With prices being down, is anyone buying?18022
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Mmanick private msg quote post Address this user | |
Quote:Originally Posted by silveragecomicsukthat 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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have 
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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 āmiddlingā 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 doesnāt 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 āinvestmentsā (for those seeking that in comics) for the long termā¦ even at todayās prices. |
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 I'm not a plagiarist. I'm also not illiterate.
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drmccoy74 private msg quote post Address this user | |
Quote:Originally Posted by EbayMafiayes and no Misread it. I was thinking Adventure 247 LOSH. One of my all time favorites. He meant Supergirl  |
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 Collector
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Haljordanfan private msg quote post Address this user | |
| Iām trying to if that counts. | ||
| Post 29 • IP flag post | ||
 Not trying to be an ass since February 12, 2020.
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HulkSmash private msg quote post Address this user | |
They may be down, but I still canāt afford many compared to 3-4 years ago |
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| Post 30 • IP flag post | ||
 Collector
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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? |
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| Post 31 • IP flag post | ||
 Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by MRmintastic How do you mean? Because prices are too high? Or because they might fall? |
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| Post 32 • IP flag post | ||
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Collector
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MRmintastic private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia 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. |
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| Post 33 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by MRmintastic 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. |
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| Post 34 • IP flag post | ||
 If the viagra is working you should be well over a 9.8.
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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 | ||
 No rust here...
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Nearmint67 private msg quote post Address this user | |
Quote:Originally Posted by MRmintastic 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 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. |
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| Post 36 • IP flag post | ||
 I'd like to say I still turned out alright, but that would be a lie.
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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 | ||
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Davethebrave private msg quote post Address this user | |
| Iām 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 Iām holding B&B28 I am not feeling anxiousā¦ 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 buyā¦ yet. As the market poll shows, most people already expect a recession. Weāll 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 Aprilās 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 werenāt reached until a few months laterā¦ |
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| Post 38 • IP flag post | ||
 being an ass and being a clown are two very different things.
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HAmistoso private msg quote post Address this user | |
| Apparently GA Joker covers are recession proof. | ||
| Post 39 • IP flag post | ||
 Beaten by boat oars
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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
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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 | ||
 SpongeBob Comics #1 sells for $991!
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Joosh private msg quote post Address this user | |
| Thankfully my car is holding itās 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 Iām looking to replace my ASM300. It feels great to be shopping for comics again. Quote: Originally Posted by Davethebrave |
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| Post 42 • IP flag post | ||
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No rust here...
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Nearmint67 private msg quote post Address this user | |
Quote:Originally Posted by Joosh This guy has ASM 300's almost every week from NM- to NM+ https://www.ebay.com/itm/304582664328?hash=item46ea8aa088:g:tqAAAOSwGfxi6IT0 |
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| Post 43 • IP flag post | ||
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Davethebrave private msg quote post Address this user | |
| Almost bought a TT several years ago. Wifeās favorite car (no slight intended, I think itās 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 Iād 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 |
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| Post 44 • IP flag post | ||
 Collector
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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 | ||
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SpongeBob Comics #1 sells for $991!
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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 |
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| Post 46 • IP flag post | ||
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CBCS Boomhauer
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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 | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| @Joosh When youāre talking about Vipers and Audiās, I wasnāt really expecting the next line to be that youāre chasing an ASM 300. I was expecting something a bit less common. | ||
| Post 48 • IP flag post | ||
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Collector
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Haljordanfan private msg quote post Address this user | |
| @Joosh We just picked up a ā19 TT Roadster with the S competition package on it in Tango Red. Itās been a tremendous amount of fun and with its great AWD system, I canāt wait to slap a set on snow tires in the winter and play. | ||
| Post 49 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by Davethebrave @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%? |
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| Post 50 • IP flag post | ||
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Davethebrave private msg quote post Address this user | |
| @EbayMafia Definitely. Iāll spare folks (and my thumbs) a long-form response but headline inflation level and persistence is not what Iād 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. |
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| Post 51 • IP flag post | ||
 I'm good with splotches.
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Nuffsaid111 private msg quote post Address this user | |
I sold my ASM 129 recently for a few packs of Bazooka bubble gum.  |
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| Post 52 • IP flag post | ||
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being an ass and being a clown are two very different things.
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HAmistoso private msg quote post Address this user | |
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| Post 53 • IP flag post | ||
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SpongeBob Comics #1 sells for $991!
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Joosh private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia I am making it more difficult by searching for a 9.6 Newsstand edition of ASM300. I didnāt 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, itās 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. Iāve got a small amount of Ag and Au bars, but they are plain. |
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| Post 54 • IP flag post | ||
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being an ass and being a clown are two very different things.
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HAmistoso private msg quote post Address this user | |
| The premium was high @Joosh, but I couldn't resist. | ||
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