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

[Sweet Lou 14]

On 11/9/2023 at 9:17 PM, DC# said:

Another example of how some, more rare collectibles are doing well still.    PSA 10 of a Luke Skywalker "rookie card" just sold for a what I believe is a record $78k.   Only 9 cards at this grade.  Previous high according to PSA site was $55k back in 2021 - and the card was a bargain back in 2019 at $5k-$7k.   

And the only PSA 10 of the rookie sticker went for $58k (last sold in 2018 for under $7k)

 

 

 

Wow.

[postersandstuff]

On 11/9/2023 at 6:20 PM, PopKulture said:

Playboy has been crashing hard for years now. Various issues of Time have held their value solidly, with many new “key” issues arising because of society and technology, like the now-valued Steve Jobs or Bill Gates early covers. The 40s and 50s celebrity and sports star issues are still in demand. 

At one time, many magazines were treasured for their ads, which were commonly framed and used as decor, and that has definitely fallen by the wayside. I haven’t been in anyone’s house for years and seen an Old Dutch ad.  

pre death Bruce Lee memorabilia 1966-73, esp HK mags go for 100-150 even in worn shape.....some really htf ones goes for 100s

80s movie posters , even certain horror vhs posters have value (Ive got the blue TX Chainsaw vhs poster,  its  awesome)

Edited November 10, 2023 by postersandstuff

[MatterEaterLad]

On 11/9/2023 at 7:17 PM, DC# said:

Another example of how some, more rare collectibles are doing well still.    PSA 10 of a Luke Skywalker "rookie card" just sold for a what I believe is a record $78k.   Only 9 cards at this grade.  Previous high according to PSA site was $55k back in 2021 - and the card was a bargain back in 2019 at $5k-$7k.   

And the only PSA 10 of the rookie sticker went for $58k (last sold in 2018 for under $7k)

 

I always forget that I have these (in average condition). They were in a closet. All but Luke, which I put on my lunchbox. 

 

[Number 6]

On 11/9/2023 at 6:17 PM, DC# said:

Another example of how some, more rare collectibles are doing well still.    PSA 10 of a Luke Skywalker "rookie card" just sold for a what I believe is a record $78k.   Only 9 cards at this grade.  Previous high according to PSA site was $55k back in 2021 - and the card was a bargain back in 2019 at $5k-$7k.   

And the only PSA 10 of the rookie sticker went for $58k (last sold in 2018 for under $7k)

 

 

 

Kind of surprised the sticker didn’t sell for more than the card because with the issue of gum stains and printer roller marks, the population on the sticker is going to rise much slower than on the card. 
 

But the whole “rookie” label being applied to non-sports cards is a porting over from sports cards which (talking old-school sports cards) don’t have comparable speciality cards like stickers so I guess that’s why the card is given priority. 
 

Crazy prices either way. 

[ThothAmon]

Ease. My horde stays ungraded. Lol

 

[Superman2006]

On 11/10/2023 at 10:19 AM, Number 6 said:

Kind of surprised the sticker didn’t sell for more than the card because with the issue of gum stains and printer roller marks, the population on the sticker is going to rise much slower than on the card. 
 

But the whole “rookie” label being applied to non-sports cards is a porting over from sports cards which (talking old-school sports cards) don’t have comparable speciality cards like stickers so I guess that’s why the card is given priority. 
 

Crazy prices either way. 

As a couple of sports card examples, 1986 Fleer Michael basketball has a Michael Jordan card and sticker, and 1987 Topps / OPC has a Brett the Hitman Hart card and sticker and in each case I believe the card sells for more than the sticker there as well.

[Number 6]

On 11/10/2023 at 7:39 AM, Superman2006 said:

As a couple of sports card examples, 1986 Fleer Michael basketball has a Michael Jordan card and sticker, and 1987 Topps / OPC has a Brett the Hitman Hart card and sticker and in each case I believe the card sells for more than the sticker there as well.

So the “rookie” phenomenon in non-sports is completely governed by the precedent set in sports regardless of what’s actually rarer. Interesting. 
 

(As you can probably tell, I’m highly skeptical of “rookie” being applied to non-sports cards and think it’s just another ploy to hype cards)

[DC#]

On 11/10/2023 at 8:05 AM, Number 6 said:

So the “rookie” phenomenon in non-sports is completely governed by the precedent set in sports regardless of what’s actually rarer. Interesting. 
 

(As you can probably tell, I’m highly skeptical of “rookie” being applied to non-sports cards and think it’s just another ploy to hype cards)

Even in vintage sports cards the "base" rookie card is almost always worth more than an All-Star, sticker or other special card in the same set in the same year.    And it is not always the case that the base card is an earlier numbered card either.  

One could argue this card (#57) from the same set has a more iconic Luke Skywalker image - but it sells for a fraction of card #1.   #57 has a pop of 17 in PSA 10 vs 9 of the #1 so that is one thing.....but it does seem that collectors have spoken about which is most desirable for whatever reasons.    Sort of like the Hulk #180 vs #181 in comics....the audiences have voted.  

[DC#]

On 11/10/2023 at 6:46 AM, MatterEaterLad said:

I always forget that I have these (in average condition). They were in a closet. All but Luke, which I put on my lunchbox. 

 

There are a lot of miswraps on comics - especially in bronze and copper.   If 9.8s were dependent upon perfect wraps they would be as rare as the PSA 10 Luke Skywalker.    Topps either had no QC or just didn't care back in those days - the amount of miscuts or other visual issues is just staggering.    I opened some 1980 Empire Strikes Back cards in the past year and they had Star Trek The Movie stickers inside vs Star Wars.  

[rsouxlja7]

Let's assume the Fed reduces interest rates in 2024 to 2-3% and the stock market rebounds to 2021 levels or goes higher and the consumer magically has more disposable income. Should we expect comic prices to rise or do you think the fading interest in the MCU is directly related to these plummeting prices? I'm having a hard time seeing prices going back to where they were in 2021 looking at these box office numbers and the upcoming releases for the MCU. 

[mjoeyoung]

On 11/13/2023 at 6:59 AM, rsouxlja7 said:

Let's assume the Fed reduces interest rates in 2024 to 2-3% and the stock market rebounds to 2021 levels or goes higher and the consumer magically has more disposable income. Should we expect comic prices to rise or do you think the fading interest in the MCU is directly related to these plummeting prices? I'm having a hard time seeing prices going back to where they were in 2021 looking at these box office numbers and the upcoming releases for the MCU. 

I don't see a catalyst that will propel values back to 2021 levels in the short term.

I've been away for a few months and the tone of this thread has taken a decidedly negative turn.

Climb aboard my Doom Buggy and learn that, "Wait, There's Worse!" 

-The Fed's reluctance to cause a recession is going to leave the U.S. with high interest rates, above 5%, THROUGH 2024. 

-Americans reluctance to curb spending is going to keep inflation stubbornly high and "sticky" for well into 2024.

-Credit card delinquencies are up, savings rate is down and consumer pessimism is rising.

For the wider comic book market I think there are 3 things holding up prices:

-Intentional shrinking of supply in an attempt to "weather" the current downturn.  No reason to sell at a loss if you don't have to

-Above FMV BIN pricing.

-The "I'm getting a deal" mentality

The last one is the most insidious.  As values fall from the "comic mania" era, and the overall mindset has switched from bull to bear market, everybody has some point at which they feel that prices have fallen far enough that they start buying again, releasing pent-up demand.  The problem is that EVERYONE has a different idea of what that level is!  Some people starting buying at 10% lower prices and values level off for a time until that demand is satisfied.  Then prices start falling again until the people that were waiting for 20% off start buying and again values level off for a time until that demand is satisfied. Repeat and repeat.  The most bullish who bought at 10% off, may also buy at other lower valuations, but after being burned enough, most of them will pull back as well.  Eventually, the "deal" mentality changes to "I'm going to wait because prices keep falling," which accelerates price declines to BELOW pre-boom values.  It is only when there is a broad market consensus that prices are "cheap" that values will start rising again.

[Aman619]

some of the ideas posted about comics being a Boomer thing that will die soon (along with the Boomers) plus - Xers are uninterested in amassing "stuff and/or priced out of the best comics.  I wonder how much the 3 trillion transfer of assets from Boomers will change that equation?  The younger generations will receive it all!  Circumstance will certainly change having received wads of cash and investments!

Boomers get blamed and shamed for hoarding nowadays... when their heirs finally get it, will they even say thank you?

Edited November 14, 2023 by Aman619

[VintageComics]

On 11/13/2023 at 8:59 AM, rsouxlja7 said:

Let's assume the Fed reduces interest rates in 2024 to 2-3% and the stock market rebounds to 2021 levels or goes higher and the consumer magically has more disposable income. Should we expect comic prices to rise or do you think the fading interest in the MCU is directly related to these plummeting prices? I'm having a hard time seeing prices going back to where they were in 2021 looking at these box office numbers and the upcoming releases for the MCU. 

Corrections are bad if you don't understand history, are impatient or are spread too thin. 

Corrections are great for everyone over all, much like old branches and leaves dying to make way for new growth. 

On 11/13/2023 at 10:00 PM, Aman619 said:

 I wonder how much the 3 trillion transfer of assets from Boomers will change that equation?  The younger generations will receive it all!  

How much in Crypto profits were absorbed by the general public in 2021 when Bitcoin holders cashed in? $2 Trillion?

How many trillions were given away by Central Banks during the same period?

And those trillions have grown by smart people who reinvested. 

There is more money in the world than there is to buy things. That's why there's inflation. 

The wealthy are still buying assets at a pace that you can't imagine. I've spoken to them. 

I went to an incredible showcase of music artifacts, collectibles, instruments and such THIS SUMMER. There were kids there in their 20's and 30's buying up everything.

And they were buying to HOLD and borrow against their assets. It was staggering. 

Edited November 14, 2023 by VintageComics

[Buzzetta]

On 11/10/2023 at 11:33 AM, DC# said:

Even in vintage sports cards the "base" rookie card is almost always worth more than an All-Star, sticker or other special card in the same set in the same year.    And it is not always the case that the base card is an earlier numbered card either.  

One could argue this card (#57) from the same set has a more iconic Luke Skywalker image - but it sells for a fraction of card #1.   #57 has a pop of 17 in PSA 10 vs 9 of the #1 so that is one thing.....but it does seem that collectors have spoken about which is most desirable for whatever reasons.    Sort of like the Hulk #180 vs #181 in comics....the audiences have voted.  

Card 1's have also traditionally gotten the bump since the rubber band days of storing your cards as that was the one that was always on top.  That and the checklist at the end.   I can tell you know that.  I wanted to add that for others. 

[mjoeyoung]

Highest graded Promise Collection Batman #37 in 9.6 just sold for $48K in Heritage Auction.  Last sale was $87K.  Quite a haircut.

Superman #1 3.0 CGC 1055241001 sold for $300K, SAME BOOK sold for $360K in June 2023.

Edited November 16, 2023 by mjoeyoung
more

[MAR1979]

On 11/13/2023 at 8:59 AM, rsouxlja7 said:

Let's assume the Fed reduces interest rates in 2024 to 2-3% and the stock market rebounds to 2021 levels or goes higher and the consumer magically has more disposable income. Should we expect comic prices to rise or do you think the fading interest in the MCU is directly related to these plummeting prices? I'm having a hard time seeing prices going back to where they were in 2021 looking at these box office numbers and the upcoming releases for the MCU. 

They won't. 2020/21/early 22 will not occur again in Comics nor Trading Cards. Supplies of most items in high grade have increased due to the bubble and interest has waned. The younger generations with their tiny attention spans have now been there and done that, they won't be doing it again.  Bubbles are seldom good for the long term health in any collectible arena  The potential good news is it may be fun hobby again for those who remain..?

Folks there will always be outliers in any hobby.  Outliers or Hot Comic De Jour in general are not a reflection of a hobby at large.

Edited November 16, 2023 by MAR1979

[MAR1979]

On 11/13/2023 at 10:24 PM, Buzzetta said:

Card 1's have also traditionally gotten the bump since the rubber band days of storing your cards as that was the one that was always on top.  That and the checklist at the end.   I can tell you know that.  I wanted to add that for others. 

Those mid 70's Topps stickers are Hen's tooth tough in High grade due to roller marks occurring during printing, not to mention back of pack sealing damage.  1977 Star Wars is very tough, 1976 Star Trek too, but 1976 Happy Days for example is significantly more difficult above PSA6 (older slabbed 7's).   Yet 1975 and 1976 Marvel Stickers do not suffer that same malady with high grade being the norm  - go figure. 

Please note my comments in this post apply to stickers not cards

BTW:  I'm a long time non-sports collector, pretty much as long as I have been for comics.

Edited November 16, 2023 by MAR1979

[mjoeyoung]

HA auction: Fantastic Four #5 8.0 sold for $22.8K last 2 sales were $31.2K and $33.5K in December of 2022.

[DC#]

On 11/16/2023 at 2:28 PM, mjoeyoung said:

HA auction: Fantastic Four #5 8.0 sold for $22.8K last 2 sales were $31.2K and $33.5K in December of 2022.

And 7.0 was under $14k.    

Then there is this....past two sales at $2,100 including Halloween night on Heritage.     EDIT:   Didn't notice that this was a double cover.    But still....not sure I would pay 3x for a double cover.   

Edited November 16, 2023 by DC#

[mjoeyoung]

It is a double cover so it is worth 3X as much.  It is the new math.