Are prices still climbing or have they eased up a bit??? 45 45

[MAR1979]

On 1/17/2022 at 2:08 PM, blazingbob said:

It is very explainable.

As each copy is sold the level of buyer may increase or decrease depending on the book being chased.

A buyers become replaced by B buyers,  B's by C etc.  

Each level of buyer has a "price point".  

Timing of purchase may also play a part since those Christmas credit card bills are starting to come in.

You see this when sellers are looking for the underbidders on certain books.  Obviously they have a copy and would even sell at the underbidder offer

Agreed.

I might also add the house shill or algorithm (legal in Texas) will only bump it to near the top bid what ever that amount may be.

Edited January 17, 2022 by MAR1979

[lou_fine]

On 1/16/2022 at 7:30 PM, Vince G said:

On 1/16/2022 at 7:23 PM, Gregd said:

I think the allegation is they are bidding on their own books to buoy the rest of the collectible comic market. Something I have heard for years now. Since we don’t know the buyers or sellers no one can prove or disprove this. 
 

  Considering the insane run up with the AF 15s recently, I wonder if that's what may be happening here? 

Well, with this just completed Heritage Auction here, I certainly wouldn't be too concerned with the AF 15's, as opposed to the totally unexpected and unforeseen game changer that just took place in the OA market with the Zeck Venom page selling for an unheard of price of $3.36M, which a couple of boardies did find to be rather suspiciously high:    

On 1/13/2022 at 2:52 PM, KingOfRulers said:

Over $3.3M is wildly beyond anything I would've predicted. It reminds me of Heritage's sale of that graded Super Mario 64 last year for $1.5M. The final prices are so far beyond market price that it makes me question the legitimacy of the sale. Setting a record sales price at 20%, 30%, or 50% over what's largely considered to be FMV seems plausible to me. But this sales price is so far beyond that. Ultimately, I do believe the sale is legitimate, but it's at such a wild level above FMV where I can't help but be a tad suspicious.

 

On 1/13/2022 at 2:59 PM, chrisco37 said:

Right?  Nobody guessed this one within 3 million.  

 

On 1/13/2022 at 3:02 PM, KingOfRulers said:

AKA, I believe the sale is legitimate, but I wouldn't be surprised if I heard otherwise.

If that's the case, it certainly did its intended job as the OA boards are just abuzzing with how much this sale was a game changing moment for the OA market and how their values have now just rocketed right out of this world, along with lots of chatter about which other pages are now clearly worth more than this record setting $3.36M.      

[WolverineX]

The way this was trumpeted. It makes you wonder who bought this. 

[DC#]

On 1/17/2022 at 11:08 AM, blazingbob said:

It is very explainable.

As each copy is sold the level of buyer may increase or decrease depending on the book being chased.

A buyers become replaced by B buyers,  B's by C etc.  

Each level of buyer has a "price point".  

Timing of purchase may also play a part since those Christmas credit card bills are starting to come in.

You see this when sellers are looking for the underbidders on certain books.  Obviously they have a copy and would even sell at the underbidder offer

I get all of that.   But these type of results underscore the volatility in the market still.  Buyers seeing the same book so differently.  Probably countless examples of speculation books over the past 2 years where you would see big swings between sales - But Still odd to see it on established books

[Aman619]

On 1/11/2022 at 6:11 PM, MAR1979 said:

"The cream always rises to the top", eventually that is...

What about the cream to off white? 

[Arkham]

On 1/13/2022 at 4:21 AM, lostboys said:

Sellers who dont accept returns sometimes use high shipping costs as a way to counter buyers who make up reasons to return books.

 

Sellers dont have to refund the original shipping in most cases.

 

Thats the only explanation I have.

Possibly more international buyers these days too. Shipping o/s is costing more than ever.

(And don’t get me started on eBay’s unique “import charges”).

[lizards2]

On 1/18/2022 at 2:20 PM, Arkham said:

Possibly more international buyers these days too. 

china

[DC#]

Will try to post my recap of Session 1 results from Clink auction tomorrow.   I will say many of the books that had identical grade sales in the Dec auction are up from those Dec numbers - not sure about how everything is stacking up vs GAP just yet but the spreadsheet seems less red this time around.    Maybe December is the new January in terms of annual soft spot......

[silverseeker]

Prices on some of the books I was following that closed this evening on CL seemed surprisingly strong for a Friday night…I’m looking at you, Tales of Suspense #52, CGC 7.0. 

Edited January 22, 2022 by silverseeker

[Microchip]

On 1/22/2022 at 4:10 PM, silverseeker said:

Prices on some of the books I was following that closed this evening on CL seemed surprisingly strong for a Friday night…I’m looking at you, Tales of Suspense #52, CGC 7.0. 

Agreed.   I was following my usual favourites of late, and they went 40-60% up on usual final bid prices.   But across the board things have been finishing surprisingly strong.

 

[silverseeker]

On 1/21/2022 at 10:20 PM, Microchip said:

Agreed.   I was following my usual favourites of late, and they went 40-60% up on usual final bid prices.   But across the board things have been finishing surprisingly strong.

 

Wow, those FFs sold for crazy money relative to GPA…

[DC#]

Here is the Session 1 recap.    As stated earlier and by others - January appears to be much stronger for Clink as compared to Dec.   Many books are well above their Dec Clink numbers on a like-for-like basis.   Still a lot of red vs GPA but some books seem to be leveling off a bit - especially highest grades of popular keys.   

Enjoy and happy new year everyone (either I am late for Jan 1 or on time for Lunar).    

 

 

[Microchip]

That Marvel Feature 1 9.8 was a ridiculously awesome copy.   But it looks like the time lapse since 2019 played catchup real quick.

 

 

Edited January 22, 2022 by Microchip

[Microchip]

[badback83]

On 1/22/2022 at 3:37 AM, Microchip said:

Good gravy!  I’ve always liked that cover.

[Drummy]

Yeah, that's a superb copy of MF #1 -- and I'm a huge Defenders fan as well, so I kept tracking it, hoping it would top out below $10k...

Wishful thinking!  

[ADAMANTIUM]

On 1/22/2022 at 2:37 AM, Microchip said:

Peace and love to everybody 💜 that takes some patience to find 

 

[Ijiwaru Sensei]

Aren't most of the buyers of these books in their 40s-60s, or older?

In 20-30 years, as this age group shuffles off this mortal coil, will prices nosedive, or are there enough younger collectors to keep comics in demand?

[Sweet Lou 14]

On 1/22/2022 at 3:29 PM, Ijiwaru Sensei said:

Aren't most of the buyers of these books in their 40s-60s, or older?

In 20-30 years, as this age group shuffles off this mortal coil, will prices nosedive, or are there enough younger collectors to keep comics in demand?

This question has been asked many times before.  I guess my answer is twofold:

• That's why the movies are such a big deal, because they've mainstreamed all of these characters and gotten multiple new generations excited about them.
• If in fact there is a dip in demand due to demographic shifts, we'll see it first as the Golden Age collectors cash out or pass on, which will give younger Silver Age collectors like me plenty of warning.

[october]

Most collectors of this stuff are 40+ because most collectors under 40 can't afford the pricetags.