CGC raises prices16611
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sckao private msg quote post Address this user | |
There are a couple of ways to look at this. If you're slabbing for your personal collection and you have no interest in the marketplace, then the cost of slabbing actually doesn't factor that much into it unless it exceeds some pre-conceived maximum ceiling in your own mind. If you're slabbing with an eye on the marketplace, then profit and timing is an issue. If the value cut-off for a 9.8 is then $100, then the cost of a slab with all its associated fees must be low enough for the submitter to make that submission. That increase in pricing only really affects the marginally profitable books in my opinion. For the books that will sell for 10X that price, the increase is negligible Maybe the value cut-off rises from $80 to $100 for some people... or $100 to $150 then. |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by the420bandito true i wonder with the price of inflation and the covid and just the cost of everything rising. to me these auctions are for the most part private. i wonder if the sale is real. it could be the perfect window display for cgc to endorse the service. |
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Post 52 IP flag post |
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beastboy1980 private msg quote post Address this user | |
if i had 3 million to invest in it would not be in these times on a comic book it would be in real estate , not saying the sale is not real |
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Post 53 IP flag post |
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beastboy1980 private msg quote post Address this user | |
cgc to me is now operating on a gorden gecko type of level. lets try and squeeze every dollar out of the paying public and offer zero back in service. it really reeks on so many levels |
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Post 54 IP flag post |
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power_struggle55 private msg quote post Address this user | |
Quote:Originally Posted by beastboy1980 great anology. cbcs might be slow and lousy costumer service at times but at least they are cheap. as I stated for the price of one comic graded with cbcs....you can get same comic, and 3 signatures authenticated (maybe not so much with increase) |
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etapi65 private msg quote post Address this user | |
Quote:Originally Posted by beastboy1980 Getting a signature verified/graded/slabbed. |
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Post 56 IP flag post |
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etapi65 private msg quote post Address this user | |
Quote:Originally Posted by Studley_Dudley I'm surprised they've made it without raising prices considering how much issue there's been with plastic. Penny sleeves and top loaders only popped back up in high supply relatively recently; still can't find BCW plastic short boxes at any LCS; been like that since July. |
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Post 57 IP flag post |
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Lord_Raiden private msg quote post Address this user | |
Quote:Originally Posted by sckao This is the second raise in like 10 months IN ADDITON TO TAKING AWAY THE 10% discount, for the middle tier members, and making the upper tier discount drop from 15% to 10% and dropping the dealer discount from 20% to 15% So it’s nit only the jump, it’s the loss of another 10-20% I’ve got stuff at CGC, but for $18 vs $24 now, I’m going to be shifting to CBCS |
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Post 58 IP flag post |
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by sckao Inflation is going to create an interesting situation with slabbed comics. Many of us will have books in slabs because they made the cut at old prices, but would not make the cut at new prices. I wonder if, say at the $80 price point, the lack of new inventory going into slabs will cause the market to push up the value of some of those books until it reaches a new "slab worthy" equilibrium. |
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Post 59 IP flag post |
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xkonk private msg quote post Address this user | |
I doubt that anyone outside of CGC knows the actual numbers, but people say that their TATs haven't decreased at all. That suggests that they haven't had any decrease in business since they raised prices. If they can charge more and demand stays the same, why not charge even more? I would guess, from their perspective, that the only problem would be if/when demand goes and it turns out that they've lost some market share to CBCS/whoever else. In the meantime, at least, they keep vacuuming up money. | ||
Post 60 IP flag post |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by Lord_Raiden in my mind this is what will happen. to me it makes zero sense to pay more money to get Batman comics slabbed from the year 1975 with cgc anymore why pay higher and higher prices. cgc can prop up they sold a comic via auction for 2.5 million dollars that type of book does not move the modern comic market. cgc is going to lose sales |
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Post 61 IP flag post |
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beastboy1980 private msg quote post Address this user | |
and myabe its my nyc state of thiking but i dnt buy into those sales of say 2.5 million all that is is a add for the cgc marketing tool |
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Post 62 IP flag post |
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beastboy1980 private msg quote post Address this user | |
cgc to me is passing the expense of moving into a new building the company was bought into this is not the same cgc of say 20 years ago you can tell just how there services has slipped while the prices have increased |
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Post 63 IP flag post |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by Lord_Raiden you hit it on the head people will move stuff they send into cgc to cbcs its that simple |
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Post 64 IP flag post |
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00slim private msg quote post Address this user | |
I went ahead and canceled the auto-renewal for my CGC membership. I hope enough people do the same for CGC to notice. | ||
Post 65 IP flag post |
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Davethebrave private msg quote post Address this user | |
Seems like a good move. Time is money. If it reduces TaTs it will convince me to throw some more business that way. |
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Post 66 IP flag post |
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Lord_Raiden private msg quote post Address this user | |
Quote:Originally Posted by 00slim My just auto renewed in December, but I’m going to do the same thing as well |
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Post 67 IP flag post |
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Davethebrave private msg quote post Address this user | |
Quote:Originally Posted by beastboy1980 Which real estate market? Which comic? If you ask me $3m for a house in the burbs of Toronto or LA… vs AC1… the latter every day of the week. If vs Manhattan at today’s prices… tougher call but still AC1 if I had the $ to not finance. AF15? Give me the house lol |
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Post 68 IP flag post |
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Galen130 private msg quote post Address this user | |
I already voiced my opinion on this, but my biggest turn off was their piss-poor QA/QC, especially after they raised prices the first time. The last 20 books I sent in April 2020 didn’t get back to me until November. All 20 had to be sent back for Mechanical Error. Every slab had a pressure fracture on the seal, one book was slabbed with a finger bend (my guy pressed it before sending it in), and another book was graded a 9.8 with two ink-breaking creases. They replaced every slab, but didn’t fix the bent book (at my request) and they didn’t downgrade the obvious ‘not’ 9.8. Two of the slabs were returned with switched labels. WTF??? Those were returned…again. When I called about those two, I told the representative I talked to that they were losing my business after almost five years. He was sorry to hear that…he wasn’t by the sound of his voice. It’s not about the customer, as far as I’m concerned. This whole experience has put me off my tea. I have low tolerance for B.S., so if I’m not happy, I walk away. CGC can pound sand…I have no desire to send in comics for grading to anyone anymore. I’ll buy slabs from someone else instead. Here endeth the rant. ![]() ![]() ![]() ![]() |
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Byrdibyrd private msg quote post Address this user | |
Quote:Originally Posted by Galen130 Dayum!! ![]() |
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Post 70 IP flag post |
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by Galen130 lol. He wasn't sorry. Nobody gave a shit. We need to understand the reality that in 2022 there are no "customers" in the traditional sense. There's just people waiting in lines. It's like people in the old Soviet Union waiting in line to buy bread. Nobody's gonna fall on their knees and beg for forgiveness if we get frustrated and decide to stop waiting in the line. We can threaten to pound sand or even threaten to move to another line...they have no reason to care. Much like the old Soviet Union we will become a two-tier society...those that will pay a massive premium to expedite, and those who will wait in long lines. Everybody in those long Soviet lines had money because money was easier to come by than bread. |
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Post 71 IP flag post |
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Galen130 private msg quote post Address this user | |
Quote:Originally Posted by Byrdibyrd I was surprised by folks in the CGC forums who said 20 ME's at once was crazy. I figured it was part of the norm now. What about all those folks who sent in hundreds of books? I can't believe they don't have the same number of ME's, or more. Or, maybe they just haven't received their slabs yet. Their TAT's are long than my 9 months. Lol. |
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Post 72 IP flag post |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia true but i think the reality is as a paying customer just try and use a open mind and move orders into other places. dont let cgc operate like a soviet union . i have zero issues now with there model of business they just told me move orders into cbcs. not mad not kicking sand but also not giving them mine hard earned money. and i dont buy into there so called private auctions selling . never see the buyer just the sale |
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Post 73 IP flag post |
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Galen130 private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia Yeah, my thoughts exactly. They have more than enough suckers to keep putting up with the bullshit. Their loss... I like to think that I'm still a man of action. I don't thump my chest, bitch and moan (maybe a bit), or threaten to stop doing things then continue to do so anyway. I'm not all bluster. When I say I'm going to do something, I do it. I have better things to do than let people jerk me around. Maybe I'm just getting old and impatient. Whatever it is, I won't lose sleep over it. Lol. ![]() |
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Post 74 IP flag post |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by Galen130 exactly take away orders from them its that simple |
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Post 75 IP flag post |
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Scifinator private msg quote post Address this user | |
Quote:Originally Posted by Galen130@Galen130 - I have said this before, one of the main reasons I chose not to continue using cgc was their attitude that I was there to serve them. That plus CBCS lower price, better quality, better pressing, non-newton ring encasements has equated to my sending over 4,000 comics to CBCS and ZERO to cgc since 2019. |
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Post 76 IP flag post |
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beastboy1980 private msg quote post Address this user | |
Quote:Originally Posted by Davethebrave i was thinking nyc market i would rather have a house in brooklyn now than say a comic book. that i need to sell down the line real estate brings in cash every month with rent its a no brainer invest in real estate where every month i can collect rent and get money on my investment on a monthly basis and its also a tax write off |
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Post 77 IP flag post |
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by Galen130 Times like this make you realize that a primary reason for supporting the little guy is just so that you continue to have a second option. They may want to act as if CBCS doesn't exist, but "customers" certainly should not. |
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Post 78 IP flag post |
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Galen130 private msg quote post Address this user | |
Quote:Originally Posted by beastboy1980 I was into investing in some comics for my personal collection, but after all the shenanigans, I decided against it...for the most part. I had about a 60-comic stack set aside for submission until last November.. Silver Age to Modern Age. I went through those books and returned the ones I wanted into my PC...the rest I put up for sale. I decided to use the funds from my sales to purchase signed slabs from Silver to Copper Age. Yes, I was looking to make a little money with some hot keys while keeping some stuff for myself. I was looking to make a shitload of money off comics, but I wasn't going to put up with CGC's crap anymore. Stubborn, stupid, selfish, I don't care. I still have a love for comics. I just think I'll find what I like and keep them for myself. As my wife constantly states...it is what it is. Lol ![]() |
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Post 79 IP flag post |
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Pandorasdad private msg quote post Address this user | |
Quote:Originally Posted by GAC And longer wait times. |
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