The Worst Speculative Purchases of the CGC Peak

[joe_collector]

Batman 608 RRP CGC 9.8 $2300.00 Reserve Not Met

 

RIP indeed!!

[BachelorOfComix]

Batman 608 RRP CGC 9.8 $2300.00 Reserve Not Met

 

RIP indeed!!

How much do they sell for now?

[14 of spades]

i remember the book creating a buzz even here on the boards when it first came out.

 

that auction must have occurred at the absolute HEIGHT of it's "value" - which was probably two weeks after it was first distributed and it's existence known. i wonder if it would even get 10% of the 2300 now (i doubt it).

 

don't buy comics at their peak value. don't buy ANYTHING at peak value.

 

and if you own comics during peak value - though you don't have to, you may consider selling as there would be no better time to do that ever.

 

 

[october]

i wonder if it would even get 10% of the 2300 now (i doubt it).

 

It would get a hell of a lot more than $230 considering this raw copy just sold for $600+. I would guess a 9.8 would bring at least $1500.

 

http://cgi.ebay.com/BATMAN-608-RRP-JIM-L...1QQcmdZViewItem

[14 of spades]

ok - you're right.

 

i guess only time will tell how it's value will sustain over the long term.

[october]

ok - you're right.

 

i guess only time will tell how it's value will sustain over the long term.

 

The vast, vast majority of "variant" books lose their value as soon as the immediate hotness wears off, but for whatever reason this one seems to have pretty good legs....so far at least. I wouldn't pay more than $20 for a copy, but I guess others feel differently.

[Norrin_Radd]

don't buy ANYTHING at peak value.

 

Do we really have to go over this again?

[14 of spades]

let's duke it out again Mr. Radd, for another 22 consecutive posts!!

 

 

 

[14 of spades]

The vast, vast majority of "variant" books lose their value as soon as the immediate hotness wears off, but for whatever reason this one seems to have pretty good legs....so far at least. I wouldn't pay more than $20 for a copy, but I guess others feel differently.

 

well put. my feelings exactly.

[FlyingDonut]

i remember the book creating a buzz even here on the boards when it first came out.

 

that auction must have occurred at the absolute HEIGHT of it's "value" - which was probably two weeks after it was first distributed and it's existence known. i wonder if it would even get 10% of the 2300 now (i doubt it).

 

don't buy comics at their peak value. don't buy ANYTHING at peak value.

 

and if you own comics during peak value - though you don't have to, you may consider selling as there would be no better time to do that ever.

 

 

I'll buy every single one of the Batman 608 RRPs you can find in 9.8 for $230. Every one. Hell, I'll go to $300. Mainly because I can sell it for $1500 without breaking a sweat.

 

I've said it for three years - this book has legs.

[joe_collector]

Mainly because I can sell it for $1500 without breaking a sweat.

 

Wow, so if you bought in at $2300, that's only a loss of.... $800.

 

Now that's what I call LEGS!!

[FlyingDonut]

Mainly because I can sell it for $1500 without breaking a sweat.

 

Wow, so if you bought in at $2300, that's only a loss of.... $800.

 

Now that's what I call LEGS!!

 

Unfortunately for your snide comment, it didn't sell at $2300. I don't have GPA handy, but there weren't any sales of this book above $1500 in my database. Was the seller stupid for having a big reserve? Yes, and would a buyer have been burned? Yep. Did anyone get hurt or burned? Nope.

[october]

Mainly because I can sell it for $1500 without breaking a sweat.

 

Wow, so if you bought in at $2300, that's only a loss of.... $800.

 

Now that's what I call LEGS!!

 

I hate variants every bit as much as you do, but you have to admit that this book has remained pricey while other variants have fallen to next to nothing. It may have lost 10-15% of its peak value, but other limited books have lost 80-90% of theirs.

[FlyingDonut]

I get to quote myself from September:

 

My point is that, simply, as I said in February, 2003, that I don't believe the Batman 608 RRP is a manufactured collectible. I think the Batman 608 RRP was designed as an incentive to get retailers to attend the Burbank RRP and buy more stuff. There was no profit made by DC in producing the Batman RRP edition. Once the RRPs took off, DC (and other publishers) realized they had the ability to increase participation at their summits (and buy more stuff) by pumping out RRPs and retailer incentives.

 

I further believe that the Batman 608 RRP does have the very low print run that was originally discussed, unlike other RRP/retailer editions. I do not believe that OTHER RRP/retailer editions, especially those that came after this, have that low print run.

 

As I said two years ago, and I continue to say so, I believe this book will have significant legs - and the sales price for this book, which shows a continual uptrend in prices for raw copies over the time period bears this out. I do not believe the other RRPs and Diamond Retailer Incentive editions will have the same legs.

[14 of spades]

OK FD.

 

you're dead on about this one. this is a book whose value i don't understand much and made a wrong assumption on.

 

i hope u don't mind coming on every 3-4 months, WHENEVER a copy of this book is sold, and telling everyone that indeed, that's how much the book sells for.

 

[FlyingDonut]

OK FD.

 

you're dead on about this one. this is a book whose value i don't understand much and made a wrong assumption on.

 

i hope u don't mind coming on every 3-4 months, WHENEVER a copy of this book is sold, and telling everyone that indeed, that's how much the book sells for.

 

 

Not a problem.

 

You want bad speculative purchases of the CGC peak? Any of my 9.6 Spidermans in the 150s and 160s that I paid triple figures for.

[rob_react]

that auction must have occurred at the absolute HEIGHT of it's "value" - which was probably two weeks after it was first distributed and it's existence known. i wonder if it would even get 10% of the 2300 now (i doubt it).

 

It does a little better than $230:

 

$2,425.00 - Oct 2003

- $1,439.00 - Nov 2003

- - - Dec 2003

- - - Jan 2004

- $2,000.00 - Feb 2004

- - - Mar 2004

- $1,499.90 - Apr 2004

- - - May 2004

- $2,222.22 - Jun 2004

- $2,410.85 - Jul 2004

- - - Aug 2004

- $2,500.00 - Sep 2004

- - - Oct 2004

- - - Nov 2004

(2) $2,825.50 2,900/2,751 Dec 2004

- - - Jan 2005

- - - Feb 2005

- $2,900.00 - Mar 2005

- $2,800.00 - Apr 2005

- - - May 2005

- - - Jun 2005

(3) $2,116.67 2,325/2,000 Jul 2005

- $2,425.00 - Aug 2005

- $1,975.00 - Sep 2005

- $2,100.00 - Oct 2005

[FlyingDonut]

that auction must have occurred at the absolute HEIGHT of it's "value" - which was probably two weeks after it was first distributed and it's existence known. i wonder if it would even get 10% of the 2300 now (i doubt it).

 

It does a little better than $230:

 

$2,425.00 - Oct 2003

- $1,439.00 - Nov 2003

- - - Dec 2003

- - - Jan 2004

- $2,000.00 - Feb 2004

- - - Mar 2004

- $1,499.90 - Apr 2004

- - - May 2004

- $2,222.22 - Jun 2004

- $2,410.85 - Jul 2004

- - - Aug 2004

- $2,500.00 - Sep 2004

- - - Oct 2004

- - - Nov 2004

(2) $2,825.50 2,900/2,751 Dec 2004

- - - Jan 2005

- - - Feb 2005

- $2,900.00 - Mar 2005

- $2,800.00 - Apr 2005

- - - May 2005

- - - Jun 2005

(3) $2,116.67 2,325/2,000 Jul 2005

- $2,425.00 - Aug 2005

- $1,975.00 - Sep 2005

- $2,100.00 - Oct 2005

 

 

Donut's Database only has raw numbers. Wow.

[14 of spades]

It does a little better than $230:

 

uhh... i think i conceded that already?

 

listing previous sales history is fine, but i have essentially retracted the statement.

[14 of spades]

in any case - the book's prices raises eyebrows (and not just mine).

 

if u disagree, look at all the threads regarding sales of this book.

 

and if u disagree further, this was taken from the CGC Hall of Shame (whether the book belongs there or not is debatable, but at the time it was posted, it didn't seem to be)