Recent Action #1 Sale

[buttock]

Whoa there, kiddo. You're reading WAY more into that than I said. Go drink a beer, smoke a couple of cigarettes, take a deep breath, then read it again.

 

I agree the guy has the right to blow his wad in any way possible, "a fool and his money are soon parted." That doesn't mean he's sophisticated though (in fact, I think this purchase qualifies him as a "sucker"). There are plenty of with cash. I could give a rat's what he does with his dough, but what Mark is doing is like Pilate trying to wash his hands with jargon and legalistic motions (all I did was set the crack-pipe and lighter in the addict's hands - it wasn't my fault he smoked it!). But do you know who this guy will be pizzed at when he tries to sell it down the line?

 

And don't link me with socialism in any form.

[Aman619]

hey, anyone ever think it was mostly Beschara doing the sales on this book?

[CentaurMan]

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.

 

Out of curiousity, what price could he have paid today that you wouldn't have made the above statement in support of? If you're saying that paying this price and holding the book for 10 years is smart, then let's say you're assuming "smart" means a 7% annual return, which is the current risk-free (5-yr treasury) return plus 2.0%. $195K today + 7% a year compounded for 10 years = $384,000 in 2016. So in your mind it would be reasonable to assume that in 2016 this is a $384,000 book?

 

Because if not, then I don't think it was a wise investment, as he could probably clear that 7% rate of return in any number of other assets.

[buttock]

hey, anyone ever think it was mostly Beschara doing the sales on this book?

 

Could be, but I thought Mark said he was the guy who set the thing up.

[buttock]

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.

 

Out of curiousity, what price could he have paid today that you wouldn't have made the above statement in support of? If you're saying that paying this price and holding the book for 10 years is smart, then let's say you're assuming "smart" means a 7% annual return, which is the current risk-free (5-yr treasury) return plus 2.0%. $195K today + 7% a year compounded for 10 years = $384,000 in 2016. So in your mind it would be reasonable to assume that in 2016 this is a $384,000 book?

 

Because if not, then I don't think it was a wise investment, as he could probably clear that 7% rate of return in any number of other assets.

 

Why must you always be reasonable???

[Aman619]

I dont think 384K is out if the question by then. But, he'dbe in better shape had he started out at 150 or something closer to thet.

[Aman619]

and even if its worth only 300K by then, theres the pride of owning an unrestored Action 1 too.

[Moondog]

Aman hits the nail on the head.

 

The pride of ownership can't be overstated when it comes to an Action 1.

[skybolt]

and even if its worth only 300K by then, theres the pride of owning an unrestored Action 1 too.

 

Even if it's worth $250K in 10 years, it's probably still a better return than what some us will get with our collections. Heck, most of my GA purchases in the 4.0 to 8.0 range have been stagnant in the OS guide for the past 3 or 4 years. Other SA purchases in the VF range have actually gone down in value (FF #48, Captain America #100, ASM #1, etc.).

[Scrooge]

[ Heck, most of my GA purchases in the 4.0 to 8.0 range have been stagnant in the OS guide for the past 3 or 4 years. Other SA purchases in the VF range have actually gone down in value (FF #48, Captain America #100, ASM #1, etc.).

 

No kidding. I'm afraid it's so true that in 10 to 15 years, I'll have to give away my Western books and that's if I'm lucky to find a crazy soul who'll take the books then!

 

As for the Action 1, Mark, could you tell us if the buyer was interested in finding a copy RIGHT NOW and that played part of the purchasing decision?

[CentaurMan]

No kidding. I'm afraid it's so true that in 10 to 15 years, I'll have to give away my Western books and that's if I'm lucky to find a crazy soul who'll take the books then!

 

Well, you're probably buying them cheap from someone who was worried 10-15 years ago that they'd be giving them away now. So it all works out.

 

Like any 17 year old kid today even knows what a cowboy was....

 

[skybolt]

No kidding. I'm afraid it's so true that in 10 to 15 years, I'll have to give away my Western books and that's if I'm lucky to find a crazy soul who'll take the books then!

 

Well, you're probably buying them cheap from someone who was worried 10-15 years ago that they'd be giving them away now. So it all works out.

 

Like any 17 year old kid today even knows what a cowboy was....

 

 

"Brokeback Mountain" doesn't help things either for this genre.

[Scrooge]

Well, you're probably buying them cheap from someone who was worried 10-15 years ago that they'd be giving them away now. So it all works out.

 

So true. Great law of diminishing returns and I'm proudly taking part in that downward spiral.

 

Like any 17 year old kid today even knows what a cowboy was....

 

Hi-Yo WHO? Kimo WHAT? Rin Tin HUH? I'm just glad to know people down in OK who recall all of those guys with great fondness.

[rob_react]

No kidding. I'm afraid it's so true that in 10 to 15 years, I'll have to give away my Western books and that's if I'm lucky to find a crazy soul who'll take the books then!

 

Well, you're probably buying them cheap from someone who was worried 10-15 years ago that they'd be giving them away now. So it all works out.

 

Like any 17 year old kid today even knows what a cowboy was....

 

 

"Brokeback Mountain" doesn't help things either for this genre.

 

I was waiting for that one. I was going to post

 

"Oh they know about cowboys allright" and then post the poster

 

and then got caught up with work.

[adamstrange]

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.

 

If you are correct then, down the road, the eventual sale of this item will be quite an education for the buyer. So, in a sense, Mark will have been an effective instructor.

 

What's there to complain about?

[action1kid]

So in your mind it would be reasonable to assume that in 2016 this is a $384,000 book?

 

 

My responce is yes.I do think it will reach that price plateau by 2016.

This is not a book! It is THE BOOK.

There is no frame of reference to compare it to because it is the standard that breaks price records.

[comicdonna]

Well, you're probably buying them cheap from someone who was worried 10-15 years ago that they'd be giving them away now. So it all works out.

 

So true. Great law of diminishing returns and I'm proudly taking part in that downward spiral.

 

Like any 17 year old kid today even knows what a cowboy was....

 

Hi-Yo WHO? Kimo WHAT? Rin Tin HUH? I'm just glad to know people down in OK who recall all of those guys with great fondness.

I used to have 100's of mid-high grade westerns. I miss them very much.

[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.

 

If you are correct then, down the road, the eventual sale of this item will be quite an education for the buyer. So, in a sense, Mark will have been an effective instructor.

 

What's there to complain about?

 

Down here in North Carolina (or Carolin-ey) we say "larned". Mark will have larned him good. At that point, he will have been "done larned".

[tth2]

but what Mark is doing is like Pilate trying to wash his hands with jargon and legalistic motions (all I did was set the crack-pipe and lighter in the addict's hands - it wasn't my fault he smoked it!).

Well, if I were Mark I would never have felt compelled to justify anything to anyone about this sale in the first place. Absent fraud or extortion, the story is he had a book, a guy with lots of money wanted to buy it and did so, full stop. Sounds good to me. Comparing him to Pontius Pilate is really going over the top.

 

But do you know who this guy will be pizzed at when he tries to sell it down the line?

He may be mad at Mark, but so what? His anger will be misdirected, as it should be towards himself. But America has adopted a culture of never being accountable for one's own actions, which you seem to be surprisingly endorsing.

 

And don't link me with socialism in any form.

Then don't make socialistic posts!

[buttock]

 

But do you know who this guy will be pizzed at when he tries to sell it down the line?

He may be mad at Mark, but so what? His anger will be misdirected, as it should be towards himself. But America has adopted a culture of never being accountable for one's own actions, which you seem to be surprisingly endorsing.

 

And to whom will Mark be accountable? That's my entire point.

 

Go back and read my posts without the hyper-defensive glasses. Mark is always harping on the "network of disclosure" and "ethics of revealing pressing", but has no problem fleecing some sap for $200 large? If I were photoshop savvy I'd send him a "network of fleecing" logo for his website.

 

And you can't comment on America anymore from over there

In fact, your comics need to be back stateside - send them to me for holding.