Absence of new high grade moderns on ebay lately

[Hensley300]

I just got my new CBG in the mail today. Said overall auctions are down on ebay. They did note a similar trend last summer before school began. Ive also noticed a lack of insurgence of modern high grade 9.8 books lately as well on ebay. Mainly many of the same books are on sale this week that didnt sale last week. Anyone want to comment on the lack of new submissions to CGC appearing on ebay in high grade: 9.8?

[BronzeBruce13]

Lack of profitability... even if a little can be made on a modern 9.8, you have to consider the time invested, pre-screening fees or "9.6 misses".

 

I think starting with Ultimates 1, the demand for "late" 9.8 moderns decreased quite a bit. Some CGC collectors decided to just have a few projected raw NM+ to NM/M copies instead.

 

I'm sure Carl can elaborate in more detail

 

I'm curious to know if the Modern Signature Series concept is doing well... Bob?

[underthebigw]

Ebay definitely has cycles of inactivity, some of which can be great times to pick up bargains.

 

Still, how about this for a theory--buyers are actually reading their books, knocking them down to 9.2's. Holy cr@p, would that change the hobby or what?

[Hensley300]

haha, yes it would. I have to admit many, if not most of the new books I buy today fall into that category. UH OH, ive admitted i read my new books

 

[BronzeBruce13]

can't you do both.. have a slabbed HG copy and a reader? Its the best of both worlds.

 

I "carefully" read my new books but spend a little time selecting a 9.8 before I buy at the shop.

 

 

[500Club]

For most moderns, you need to get a 9.8 to make the submission worthwhile. Lately, even when that happens, the book often sells for $25-$35. Using a prescreen is therefore the only realistic way to chase these 9.8 moderns, and if you get a bunch of rejections, the $3 apiece for these bites into profit per unit. Also, the USM covers have been flimsy as hell lately, and easily damaged.

[Hensley300]

so, if this downswing in auction volume for moderns is the direct result of cgc grading prices for moderns, why are we just now seeing a downswing in either 1-submissions 2-ebay auctions. Was this a delayed effect? And I suppose the next best question-where is this headed? Overall less submissions to CGC, a lowering of their price to increase volume? Opinons?

 

[500Club]

No, I'm saying the downswing is due to a decrease in prices realized. There may also be trouble with the quality of the covers of the Ultimate line, a traditional submission favorite.