Sell or wait in today's down market? 1 1

[serling1978]

I've got a TTA 27 and 35 (both blue label, 4.0 and 4.5 respectively) to sell and with the current market I'm totally lost on when is the best time to sell. I figured the best time to sell would be at the time of the trailer but I haven't seen any evidence of the bump that has typically happened in this situations.  I'm sure it's a combination of fringe collectors bailing,  existing collectors getting out of that cycle,  the recession,  etc. But now I really can't decide if waiting will just result in lower returns. 

I know nobody has a magical crystal ball, but I'd love to hear and weigh any opinions.  Thanks!

 

 

Edited October 27, 2022 by serling1978
Typo!!!!!

[THE_BEYONDER]

Let them percolate a little while longer....

[mattn792]

Unless you really need the cash now, hold onto them for the time being.

[fast eddie]

Yeah,,,,,, those are keepers unless you are in dire straits.

[Vixom]

I would have sold them years ago. If I found one tomorrow I would sell it asap. You never know though. Maybe captain america leaves him his shield and he gets a disney plus show and the books double. 

[1Cool]

I'd sit on them at least until next spring to see if the market bounces back.  Prices seem to be taking a nose dive for most books so I think it's worth the risk to hold out until people get their tax refunds.

[theCapraAegagrus]

I wouldn't be telling anyone to hold anything right now.

[ThothAmon]

IF prices are returning to 2019 levels their still expensive. For what it’s worth the best time to sell is when you don’t need the money and taking a profit is never a mistake. 

Edited October 28, 2022 by ThothAmon

[comicginger1789]

Everything should have been sold in 2021

[The Lions Den]

On 10/27/2022 at 7:49 PM, serling1978 said:

I've got a TTA 27 and 35 (both blue label, 4.0 and 4.5 respectively) to sell and with the current market I'm totally lost on when is the best time to sell. I figured the best time to sell would be at the time of the trailer but I haven't seen any evidence of the bump that has typically happened in this situations.  I'm sure it's a combination of fringe collectors bailing,  existing collectors getting out of that cycle,  the recession,  etc. But now I really can't decide if waiting will just result in lower returns. 

I know nobody has a magical crystal ball, but I'd love to hear and weigh any opinions.  Thanks!

 

 

Those are what I'd call "blue chip" comics, meaning they're always going to be desirable, especially if they're blue label CGC books. Prices may be coming down right now, but these things tend to be cyclical, and predicting the "right time" to sell can be tricky.

There's no harm in testing the waters, though...    

 

 

[THE_BEYONDER]

On 10/28/2022 at 10:04 AM, The Lions Den said:

Those are what I'd call "blue chip" comics, meaning they're always going to be desirable, especially if they're blue label CGC books. Prices may be coming down right now, but these things tend to be cyclical, and predicting the "right time" to sell can be tricky.

There's no harm in testing the waters, though...    

 

 

I guess it depends on what the OP paid for the books.  If the buy-in was less than current sale prices, it might be worth jumping out and buying something else with the money.   If selling at current prices means taking a loss, maybe hold on & hope you get your investment back with a future MCU bump.

[Robot Man]

Flip them and buy classic GA PCH and GGA books. Anything with a babe chained to a wheel will never let you down…

[comicginger1789]

If I had the time, I would be intrigued though to see if I had sold my top 100 comics (in terms of value) last year and then tried to get them back right now, how that would look....maybe I will start a journal exploring this 

[zzutak]

Check out these two graphs.  The upper graph shows the fluctuation of the Fed Funds Rate (read: interest rate) over the past 70 years.  The lower graph shows the variation in M2 (a broad measure of money supply) during the same period.  The true anomalies are (1) the near-0% rates in effect from 2009-2022 and (2) the near-vertical spike in M2 in 2020.  These anomalies have led to huge distortions in the "value" of all collectibles, not just comics.

Do you expect a return to 0% interest rates?  Do you think we could never again see 10+% interest rates? 

[Dr. Balls]

On 10/28/2022 at 9:52 AM, Robot Man said:

Flip them and buy classic GA PCH and GGA books. Anything with a babe chained to a wheel will never let you down…

That's my 10-year plan with my GA collection. Horror will always be in, and the survivability of GA books is way lower than the other ages, so eventually as more people gravitate to GA over the next few years, I think the demand will surge prices on books, especially once we really start seeing how few of these books are around anymore.

Personally, the "when" of selling a book depends on my rate of return versus how long I've held it. Have you held it for a few years and want a 40% return? Have you held it for 6 months and can live with a 10% return? Is FOMO on future profit keeping you from selling it now for a realistic gain?  Do you sell lots of comics that give you variable rates of returns that can culminate into a profit? So many variables on selling.

[littledoom]

Sell later

[Nick Furious]

I would expect the FMV floor for blue-chip books like that to be about 25% over FMV at the end of 2019 (10% from inflation and 15% from sustainable increased collector demand).  I don't know where they are now, but I anticipate prices over the next 6 months to approach that bottom without going below.  I suspect they will stay there for a while.     

[EastEnd1]

Now is not the time to sell... UNLESS you're looking to put the funds into other books (or investments) you expect to come back better.

[darkstar]

On 10/28/2022 at 7:31 AM, theCapraAegagrus said:

I wouldn't be telling anyone to hold anything right now.

awful blanket advice

[shadroch]

Seeing as I just sold eveything, I'll let me actions speak for themselves.