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With prices being down, is anyone buying?18022

Collector Mmanick private msg quote post Address this user
Quote:
Originally Posted by silveragecomicsuk
Quote:
Originally Posted by Mmanick
I will continue to collect and am buying keys as much as I can. I'm looking for a low grade Jim 83 to be back in my price range.


10k 😉 have
you seen the new Thor movie
that book seems overpriced for a purple label. Usually puprlem label is half of what a blue label is going for unless signed by a creator
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TL;DR Davethebrave private msg quote post Address this user
This article is succinct but dated.

https://web-static.stern.nyu.edu/om/faculty/moses/FineArt/Recessionart5.pdf

I think some parts of the comic market have migrated closer to fine art (scarce, in the hands of higher net worth individuals, desirable as long-term collectible, etc).

Of course fine art is a different price category. An AC1 would be considered modest-to-middling price-wise. Supply-adjusted it would move into “middling” at most. The difference is that at certain price points and certain types (of art or comics) the owner is unlikely to feel too pressured to convert to cash in a downturn. Instead they will appreciate the diversification.

Of course that doesn’t apply to speculators, especially leveraged or highly concentrated ones. I think this partially explains the divergence in some parts of the comic market (along with relative scarcity). Further downside risk remains, absolutely. More in some parts of the market than others. But far from a certainty that it will be dramatic and very likely some parts of the market will remain good “investments” (for those seeking that in comics) for the long term… even at today’s prices.
Post 27 IP   flag post
Collector drmccoy74 private msg quote post Address this user
Quote:
Originally Posted by EbayMafia
Quote:
Originally Posted by drmccoy74
Adventure 252 probably will hold. It's already super undervalued now. Mega key and rare at the same time


4.0 $60 on MCS. But we all know you meant Action.
https://www.mycomicshop.com/search?q=adventure+comics+252&pubid=&PubRng=
yes and no
Misread it. I was thinking Adventure 247 LOSH. One of my all time favorites. He meant Supergirl
Post 28 IP   flag post
Collector Haljordanfan private msg quote post Address this user
I’m trying to if that counts.
Post 29 IP   flag post
Not trying to be an ass since February 12, 2020. HulkSmash private msg quote post Address this user
They may be down, but I still can’t afford many compared to 3-4 years ago😭
Post 30 IP   flag post


Collector MRmintastic private msg quote post Address this user
I'm still buying high grade, mainly Bronze with some Silver age.
The question is, what is worth buying in this market?
Post 31 IP   flag post
Masculinity takes a holiday. EbayMafia private msg quote post Address this user
Quote:
Originally Posted by MRmintastic
The question is, what is worth buying in this market?


How do you mean? Because prices are too high? Or because they might fall?
Post 32 IP   flag post
Collector MRmintastic private msg quote post Address this user
Quote:
Originally Posted by EbayMafia
Quote:
Originally Posted by MRmintastic
The question is, what is worth buying in this market?


How do you mean? Because prices are too high? Or because they might fall?


Both I suppose. Some prices are too high on some keys or classics I am watching for, but I wonder if buying higher end material right now is a good idea, especially if we head into a recession.
Post 33 IP   flag post
Masculinity takes a holiday. EbayMafia private msg quote post Address this user
Quote:
Originally Posted by MRmintastic
Quote:
Originally Posted by EbayMafia
Quote:
Originally Posted by MRmintastic
The question is, what is worth buying in this market?


How do you mean? Because prices are too high? Or because they might fall?


Both I suppose. Some prices are too high on some keys or classics I am watching for, but I wonder if buying higher end material right now is a good idea, especially if we head into a recession.


My opinion is that there is no compelling reason to buy high end stuff right now. Even if everything is fine, those books are probably not going to be at higher prices by the end of August. I think if I were buying anything over, say $300 right now, it would likely only be because I won an auction that I wasn't really expecting to win. Or something came available that I had struggled to find previously.
Post 34 IP   flag post
If the viagra is working you should be well over a 9.8. xkonk private msg quote post Address this user
If you're looking to make money, especially short-term, off of comics I would probably not being buying right now. If you think the price on a book is too high, you shouldn't be buying it ever.
Post 35 IP   flag post
Collector Nearmint67 private msg quote post Address this user
Quote:
Originally Posted by MRmintastic
I'm still buying high grade, mainly Bronze with some Silver age.


This is where I have been concentrating since the 90's.
Prices for solid raw NM Bronze have only dipped for non-keys. These are good buys for long term.
And a lot of keys are not dipping, but jumping. Best prices are found via auction style.

Quote:
Originally Posted by EbayMafia
My opinion is that there is no compelling reason to buy high end stuff right now.

I have found both raw and graded books by low bidding sometimes, because a lot of buyers are not going to spend high dollar right now, which leaves many books to be had at a discount.

Example, I won a Jonah Hex #1 CGC 9.6 for 60.00, ASM #194 raw VF-ish for 266.00. Pressed it and got a CBCS 9.4, Captain Marvel #8 raw NM- 9.2 for 12.19, Iron Fist #1 raw NM that graded a CBCS 9.4 for 83.33 and so on.

Bargains are out there.
Post 36 IP   flag post
I'd like to say I still turned out alright, but that would be a lie. flanders private msg quote post Address this user
My buying has slowed to a crawl. I'm still sitting on a lot of inventory that has been harder to move than expected, although July has been my highest selling month this year, both in number of slabs sold and ROI. I'm still watching the market and hope to get a great deal on an Incredicle Hulk #180 or TOD #10 for my personal collection, sometime in 2022 or 2023. I also wouldn't mind owning an Iron Fist #14. I'm hoping I can snag one for less than 25% above the early 2020 FMV (so I'll probably end up never owning one and regret being so frugal).
Post 37 IP   flag post
TL;DR Davethebrave private msg quote post Address this user
I’m watching the Heritage bidding today to see updates to benchmarks.

Some of the pre-final bidding ratios are interesting.

B&B28 at 7.5 sits at the exact same price (1.5 hrs to auction) as April 2021 hammer in same grade.

GSX at 9.4 sits at 50% (1.5 hrs to go) vs April 2021 hammer in same grade.

I expect final bid activity to close much of this gap but if I’m holding B&B28 I am not feeling anxious… of course that B&B was similarly priced 5 years PRIOR so not exactly a great investment over that period.

At the moment I am watching for weak bidding on DC keys and would buy at 20% below peak FMV (selectively). Marvel keys are sitting 30% down already and I feel no impulse to buy… yet.

As the market poll shows, most people already expect a recession. We’ll see how it all plays out.

Edit: I was slightly wrong in degree. The GSX 1 in 9.4 barely moved and closed at 60% of last April’s price in grade (so a pretty steep 40% drop). The B&B28 moved higher and ended at +6% vs same comparison (last April in grade).

I still would argue B&B28 remains undervalued vs GSX 1 but the gap has clearly closed meaningfully since last year. Also note Marvel peak prices weren’t reached until a few months later…
Post 38 IP   flag post
#cgcshill WMorse private msg quote post Address this user
Apparently GA Joker covers are recession proof.
Post 39 IP   flag post
Beaten by boat oars Studley_Dudley private msg quote post Address this user
The drek is holding steady in the dollar bins or even below FMV. Buying up the good reads when available. Keys are for chumps.
Post 40 IP   flag post
CBCS Boomhauer HeinzDad private msg quote post Address this user
All I know is I'm sick of getting home from work and finding zero cool mail drops.......
Post 41 IP   flag post
Collector Joosh private msg quote post Address this user
Thankfully my car is holding it’s value so far; far better than my money would be doing had I left it in stocks.
I just sold my well used Audi TT so now I’m looking to replace my ASM300. It feels great to be shopping for comics again.

Quote:
Originally Posted by Davethebrave
Love the car you bought. But we also know car prices showed the same movement. Of course some cars more than others, just like some comics (or types) more than others.

Quote:
Originally Posted by Joosh
My take: Prices are still trending up over the last 3-4 years. 2020-21 was an abnormal peak that has mostly corrected.

I sold a lot of my best books last year. The sell prices seemed too good to pass up. I’m not quite ready to buy again; I bought a car.
Post 42 IP   flag post
Collector Nearmint67 private msg quote post Address this user
Quote:
Originally Posted by Joosh
Thankfully my car is holding it’s value so far; far better than my money would be doing had I left it in stocks.
I just sold my well used Audi TT so now I’m looking to replace my ASM300. It feels great to be shopping for comics again.


This guy has ASM 300's almost every week from NM- to NM+
https://www.ebay.com/itm/304582664328?hash=item46ea8aa088:g:tqAAAOSwGfxi6IT0
Post 43 IP   flag post
TL;DR Davethebrave private msg quote post Address this user
Almost bought a TT several years ago. Wife’s favorite car (no slight intended, I think it’s a great car too).

Collector cars are holding decently well so far. For the longer-term I like the diversification of cool cars but more importantly they are fun. If not for the fun and love of cars I’d say not great investments (usually) because maintenance, registration and insurance, etc, are significant. For me worth it be cause of the non-pecuniary benefits.


Quote:
Originally Posted by Joosh
Thankfully my car is holding it’s value so far; far better than my money would be doing had I left it in stocks.
I just sold my well used Audi TT so now I’m looking to replace my ASM300. It feels great to be shopping for comics again.

Quote:
Originally Posted by Davethebrave
Love the car you bought. But we also know car prices showed the same movement. Of course some cars more than others, just like some comics (or types) more than others.

Quote:
Originally Posted by Joosh
My take: Prices are still trending up over the last 3-4 years. 2020-21 was an abnormal peak that has mostly corrected.

I sold a lot of my best books last year. The sell prices seemed too good to pass up. I’m not quite ready to buy again; I bought a car.
Post 44 IP   flag post
Collector poka private msg quote post Address this user
Prices go up and down. When prices go up down-grade. When prices go down - up-grade
Post 45 IP   flag post
Collector Joosh private msg quote post Address this user
Happy Birthday!
No slight taken; the TT is a timeless design with one my favorite interiors of all cars.
The collector car investment, not entirely unlike the comic book investment, is a lifestyle opportunity. Cars certainly do demand more of their caretaker than books.

Quote:
Originally Posted by Davethebrave
Almost bought a TT several years ago. Wife’s favorite car (no slight intended, I think it’s a great car too).

Collector cars are holding decently well so far. For the longer-term I like the diversification of cool cars but more importantly they are fun. If not for the fun and love of cars I’d say not great investments (usually) because maintenance, registration and insurance, etc, are significant. For me worth it be cause of the non-pecuniary benefits.


Quote:
Originally Posted by Joosh
Thankfully my car is holding it’s value so far; far better than my money would be doing had I left it in stocks.
I just sold my well used Audi TT so now I’m looking to replace my ASM300. It feels great to be shopping for comics again.

Quote:
Originally Posted by Davethebrave
Love the car you bought. But we also know car prices showed the same movement. Of course some cars more than others, just like some comics (or types) more than others.

Quote:
Originally Posted by Joosh
My take: Prices are still trending up over the last 3-4 years. 2020-21 was an abnormal peak that has mostly corrected.

I sold a lot of my best books last year. The sell prices seemed too good to pass up. I’m not quite ready to buy again; I bought a car.
Post 46 IP   flag post
CBCS Boomhauer HeinzDad private msg quote post Address this user
@Joosh, please tell me you've roasted at least one set of rear tires?
Post 47 IP   flag post
Masculinity takes a holiday. EbayMafia private msg quote post Address this user
@Joosh When you’re talking about Vipers and Audi’s, I wasn’t really expecting the next line to be that you’re chasing an ASM 300. I was expecting something a bit less common.
Post 48 IP   flag post
Collector Haljordanfan private msg quote post Address this user
@Joosh We just picked up a ‘19 TT Roadster with the S competition package on it in Tango Red. It’s been a tremendous amount of fun and with its great AWD system, I can’t wait to slap a set on snow tires in the winter and play.
Post 49 IP   flag post
Masculinity takes a holiday. EbayMafia private msg quote post Address this user
Quote:
Originally Posted by Davethebrave
Marvel keys are sitting 30% down already and I feel no impulse to buy… yet.


@Davethebrave since you are comparing across collectibles, I assume you are looking at "nominal" dollar declines rather than real dollar declines? Compared to the peak they are down 30%. But compared to a shopping trip to Costco or the local grocery store that 30% decline might be closer to 50%?
Post 50 IP   flag post
TL;DR Davethebrave private msg quote post Address this user
@EbayMafia Definitely. I’ll spare folks (and my thumbs) a long-form response but headline inflation level and persistence is not what I’d compare against.

Mix/imputed costs/permanence/natural hedges impact any comparisons.

Kept simple, my ASM129 will convert to fewer Costco Nutella Megapacks today than a year ago, regardless of how well the comic is holding. At this moment. Agreed.
Post 51 IP   flag post
I'm good with splotches. Nuffsaid111 private msg quote post Address this user
I sold my ASM 129 recently for a few packs of Bazooka bubble gum.
Post 52 IP   flag post
#cgcshill WMorse private msg quote post Address this user

Post 53 IP   flag post
Collector Joosh private msg quote post Address this user
Quote:
Originally Posted by EbayMafia
@Joosh When you’re talking about Vipers and Audi’s, I wasn’t really expecting the next line to be that you’re chasing an ASM 300. I was expecting something a bit less common.


I am making it more difficult by searching for a 9.6 Newsstand edition of ASM300. I didn’t sell the hard to find books last year; I sold the easily replaced books, like ASM300 and UF4.

@heinzdad My rear tires are $500+ea so I can honestly say I have not roasted the tires.

@davethebrave you get it. Though the Viper is nominally worth what I bought it for last year, it’s value would purchase far fewer gallons of gas now than before. Fiat currency is so much fun.

@wmorse are you holding silver bar? That joker bar is really cool. I’ve got a small amount of Ag and Au bars, but they are plain.
Post 54 IP   flag post
#cgcshill WMorse private msg quote post Address this user
The premium was high @Joosh, but I couldn't resist.
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