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ComicConnect non-auction sales are NOT reported
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16 posts in this topic

Hey folks. Posting here and on GA forum.  A big FYI if you generally use GPA to keep abreast of the latest prices on some key books.  Folks assume GPA reports ComicConnect results, which is generally true.  But I have beein in contact with GPA for many months now alerting GPA to numerous instances where it did not include results from ComicConnect's fixed/best-offer (non-auction) listings.  The only reason I became aware of it (and informed GPA, which promptly updated its website each time--thank you GPA! @gpanalysis) was b/c i had saved the CC listing in my WATCH LIST and eventually noticed that GPA was missing many of those results.   

For example, a Detective Comics #140 CGC 7.5 sold for a new record high of $55K on 2/14/22 in a non-auction listing on ComicConnect, but it's not on GPA (last recorded sale $40800 in April 2021).  Perhaps this link works for you if you are a registered user of ComicConnect:   https://www.comicconnect.com/item/944075

A JIM83 CGC 4.5 sold for a new record high of $20900 on 1/28/22 via non-auction ( https://www.comicconnect.com/item/946188 ), still not on GPA (last recorded sale is $13750 on 12/20/21).  

A TTA27 CGC 4.0 sold for a new record high of $4200 via non-auction on 1/28/22 ( https://www.comicconnect.com/item/932659 ), still not on GPA (last recorded sale $3484 on in August 2021).    

An AF15 CGC 3.5 sold non-auction for $48K on 1/14/22 ( https://www.comicconnect.com/item/943693 ), still not on GPA. 

I can tell you that every instance I have reported (using the "contact us" option on GPA's website) over the past year ended up being promptly updated on GPA.  I was told it was a problem with CC transferring such data to GPA (i.e., it was not a canceled sale).  So I am assuming these missed sales are legit, too, but inadvertently excluded.  

Sadly, I don't do watch list on ComicConnect that often, so who knows how many non-auction sales results have been inadvertently overlooked for all keys regardless of era all these months/years.  For now, the only way to catch them is for folks already registered with ComicConnect to track non-auction listings of interest, compare sales results to GPA, and inform GPA (and also boardies please!) of any errors.    

Anyway, hopefully GPA updates its website for these and all other such instances on ComicConnect as appropriate, but GPA might need our help going forward while the CC glitch persists.  Especially for books that don't sell often, like Golden Age stuff, this info could be very important.  

Edited by Pantodude
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Wondering if that Hulk 1 9.0 sale of 490k will end up hitting GPA at some point. It was a ComicConnect sale as well. It has been a while since the sale closed. (fixed price)

 

https://scoop.previewsworld.com/Home/4/1/73/1014?articleID=256289

Edited by Timeless icons
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BTW, GPA kindly reminded me of their explanation for this situation.  I forgot that it's not actually a "glitch."  ComicConnect simply does not provide GPA with these non-auction sale results at this time.  So my proposal (that we report such sales to GPA) is the only way to have these sales reflected on GPA, in addition to whatever sales that GPA learns of on its own.  Considering how well books have done on CC's non-auction format (see recent examples above, and there were likely many more), I really hope folks can update GPA on such sales whenever possible, at least for the books they follow.   (thumbsu   Just be sure to send them the sold item link (after clicking the sold item from your Watch List) so that GPA can do what it needs to do to confirm.  

Edited by Pantodude
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On 2/25/2022 at 7:18 AM, Pantodude said:

BTW, GPA kindly reminded me of their explanation for this situation.  I forgot that it's not actually a "glitch."  ComicConnect simply does not provide GPA with these non-auction sale results at this time.  So my proposal (that we report such sales to GPA) is the only way to have these sales reflected on GPA, in addition to whatever sales that GPA learns of on its own.  Considering how well books have done on CC's non-auction format (see recent examples above, and there were likely many more), I really hope folks can update GPA on such sales whenever possible, at least for the books they follow.   (thumbsu   Just be sure to send them the sold item link (after clicking the sold item from your Watch List) so that GPA can do what it needs to do to confirm.  

CC has been selective about reports results to GPA for a long time, as have other dealers. 

I got absolutely lambasted on the boards at one point over a decade ago for suggesting we might be able to selectively submit sales from the CGC boards because the boards were starting to carry some significant books but it seems everyone is doing it now. 

My butt is still sore from the ribbing I got. lol

 

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On 2/25/2022 at 7:51 PM, VintageComics said:

CC has been selective about reports results to GPA for a long time, as have other dealers. 

Yeah, but the strange thing is that many of the CC sales that are not being picked up by either GPA or GoCollect are their record setting stunning sales which would normally be ones that other dealers would most certainly like to see reported.  (:

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Go figure that record breaking sales are invisible to those looking to gauge a books market value when selling. I get the proprietary info argument, but do dealers really want their sellers finding out later how much money they left on the table due to one sided sales information?

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Yes, except that from all of their ads in Overstreet, news reports like Scoop, Bleeding Cool,etc. and along with their own sales hype, they all like to point out their record breaking sales in order to encourage potential sellers to consign their books with them, as opposed to the competition.  :blahblah:  

You certainly don't see Heritage trying to hide the stunning results from their Promise Collection or Black Cat auctions or CL from their record setting sales for the latest CGC highest graded copy of whatever book it is.  :news:   :blahblah: :blahblah:

Edited by lou_fine
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On 2/26/2022 at 2:45 PM, lou_fine said:

hey all like to point out their record breaking sales

But that's limited to high-grade sales?  So it's only partially (minimally?) helpful to most mortals whose collections don't necessarily have the highest graded of X or Y key issue.  Record-breaking mid- and lower-grade sales are more important to most folks (also low sales...to know the good with the bad!).  Take the Tec140 and JIM83, which are both very expensive even in mid-grade.  News reports or the big auction houses (yes, ComicConnect, I mean you!) apparently do not publicize the record-setting sales for mid-grades of even those key books.  

Edited by Pantodude
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On 2/26/2022 at 5:17 AM, Aman619 said:

Go figure that record breaking sales are invisible to those looking to gauge a books market value when selling. I get the proprietary info argument, but do dealers really want their sellers finding out later how much money they left on the table due to one sided sales information?

Well, if they are indeed trying to make their record breaking sales invisible to potential sellers, they are definitely doing a poor job of it.  :facepalm:

Especially since every one of these record breaking sales can be easily found in their auction archives which is open to everybody, unlike GPA or GoCollect where you are required to pay a subscription fee to access the sales information.  (thumbsu

My thinking is that non-auction sales results are probably not being transmitted over due more to the crapola dollar store website system which they have in place with all of its subsequent shortfalls and limitations. :p

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