wow, market is unreal right now14320
Collector | timberghost private msg quote post Address this user | |
I just saw a Godzilla # 1 cgc 9.8 break well over the 1000.00 mark. That's just crazy. That one sell will now run the secondary market value up. Better hold on this ride is getting unreal. | ||
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Collector | Sebastsk8 private msg quote post Address this user | |
A lot of comics I'm seeing huge jumps. I collect a lot of venom keys and runs, and asm 300 went from around 200-250 for a decent raw copy to well over 750. That jump was just over approximately the last year or so. 301 I bought a few copies at bmore comiccon in 2019 for about 10 bucks and now they're also going up a ton - one on ebay right now for a FN+ raw copy current bid at 113, and I've seen some others sell for over 100 raw. Should have bought my 300 a year ago |
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Collector | Doc_Cop private msg quote post Address this user | |
I am curious how this craze in the industry is going to affect prices at Comic Cons when things open up. I will continue to buy high grade bronze keys as silver has become less attainable. | ||
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Collector | timberghost private msg quote post Address this user | |
Quote:Originally Posted by Doc_Copwe have one coming up(charlotte, N.C.) now with this market, I don't even think I'll go |
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Collector | timberghost private msg quote post Address this user | |
A superb example of Action Comics #1 that was certified by Certified Guaranty CompanyÂŽ (CGCÂŽ) has just sold for a new world record $3.25 million in a private sale. Graded CGC 8.5, | ||
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PEDIGREED... Again! | martymann private msg quote post Address this user | |
Quote:Originally Posted by timberghost 60 cents from PASSAIC BOOK CENTER. mm |
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Secret Moderator | MatterEaterLad private msg quote post Address this user | |
I wish I knew what was fueling this but it seems like a perfect storm of a lot of things: Stimulus money The explosive popularity of the MCU Booming stock market Booming crypto currency Youtube shows hyping spec books Instagram claim sales Netflix, Hulu, Amazon picking up film options left and right Phenomenal indie comics and FOMO. I'm sure there are other things, but I think this is too big to pin it on one cause. |
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Collector | vision6797 private msg quote post Address this user | |
It is getting to be a shame that speculators run up the prices , hurts the hobby for the collectors. Especially new one | ||
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Collector | Jabberwookie private msg quote post Address this user | |
Quote:Originally Posted by MatterEaterLad Iâd only add one thing to your list: analytics. I think thereâs such a drive to look at investments that are undervalued, that people are looking anywhere for more options. I canât help but think thatâs a big driver in our little hobby no longer being so little. |
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Collector | Lord_Raiden private msg quote post Address this user | |
Quote:Originally Posted by timberghost well...... if that's the case i'll have to look into selling mine and i have a feeling there's going to be a correction if not outright crash so just keep your eyes open and grab some of these when they come back down |
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Suck it up, buttercup!! | KatKomics private msg quote post Address this user | |
Quote:Originally Posted by timberghost My province just went into another 28day stay at home order....even when things open again I think my next convention will be 2022. My age group won't even be eligible for vaccine until I think June or July - so 2nd shot in Aug/Sept/Oct?? Too bad...really like conventions as you can usually haggle the price down a bit!! |
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Collector | CatCovers private msg quote post Address this user | |
Quote:Originally Posted by KatKomics Yes indeed. Last hour of the last day of a convention (and especially if you've got cash) there are great deals to be had. |
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Collector | doog private msg quote post Address this user | |
If you are expecting a crash in comics,generally I believe you will be disappointed. The same with the stock market. Even a world wide pandemic did not knock it down long, and those that did not sell then, turned out to be the smart ones. I think the driver is the mindset of comics as an investment, not just a hobby. The stimulus helps too. At my sons collectibles store, online sales have tripled over the last month, crazy numbers. in store traffic is still down. My eBay sales of low grade non key silvers and fairly high grade non key bronze have at least doubled. I donât sell keys anymore for awhile now. But now I know to send in my 2 Godzilla 1âs, so thanks for that. |
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Collector | Lord_Raiden private msg quote post Address this user | |
Quote:Originally Posted by doog crash no.... correction most definately the problem is (i think) people are spending stupid money and not realizing what's going on. there' only a finite amount of money like that to go around, those prices aren't sustainable. so i think there will be some decline once "normal" returns. the market / price is what people will pay. i have a feeling the big money is finite and won't continue. so we will see where it goes.... if it stays... so be it, that's the market, but i don't see that happening |
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I'm good with splotches. | Nuffsaid111 private msg quote post Address this user | |
This topic of Crash, Correction, or continuing Boom has been, perhaps, the most talked about topic in the last couple years on so so many forums. It will truly be interesting to see the true outcome several years from now |
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Please continue to ignore anything I post. | southerncross private msg quote post Address this user | |
Quote:Originally Posted by Nuffsaid111 True but in the past we did not see giant size X-Men selling for 60k in 9.8 Interesting times |
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If the viagra is working you should be well over a 9.8. | xkonk private msg quote post Address this user | |
I don't think there will be a crash but I think there might be an adjustment when shows and stores are really back to full-strength. There's a difference between throwing a bid on eBay when you've been on your computer all day and physically handing someone a wad of cash and seeing your empty wallet. Not on the big books, because that phenomenon doesn't matter in that case, but on your more day-to-day stuff. | ||
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Collector | Jabberwookie private msg quote post Address this user | |
@xkonk I think youâre probably right. People like to predict crashes because eventually they will be right, but we tend to think of crashes like the 1929 market or the 90s comic crash but there are some unique factors in each case. There are going to be some comics that will fall off pretty drastically. Those âkeysâ that jumped on some news. But, those keys will still be valuable. GSX 1 wonât become worth pennies in the dollar, but it might not stay in the ten grand range. Itâs a tricky market, but in the immortal words of Douglas Adams: âdonât panic.â |
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Rock, Paper, Scissors, Lizard, Spock | Tedsaid private msg quote post Address this user | |
Quote:Originally Posted by Jabberwookie Well, I "like" to predict a crash/crater in prices to try and remind myself: this surge in prices is historic and extreme. It becomes a bubble because we - all of us - get so used to the "new normal," that we tend to think all the current prices are exactly where they should be. We get used to the high valuations. We get used to buying a comic in January for $500 and selling it in March for $1000. But this isn't normal. It is a surge, with a LOT of funny money in comics, from (I presume) people who made a lot of money already in sports cards and NFT's and other collectibles, and are now looking to comics to "diversify." I guess they don't realize that the comics market and the sports cards market and the toys market and every other collectible are all seeing the same surge, for pretty much the same reasons. And so they haven't really created the sort of diversity they are looking for. Anyway, the pandemic WILL end, this summer in the US, and elsewhere pretty soon after. Movie theaters, restaurants, vacation spots, airlines, hotels, conventions, concerts, plays - these things will start to take our discretionary income away from comics, and the heat of all this new attention on thousands of keys will start to wane. It WILL happen, and soon. Even though most of us don't really believe it. Myself included. |
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Collector | Darkseid_of_town private msg quote post Address this user | |
Just like any other market there will always be corrections and adjustments to some degree, but with comics they demonstrate a background pattern of steadily rising 80 years that is formidable. I dont worry if a key moves up by 10 k then drops a few k...then remains at that price for a few years....before moving higher. I believe it is utterly silly to argue that people that could afford to purchase an x men 1 for 32 k will lose their minds and somehow start fire selling books like that at half price just to get a return from some imaginary market collapse. |
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Collector | Jabberwookie private msg quote post Address this user | |
@Tedsaid Totally fair. I donât disagree really. I think itâs the terminology more than anything. âCrashâ indicates a major collapse; while a correction will be a small decline into what the actual value is. That correction is short-lived and the overall line on any market is up. So, if Iâm explaining myself right, Iâm not worried about dips and am actually loading up to buy when it happens because the general trend is always upward. If you have enough time, of course. Now, in your case, you move a lot of newer books so that dip is a bigger concern for you. Interesting times, indeed. |
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Masculinity takes a holiday. | EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by Tedsaid @Tedsaid As a fairly conservative personality with a Finance education, I tend to see bubbles growing as much as anyone. And eventually I'm typically proven right. But where I've always got it wrong in the past is in underestimating the duration or peak of the bubbles. With the 2008 Real Estate crash I was calling the bubble years in advance, as were many rational people. I didn't realize that once the party starts, more and more people will want to participate. And powerful forces will go to work trying to make sure that the party continues for as long as possible. This time I'm trying to weigh my past misunderstandings against what you point out...that other avenues of discretionary spending will start opening up and less money will come to comic books as people have other ways of entertaining themselves. Haven't quite figured it out yet, I'm fairly certain there will be micro-bubbles that will come and go, but I also think the industry as a whole will reach and stay at new highs. Probably the discussion to be had is Micro-bubbles vs. Macro-bubbles. Maybe I will start that thread. |
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Rock, Paper, Scissors, Lizard, Spock | Tedsaid private msg quote post Address this user | |
Quote:Originally Posted by Jabberwookie Well ... I would disagree with you, I think? Somewhat? I also don't think there will be a "crash," as in a precipitous and sever decline. But I think it will be more than just a small correction. Here's what I imagine happening: the market stops doubling for keys every two months. This causes those who were riding that wave to get off, and pretty quickly. They will sell and get out, and prices will quickly reflect a 20% - 30% drop. Then, there are the collectors, who don't sell very often, and don't worry much about value because of that. They occasionally put something up for sale, but - for awhile - it won't work very well, and they won't keep trying. More downward pressure. But people who just bought at the high will be loath to "lock in" their loses. They would rather wait 10 or 12 years for the "market" to "come back." Meanwhile, people who want buy keys and such, will wait to see where the new bottom is. And people who got burned a few times will be hesitant to risk more money so quickly. And people who have to sell, will sell in a very tough market for awhile. And comics will slowly, over the next year, come back to a new equilibrium that is perhaps half of where it is today. I think this will be countered, to some degree, by the coming economic expansion, as we open back up and put millions back to work, etc. But still, many comics, once they lose back some recent gains, will not move much in value over the next 8-10 years, and that has absolutely happened many times in the past. It is because of what I mentioned above: collectors don't like to lock in loses. So instead, if they can, will just refuse to sell. They will tell themselves, like many of us do, "This Wonder Woman comic that I paid $900 for I KNOW is worth at least $500 and I'm just not going to sell it for less than $400, or $350 tops." I don't know if there will be a lot of deals. Maybe there will be? I guess it depends if you count January prices as "a deal," or if last March is more your barometer? UF4 9.8 had a sale last week for $3500, and it has been pretty steady for a month in the $3000 - $3200 range. What is a "good" deal for that one? Is it January's prices of $1000 or $1100? Or LAST January, when it was closer to $350 and $400? I think $1500 will be about the right level, for this comic, for many years to come. Which is still great, relative to 15 months ago! But also less than half of current prices. Below are two graphs, for UF4 1st print 9.8. The left one is for 2020, when it went from ~$350 to $1100; and the right one is 2021, where it has gone from $1100 to just over $3000. Data from GPA. |
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Rock, Paper, Scissors, Lizard, Spock | Tedsaid private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia Yes, I agree with everything you said here. Warren Buffet famously avoided the 2000 tech crash, by not participating in ANY of the 1990's tech gains. Avoiding the crash cost him a lot of money. |
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Collector | Rinova private msg quote post Address this user | |
I just listed my first eBay comic book, a 9.8 SIKTC on eBay for auction and can't believe the response. I wonder how long comic book sales will be like this. To buy my PC silver age books, I will be taking advantage of this crazy market. |
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Collector | Sebastsk8 private msg quote post Address this user | |
What are people's ideas about the current spike as far as selling off keys during this upswing to upgrade when it potentially drops again? For example, in 2019 I bought spectacular spiderman 90 cgc 9.4, an AMS 252 raw(around 7.0 or so), 361(around 8.0), secret wars 8(around 8.0) for roughly 250 total. Given the current market prices and recent sales, I'd say those would total around 600. Would it be worth it to sell now and hold out for price drops to buy higher grade copies? Or too risky incase the values do hold fairly close to what they're at now? |
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Collector | Jabberwookie private msg quote post Address this user | |
@Tedsaid Good info. We arenât that far off in agreement I think. Iâm more thinking everyone will be right to an extent. Call it Schroedingers market : ) Now, what worries me is when people realize they can manipulate the comic value sights by messing with Ebsy sales. Itâll happen if it hasnât already. |
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Collector | KYDU private msg quote post Address this user | |
When the 90âs comic crash happened it was mostly new book sales that hurt comic stores used to that income level, Marvel, DC etc... Amazing fantasy 15 and all the older books didnât drop 80%. They may have dropped and stagnated but still good. This is totally different and crazier in a different way. There will be a crash on some books, corrections on others but the older stuff will be ok. Also the last 15 years print runs on a lot of new books has been extremely low so?? Also the kind of people who have 60k for an Giant size X-men 1 will probably burn it or throw it in the basement for fifty years before they sell it at 10k. |
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Collector | poka private msg quote post Address this user | |
$1k for this one? |
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Captain Accident | the420bandito private msg quote post Address this user | |
Quote:Originally Posted by Rinova Erica Slaughter is fantastic so that book has some deserved momentum. I hope the writer can expand the story as I believe he admitted the book was written for a 15 issue run until it exploded. |
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