Heritage June Auction 7 7

[comix4fun]

On 6/17/2022 at 6:12 PM, Twanj said:

Publicly yes. Privately it sounds like no.

 

The Four Jim Lee X-men 1 covers can hardly be considered a single piece of art, can they? 

A lot of "interlocking" cover pieces go for outsized numbers compared to their single cover counterparts due to the fact that it's not one piece of art, but many. 

[G.A.tor]

On 6/17/2022 at 7:05 PM, drdonaldblake1 said:

Do you know when and what that sold for?

57k and change 

[delekkerste]

On 6/17/2022 at 7:16 PM, comix4fun said:

The Four Jim Lee X-men 1 covers can hardly be considered a single piece of art, can they? 

A lot of "interlocking" cover pieces go for outsized numbers compared to their single cover counterparts due to the fact that it's not one piece of art, but many. 

I would normally agree, but, since they were all used together as one image on the deluxe wraparound/gatefold #1E version of X-Men (1991)...I will allow it!!  

[delekkerste]

On 6/17/2022 at 7:00 PM, drdonaldblake1 said:

Hey gene, does the cover OA for hulk 181 actually exist? For real??

Would be fantastic if it does!

Yes, yes and yes! 

[John E.]

What I want to know is where are all the Robert Pattinson emo Batman memes that I was expecting. I need to be told how to feel about this DKR1 auction with pathos!!!! 

“I don’t understand what happened, Alfred.”

”You can only cut bid once per lot, Mastuh Bruce.”

“You disabled my bid button on purpose didn’t you. DIDN’T YOU?!”

Edited June 18, 2022 by John E.

[John E.]

Me: Hey dad! Did you hear about the Dark Knight Returns #1 cover? Came in at two-point-four mil with the juice. That’s too bad.

Dad: What’s the problem?

Me: Well, the pundits and experts were saying it was going to blow past the previous record in a bidding war that never happened. It was pretty anticlimactic. 

Dad: Was it published by Marvel?

Me: Um, no. It’s a DC comic. 

Dad: Is Spider-Man in it?

Me: Uh, no, Dad. I just said it’s a DC book.

Dad: Well, there you go. There’s your answer. 

Me: But it’s an iconic cover!

Dad: No one’s saying it’s not, son. But if you’re asking me, two-point-four mil is a lot of @?$!#ing money for a lighting bolt…

Me: Buh—

Dad: …without Spider-Man.

Edited June 18, 2022 by John E.
“💲”

[Brian Peck]

On 6/17/2022 at 4:05 PM, drdonaldblake1 said:

Do you know when and what that sold for?

July 2021 $57,600

[Humpty-Dumpty]

On 6/17/2022 at 2:32 PM, Rick2you2 said:

Spoken like a gold bug . Inflation is a necessary part of the economic system in order to counterbalance technological improvements and increased efficiencies which increase the value of what they buy, while reducing the cost to produce. Inflation means people have to improve their absolute income in order to maintain relative wealth. The Fed these days is okay with 2%, and can tolerate 3%. What we are seeing now is also the result of a pumped up economy on funds that saved us from a COVID induced depression—add money to the system so it doesn’t freeze up like it did to trigger the Great Depression. But, we also have our wonderful politicians, and Fed, who helped prime the pump after the Great Recession, and never fully pulled back spending afterward. Then, throw in market dominating companies who have pricing power. They Hoover up capital, helping to make the rich richer, and the rich then put their money in collectibles. 
 

I agree that collectibles are overpriced, but I don’t have the same “gloom and doom” attitude about the rest. We live on a relative scale, and the economic system remains grounded—except in the financial markets, including collectibles. We have full employment, with labor actually pushing back with union backing. We have cost inflation, but the very latest reads show a consumer pushback on costs is starting. Reports on housing in the last 2 weeks or so show softening in some places. In 6 months or less, that type of inflation will be under control if fossil fuels get under control. But if price/earnings ratios return to what they were 10 years ago, there will be a whole lotta hurt in the stock market.
 

 

The people have been brainwashed by 100+ years of the Fed banking system. Inflation is an integral part of this system, yet it need not be part of a healthy economic system, including even this broken system. Even the business cycle is not what they have drummed into the minds of people, yet we just accept it because that is all we know. This not due to covid or even the 2008 recession, although they play a primary role. This is due to decades and decades of a fiat based system which went off the gold standard in 1971. These are the core reasons. Most every other explanation is essentially financial mumble jumble that they like to throw at us, and that the talking heads parrot.. This is what they like to do, confuse people with their double talk finance speak, to distract them from the real issues. 

The economic system is anything but grounded. We do not have full employment. I don't know what you are looking at, but the opposite of what you are stating is the real economic elements. This is not cost inflation; or maybe on the peripheral you can say it is, yet fundamentally this is politically induced inflation. This inflation cannot come under control until two things happen. One we need to raise interest rates at the same level of the inflation rates, which is at about 20%. Two, we need to regain our political footing regarding the economy, which is extremely unlikely at this time. In raising interest rates to 20%, you can say goodbye to any chance of reviving the economy. Yet this is how the Fed has trapped itself. They can not save this economy no matter what they do, because of their actions over the last 25 to 50 years, and again, they know it. We long ago reached the point of no return. Did it ever occur to you they are purposely and systematically destroying this current system? 

[Humpty-Dumpty]

On 6/17/2022 at 3:47 PM, Rick2you2 said:

I don’t think you can just blame the central banks here. A lot of the blame goes more pointedly to the big private banks who didn’t want to write down their loans, and companies who didn’t want to devalue their assets. In a sense, it’s a bit like the way some 401(k)’s now allow a percentage of retirement funds to be put in crypto to boost their returns. Bury the losses and hope things work out. ☠️

I say this respectfully, you are being naive regarding this subject. Who do you think controls the big private banks?

Edited June 18, 2022 by Humpty-Dumpty
wording

[DeadpoolJr.]

I came for the auction results but stayed for the monetary policy discussion. 

[Peter G]

On 6/18/2022 at 12:09 AM, Humpty-Dumpty said:

The people have been brainwashed by 100+ years of the Fed banking system. Inflation is an integral part of this system, yet it need not be part of a healthy economic system, including even this broken system. Even the business cycle is not what they have drummed into the minds of people, yet we just accept it because that is all we know. This not due to covid or even the 2008 recession, although they play a primary role. This is due to decades and decades of a fiat based system which went off the gold standard in 1971. These are the core reasons. Most every other explanation is essentially financial mumble jumble that they like to throw at us, and that the talking heads parrot.. This is what they like to do, confuse people with their double talk finance speak, to distract them from the real issues. 

The economic system is anything but grounded. We do not have full employment. I don't know what you are looking at, but the opposite of what you are stating is the real economic elements. This is not cost inflation; or maybe on the peripheral you can say it is, yet fundamentally this is politically induced inflation. This inflation cannot come under control until two things happen. One we need to raise interest rates at the same level of the inflation rates, which is at about 20%. Two, we need to regain our political footing regarding the economy, which is extremely unlikely at this time. In raising interest rates to 20%, you can say goodbye to any chance of reviving the economy. Yet this is how the Fed has trapped itself. They can not save this economy no matter what they do, because of their actions over the last 25 to 50 years, and again, they know it. We long ago reached the point of no return. Did it ever occur to you they are purposely and systematically destroying this current system? 

My hero 🥰

[CGC Mike]

I'll post a reminder that politics are not allowed on this forum. 

[Guest Race]

On 6/18/2022 at 7:03 AM, CGC Mike said:

I'll post a reminder that politics are not allowed on this forum. 

Is that your real picture?

[CGC Mike]

On 6/18/2022 at 7:11 AM, Race said:

Is that your real picture?

Yes.

[cstojano]

Heritage auction threads always meander and never disappoint.

[jjonahjameson11]

I’m 0 for 4 thus far in this auction.  Hopefully, I’ll win a piece or two tomorrow 😎

[Guest Race]

[batman_fan]

On 6/18/2022 at 5:03 AM, CGC Mike said:

I'll post a reminder that politics are not allowed on this forum. 

Mike drops the hammer, but in a very polite way.

[John E.]

On 6/17/2022 at 8:21 AM, delekkerste said:

And, in doing so, they got the market and economy so addicted to a constant drip of monetary heroin (stimulus) that every little wobble in the markets was met with more stimulus, from the original "taper tantrum" in 2013 to the Fed folding its rate normalization plan at the end of 2018 in the face of falling stock prices, to the short-term financing (repo) market simply not working anymore by the fall of 2019, at which point the Fed was forced to re-start the printing press just to keep the heroin-addicted market from going into withdrawal. And then of course what happened in 2020-21...

As a graduate of HBS (That’s Hobo Business School: The World’s Leader in Producing Tomorrow’s Poor Financial Decision Makers) I don’t have the brain to understand any of what you said, but as long as it means that it weeds out the speculators, the flippers, and the wannabe dealers from this hobby, well, golly, I’m all for it, Cap’n 🫡

[vodou]

On 6/18/2022 at 10:03 AM, John E. said:

As a graduate of HBS (That’s Hobo Business School: The World’s Leader in Producing Tomorrow’s Poor Financial Decision Makers) I don’t have the brain to understand any of what you said, but...

All good. I'm just tickled pink that the All Hat, No Cattle playahs and handicappahs were revealed to lack the ability to raise even $2.5m* to press the DKR1 cover higher 

Does this mean everything collapses next week or even next year? No -coincidence is not causation. It's just a ever so beautiful data point.

 

*Which is literally nothing in 2022, many of you have primary (some even secondary) residences valued at more than this.