Trim JIM in Heritage Auction

[shadroch]

Thats the reason I would guess-the cash advance,cash flow aspect. Almost every business I know of experiances cash flow problems. My nightclub used to generate well in excess of $25,000 a week but I'd still run into cashflow problems every so often. Happens to the best business'

i'd like to see this thingsettled before I leave for my trip. I wish Dog would just show a scan of the finished products invoice,then perhaps we can forget about the other inconsistancies. Or not.

[THE_BEYONDER]

Thats the reason I would guess-the cash advance,cash flow aspect. Almost every business I know of experiances cash flow problems. My nightclub used to generate well in excess of $25,000 a week but I'd still run into cashflow problems every so often. Happens to the best business'

i'd like to see this thingsettled before I leave for my trip. I wish Dog would just show a scan of the finished products invoice,then perhaps we can forget about the other inconsistancies. Or not.

 

You meant "Doug"...right?

[batman_fan]

With all due respect,

 

I don't know Doug and I don't know what went on with all this trimmed book relative to Doug, but the one thing that is 100% clear is CGC HAS NO ABILITY TO DETECT EWERT TRIMMED BOOKS. Come on folks, this is one thing we all know with 100% CERTAINTY!!! Am I the ONLY ONE that is disturbed by this?

 

Let me say it one more time,

 

 

CGC CANNOT DETECT EWERT TRIMMED BOOKS!!!!!

 

Ask yourself, does this fact matter to you? How many Ewert trimmed books exists? One? Ten? one hundred?

 

What other books have been or are being trimmed right now?

 

For me, this cast a huge shadow on ALL Silver age and bronze age books. I need to take a long hard look at some dates before I would even feel comfortable with SA and BA in old holders.

 

Doug, I hope this all works out for you, but come folks, let deal with what we know with 100% CERTAINTY!!!!!!!!!!!!!

[Norrin_Radd]

For me, this cast a huge shadow on ALL Silver age and bronze age books.

 

Golden Age!

[tth2]

With all due respect,

 

I don't know Doug and I don't know what went on with all this trimmed book relative to Doug, but the one thing that is 100% clear is CGC HAS NO ABILITY TO DETECT EWERT TRIMMED BOOKS. Come on folks, this is one thing we all know with 100% CERTAINTY!!! Am I the ONLY ONE that is disturbed by this?

 

Let me say it one more time,

 

 

CGC CANNOT DETECT EWERT TRIMMED BOOKS!!!!!

 

Ask yourself, does this fact matter to you? How many Ewert trimmed books exists? One? Ten? one hundred?

 

What other books have been or are being trimmed right now?

 

For me, this cast a huge shadow on ALL Silver age and bronze age books. I need to take a long hard look at some dates before I would even feel comfortable with SA and BA in old holders.

I agree that this is by far the most troubling aspect of this whole fiasco.

[sfilosa]

1) Heritage can and does give up-front money. I believe it can be up to 50% of value consigned. I think it even says it on their website.

 

2) Heritage does not always charge the seller a premium of 15%. It could be any amount from zero to 15% (all depends on how much and who's consigning).

 

Those are two big reasons that people do and will continue to consign.

[batman_fan]

The one and only book I sold through Heritage had the SP waived up to my reserve and then beyond my reserve it kicked in, but the percent varied such that I always ended up with my reserve amount. It went for over my reserve but they didn't get the full 15%. For them, still a good deal, that got a key book to highlight aand made the full BP off it.

[Aman619]

With all due respect,

 

I don't know Doug and I don't know what went on with all this trimmed book relative to Doug, but the one thing that is 100% clear is CGC HAS NO ABILITY TO DETECT EWERT TRIMMED BOOKS. Come on folks, this is one thing we all know with 100% CERTAINTY!!! Am I the ONLY ONE that is disturbed by this?

 

Let me say it one more time,

 

 

CGC CANNOT DETECT EWERT TRIMMED BOOKS!!!!!

 

Ask yourself, does this fact matter to you? How many Ewert trimmed books exists? One? Ten? one hundred?

 

What other books have been or are being trimmed right now?

 

For me, this cast a huge shadow on ALL Silver age and bronze age books. I need to take a long hard look at some dates before I would even feel comfortable with SA and BA in old holders.

 

Doug, I hope this all works out for you, but come folks, let deal with what we know with 100% CERTAINTY!!!!!!!!!!!!!

 

this is true. And follwoing this reasonig, this can only hurt CGC and the whole graded comics business plan. Before CGC we couldnt tell. But now we have CGC 'guaranteeing' they can catch it (trimming and other resto techniques) so we are now safer and paying the slab tax is a good thing for peace of mind.

 

But if CGC cannot spot it, its not the comics that we must be wary about, its our reliance on CGC thats up for grabs. Either they need a better resto expert, or we need to utilize outside specialists who can vet the books for resto that CGC cannot catch - - assuming they (Susan?) can.

 

But, inf you think about it, we are no better off than before in regard to trimming in that we were probably buying trimmed books PRE-CGC too. Thi sis part of the ongoing perception issue: if CGC i san often inconsistent grader, AND misses resto (not to mention does not regard pressing as resto) just what are we paying them for? And why put so much stock ( = cash) into their opinions?

[FFB]

With all due respect,

 

I don't know Doug and I don't know what went on with all this trimmed book relative to Doug, but the one thing that is 100% clear is CGC HAS NO ABILITY TO DETECT EWERT TRIMMED BOOKS. Come on folks, this is one thing we all know with 100% CERTAINTY!!! Am I the ONLY ONE that is disturbed by this?

 

Let me say it one more time,

 

 

CGC CANNOT DETECT EWERT TRIMMED BOOKS!!!!!

 

Ask yourself, does this fact matter to you? How many Ewert trimmed books exists? One? Ten? one hundred?

 

What other books have been or are being trimmed right now?

 

For me, this cast a huge shadow on ALL Silver age and bronze age books. I need to take a long hard look at some dates before I would even feel comfortable with SA and BA in old holders.

 

Doug, I hope this all works out for you, but come folks, let deal with what we know with 100% CERTAINTY!!!!!!!!!!!!!

 

this is true. And follwoing this reasonig, this can only hurt CGC and the whole graded comics business plan. Before CGC we couldnt tell. But now we have CGC 'guaranteeing' they can catch it (trimming and other resto techniques) so we are now safer and paying the slab tax is a good thing for peace of mind.

 

But if CGC cannot spot it, its not the comics that we must be wary about, its our reliance on CGC thats up for grabs. Either they need a better resto expert, or we need to utilize outside specialists who can vet the books for resto that CGC cannot catch - - assuming they (Susan?) can.

 

But, inf you think about it, we are no better off than before in regard to trimming in that we were probably buying trimmed books PRE-CGC too. Thi sis part of the ongoing perception issue: if CGC i san often inconsistent grader, AND misses resto (not to mention does not regard pressing as resto) just what are we paying them for? And why put so much stock ( = cash) into their opinions?

 

Here's what Susan says about detecting trimming. (From her article on restoration in the Overstreet Grading Guide.)

 

[Sal]

With all due respect,

 

I don't know Doug and I don't know what went on with all this trimmed book relative to Doug, but the one thing that is 100% clear is CGC HAS NO ABILITY TO DETECT EWERT TRIMMED BOOKS. Come on folks, this is one thing we all know with 100% CERTAINTY!!! Am I the ONLY ONE that is disturbed by this?

 

Let me say it one more time,

 

 

CGC CANNOT DETECT EWERT TRIMMED BOOKS!!!!!

 

Ask yourself, does this fact matter to you? How many Ewert trimmed books exists? One? Ten? one hundred?

 

What other books have been or are being trimmed right now?

 

For me, this cast a huge shadow on ALL Silver age and bronze age books. I need to take a long hard look at some dates before I would even feel comfortable with SA and BA in old holders.

I agree that this is by far the most troubling aspect of this whole fiasco.

 

right. start thinking about the other clients that this trimmer may have had besides Ewert. unless we think JE did the trimming himself, which is something i doubt.

 

not only do we not know how many might be out there, we don't even know who may have been selling them. now that is a scary prospect

[Aman619]

I know its very hard, and I remember that quote from Susan too (hence the Susan?)

 

... but shall we settle for "its really hard, guys.. cut us a break." If you are saying that overall, we are mostly okay in CGCs hands etc, I agree for the most part. But the economics of HG comics these past 5 years have been built on various assumptions in regards to CGC and their abilities. And these are being questioned now with what we know and have seen occur. And if these assumptions prove to be untrue (or merely perceived so) or CGC unreliable, it will be reflected in the marketplace---and I dont think it will be a positive change pricewise.

 

We will of course look back and question our choices and buying decisions, sure, and the blame will be essentially our own collective gullibility. But as inevitible as this often sounds around here, do any of us (except JC) really want this? I for one want CGC to do all it can to PREVENT this from coming, and not blithely keep steaming toward the iceberg that they either dont think is out there, or can be avoided later on.

[THE_BEYONDER]

We will of course look back and question our choices and buying decisions, sure, and the blame will be essentially our own collective gullibility. But as inevitible as this often sounds around here, do any of us (except JC) really want this? I for one want CGC to do all it can to PREVENT this from coming, and not blithely keep steaming toward the iceberg that they either dont think is out there, or can be avoided later on.

 

 

You want the insane multiples for .2 increments to continue?

[FFB]

I know its very hard, and I remember that quote from Susan too (hence the Susan?)

 

... but shall we settle for "its really hard, guys.. cut us a break." If you are saying that overall, we are mostly okay in CGCs hands etc, I agree for the most part. But the economics of HG comics these past 5 years have been built on various assumptions in regards to CGC and their abilities. And these are being questioned now with what we know and have seen occur. And if these assumptions prove to be untrue (or merely perceived so) or CGC unreliable, it will be reflected in the marketplace---and I dont think it will be a positive change pricewise.

 

We will of course look back and question our choices and buying decisions, sure, and the blame will be essentially our own collective gullibility. But as inevitible as this often sounds around here, do any of us (except JC) really want this? I for one want CGC to do all it can to PREVENT this from coming, and not blithely keep steaming toward the iceberg that they either dont think is out there, or can be avoided later on.

 

Personally, I think it's crazy the extent to which people will pay major premiums of 2-4X for high grade CGC books vs. high grade raw books that are sold by respectable dealers. I think that a CGC graded book deserves some premium because of the increased liquidity of the book and the grade "confirmation" and restoration check, but I don't think a slab makes a book twice as valuable or more than it was before it went into the slab.

 

I think it's equally crazy to think that CGC or anyone in the industry will be able to detect all restoration all of the time. Like Steve has said before, CGC is not perfect. But except for Chris Friesen, the guys at CGC are probably as good as anyone in the business at detecting restoration. Their opinion does have added value, even after the Ewert fiasco. CGC still catches a lot of restoration, although I am sure that some scumbag somewhere will always be able to slip some books by them if the restoration is minor enough and well hidden. I just wish Friesen were still there doing the restoration checks. The man is just plain good!

[RDK]

It would be a lot easier for all of us if we just accepted trimming. We wouldn't have to worry about crooked dealers or about CGC's reliabiity. And all of our books would look a lot nicer and be worth more money.

 

[FFB]

It would be a lot easier for all of us if we just accepted trimming. We wouldn't have to worry about crooked dealers or about CGC's reliabiity. And all of our books would look a lot nicer and be worth more money.

 

 

Hell, why not? The comics are trimmed on all three edges at the bindery, aren't they? What's a little more off?

[Red Hook]

I also agree that it's awful the Freisen had to go into a witness protecton program.

 

So where is he, and what is he doing these days? Anybody know?

[THE_BEYONDER]

I also agree that it's awful the Freisen had to go into a witness protecton program.

 

So where is he, and what is he doing these days? Anybody know?

 

He's working at PCS.

[Red Hook]

Doing what, for whom?

[THE_BEYONDER]

Doing what, for whom?

 

I never got an invite...so I couldn't tell you. I'm sure CGC would be willing to answer your questions.

[Red Hook]

Doing what, for whom?

 

I never got an invite...so I couldn't tell you. I'm sure CGC would be willing to answer your questions.

 

 

I always liked your sense of humor.