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

[Phill the Governor]

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Edited September 28, 2022 by Phill the Governor

[Aman619]

where's that popcorn emoji   wheels, get in motion.

[buttock]

On 9/21/2022 at 8:14 PM, Phill the Governor said:

 

That definitely doesn't sound legal.  

Edited September 28, 2022 by buttock

[squidmo2000]

I giggle at books that always sell for profit within weeks(sometime days) of the last sale.The fix is in,and if you don't believe it,follow CGC serials in GPA,it is rampant......just like the stock market and cyrpto,lol...

[Larryw7]

I bet the winner of the Superman 3 would not be very happy if he knew this.

[THE_BEYONDER]

On 9/21/2022 at 11:18 PM, Aman619 said:

where's that popcorn emoji   wheels, get in motion.

[lou_fine]

And for all you worry warts on the boards here who's crying over the crashing price of their AF 15's, let's hope you've got a copy of Spidey 1 because at least now we know where all of the money is going to:      

https://www.comicconnect.com/item/948566

I guess that QES sticker and short little video by Vinnie must have made all the difference in the world as it sold for almost $200K in Tuesday's evening's CC Event Auction for a mere GC 9.0 graded copy.  

Don't you absolutely hate it when some fool out there outbids you by a mere $5 for your grail of a book since I thought for sure that my last second bid of $170,550 would have won, but I guess that fool must have had a prior bid in there of $170,555 which came out to $196,138.25 with the 15% BP juice in there.  

Edited September 22, 2022 by lou_fine

[rsouxlja7]

I'm beginning to think prices may have eased up a bit.

[WolverineX]

On 9/22/2022 at 10:20 AM, rsouxlja7 said:

I'm beginning to think prices may have eased up a bit.

[MAR1979]

I track over 40 items last 1 year, all except 5 are down month to month.  I track only eBay "real" auction sales no fixed price.  Almost all are 1975-1990 books. From July- Current the drops are 25% or more nearly across the board.

I don't have the data with me to display at moment.   I also do not sell and track mainly out of curiosity.  So it really matters little fiscally to me except as a buyer.

My opinion any non Key of Keys high-ish pop Bronze or Copper still has plenty of room to drop. I will not be surprised if we see certain books fall below March 2020 FMV .  ala BTO "You Ain't Seen Nothin' Yet"

 

Edited September 22, 2022 by MAR1979

[alexgross.com]

On 9/21/2022 at 1:02 PM, Phill the Governor said:

 

From the sidelines, not a single person other than the house can see who owns what and who’s bidding on what.

 

+1 truer words were never spoken about all auction houses and websites. 

[rsouxlja7]

Just updated my collection spreadsheet (around 80 books: mainly golden age Batman, silver age Spider-Man and Batman, bronze age Batman and X-Men, only copper is TMNT). Down 25% since January, right in line with my stock portfolio. 

Edited September 22, 2022 by rsouxlja7

[batman_fan]

On 9/22/2022 at 8:11 AM, lou_fine said:

And for all you worry warts on the boards here who's crying over the crashing price of their AF 15's, let's hope you've got a copy of Spidey 1 because at least now we know where all of the money is going to:      

https://www.comicconnect.com/item/948566

I guess that QES sticker and short little video by Vinnie must have made all the difference in the world as it sold for almost $200K in Tuesday's evening's CC Event Auction for a mere GC 9.0 graded copy.  

Don't you absolutely hate it when some fool out there outbids you by a mere $5 for your grail of a book since I thought for sure that my last second bid of $170,550 would have won, but I guess that fool must have had a prior bid in there of $170,555 which came out to $196,138.25 with the 15% BP juice in there.  

Ask a 9.0, in my humble opinion 

[blazingbob]

On 9/22/2022 at 12:32 PM, alexgross.com said:

+1 truer words were never spoken about all auction houses and websites. 

But as many believe don't the auction house sales represent the "True Market".

Fixed priced sales by Dealers are not a true representation they say.

If I ask $1 million for a book it must be GOD (Greedy Old Dealer) pricing it,  if the auction house sells the same book for $1 Million it is a true reflection of the market because supposedly two "real" bidders wanted it.

 

[PKJ]

On 9/22/2022 at 10:11 AM, lou_fine said:

And for all you worry warts on the boards here who's crying over the crashing price of their AF 15's, let's hope you've got a copy of Spidey 1 because at least now we know where all of the money is going to:      

https://www.comicconnect.com/item/948566

I guess that QES sticker and short little video by Vinnie must have made all the difference in the world as it sold for almost $200K in Tuesday's evening's CC Event Auction for a mere GC 9.0 graded copy.  

Don't you absolutely hate it when some fool out there outbids you by a mere $5 for your grail of a book since I thought for sure that my last second bid of $170,550 would have won, but I guess that fool must have had a prior bid in there of $170,555 which came out to $196,138.25 with the 15% BP juice in there.  

With it being CC you should have been able to bid and counter bid until one of you gives up. I am normally on the give up side.

 

[PKJ]

On 9/22/2022 at 12:45 PM, rsouxlja7 said:

Just updated my collection spreadsheet (around 80 books: mainly golden age Batman, silver age Spider-Man and Batman, bronze age Batman and X-Men, only copper is TMNT). Down 25% since January, right in line with my stock portfolio. 

Is it wrong that I was relieved to see someone with a worse stock portfolio number than myself?

[Gregd]

On 9/22/2022 at 1:32 PM, szav said:

Thanks for sharing.  I'm shocked....that anyone would be surprised by any of this.  It's been my assumption that this sort of thing has been going on forever.  On the one hand I want to not care, because these websites can't make you bid more than you want to, and it should be plainly obvious to pretty much everyone that the way these companies are set up that they're ripe for abuse.

On the other hand, if true, it's definitely unethical, as far as illegal? I don't know.  I've asked the question before (and always get crickets in response), but what sort of oversight is there of these companies.  What certification or auditing do they undergo from any public or private entity, that proves their software is on the up and up, that they can't snoop on people's max bids etc?  None as far as I know, and given the money involved maybe there should be.  

 

Just to be clear we must be talking about big book purchases.

I have bought from Heritage Auctions recently- won books at half gpa, some I lost. I have bid against other board members (I found out after). I have watched books sell for dismal prices and others at records. I have not seen patterns of abuse. Again- we are talking sub $1000 books. 
 

And if I read this thread as a new collector - I would run from the hobby. Hope we don’t scare the very people that are the future of collecting. They should know there are many cool people who sell, great comic shops, sites like MyComicShop that are stellar, and so much to learn about the hobby. Like all things financial- there are always some shenanigans.

[MAR1979]

On 9/22/2022 at 3:55 PM, Gregd said:

Just to be clear we must be talking about big book purchases.

I have bought from Heritage Auctions recently- won books at half gpa, some I lost. I have bid against other board members (I found out after). I have watched books sell for dismal prices and others at records. I have not seen patterns of abuse. Again- we are talking sub $1000 books. 
 

And if I read this thread as a new collector - I would run from the hobby. Hope we don’t scare the very people that are the future of collecting. They should know there are many cool people who sell, great comic shops, sites like MyComicShop that are stellar, and so much to learn about the hobby. Like all things financial- there are always some shenanigans.

Think it depends on who owns the book the house (in disguise) or another entity. then depends on how they play it item by item.  BTW story like yours are probably lower priced lots from average consignees and cast just enough doubt that the rubes will believe the house is not being dishonest. BTW the head of that house has prior convictions!

As for CC I've only bid on 2 items from them it was more than 10 years ago and both of course ended at my exact maximum bid. Its too tiny a sample of course but a very common story with them.

Edited September 22, 2022 by MAR1979

[Bird]

I went on mcs and noticed a "your offers" button, so I clicked it. There I saw the following, take it for what you will.

Last week of May 2022, on mcs there was an IMSM 1 cgc 9.0 listed at $1147 and I offered $950, which he declined. That book is now priced $850. Were we both fools?

[MAR1979]

On 9/22/2022 at 4:11 PM, Bird said:

I went on mcs and noticed a "your offers" button, so I clicked it. There I saw the following, take it for what you will.

Last week of May 2022, on mcs there was an IMSM 1 cgc 9.0 listed at $1147 and I offered $950, which he declined. That book is now priced $850. Were we both fools?

The market is very fluid now and for the most part highly affected by gravity!