tth2 Posted May 25, 2022 Share Posted May 25, 2022 On 5/24/2022 at 7:02 PM, adamstrange said: Or as Shakespeare would have put it: "Yea, verily and forsooth, the tomes over in yonder sale, amongst them the one and sixty All-American, did not, methinks, surpasseth all understanding.' Uh, this was All-American, not Thor. Link to comment Share on other sites More sharing options...
Popular Post tth2 Posted May 25, 2022 Popular Post Share Posted May 25, 2022 (edited) On 5/24/2022 at 10:23 PM, buttock said: On 5/24/2022 at 1:44 PM, tth2 said: Maybe because they don't need to sell and they don't want to be the sucker who turned out to have sold at the bottom of the market. Not to mention, what are you going to buy with the money from the sale? Edited May 25, 2022 by tth2 Larryw7, goldust40, D84 and 3 others 6 Link to comment Share on other sites More sharing options...
buttock Posted May 25, 2022 Share Posted May 25, 2022 On 5/24/2022 at 9:17 PM, tth2 said: http://ludicrite.files.wordpress.com/2012/04/hookers.jpg I found a box of good bourbons and scotches I set away a few years ago in the basement because I ran out of space. They're probably worth twice what I paid. Maybe I should sell them too! Link to comment Share on other sites More sharing options...
tth2 Posted May 25, 2022 Share Posted May 25, 2022 (edited) On 5/24/2022 at 11:20 PM, buttock said: I found a box of good bourbons and scotches I set away a few years ago in the basement because I ran out of space. They're probably worth twice what I paid. Maybe I should sell them too! So you can spend the proceeds on and ? Edited May 25, 2022 by tth2 adamstrange, Larryw7 and goldust40 3 Link to comment Share on other sites More sharing options...
buttock Posted May 25, 2022 Share Posted May 25, 2022 On 5/24/2022 at 9:21 PM, tth2 said: So you can spend the proceeds on and ? How lame is it that I'd rather buy comics and climbing gear than hookers and blow? Way less drama. Link to comment Share on other sites More sharing options...
tth2 Posted May 25, 2022 Share Posted May 25, 2022 (edited) On 5/24/2022 at 11:27 PM, buttock said: How lame is it that I'd rather buy comics and climbing gear than hookers and blow? Predictably lame? Edited May 25, 2022 by tth2 Courageous Cat, buttock and batman_fan 1 2 Link to comment Share on other sites More sharing options...
Robot Man Posted May 25, 2022 Share Posted May 25, 2022 On 5/24/2022 at 7:23 PM, buttock said: Not to mention, what are you going to buy with the money from the sale? Experiences and travel have become much more important to me in the past few years. Tbone911t, Point Five and buttock 3 Link to comment Share on other sites More sharing options...
Popular Post D84 Posted May 25, 2022 Popular Post Share Posted May 25, 2022 On 5/24/2022 at 10:21 PM, tth2 said: So you can spend the proceeds on and ? I've lost more money on this than in the stock market. 🤣🤣🤣 tth2, comicnoir, Larryw7 and 2 others 1 4 Link to comment Share on other sites More sharing options...
Ian Winner Posted May 25, 2022 Share Posted May 25, 2022 On 5/24/2022 at 7:24 AM, buttock said: I read this as him saying it's an example of a book that did not overachieve. Yes that is what I meant. The book performed poorly at this auction. It has been selling for way more than that lately. The Amazing Fantasy's sold for less than comprable copies at Heritage and ComicConnect as well. Link to comment Share on other sites More sharing options...
Mmehdy Posted June 15, 2022 Author Share Posted June 15, 2022 (edited) With Crypto melting down look for those investors might switch out into new assets. Metro announced they are accepting "Bitpay" for ALL purchases. I would not be surprised to see an increased GA/SA comic book market demand. When Ha.com or CC or CL comes on board, look for that new stream of income to prop up prices. Now that the Fed has increased the cost of money to its member banks, look for credit card and home interest rate to increase overall in the future. In the mean time looking at the big Ha.com auction tomorrow it looks like business as "usual"...anyone see anything different in the 2022 market Edited June 15, 2022 by Mmehdy Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted June 15, 2022 Share Posted June 15, 2022 (edited) On 6/15/2022 at 5:43 PM, Mmehdy said: With Crypto melting down look for those investors might switch out into new assets. Metro announced they are accepting "Bitpay" for ALL purchases. I would not be surprised to see an increased GA/SA comic book market demand. When Ha.com or CC or CL comes on board, look for that new stream of income to prop up prices. Now that the Fed has increased the cost of money to its member banks, look for credit card and home interest rate to increase overall in the future. In the mean time looking at the big Ha.com auction tomorrow it looks like business as "usual"...anyone see anything different in the 2022 market I’m crawling thru the darkness with a flashlight here, myself. If the crypto guys stick around, that’ll affect the big ticket items. First appearances will play well with them. Not sure how they will feel about irrelevant books collected due to covers that strike us, the collecting community, as classic covers. I don’t think they’ll care at all about mid-grade middle of the run books. Interesting to hear the auction houses are now accepting crypto. Edited June 15, 2022 by GreatCaesarsGhost szucchini, alexgross.com, Mmehdy and 1 other 4 Link to comment Share on other sites More sharing options...
Popular Post Cat-Man_America Posted June 16, 2022 Popular Post Share Posted June 16, 2022 On 6/15/2022 at 6:52 PM, GreatCaesarsGhost said: I’m crawling thru the darkness with a flashlight here, myself. If the crypto guys stick around, that’ll affect the big ticket items. First appearances will play well with them. Not sure how they will feel about irrelevant books collected due to covers that strike us, the collecting community, as classic covers. I don’t think they’ll care at all about mid-grade middle of the run books. Interesting to hear the auction houses are now accepting crypto. Not sure about the longevity of Krypto currency; I think it's a dog myself. D84, Kevin.J, ThothAmon and 8 others 5 6 Link to comment Share on other sites More sharing options...
D84 Posted June 16, 2022 Share Posted June 16, 2022 On 6/16/2022 at 12:31 AM, Cat-Man_America said: Not sure about the longevity of Krypto currency; I think it's a dog myself. As long as there is money laundering, terrorists and drug dealers, crypto will be around. Black Bat, Dr. Balls and Mmehdy 3 Link to comment Share on other sites More sharing options...
Bookery Posted June 16, 2022 Share Posted June 16, 2022 On 6/15/2022 at 6:43 PM, Mmehdy said: With Crypto melting down look for those investors might switch out into new assets. Metro announced they are accepting "Bitpay" for ALL purchases. I would not be surprised to see an increased GA/SA comic book market demand. When Ha.com or CC or CL comes on board, look for that new stream of income to prop up prices. Now that the Fed has increased the cost of money to its member banks, look for credit card and home interest rate to increase overall in the future. In the mean time looking at the big Ha.com auction tomorrow it looks like business as "usual"...anyone see anything different in the 2022 market The market is changing. I just got done updating my in-house guide for silver-age to present (takes about 2 weeks to do... massive amount of data). I haven't got to gold... but it's tricky anyway as there aren't enough sales to see patterns easily. Take aways: Early and expensive silver has held firm or is still moving up (though slower). If you're buying $10k comics routinely, you probably don't care about gas prices increasing. Bronze-age is taking a bit of a hit... though often around 20%, which simply takes it back to where it was at the start of the year. Moderns are getting creamed. Dozens and dozens of books that were $50 6 weeks ago that are $20 now. Bronty, Northwest and Mmehdy 1 2 Link to comment Share on other sites More sharing options...
buttock Posted June 16, 2022 Share Posted June 16, 2022 On 6/16/2022 at 11:43 AM, Bookery said: The market is changing. I just got done updating my in-house guide for silver-age to present (takes about 2 weeks to do... massive amount of data). I haven't got to gold... but it's tricky anyway as there aren't enough sales to see patterns easily. Take aways: Early and expensive silver has held firm or is still moving up (though slower). If you're buying $10k comics routinely, you probably don't care about gas prices increasing. Bronze-age is taking a bit of a hit... though often around 20%, which simply takes it back to where it was at the start of the year. Moderns are getting creamed. Dozens and dozens of books that were $50 6 weeks ago that are $20 now. Tim, can I ask how you do this? Is it just based off of what sells vs doesn't? Sounds like a huge task. Mmehdy 1 Link to comment Share on other sites More sharing options...
Bookery Posted June 16, 2022 Share Posted June 16, 2022 On 6/16/2022 at 2:08 PM, buttock said: Tim, can I ask how you do this? Is it just based off of what sells vs doesn't? Sounds like a huge task. I use a combination of GPAnalysis (esp. for bigger-priced items, and then I adjust my own formula for raw books) and Key Collector (less valuable items and certain variants) and sometimes cross-link directly with eBay sales. This latest updating involved over 800 value-line changes. In my area, sellers expect high percentages for their collections. I can't afford to be behind, esp. on falling prices, or I won't be in business for long. In the old days, it wasn't that big a deal... adjust a couple of times per year. Now, the markets are so volatile it takes up a huge amount of time. I last updated in April and figured I was good through summer. But in the past few weeks values for many issues have fallen so fast that I had to do another update already. Link to comment Share on other sites More sharing options...
buttock Posted June 16, 2022 Share Posted June 16, 2022 On 6/16/2022 at 1:10 PM, Bookery said: I use a combination of GPAnalysis (esp. for bigger-priced items, and then I adjust my own formula for raw books) and Key Collector (less valuable items and certain variants) and sometimes cross-link directly with eBay sales. This latest updating involved over 800 value-line changes. In my area, sellers expect high percentages for their collections. I can't afford to be behind, esp. on falling prices, or I won't be in business for long. In the old days, it wasn't that big a deal... adjust a couple of times per year. Now, the markets are so volatile it takes up a huge amount of time. I last updated in April and figured I was good through summer. But in the past few weeks values for many issues have fallen so fast that I had to do another update already. You should just use Overstreet... Thanks for the input. I'm always interested in how successful dealers manage things. Link to comment Share on other sites More sharing options...
Popular Post sfcityduck Posted June 16, 2022 Popular Post Share Posted June 16, 2022 On 6/15/2022 at 3:43 PM, Mmehdy said: With Crypto melting down look for those investors might switch out into new assets. Metro announced they are accepting "Bitpay" for ALL purchases. I would not be surprised to see an increased GA/SA comic book market demand. There are several major logic flaws in this analysis. First, Bitcoin is now down 70% from its high in November. It is an 18 month low. And it is bottoming out due, in part, to inflation fears - which does not bode well for an "investment" that was marketed as a hedge against inflation. So it is highly unlikely that Bitcoin owners are cashing out now to re-invest in other assets. Instead, they are liquidating in order to cut their losses, fund their lives, and pay their debts. Other crypto currencies are much worse off. Terra and Luna are worthless. Owners of those are losing their houses. There have been single days where crypto owners have lost over $200 Billion - in a single day! Second, the only way anyone accepts crypto today is through intermediaries who immediately sell the asset upon receipt. The way it works is Metro says the price on a comic is $100K. The buyer sends Bitcoin, for example, to an exchange who immediately sell it to get a cash dollar amount. The exchange then sends $100K to Metro and any excess amount back to the payee. Problem is, crypto exchanges aren't letting investors cash out. Celsius is the current poster child. It has frozen $11.8 billion in customer assets. Celsius customers can't buy comics even if they wanted. Third, the other reason no one accepts crypto except through intermediaries is that crypto is too erratic. Metro could accept the equivalent of $100K in Bitcoin on Monday and if they held on Tuesday that Bitcoin could only be worth $80K. And if Metro is using an exchange, they may accept crypto, but they will likely build into their price structure a premium to cover the exchange's percentage. So crypto is the opposite of a cash discount. So I really don't see a crypto CRASH enhancing the value of comics. It's sort of ridiculous to claim a crypto boom increases comic demand AND a crypto crash increases comic demand. The logic of the first assertion is that a crypto boom increases cash flow, the logic of the second assertion is that a crypto crash ... increases cash flow? Really does not make sense. alexgross.com, PopKulture, tth2 and 6 others 9 Link to comment Share on other sites More sharing options...
Cat-Man_America Posted June 17, 2022 Share Posted June 17, 2022 On 6/16/2022 at 6:16 PM, sfcityduck said: Bitcoin is now down 70% from its high in November. Just wait till they figure out two bits is only worth 25 cents. Mmehdy, D84 and sfcityduck 3 Link to comment Share on other sites More sharing options...
Bookery Posted June 17, 2022 Share Posted June 17, 2022 On 6/17/2022 at 12:41 AM, Cat-Man_America said: Just wait till they figure out two bits is only worth 25 cents. Criminy! I've lost a fortune investing in these!! bc 1 Link to comment Share on other sites More sharing options...