Recent Action #1 Sale

[aardvark88]

 

was there a Lost valley action1 ??

 

No because the collector thought the Action 1 cover was pedestrian & bought the Action 2 due to the far superior cover illustration by O'mealia.

[lou_fine]

this sale makes the lost valley tec 1 for $40k look even more like a super bargain buy (which it was!!!!!

 

was there a Lost valley action1 ??

 

Would definitely agreed with you here.

 

For some strange reason, however, this key book has just not kept pace with the other major GA books considering its relative rarity. This book used to sell for a significant premium to guide back in the mid 90's at around the same price range for mid-grade copies.

 

Basically not much of a real price increase in this book over the past 10 years. This has also been reflected in the OS guide with only minor increases throughout the years similar to other pre-hero GA books.

 

Probably the lack of available copies has also hurt this book since it's hard to generate market activity on a book when it hardly ever shows up in the marketplace.

[Aman619]

maybe, But I think its cause Tec 1 is a book that has had its day. Its meaning is mostly in what came after it. With the prices that the keys like Action 1 and Tec 27 etc get now, I dont think it raises the prices of 'obscure' books like this.... I think it leaves them in the dust.

 

Great book, but its future is all used up.

 

 

 

whers POV to get all these references that fill mah head?

[Crowzilla]

Agreed. The time when the pre-hero Tec's were selling for huge multiples was when guide was so incredibly cheap on them. It's not the first or even second title from the publisher and the value lies in what came later.

Yes, I love Detective #1, but as a long-term investment it pales beside the big four books (as do most other GA keys, even my favorite Adventure #40).

And you can't show over-guide sales to justify it as being a great investment when all sales over the past 20 years have been over guide. I kinda laugh when Mark said he showed the price increases in Action #1 in Overstreet as some kind of proof of performance when we all know guide has little bearing on reality.

I used to rail against things in the guide like when Showcase #8 was guiding for as much as Action #2 - how in the world could Overstreet even print something so comical? But of course the reality was there was no way you could purchase an Action #2 for anywhere near as low as a Showcase #8. So of course when guide was finally raised it looked like Action #2 had suddenly turned into a great investment, but of course it was still experiencing normal increases in value and guide was finally being brought closer to reality.

[rob_react]

For example, Is the MC 1 in VF+ now valued at $300,000?

 

[CentaurMan]

this sale makes the lost valley tec 1 for $40k look even more like a super bargain buy (which it was!!!!!

 

was there a Lost valley action1 ??

 

Would definitely agreed with you here.

 

For some strange reason, however, this key book has just not kept pace with the other major GA books considering its relative rarity. This book used to sell for a significant premium to guide back in the mid 90's at around the same price range for mid-grade copies.

 

Basically not much of a real price increase in this book over the past 10 years. This has also been reflected in the OS guide with only minor increases throughout the years similar to other pre-hero GA books.

 

Probably the lack of available copies has also hurt this book since it's hard to generate market activity on a book when it hardly ever shows up in the marketplace.

 

There have been 4 different copies of Detective #1 offered on Heritage the past 5 years. Three sold (two unrestored, one restored). The 4th (also restored) eventually sold on eBay. Metro has two copies for sale (one unrestored) as well. While I agree that the activity level on this issue is certainly lower than on the very top superhero keys, it's not entirely stagnant.

 

You know, it's funny. Prices on the book are stable and I can't see anything that would really get the book moving higher. Yet of all the keys I own (MF 52, Adv 40, A-A 16, Flash 1, All-Star 3, Whiz 1), no book generates the same *gasp* from my audience as the 'Tec #1. There's something about that book that triggers some primal instinct in a collector. And while it doesn't appear to have the same price appreciation potential, I certainly get the sense that its value is well-supported by a large group of guys like us who wouldn't let someone else get a copy too cheaply.

[buttock]

Just to weigh in with my $0.02:

 

1) That price is stupid. Mark, if you wanted to educate the buyer you'd have educated him not to buy it. You're trying to absolve yourself by stating that you provided him data. Sometimes to educate you have to give advice also. I can read about different therapies for diseases all day long, but I get much more out of talking to people who've done it.

 

2) For all the oohs and aahs about how nice the book is other than its defects, keep in mind that it has IRREVERSIBLE tape damage - that will probably just get uglier with time. Not to mention the chip off the spine. Again - the price was stupid.

 

3) I wish I would have bought the VF that was on PCE 10 years ago for $180K.

 

4) that price is stupid.

 

5) The buyer could have bought almost 20 ASM 129s in 9.8 for that price (which, BTW, was stupid)

 

6) I want to meet this guy and sell him some books.

 

7) that price is stupid.

[CentaurMan]

[Timulty]

Just to weigh in with my $0.02:

 

1) That price is stupid. Mark, if you wanted to educate the buyer you'd have educated him not to buy it. You're trying to absolve yourself by stating that you provided him data. Sometimes to educate you have to give advice also. I can read about different therapies for diseases all day long, but I get much more out of talking to people who've done it.

 

2) For all the oohs and aahs about how nice the book is other than its defects, keep in mind that it has IRREVERSIBLE tape damage - that will probably just get uglier with time. Not to mention the chip off the spine. Again - the price was stupid.

 

3) I wish I would have bought the VF that was on PCE 10 years ago for $180K.

 

4) that price is stupid.

 

5) The buyer could have bought almost 20 ASM 129s in 9.8 for that price (which, BTW, was stupid)

 

6) I want to meet this guy and sell him some books.

 

7) that price is stupid.

 

In defence of Mark(which he really doesn't need anyone to defend him. ) I would say that education is not the same as advice. That is the difference between teaching and mentoring. Mark did say to the buyer, if I am not mistaken, that this is a high retail price. Now to what extent I do not know. And seeing this just makes me want to pony up and buy a Whiz #1 or All-American #16. Because, I am getting the sense the unrestored copies are WAY undervalued.

 

Of course, I shouldn't predicate my decisions based on the uber-prices that other keys are selling for.

[FlyingDonut]

this sale makes the lost valley tec 1 for $40k look even more like a super bargain buy (which it was!!!!!

 

was there a Lost valley action1 ??

 

Would definitely agreed with you here.

 

For some strange reason, however, this key book has just not kept pace with the other major GA books considering its relative rarity. This book used to sell for a significant premium to guide back in the mid 90's at around the same price range for mid-grade copies.

 

Basically not much of a real price increase in this book over the past 10 years. This has also been reflected in the OS guide with only minor increases throughout the years similar to other pre-hero GA books.

 

Probably the lack of available copies has also hurt this book since it's hard to generate market activity on a book when it hardly ever shows up in the marketplace.

 

There have been 4 different copies of Detective #1 offered on Heritage the past 5 years. Three sold (two unrestored, one restored). The 4th (also restored) eventually sold on eBay. Metro has two copies for sale (one unrestored) as well. While I agree that the activity level on this issue is certainly lower than on the very top superhero keys, it's not entirely stagnant.

 

You know, it's funny. Prices on the book are stable and I can't see anything that would really get the book moving higher. Yet of all the keys I own (MF 52, Adv 40, A-A 16, Flash 1, All-Star 3, Whiz 1), no book generates the same *gasp* from my audience as the 'Tec #1. There's something about that book that triggers some primal instinct in a collector. And while it doesn't appear to have the same price appreciation potential, I certainly get the sense that its value is well-supported by a large group of guys like us who wouldn't let someone else get a copy too cheaply.

 

Having seen lots of Win's keys, the Detective 1 is beyond cool. I actually got to read it at the Chicago Forum Dinner last year (which is ANOTHER reason to sign up now for this year's), and he's exactly right - there's this primal "oh wow" when you see a Detective 1.

[buttock]

In defence of Mark(which he really doesn't need anyone to defend him. ) I would say that education is not the same as advice. That is the difference between teaching and mentoring.

 

Really? How did they teach at your schools? Did they just hand you a textbook? Why were there teachers there? Why do we pay teachers salaries?

[Timulty]

Actually at my school they handed you the book, TAUGHT the lesson and that was that. They didn't tell me how to study and whether a particular answer was a good decision. I could have found someone to mentor me but figured out what I needed on my own from STUDYING.

[Mr. Zipper]

I would be impressed if it were a Whiz Comics #1.

 

 

It's like you are the KRAZY KAT of Fawcetts!

 

[action1kid]

That 1994 PCE Copy is the V.F 8.5 at the top of the census today[rusted staples copy]

[thedude]

I got to see Centaurman's 'Tec #1 at last years Chicago Con, I was viewing books at Bob Beerhbohm's booth and Centaurman (although I didn't know who he was then), was showing Bob his 'Tec #1.

 

and I said " wow, hey, can I take a picture of that",

 

and CM said "sure, no problem you want to take it out and look at it".

 

I said "uh, no that's ok, you take it out for me, and flip through it".. cuz I didn't want to risk damaging his book by me handling it..

 

CM was very cool and nice about the whole thing we chatted for a bit, one of the most unusual things about the 'Tec #1 is that when you open it up, the very first page is a full page add page, like you'd see on the back of Action 1 or Tec 27,

then the second page is a full splash page of Slam Bradley by Siegel and Shuster, CM remarked on how ahead of their time Siegel and Shuster were with big splash pages like that. I remember he said " cutting edge stuff for the time "

 

it was very cool, and I will be back at Chicago Con again this year, and here is that pic I took of CM 'Tec #1, I hope he doesn't mind me posing it, and I apologize if I've derailed this Action #1 thread, which would be the last thing I'd want to do.

 

Centaurman's Detective Comics # 1

 

[markseifert]

Prices on the book are stable and I can't see anything that would really get the book moving higher. Yet of all the keys I own (MF 52, Adv 40, A-A 16, Flash 1, All-Star 3, Whiz 1), no book generates the same *gasp* from my audience as the 'Tec #1. There's something about that book that triggers some primal instinct in a collector. And while it doesn't appear to have the same price appreciation potential, I certainly get the sense that its value is well-supported by a large group of guys like us who wouldn't let someone else get a copy too cheaply.

 

Yeah, despite the number of very good points expressed about the book in this thread, it still has a few things going for it that could appeal to current and future generations of collectors. One aspect that's always appealed to me is that it is the first issue of the longest running (and of course, still going strong) series in comics. That gives it a connection to the present day even though it's pre-hero.

 

As you say, it probably won't appreciate as much as the big keys, but it does have a unique place in history among the early DC books.

[Timulty]

I would be impressed if it were a Whiz Comics #1.

 

 

It's like you are the KRAZY KAT of Fawcetts!

 

 

My apologies. Just that no one gives Whiz Comics #1 proper credit. I will back off now.

[Comicdey]

I would be impressed if it were a Whiz Comics #1.

 

 

It's like you are the KRAZY KAT of Fawcetts!

 

 

My apologies. Just that no one gives Whiz Comics #1 proper credit. I will back off now.

 

You should wait to pump it up after you have a copy or 2....

 

Beautiful TEC 1.

 

On to the world of Action 1..............

[tth2]

1) That price is stupid. Mark, if you wanted to educate the buyer you'd have educated him not to buy it. You're trying to absolve yourself by stating that you provided him data. Sometimes to educate you have to give advice also. I can read about different therapies for diseases all day long, but I get much more out of talking to people who've done it.

What is this, some socialistic nanny state? I agree with you that the price is stupid, but I cannot believe you`re making Mark out to be the bad guy in this. Mark said he gave the buyer all relevant recent sales data. The guy had $195,000 to blow on a comic, so he`s not some unsophisticated buyer. Mark was selling a book at a certain price and as long as he didn`t mislead the buyer in any way or hold a gun to his head, Mark is entitled to get the best price he can. Anyone able to pay $195K for a comic should be able to do his own due diligence or retain people to advise him.

 

Should I try to find whoever purchased my Cisco shares back in March 2000 and apologize and return their money because I should have educated and advised them that the price was a crazy stupid bubble price and was clearly unsustainable?

[action1kid]

I remember how Dave Anderson was thought to be crazy for paying 25000 for the Mile High Action #1 IN 1982. Just an insane price I remember.. Even though this 4.0 book is in a much lower grade ,the same principle will apply to it.. Insane price for the moment, yes.But not at all an insane price 5 to 7 years out.You really need to purchase a book with foward insight, not only its present cost.If your buying this book for a flip[parrino] than you are stupid.If your buying it as an investment,that is smart...It will work. Than you will say [just like chuck] only if I had The insite to hold it myself. Hopefully this man will hold it for 10 years and you will see with forsight that This was an ok deal and everyone made alot of money because thats whats gonna happen if he holds it.