Stock market/crypto collapse effect on pricing 2 2

[vodou]

My low/high estimate was $1800-$2500.

I think that's what it would do at Heritage, naturally the usual ComicLink buyer's market discount applies.

But even so - $1300 is what it should have done at least.

[comix4fun]

On 5/14/2022 at 12:18 PM, MAR1979 said:

What amount do you feel is (or was) the going rate?  My opinion is its probably within 10% of FMV

That's the price range where a page with Cap defeating the SECOND LARGEST of General Lyle Dekker's henchmen should have sold. Telling....so telling. 

[MAR1979]

eBay can be a roll of the dice as the polluted with garbage Original Comic Art category is avoided by many buyers who simply don't have the time or patience to separate wheat from chaff. 

 

Edited May 14, 2022 by MAR1979

[John E.]

On 5/14/2022 at 1:39 PM, MAR1979 said:

eBay can be a roll of the dice as the polluted with garbage Original Comic Art category is avoided by many buyers who simply don't have the time or patience to separate wheat from chaff. 

 

When buyers don’t have the time or patience to separate wheat from chaff, they will simply redefine wheat and chaff. 

[New School Fool]

On 5/14/2022 at 1:43 PM, Race said:

It was not specific books, just slabs in general -- basically treating them as if they were a commodity like gold. 

I've mentioned this for a while but comics and OA were recognized as targets for investment by the wealthy, non-comics community a long time ago. I believe the combination of youth + instant wealth from crypto + MCU over the past two years was a perfect storm, one which has now driven prices to all time highs. 

I would love to agree with you, but I don't purely on the fact that the recent rise in comic art prices seem to follow the buying trends and habits of this board. i.e. The old school collectors.

'Crypto money' seems to be the go to explaination for all purchases that people are confounded by, or refuse to believe are made by genuinely wealthy collectors. I have yet to see one piece of concrete evidence of a Crypto Wealthy individual put their new found money into comic art. (apart from certain dealers claiming that's the case)  Until I do, it's all hearsay.

@Xatari mentioned this in another post. This hobby is far to full of nuance and insider knowledge for a wealthy outsider to jump in and navigate successfully. If young crypto millionaires were suddenly jumping into comic art, I would expect to see sales and price increases indescriminately across *all* facets of the hobby. I'm 100% not seeing this. Art by popular modern artists that sell monoprints are selling but not flying off the shelves. New art by traditional artists neither.

On the other hand, prices for Silver and Bronze age artists, Jim Lee, McFarlane, Erik Larson etc. Are flying. In other words, trends that follow the buying habits of this board, a certain subset of comic art collectors. Why would new comic art buyers automatically fit into this subset?

In contrast, What I have seen those with new Crypto money buy are those Ape and Beeple NFTs....there are various Twitter posts when one of them brags about making such a purchase. Why do they go silent when they supposedly buy comic art? I'm not saying it doesn't happen, but definitely not to the extent that some here believe it does. Not enough to sway the market for example.

 

Once again, show me some concrete evidence and I'll likely change my mind.

[Guest Race]

The buying trends and spending habits of the wealthy collectors on this board did not result in the hammer price for that Secret Wars page, so how do you choose to explain it? Things are moving much faster in the collectibles world than people realize... do you know there are now "fractional collectibles ownership" models, similar to Robinhood's fractional stock ownership vehicle? Note that comics are being targeted in this model: 7 Questions for Leon Benrimon, Vice President of StartEngine, the Tech Platform That's Shaking Up the Collecting Game (artnet.com). Here are some others (not targeting comics, but same idea):

Logan Paul's Liquid Marketplace raises $8 million to let fans own fractions of prized collectibles - Tubefilter

Luxus wants the crown jewel of your portfolio to be an actual diamond | TechCrunch

FYI I am not opposed to "non-comics" money, as it benefits those of us holding desirable art in the short term. In the long term, however, it sets the stage for a terrible bubble a la Gamestop stock.

Edited May 16, 2022 by Race

[New School Fool]

On 5/16/2022 at 3:25 PM, Race said:

The buying trends and spending habits of the wealthy collectors on this board did not result in the hammer price for that Secret Wars page, so how do you choose to explain it? Things are moving much faster in the collectibles world than people realize... do you know there are now "fractional collectibles ownership" models, similar to Robinhood's fractional stock ownership vehicle?

I read somewhere or heard in an interview that someone was privy to who made that Secret Wars 8 purchase and it was in fact a seasoned collector and not a Crypto-Newbie. I'm pretty sure it was Joe Mannarino being interviewed by Bill Cox on Comic Art Live....will have to double check.

I have heard of fractional ownership. This exists in the world of contemporary art buying. I have yet to see it being attributed to comic art though and don't think we can attribute this to the recent rise in prices.

 

Edit : here's the video I was referring to. Listen from 7mins 15secs. Nick says the buyer is someone 'they know' and not a crypto buyer.

 

Edited May 16, 2022 by New School Fool

[Guest Race]

Someone they know = wealthy = could be anyone 

 

Edited May 16, 2022 by Race

[New School Fool]

On 5/16/2022 at 7:08 PM, Race said:

Someone they know = wealthy = could be anyone 

 

I think the point he is trying to make is that it is someone known in the hobby and not an outside investor with new Crypto Money.

[srebenscki]

The stock market and crypto fluctuations can really keep us on our toes, right?

Your estimates make sense, especially factoring in market dynamics. But in such unpredictable times, do you think folks are looking into options like mpc wallet as a service to secure their assets during these ups and downs?

Edited November 3, 2023 by srebenscki

[Dr. Balls]

On 10/27/2023 at 10:52 AM, srebenscki said:

The stock market and crypto fluctuations can really keep us on our toes, right?

More like being randomly socked in the nuts from time to time.