end of hollywood hype for a lot of the keys of comics.

 

10% also represents just about what the extra cost of buying a book on ebay would be for many, as of 2019!! You have to consider that many ebay buyers, and let's face it, that's the lion's share of the data compiled by GPA has it's basis in, are adjusting their bids to take into consideration being hit with a 6 to 10% sales tax expense on their purchases that they didn't have in 2018! Un those cases, the bids might be less than in 2018, but the out of pocket cost is the same.

Edited by James J Johnson
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Bookery

Bookery

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On 3/3/2020 at 3:06 PM, LordRahl said:

The crash of 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 is upon us. Maybe. And then again it could be as the last 18 years have gone... nothing to see here.

Well, it could be argued that the market "crashed" in all of the above years.

Of course, "crash" is a loaded term.  Flash-in-the-pans like "Beanie Babies" prices can crash.  "Teddie Ruxpin" prices can crash.  But long-established collectibles markets rarely "crash" ... they just fade away.  What year did the market crash for western comics?  What year did the market crash for platinum-age?  What year did the market crash for BLBs?  What year did the market crash for funny animal comics?  What year did the market crash for Classics Illustrated?  What year did the market crash for TV and Movie comics?  All of those were reasonable markets when I opened my shop in the 1980s... a number of regular collectors for all of those areas.  Now... not so much. 

The market has consolidated ever-more into pretty much just super-heroes and horror books.  And lately, it's consolidated even further into primarily just "key issues" or ultra-high grades in those areas.  Just how are those mid-'60s Supermans, Aquamans, House of Mysteries, etc., etc., selling for you?  Yes... high-grades and certain covers may keep rising.  But thousands of non-key mid-grade issues have fallen or not kept up with inflation during the years you list above.  My new comics sales are less than half of what they were in 2002... and that's when they were cover-priced at a fraction of what they are now.  What Amazing Fantasy and Action #1 sell for is irrelevant.  They don't make a "market".  Do you think the next generation of comic fans, if there are any, will want to pay a big premium for an issue because it's the 1st appearance of a character who appeared in a movie that they will never watch because it's over 20 years old?  The movie-hero boom has sparked massive increases in some back-issue collectibles... but the movie success has not translated into major increases in new comics sales.  So it's not really fair to disparage the market-bears out of hand... because to some extent, they have always been (at least partially) correct.

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lizards2

lizards2

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23 hours ago, ThothAmon said:

Fortunately my coronabunker is the same place as where I keep most of my comics. I tend to view comic collecting/investing as a 50 year endeavor. Dollar cost average by regularly buying undervalued books and don’t be afraid to take a profit on a book that has appreciated by regularly selling. That way the ups and downs of the market will all come out in the wash. 

Make sure you fully fumigate all incoming purchases, and wipe them down with bleach, to kill the corona virus before it enters your bunker. I don't think they've ruled out transmission via plastics yet.

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