linmoth Posted June 18, 2021 Share Posted June 18, 2021 I had 2 books in the auction that did pretty well not like Tim. I also built a nice war chest to bid on some of the Promise books, but after looking at the hi res photos I couldn’t pull the trigger on the books. Dust shadows and miss-cuts just turned me off! SOTIcollector and Tsp99 2 Link to comment Share on other sites More sharing options...
VintageComics Posted June 18, 2021 Share Posted June 18, 2021 2 hours ago, lou_fine said: Kind of sad to see the once in-demand Cap 3 Red Skull classic cover books was unable to get even a single additional bid in the live auction: Glue notation, tape notation, bug chew. I'm not sure I'd use that copy as one to set a baseline on. What, are ya' new to comics? Link to comment Share on other sites More sharing options...
Sarg Posted June 18, 2021 Share Posted June 18, 2021 Mask #1 $102,000 jimjum12 and drbanner 1 1 Link to comment Share on other sites More sharing options...
Pantodude Posted June 18, 2021 Share Posted June 18, 2021 (edited) Correct me if I'm wrong, but I thought the Mile High/Church pedigree premium (like Denver's, etc.), whatever it is, developed over time as folks debated, compared and confirmed the generally superior quality. I am assuming it was a modest premium at first, which grew as the perceived quality withstood the test of time. Wierd thing here is how high the Promise books went for, invariably multiples of perceived FMV wasn't it? And did so despite being a new pedigree for which, more often than not, the initial consensus on these boards has been the apparent over-grading and less-than-ideal presentation of many covers (particularly due to pretty significant sun shading and toning, and some miscuts, and even a 1"+ tear on the front cover of a supposed 8.5!). If that consensus is correct, I would have thought that the observed presentation issues would have negated THIS newbie pedigree's premium, much like the pedigrees that no longer command a significant premium today. Some Promise books looked great, so not talking about those. Add to that the fact that the Promise pedigree had not yet earned its stripes/respect like the Church, Denver, etc. pedigrees have, and today's results were a bit of a head-scratcher. I dunno. Just something does not feel right about the valuations throughout Session 3, which ought to be associated with a pedigree of legendary status, which takes TIME to earn (if I'm not mistaken). Edited June 18, 2021 by Pantodude jimjum12, Larryw7, jimbo_7071 and 1 other 3 1 Link to comment Share on other sites More sharing options...
Popular Post Mmehdy Posted June 18, 2021 Popular Post Share Posted June 18, 2021 (edited) 6 minutes ago, Pantodude said: Correct me if I'm wrong, but I thought the Mile High/Church pedigree premium (like Denver's, etc.), whatever it is, developed over time as folks debated, compared and confirmed the generally superior quality. I am assuming it was a modest premium at first, which grew as the perceived quality withstood the test of time. Wierd thing here is how high the Promise books went for, invariably multiples of perceived FMV wasn't it? And did so despite being a new pedigree for which, more often than not, the initial consensus on these boards has been the apparent over-grading and less-than-ideal presentation of many covers (particularly due to pretty significant sun shading and toning, and some miscuts, and even a 1"+ tear on the front cover of a supposed 8.5!). If that consensus is correct, I would have thought that the observed presentation issues would have negated THIS newbie pedigree's premium, much like the pedigrees that no longer command a significant premium today. Some Promise books looked great, so not talking about those. Add to that the fact that the Promise pedigree had not yet earned its stripes/respect like the Church, Denver, etc. pedigrees have, and today's results were a bit of a head-scratcher. I dunno. Just something does not feel right about the valuations throughout Session 3, which ought to be associated with a pedigree of legendary status, which takes TIME to earn (if I'm not mistaken). 3x times guide out of the starting gate for both SF and Church and in some instances even higher, it was unheard of at the time given the GA market and its limitations. They had a major premium from day #1 with a lot of grumbling from the "old school" collectors at the time. Edited June 18, 2021 by Mmehdy Peter G, Pantodude, szucchini and 3 others 5 1 Link to comment Share on other sites More sharing options...
Popular Post adamstrange Posted June 19, 2021 Popular Post Share Posted June 19, 2021 16 minutes ago, Pantodude said: If that consensus is correct, I would have thought that the observed presentation issues would have negated THIS newbie pedigree's premium, much like the pedigrees that no longer command a significant premium today. Only a tiny, tiny, tiny minority of the collecting community pays attention to the Boards. As is usually the case, buyers paid for the label, not the book. Randall Dowling, tabcom, Peter G and 4 others 6 1 Link to comment Share on other sites More sharing options...
Pantodude Posted June 19, 2021 Share Posted June 19, 2021 (edited) For all I know, most of the books could be great examples for the grade (I didn't check), which means most folks will be very happy with their books. And there's more to the ped than just the actual state of the book, like the Okinawa Okajima ped. So I'm going to be optimistic and assume we have a legit new heavyweight ped (until shown otherwise), and that's exciting. Anything that actually enriches or adds interesting layers to the hobby is a good thing, even if I can't afford it myself! Edited June 19, 2021 by Pantodude typo buttock 1 Link to comment Share on other sites More sharing options...
comicjack Posted June 19, 2021 Share Posted June 19, 2021 1 hour ago, Sarg said: Mask #1 $102,000 Small house in the midwest Courageous Cat and Point Five 2 Link to comment Share on other sites More sharing options...
thehumantorch Posted June 19, 2021 Share Posted June 19, 2021 4 minutes ago, comicjack said: Small house in the midwest There are a lot more small houses in the midwest than Mask Comics in that grade.... comicjack, tth2, Black Bat and 1 other 4 Link to comment Share on other sites More sharing options...
Popular Post sagii Posted June 19, 2021 Popular Post Share Posted June 19, 2021 Don't think i have ever seen anything like it.. Crazy prices, but super congrats to the collectors who managed to snag any of these Unlike the Berk auction though, I'm of the mind anyone 'flipping' or 'cashing out' on most of these most likely won't make a profit if done in two years or less, and will have to settle with a small loss if lucky Courageous Cat, comicjack, jimbo_7071 and 3 others 4 2 Link to comment Share on other sites More sharing options...
Professor K Posted June 19, 2021 Share Posted June 19, 2021 Just looked at all todays final hammers. Unbelievable. Courageous Cat 1 Link to comment Share on other sites More sharing options...
adamstrange Posted June 19, 2021 Share Posted June 19, 2021 23 minutes ago, Pantodude said: Anything that actually enriches or adds interesting layers to the hobby is a good thing, even if I can't afford it myself! Link to comment Share on other sites More sharing options...
Dark Knight Posted June 19, 2021 Share Posted June 19, 2021 Min. 5 years hold time for the winners of these Promise books. Better 10 years in my opinion. Anything less they could end up losing $ of selling. I'm curious to see if these multiples of guide prices can he sustained until the last of the Promise books have been sold. aardvark88, sagii, Courageous Cat and 1 other 2 1 1 Link to comment Share on other sites More sharing options...
Cat-Man_America Posted June 19, 2021 Share Posted June 19, 2021 (edited) 22 minutes ago, Dark Knight said: Min. 5 years hold time for the winners of these Promise books. Better 10 years in my opinion. Anything less they could end up losing $ of selling. I'm curious to see if these multiples of guide prices can he sustained until the last of the Promise books have been sold. A lot will hinge on whether the prestige of the Promise Collection pedigree takes on a similar cachet to the Church collection ...the story of the two brothers certainly suggests it might. Also, whether the top grades hold up as highest ...most will, but some may not. The only other variable is that long "promised" pedigree book which would favorably impact the value of pedigreed books generally and one like this in particular. Each of these things are potential game changers in respect to cash values, but no one's holding their breath on that last one. Edited June 19, 2021 by Cat-Man_America Larryw7 and aardvark88 1 1 Link to comment Share on other sites More sharing options...
Dark Knight Posted June 19, 2021 Share Posted June 19, 2021 Looks like the uber long awaited Pedigree Book would be delayed once more since the Promise collection needs to be added I'm there too I assume. Yeah I agree the story about this Pedigree should be around the level of the Church and other prestigious pedigrees we've seen. Just the "gift grades" given to some of these book bug me. I'm sure a few should not be even the highest graded because of that, technically. jimbo_7071 and D84 2 Link to comment Share on other sites More sharing options...
Black Bat Posted June 19, 2021 Share Posted June 19, 2021 It's going to be hard to flip these with what, 3000 more pedigree books waiting in the wings? 300? Did I read that somewhere? People gonna want to be saving for those I think. Also, I'm sorry but the pedigree story kinda smells fishy to me. "Promise me you'll save my comics!" Puhleeze. Courageous Cat, comicjack and D84 2 1 Link to comment Share on other sites More sharing options...
Tri-Color Brian Posted June 19, 2021 Share Posted June 19, 2021 (edited) 17 minutes ago, Black Bat said: It's going to be hard to flip these with what, 3000 more pedigree books waiting in the wings? 300? Did I read that somewhere? People gonna want to be saving for those I think. Also, I'm sorry but the pedigree story kinda smells fishy to me. "Promise me you'll save my comics!" Puhleeze. Kinda hard to believe any Pedigree story where the names and details have been left out... For the same reason, and lack of other info, I don't necessarily buy the Tom Reily/SF Pedigree story either... Edited June 19, 2021 by Tri-ColorBrian Peter G and Courageous Cat 2 Link to comment Share on other sites More sharing options...
thehumantorch Posted June 19, 2021 Share Posted June 19, 2021 50 minutes ago, Dark Knight said: Looks like the uber long awaited Pedigree Book would be delayed once more since the Promise collection needs to be added I'm there too I assume. Pedigree book Dark Knight 1 Link to comment Share on other sites More sharing options...
Professor K Posted June 19, 2021 Share Posted June 19, 2021 (edited) 15 hours ago, Black Bat said: It's going to be hard to flip these with what, 3000 more pedigree books waiting in the wings? 300? Did I read that somewhere? People gonna want to be saving for those I think. Also, I'm sorry but the pedigree story kinda smells fishy to me. "Promise me you'll save my comics!" Puhleeze. As far a the "Promise me" story, life in our time has made me a skeptic about most things but if the story isn't true they still must have some kind of backstory and probably an interesting one. I'm inclined to believe the KIA in Korea story but I think we'll never know for sure as the now extremely wealthy heirs to whoever saved these books will probably never go public. Most of the books today hammered at where I expected but some just went nuts. Captain America's 36 and 46 at 204k and 162k is just insane. And many of the Detective Comics and some of the Flash comics prices of non key issues were really high. Edited June 19, 2021 by Professor Chaos Link to comment Share on other sites More sharing options...
buttock Posted June 19, 2021 Share Posted June 19, 2021 You guys focusing on turning a profit are silly. tth2 and comicjack 1 1 Link to comment Share on other sites More sharing options...
