Are prices still climbing or have they eased up a bit??? 43 43

[WolverineX]

On 8/5/2021 at 11:08 AM, SexyBeast said:

It's been happening for 20 years and is happening right now.

Can we stop it?

[WolverineX]

On 8/5/2021 at 11:18 AM, SexyBeast said:

Nope. Legal in Texas.

So the only way is to not buy from them?

[alexgross.com]

On 8/5/2021 at 8:20 AM, Wolverinex said:

So the only way is to not buy from them?

this is off the main topic, but with heritage i still buy, but i wont proxy bid. if i cant bid live in the auction, then i dont bid. 

[BlackTerror98]

On 4/26/2021 at 3:03 PM, InfantTerrible said:

I've been following IH181, which I think probably the bubbliest book of them all, I noticed that its price has ease up a bit. Peak was late-March, early April, grade 8.5-9 were bought at 12-14K, but lately buyers could bargain for these for 9-11K

I haven't been following other books, so would like to know others observations

It's dropping now

[Spideyham]

Dropping and a lot of people selling

[Robot Man]

On 8/5/2021 at 4:39 PM, alexgross.com said:

this is off the main topic, but with heritage i still buy, but i wont proxy bid. if i cant bid live in the auction, then i dont bid. 

Me neither. I have always been out bid on proxy bids even when super aggressive. Many times by one bid. I have been the high bidder only twice bidding live. And, paid dearly for the opportunity. 

I was going to go for a couple Promise books. Then I realized I didn’t really wanted them that bad and I was just getting sucked into the hype. 

Don’t get me wrong, an amazing collection. But the current frenzy right now tells me my money could be better spent elsewhere. 

Perhaps I will find a couple later that I can bid live on. But I’d better want them pretty bad to spend the time to do so with a reasonable chance of being the high bidder. 

[vheflin]

[GermanFan]

Margin call.

[PKJ]

IH181 and GSX1 pullback will have some get back in on them who had FOMO. 

[jjonahjameson11]

ASM 300 already completed its drop, now climbing upwards again

[Buzzetta]

So this thread got me thinking.  I have known about the NP Gresham account since we discussed it a few years ago.  But then I opened an email this morning. 

I was interested in a couple of pieces of animation art over the weekend and I got this email below.  I wonder if Heritage still employs the services of NP Gresham and makes offers to other participants after the auction if NP Gresham 'wins'.  I wonder if those two items available for purchase were items that Heritage was left holding the bag on after their shill was not outbid. 

 

Edited August 9, 2021 by Buzzetta

[WolverineX]

On 8/9/2021 at 1:26 PM, Buzzetta said:

So this thread got me thinking.  I have known about the NP Gresham account since we discussed it a few years ago.  But then I opened an email this morning. 

I was interested in a couple of pieces of animation art over the weekend and I got this email below.  I wonder if Heritage still employs the services of NP Gresham and makes offers to other participants after the auction if NP Gresham 'wins'.  I wonder if those two items available for purchase were items that Heritage was left holding the bag on after their shill was not outbid. 

 

Seems incredibly reasonable

[Murphman13]

On 8/9/2021 at 12:52 PM, jjonahjameson11 said:

ASM 300 already completed its drop, now climbing upwards again

 

[Maskedvigilante]

I think generally the prices have been eased a bit but you never know what comes next. It's an unpredictable market. 

[Buzzetta]

 

On 8/12/2021 at 4:01 AM, JasonTodd69 said:

I think generally the prices have been eased a bit but you never know what comes next. It's an unpredictable market. 

You would not happen to be or have ever been an Overstreet Advisor would you?  Asking for several friends. 

[spideyfan68]

FF48 in 8.5 dropped from $14.9K in June to most recent sale in August of $11K. 

[WolverineX]

We are on our way down!!

[Key Largo Comics]

Down from all-time highs but still way up from pre-pandemic price levels. A pullback is healthy.

[crassus]

My expectation for the long haul is that the market will stay strong, and my optimism about that is based on the slow build up of a lot of positive fundamentals. The first is the steady growth of all the supporting infrastructure needed to make trading and investing in comics a safe(r) prospect for many people. Its not just that a given book can now routinely be bought and sold for 10k+, it's the fact that this is increasingly accepted as sane by people who don't otherwise collect or care about comics. The surrounding culture has been evolving for decades towards greater mainstream acceptance of both the seriousness and legitimacy of comics, comic art, characters and story telling, and in a related way an acceptance of the increasing values that many put on these experiences as collectibles and nostalgia. So culture and the emergence of conventional investment infrastructure have grown together to reduce risk, increase familiarity and create confidence to support a growing market. 

While this is related to Hollywood and movie speculation it is easy imo to overestimate its influence. There is also a lot of history involved, and as the comic medium evolves and advances it keeps adding to that history, creating more memories and more historically significant books, as each new generation discovers and grows into the medium, and some of those into the market. I see the ups and downs of the movie speculation as "white caps" on an otherwise deep ocean of possibilities. I do expect the hobby and the market to outlive "movie mania", whenever that ends. What constitutes "saturation" is unclear given that the available media platforms keep expanding and everything online, all streaming services, are still starved for content. I could visualize a future where comic influenced or inspired media holds down a certain dependable fraction of the overall pool of concepts and creative writing in the entertainment industry. And finally comics are not a one dimensional trick pony, as they are also historically entangled with Fantasy, Sci-Fi and other speculative literature. Comics carry a lot of fellow travelers, and cross pollination is the norm. As long as there is demand for content generally to feed all these platforms, comics will continue to be big contributors to otherwise billion dollar industries. 

[DC#]

A couple of "soft" numbers I happened to be tracking from the CL auction that just concluded:

GSX 1 9.0 sold for $7.3K  vs 90 day of $8.8k.    April peak of $12.5K ( probably an outlier) with most July sales in mid 8s

Star Wars #1 9.8 - two copies each sold for $4.5K.     90 day is $5.7k, peak $6k in June, and even last Ebay sale in Aug was $5.7k.   

ASM #252 9.8 (direct edition) - sold for $1.4K.   90 day is $1.8k, peak of $2k in early June (ignoring a $2.4K outlier in July which was also probably a newsstand) with most August sales being in the $1.6k-$1.7k range.   

Edited August 13, 2021 by DC#