Is discussing CGC allowed?14404

Originally Posted by GAC
For sure on the moderns and books that have only recently increased in value worthy of slabbing....but do you think this hot market has also enticed old/long time collectors to get their books slabbed who at any previous time wouldn't have? I ask because, obviously people are selling...books are going for records amounts...but there still seems to be a "scarcity" but not in the true sense of that word...a demand that outweighs supply hence increased/record sales amounts being achieved. With all these people selling, I suspect there are alot of collectors not actually selling but preparing to sell. I feel there's a tipping point in the future...don't know when, but if we reach that tipping point then we'll have a ton of silver age, bronze age etc key books available and fewer collectors out there buying.....collectors selling their collections and getting out of the hobby I mean. It seems these record comic sales are generating record submissions that are in part for sales happening right now but also for preparation for a mass exodus out of the hobby via selling one's entire collection. I bet if you took a census of collectors and the books they own/collect, it would reveal that someday a high percentage of these collectors will sell their collections and they'll do it within a very short time frame. If that does happen, that'll destroy a huge portion of the value of these books.....maybe I'm thinking way to much about this. lol!

Originally Posted by Nuffsaid111
Quote:

Originally Posted by GAC
For sure on the moderns and books that have only recently increased in value worthy of slabbing....but do you think this hot market has also enticed old/long time collectors to get their books slabbed who at any previous time wouldn't have? I ask because, obviously people are selling...books are going for records amounts...but there still seems to be a "scarcity" but not in the true sense of that word...a demand that outweighs supply hence increased/record sales amounts being achieved. With all these people selling, I suspect there are alot of collectors not actually selling but preparing to sell. I feel there's a tipping point in the future...don't know when, but if we reach that tipping point then we'll have a ton of silver age, bronze age etc key books available and fewer collectors out there buying.....collectors selling their collections and getting out of the hobby I mean. It seems these record comic sales are generating record submissions that are in part for sales happening right now but also for preparation for a mass exodus out of the hobby via selling one's entire collection. I bet if you took a census of collectors and the books they own/collect, it would reveal that someday a high percentage of these collectors will sell their collections and they'll do it within a very short time frame. If that does happen, that'll destroy a huge portion of the value of these books.....maybe I'm thinking way to much about this. lol!

I think this is very spot on as a likely possibility.
I might be one of those collectors you mention.
Never ever ever ever did I dream of getting books slabbed. I've made it quite clear in multiple posts that I actually don't personally like slabbed books. But I'm also one who has seen the drastic differential in value between (example) a raw NM and a graded 9.4 NM. And I just can't ignore that differential as much as I want to.

I still hold on to many of my slabbed "big boys"; but I do intend to unload them one day in one big firesale when I'm done with the financial aspect of this industry.
Many of my closest friends plan the same thing. They don't like slabs, but slab away they do because of the current financials. They will be getting out also.

Bottom line is..... all my friends and myself will be getting out of this and selling in the not so distant future. So I think you're on to something when you say alot of collectors are preparing to sell. In my circle of close friends, that is absolutely true.

Originally Posted by GAC
I'm 50 years old...not sure when I'll sell but I bet when I do there'll be alot of us out there selling at the same time....and fewer collectors buying when we do.

Originally Posted by mediaslave
Quote:

Originally Posted by KCBatmanFan
They raised all their fees and also removed the grading tier discount from their $149 membership. Just got an email about it today:

https://www.cgccomics.com/news/article/9057/cgc-fee-updates/

I'm not sure that a period of time where you have customers waiting a month just to be entered into the system is a good time to roll out price increases.

They just hired 70 people. They also moved to a bigger facility. There's also the increased costs of cardboard and plastics, shipping, PPE...seems reasonable to me.

Guaranteed CBCS will do the same as they grow, as any logical company would.

Originally Posted by Nuffsaid111
@moodswing Here's the copy thats going in with either the next shipment or the one after. It won't be cheap to slab with the 2 autos and the FMV

Originally Posted by EbayMafia
Quote:

Originally Posted by GAC
For sure on the moderns and books that have only recently increased in value worthy of slabbing....but do you think this hot market has also enticed old/long time collectors to get their books slabbed who at any previous time wouldn't have?

I think it will be an interesting experiment to pick 10 old school books and 10 of the "new hotness" and track them on CGC census for the next 8 weeks. I think that could give us a good idea of just where this is heading. Whenever I try to wrap my head around it I end up splitting the middle. There is half of my collection (in terms of dollar value) that I am very skeptical about continuing to own into 2022. And there is half that I am very comfortable continuing to own. Of course the half that I am comfortable continuing to own are the long-time collector old-school books from the Golden Age and Silver Age. But if I'm honest I have to admit that some of that comfort comes from not wanting to part with them...I won't feel like I missed an opportunity to sell those even if the market goes into the tank for a few years.

Originally Posted by mediaslave
Quote:

Originally Posted by KCBatmanFan
They raised all their fees and also removed the grading tier discount from their $149 membership. Just got an email about it today:

https://www.cgccomics.com/news/article/9057/cgc-fee-updates/

I'm not sure that a period of time where you have customers waiting a month just to be entered into the system is a good time to roll out price increases.

They just hired 70 people. They also moved to a bigger facility. There's also the increased costs of cardboard and plastics, shipping, PPE...seems reasonable to me.

Guaranteed CBCS will do the same as they grow, as any logical company would.