Interesting article on gocollect.com | CBCS Comics

Quote:

Originally Posted by EbayMafia
From the Article:
The CBCS 9.8 DC Comics Presents #47 sold for $1,535 with a bid count of 27 bids. Cool! Not bad at all. The 2nd copy, ending a couple of days earlier, a CGC 9.8 copy sold for $2,535 with a bid count of 39. Why the disparity? You tell me.

I don't necessarily disagree with the authors point, but This is either bad writing, or it's intended to gloss over the fact that the CGC book sold first. I believe this has been confirmed to be the norm by some of the auction houses. Many auctions come down to 2 bidders for the final XX%. If one of those bidder bought his copy the day before, you could see a large percentage drop for the second item.

But the underlying point seems to be true. The price differences at auctions appears real to me. It's irrational, and irrational markets create opportunity.

something else I thought of when did the Auctions end? That matters. Prime time 7:pm vs a 3:am auction when half the people are sleep. So they can’t get into a bidding war

past performance is no guarantee of future actions. 32.01K	32.01K KatKomics private msg quote post Address this user	plus 1 plus 1 plus 1 2
	Quote: Originally Posted by EbayMafia From the Article: The CBCS 9.8 DC Comics Presents #47 sold for $1,535 with a bid count of 27 bids. Cool! Not bad at all. The 2nd copy, ending a couple of days earlier, a CGC 9.8 copy sold for $2,535 with a bid count of 39. Why the disparity? You tell me. I don't necessarily disagree with the authors point, but This is either bad writing, or it's intended to gloss over the fact that the CGC book sold first. I believe this has been confirmed to be the norm by some of the auction houses. Many auctions come down to 2 bidders for the final XX%. If one of those bidder bought his copy the day before, you could see a large percentage drop for the second item. But the underlying point seems to be true. The price differences at auctions appears real to me. It's irrational, and irrational markets create opportunity. yep^^^^^^ this! I've done it and I'm sure others have too!! I've been bidding on something and they it spikes higher than I'm willing to go....a few weeks later same book same grade same grading house I'm able to get it for much less - heck sometimes same book same grade etc. in the same auction for much less - all has to do with 2 or 3 bidders going crazy - once they are out of the picture then programming returns to normal.
	4 years ago	Post 13 • IP flag post

Collector 111	111 Mikeoliver1313 private msg quote post Address this user	plus 1 plus 1 plus 1 1
	I was reading the articles on go collect. I can’t be the one one who reads them right lol. And I found this interesting article i thought I’d share https://blog.gocollect.com/1-comic-2-auctions-dc-comics-presents-47/?utm_source=youtube&utm_medium=text-link&utm_campaign=week-in-spec&utm_term=venom-keys-falling-from-grace&utm_content=place-3
	4 years ago	Post 1 • IP flag post

You do know that the new guy brings the donuts, right? 13.61K	13.61K DWeeB1967 private msg quote post Address this user	plus 1 plus 1 plus 1 0
	I think it's difficult (at best) and potentially self-serving (at worst) to draw any conclusions from the sale of a single book. With that said, I think this article reflects the consensus of most discussions that I've read on this forum regarding this topic: a CGC-graded comic will generally sell for a higher price than a CBCS-graded copy of the same book in the same grade.
	4 years ago	Post 2 • IP flag post

Collector 111	111 Mikeoliver1313 private msg quote post Address this user	plus 1 plus 1 plus 1 1
	I don’t have a opinion either way I just found the article interesting that the cbcs was centered better also but sold for less
	4 years ago	Post 3 • IP flag post

You do know that the new guy brings the donuts, right? 13.61K	13.61K DWeeB1967 private msg quote post Address this user	plus 1 plus 1 plus 1 0
	I want meaning that YOU were drawing any conclusions from the sale of a single book, @Mikeoliver1313. I was referring to the author of the article. I should have been more clear.
	4 years ago	Post 4 • IP flag post

Collector 4.88K	4.88K andy49 private msg quote post Address this user	plus 1 plus 1 plus 1 0
	guess the guy who won the cbcs book got a bargain
	4 years ago	Post 5 • IP flag post

Collector 763	763 Broker1 private msg quote post Address this user	plus 1 plus 1 plus 1 3
	It would seem that there would be ample opportunity to profit from a little arbitrage here. My experience is that CBCS is a much tougher grade…buy the CBCS graded hot key, submit to CGC with the expectation of a similar or higher grade, sell for a tidy profit. Rinse and repeat.
	4 years ago	Post 6 • IP flag post

Collector 114	114 Gibby357 private msg quote post Address this user	plus 1 plus 1 plus 1 0
	Quote: Originally Posted by Broker1 It would seem that there would be ample opportunity to profit from a little arbitrage here. My experience is that CBCS is a much tougher grade…buy the CBCS graded hot key, submit to CGC with the expectation of a similar or higher grade, sell for a tidy profit. Rinse and repeat. You forgot to mention the 6 month wait with CGC before you can even think about making that tidy profit.
	4 years ago	Post 8 • IP flag post

Masculinity takes a holiday. 37.52K	37.52K EbayMafia private msg quote post Address this user	plus 1 plus 1 plus 1 4
	From the Article: The CBCS 9.8 DC Comics Presents #47 sold for $1,535 with a bid count of 27 bids. Cool! Not bad at all. The 2nd copy, ending a couple of days earlier, a CGC 9.8 copy sold for $2,535 with a bid count of 39. Why the disparity? You tell me. I don't necessarily disagree with the authors point, but This is either bad writing, or it's intended to gloss over the fact that the CGC book sold first. I believe this has been confirmed to be the norm by some of the auction houses. Many auctions come down to 2 bidders for the final XX%. If one of those bidder bought his copy the day before, you could see a large percentage drop for the second item. But the underlying point seems to be true. The price differences at auctions appears real to me. It's irrational, and irrational markets create opportunity.
	4 years ago	Post 9 • IP flag post

Pictures? We don't need no stinking pictures. 12.49K	12.49K brysb private msg quote post Address this user	plus 1 plus 1 plus 1 0
	I would buy the copy that presents the best & the article clearly stated it was the CBCS copy.
	4 years ago	Post 12 • IP flag post

I've spent years perfecting my brand of assholery. 61.91K	61.91K DrWatson private msg quote post Address this user	plus 1 plus 1 plus 1 3
	Nothing is written to just inform or tell a story any more. It always has to promote some sort of agenda or attempt to steer the reader in a specific direction.
	4 years ago	Post 14 • IP flag post

Interesting article on gocollect.com14971