Robot Man Posted June 9, 2023 Share Posted June 9, 2023 On 6/8/2023 at 1:33 AM, Cat-Man_America said: Here's an old school 9.6 pedigree Plastic Man #16... Hide contents Can you even imagine what the Church collection would go for if it waited 50 more years to be discovered? Sure glad I was around to pay double guide when they did turn up… ThothAmon and Cat-Man_America 2 Link to comment Share on other sites More sharing options...
Popular Post ThothAmon Posted June 9, 2023 Popular Post Share Posted June 9, 2023 On 6/9/2023 at 3:47 AM, lou_fine said: Well, not so surprisingly, it appears that the Promise copy of Suspense 11 sold for quite a bit more than $35K according to this post from Tim: What do I know? I guess I should never be surprised about the sales price of Uber high grade comics. Im certainly not unhappy about the result either. Robot Man, Dark Knight, lou_fine and 2 others 5 Link to comment Share on other sites More sharing options...
lou_fine Posted June 9, 2023 Share Posted June 9, 2023 On 6/9/2023 at 7:40 AM, tth2 said: Selling a Promise book and not taking a loss IS a win. My thinking is that if the Promise copy of Suspense 11 can go for more money in its second go round when there's already 6 graded copies in CGC 9.0 and above, then this Promise copy of Suspense 8 with the classic Cole spider cover should be a "real" winner for the lucky buyer who paid only a "piddly" $60K for it in its first go round: https://comics.ha.com/itm/golden-age-1938-1955-/horror/suspense-comics-8-the-promise-collection-pedigree-continental-magazines-1945-cgc-nm-92-off-white-to-white-pages/a/7246-92162.s?ic4=ListView-ShortDescription-071515 Especially considering that its the single highest graded copy by a long shot with the next being 3 copies way back at CGC 7.5 with the last one in this grade being certified back in 2015. Mmehdy and szucchini 2 Link to comment Share on other sites More sharing options...
jimbo_7071 Posted June 9, 2023 Share Posted June 9, 2023 On 6/9/2023 at 12:07 PM, lou_fine said: My thinking is that if the Promise copy of Suspense 11 can go for more money in its second go round when there's already 6 graded copies in CGC 9.0 and above, then this Promise copy of Suspense 8 with the classic Cole spider cover should be a "real" winner for the lucky buyer who paid only a "piddly" $60K for it in its first go round: https://comics.ha.com/itm/golden-age-1938-1955-/horror/suspense-comics-8-the-promise-collection-pedigree-continental-magazines-1945-cgc-nm-92-off-white-to-white-pages/a/7246-92162.s?ic4=ListView-ShortDescription-071515 Especially considering that its the single highest graded copy by a long shot with the next being 3 copies way back at CGC 7.5 with the last one in this grade being certified back in 2015. Man! I've seen so many copies of that book come along that I'm kind of surprised that a 9.2 is the highest-graded copy. It certainly isn't a rare book by any stretch of the imagination, but apparently it's more scarce in high grade than I had realized. Link to comment Share on other sites More sharing options...
lou_fine Posted June 9, 2023 Share Posted June 9, 2023 On 6/9/2023 at 9:14 AM, jimbo_7071 said: Man! I've seen so many copies of that book come along that I'm kind of surprised that a 9.2 is the highest-graded copy. It certainly isn't a rare book by any stretch of the imagination, but apparently it's more scarce in high grade than I had realized. Probably all in low grade condition though as the census indicates a total of 63 Universal copies for Suspense 8, with 31 or about half of these being in CGC 4.0 or lower. As compared to Suspense 11 with a total of 69 Universal copies and only 17 or about a quarter of them in CGC 4.0 or lower. At the other end of the condition scale, you have only the one single CGC 9.2 graded Promise copy of Suspense 8 sitting there above CGC 7.5 and yet you have a much higher dozen copies of Suspense 11 sitting above CGC 7.5. Hence, it's pretty much safe to say that Suspense 8 is definitely much scarcer in high grade when compared to the Suspense 11. Link to comment Share on other sites More sharing options...
jimbo_7071 Posted June 9, 2023 Share Posted June 9, 2023 On 6/9/2023 at 12:58 PM, lou_fine said: Probably all in low grade condition though as the census indicates a total of 63 Universal copies for Suspense 8, with 31 or about half of these being in CGC 4.0 or lower. As compared to Suspense 11 with a total of 69 Universal copies and only 17 or about a quarter of them in CGC 4.0 or lower. At the other end of the condition scale, you have only the one single CGC 9.2 graded Promise copy of Suspense 8 sitting there above CGC 7.5 and yet you have a much higher dozen copies of Suspense 11 sitting above CGC 7.5. Hence, it's pretty much safe to say that Suspense 8 is definitely much scarcer in high grade when compared to the Suspense 11. Many of them were high grade . . . unless you doubt the veracity of eBay sellers' grading. lou_fine 1 Link to comment Share on other sites More sharing options...
Popular Post MasterChief Posted June 23, 2023 Popular Post Share Posted June 23, 2023 (edited) Update! With the close of today's Heritage Auction, 46 Promise books were added to the ROI snapshot, two of which sold earlier in the month via HA and CC. The current rate of return for June is trending down at -34%. Nine esoteric books will be auctioned by HA as the month comes to a close. Those books will be captured in a later update. Data sorted oldest to newest Sale Date. (Source: Heritage Auctions (HA), Comic Connect (CC), ComicLink (CL), eBay) Edited June 23, 2023 by MasterChief bc, Pantodude, szucchini and 8 others 3 7 1 Link to comment Share on other sites More sharing options...
tth2 Posted June 23, 2023 Share Posted June 23, 2023 (edited) A net loss of $830k so far. Simply mindboggling. The greatest redistribution of wealth in the history of comic books. Edited June 23, 2023 by tth2 Mmehdy, comicjack and batman_fan 1 2 Link to comment Share on other sites More sharing options...
Dark Knight Posted June 23, 2023 Share Posted June 23, 2023 On 6/22/2023 at 8:25 PM, tth2 said: A net loss of $830k so far. Simply mindboggling. The greatest redistribution of wealth in the history of comic books. I'd rather have that than the Supes #1 CGC 7.0 that sold for a $1 million loss october, Mmehdy and tth2 3 Link to comment Share on other sites More sharing options...
tth2 Posted June 23, 2023 Share Posted June 23, 2023 On 6/23/2023 at 11:41 AM, Dark Knight said: On 6/23/2023 at 11:25 AM, tth2 said: A net loss of $830k so far. Simply mindboggling. The greatest redistribution of wealth in the history of comic books. I'd rather have that than the Supes #1 CGC 7.0 that sold for a $1 million loss Sorry, forgot about that. I take it back, Ken Goldin is the greatest socialist in the history of comic books! Larryw7, lou_fine, batman_fan and 1 other 4 Link to comment Share on other sites More sharing options...
Cat-Man_America Posted June 23, 2023 Share Posted June 23, 2023 On 6/22/2023 at 10:25 PM, tth2 said: A net loss of $830k so far. Simply mindboggling. The greatest redistribution of wealth in the history of comic books. The golden rule seems to be "keep your promises" ...it's less costly than promises not kept! eyersman, comicjack, batman_fan and 1 other 3 1 Link to comment Share on other sites More sharing options...
lou_fine Posted June 23, 2023 Share Posted June 23, 2023 On 6/22/2023 at 8:25 PM, tth2 said: A net loss of $830k so far. Simply mindboggling. The greatest redistribution of wealth in the history of comic books. Well, if this keeps up and I certainly don't see any change in the downtrend to date, we might just have to rename this thread to "Post Your Promise Collection Wins Losses". tth2, waaaghboss, Mmehdy and 1 other 2 2 Link to comment Share on other sites More sharing options...
Aman619 Posted June 23, 2023 Share Posted June 23, 2023 Call me an outlier, but a total 25% loss isn’t that bad. Is it? There are many stocks and investments that were down, or still at 25% down in recent years. Bottom line for me is that these buyers sold too soon after buying too high. Of course 25% is in the aggregate, for all books resold in public auctions tracked in the list. It’s probably true that some buyers took most of the losses, and coughed up a much higher %. anyone care to recalculate the numbers based on purchase price not date? Say the % loss for books over 100K, and 50-100K etc? Badger 1 Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted June 23, 2023 Author Share Posted June 23, 2023 I’ll eat breakfast off mine before I sell it for a loss The Black Hand ®, comicjack and Badger 1 2 Link to comment Share on other sites More sharing options...
tth2 Posted June 23, 2023 Share Posted June 23, 2023 On 6/23/2023 at 5:46 PM, Aman619 said: Call me an outlier, but a total 25% loss isn’t that bad. Is it? In HG GA comics, it's pretty bad. It's not a sector that has seen bull and bear cycles--rather, it's pretty much been a straight line bull market since 1938. The only precedent I can think of is the Gary Keller books, but the total dollar amounts were so much less (even if they seemed mindboggling to many of us at the time). MasterChief and lou_fine 2 Link to comment Share on other sites More sharing options...
Robot Man Posted June 23, 2023 Share Posted June 23, 2023 On 6/23/2023 at 2:58 AM, GreatCaesarsGhost said: I’ll eat breakfast off mine before I sell it for a loss I can’t see anything I have ever sell for a loss. Maybe a little less profit than I accepted on a few. Just the benefit of doing it for a LONG time, buying stuff I really liked not falling into the emotional hole of buying and mostly resisting the urge to sell them at all. Mmehdy 1 Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted June 23, 2023 Author Share Posted June 23, 2023 On 6/23/2023 at 9:43 AM, Robot Man said: not falling into the emotional hole of buying and mostly resisting the urge to sell them at all. Same. The bipolarity of this can be stunning Robot Man and Mmehdy 2 Link to comment Share on other sites More sharing options...
Aman619 Posted June 23, 2023 Share Posted June 23, 2023 On 6/23/2023 at 3:34 PM, tth2 said: In HG GA comics, it's pretty bad. It's not a sector that has seen bull and bear cycles--rather, it's pretty much been a straight line bull market since 1938. The only precedent I can think of is the Gary Keller books, but the total dollar amounts were so much less (even if they seemed mindboggling to many of us at the time). Yeah. In our little comics world where we bought stuff decades ago, breaking even when selling is a massive fail. But aren’t we pretty comfortable assuming that these prices were bought by others? By New people attracted by rising prices, as an alternate (sure thing?) investment? I was writing in that sense…. that taking a flyer on hot or rare GA high grade copies was akin to loading up on other sure things 2 years ago, like more bitcoin at 50-60K each? Rose colored glasses and Bad timing ! Link to comment Share on other sites More sharing options...
buttock Posted June 23, 2023 Share Posted June 23, 2023 On 6/23/2023 at 11:44 AM, Aman619 said: Yeah. In our little comics world where we bought stuff decades ago, breaking even when selling is a massive fail. But aren’t we pretty comfortable assuming that these prices were bought by others? By New people attracted by rising prices, as an alternate (sure thing?) investment? I was writing in that sense…. that taking a flyer on hot or rare GA high grade copies was akin to loading up on other sure things 2 years ago, like more bitcoin at 50-60K each? Rose colored glasses and Bad timing ! Everyone in comics expects perpetual linear growth. Point Five, october and Larryw7 3 Link to comment Share on other sites More sharing options...
whomerjay Posted June 23, 2023 Share Posted June 23, 2023 (edited) Almost time to pick up some Promises. Edited June 23, 2023 by whomerjay Link to comment Share on other sites More sharing options...