Hollywood1892 Posted May 21, 2020 Share Posted May 21, 2020 8 minutes ago, 1950's war comics said: he has a Daredevil #4 for sale in 9.8 ! only four graded and now he has has the fifth !! Lucky Guy! Link to comment Share on other sites More sharing options...
Shadow Images Posted May 21, 2020 Share Posted May 21, 2020 There is a whole lot of people getting more money than they normally would out of this mess. So I wouldn't call it a buyers market in comics or toys. Number 6 1 Link to comment Share on other sites More sharing options...
Myowncollector Posted May 22, 2020 Share Posted May 22, 2020 Been following comic connect. Haven't seen a good deal on any keys. A lot of common ones are going for higher than Ebay prices. I don't know what the ST 89 hammered for. With 10 minutes left it was a grand under but my friend is looking for one and neither one of us thought it was a 8.0 so he passed. Only thing I even clicked on. Even 25% off isnt getting my business. I can easily see market coming down on a lot of books, but not until August at earliest. Probably another stimulus check coming. Link to comment Share on other sites More sharing options...
lou_fine Posted May 22, 2020 Share Posted May 22, 2020 On 5/19/2020 at 6:18 AM, Hollywood1892 said: Well for example before a sale on HA a 9.8 of ASM 50 was $34,000 because of the sales premium on HA after auction the book was $58,000. Not sure what kind of arithmetic or math you are using here if you are referring to a hammer price of $34K and then a final price of $58K? Especially since the Heritage BP is only 20% which would bring it up to $40,800 which would then require taxes of 42% to bring it up to your $58K final total. Link to comment Share on other sites More sharing options...
lou_fine Posted May 22, 2020 Share Posted May 22, 2020 On 5/20/2020 at 7:55 AM, theCapraAegagrus said: On 5/20/2020 at 7:53 AM, Hollywood1892 said: Where in that entire article was pandemics or recessions mentioned? That is the entire point of this thread Even when there is no pandemic those threats will still exists, those threats will always exists, but if your in the game for a quick flip, best of luck Your assertion: "...the value of collectibles arent affected by the downturn in a market the same way stocks are..." And yet during this pandemic and current high unemployment situation, the stock markets are back within 10% or in the case of the Nasdaq, only a few percentage points away from their all-time highs once again. Myowncollector 1 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 (edited) 57 minutes ago, lou_fine said: Not sure what kind of arithmetic or math you are using here if you are referring to a hammer price of $34K and then a final price of $58K? Especially since the Heritage BP is only 20% which would bring it up to $40,800 which would then require taxes of 42% to bring it up to your $58K final total. No! The book sold at Heritage for 58k I have no idea the buyers premium or final hammer price...but prior to that the highest 9.8 sold for 34K (no idea where that particular book sold, so it is 2 different copies of the same book) Just like a Jimmy olsen 134 9.8 was 4K a few months ago then a copy sold for 16K changing the FMV of the book... Or a TMNT 1 selling for 90K when once FMV on the book was 34K The ASM 50 sold for 58K during Covid19 Having gone back and re read my post, I should have been clearer Edited May 22, 2020 by Hollywood1892 The-Collector and lou_fine 1 1 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 47 minutes ago, lou_fine said: And yet during this pandemic and current high unemployment situation, the stock markets are back within 10% or in the case of the Nasdaq, only a few percentage points away from their all-time highs once again. Sounds like recessions are going to happen when they want to happen not when we think they are going to happen Myowncollector 1 Link to comment Share on other sites More sharing options...
DavidTheDavid Posted May 22, 2020 Share Posted May 22, 2020 9 hours ago, Hollywood1892 said: Sounds like recessions are going to happen when they want to happen not when we think they are going to happen Hypostitization. Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 8 minutes ago, DavidTheDavid said: Hypostitization. What I said or the fact there is a recession? Link to comment Share on other sites More sharing options...
DavidTheDavid Posted May 22, 2020 Share Posted May 22, 2020 (edited) 14 minutes ago, Hollywood1892 said: What I said or the fact there is a recession? Recessions aren't capable of happening when they want to happen. They aren't sitting around with their peers discussing timing. I suspect you meant something else. For what it's worth, economists have noted that we've been due for a recession the last couple of years, but the bull market kept defying that. It wasn't a matter of if, it was just when and how. Scientists have been warning of a pandemic since ebola and SARS. Also not a matter of if, but when and how. I consume a lot of news, and it was evident in December that this pandemic was coming. Unfortunately, leaders from top to bottom did little to nothing about it. For those people who do long-term planning for this kind of thing, they don't know precisely when, but they know it's coming sooner or later. Large companies have risk managers who develop disaster readiness plans. Governments do this, too, of course. How well either of those entities do it is another question, and not really the concern on this particular point. Edited May 22, 2020 by DavidTheDavid Hollywood1892 1 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 15 minutes ago, DavidTheDavid said: Recessions aren't capable of happening when they want to happen. They aren't sitting around with their peers discussing timing. I suspect you meant something else. For what it's worth, economists have noted that we've been due for a recession the last couple of years, but the bull market kept defying that. It wasn't a matter of if, it was just when and how. Scientists have been warning of a pandemic since ebola and SARS. Also not a matter of if, but when and how. I consume a lot of news, and it was evident in December that this pandemic was coming. Unfortunately, leaders from top to bottom did little to nothing about it. For those people who do long-term planning for this kind of thing, they don't know precisely when, but they know it's coming sooner or later. Large companies have risk managers who develop disaster readiness plans. Governments do this, too, of course. How well either of those entities do it is another question, and not really the concern on this particular point. What I meant was a recession will occur but might not neccesarily be attributed to the pandemic I am on the periphery of economics, which means I understand a few things but not the entire scope, nor do I claim to know it ie I've read Friedman, Ayn Rand, Adam Smith, Jim Kramer ect ect As I have stated before I don't think the value of collectibles will be affected in the same way as stocks/bonds/GICs/RRSPs/401ks, because it is on the other end of the spectrum from the 'needs' of our society versus the 'wants'. I think people will buy less if there is a downturn in the economy, and that impacts the seller more then the buyer. A LCS is affected in a prosperous economy by its overhead costs, but it will be devastated by a recession, so will sellers relying on their products, but people who can sit on their collections won't be. The FMV will be affected only when people start selling their comics to survive I'm not sure of the chaotic nature of collectibles compared to say Fusion Energy or other forms of technology Link to comment Share on other sites More sharing options...
DavidTheDavid Posted May 22, 2020 Share Posted May 22, 2020 I would love for a real economist to study this. I anticipate volumes of research related to the pandemic for years to come across all fields of human activity. Hopefully, someone with expertise takes up collectibles. Hollywood1892 1 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 1 hour ago, DavidTheDavid said: I would love for a real economist to study this. I anticipate volumes of research related to the pandemic for years to come across all fields of human activity. Hopefully, someone with expertise takes up collectibles. I would too, speculation causes nothing but fear Link to comment Share on other sites More sharing options...
DavidTheDavid Posted May 22, 2020 Share Posted May 22, 2020 4 minutes ago, Hollywood1892 said: I would too, speculation causes nothing but fear Only for the fearful imho. Those who can engage in thoughtful, informed speculation with an understanding of the limits around that speculation: those people can have fruitful conversations. lizards2 and Hollywood1892 2 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 (edited) 52 minutes ago, DavidTheDavid said: Only for the fearful imho. Those who can engage in thoughtful, informed speculation with an understanding of the limits around that speculation: those people can have fruitful conversations. Exactly... I myself have continued to collect during these times...I've focused mostly on silverage and actually I have purchased about 6 books during the pandemic 1 copper 5 Silverage And out of the 6 5 of them have been Spidey first appearances of villains Edited May 22, 2020 by Hollywood1892 Link to comment Share on other sites More sharing options...
DavidTheDavid Posted May 22, 2020 Share Posted May 22, 2020 I've purchased way too many. More than my usual imprudence already allows. Lots of good deals. Like I said earlier, no screaming deals, but ones worth grabbing for me. I'm buying for my collection, not to flip, so I'm happy to let them ride out what I still anticipate being a downturn in the coming months. Hollywood1892 1 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted May 22, 2020 Share Posted May 22, 2020 35 minutes ago, DavidTheDavid said: I've purchased way too many. More than my usual imprudence already allows. Lots of good deals. Like I said earlier, no screaming deals, but ones worth grabbing for me. I'm buying for my collection, not to flip, so I'm happy to let them ride out what I still anticipate being a downturn in the coming months. Me too Collecting is a long game and I'm patient littledoom 1 Link to comment Share on other sites More sharing options...
romanheart Posted May 23, 2020 Share Posted May 23, 2020 To be clear, the pandemic was the catalyst for bursting the economic bubble, not the cause. Readcomix 1 Link to comment Share on other sites More sharing options...
90sChild Posted May 23, 2020 Share Posted May 23, 2020 (edited) That ASM 50 was $46k hammer and 55k AFTER buyers premium. Boggles my mind prices are 7x higher from 9.4 to 9.8. There's only 7 9.8's on the census and then 14 9.6's and 53 9.4's. Is a 700% difference really justified to be in the top 0.2%tile instead of the top 2.1%tile? The people who buy these are a bit like the people who buy the 2 million dollar special edition Ferrari's instead of buying themselves 10 different Ferrari's for 200k each. It just becomes a "look at me I have the best one ever made" contest... at least with Ferrari's you know how many they made... and there aren't a pile of 9.8's waiting to be graded in someone's closet. Edited May 23, 2020 by 90sChild Hollywood1892 and ADAMANTIUM 2 Link to comment Share on other sites More sharing options...
littledoom Posted May 23, 2020 Share Posted May 23, 2020 (edited) 52 minutes ago, 90sChild said: That ASM 50 was $46k hammer and 55k AFTER buyers premium. Boggles my mind prices are 7x higher from 9.4 to 9.8. There's only 7 9.8's on the census and then 14 9.6's and 53 9.4's. Is a 700% difference really justified to be in the top 0.2%tile instead of the top 2.1%tile? The people who buy these are a bit like the people who buy the 2 million dollar special edition Ferrari's instead of buying themselves 10 different Ferrari's for 200k each. It just becomes a "look at me I have the best one ever made" contest... at least with Ferrari's you know how many they made... and there aren't a pile of 9.8's waiting to be graded in someone's closet. visually there might not be much noticeable difference from encased slabbed 9.4 to 9.6 to 9.8s.. you're just paying the assigned numeric grade Edited May 23, 2020 by littledoom Hollywood1892, lou_fine and SkOw 2 1 Link to comment Share on other sites More sharing options...