Are These Comics Crashing?!? How to Limit Your Risk!
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- Опубликовано: 1 окт 2024
- #cgc #comics #comicmarket #mcu
There were some disappointing sales in the recent Heritage auction. Let's talk about those and one way you can avoid finding yourself in this situation.
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Wow, yes Ryan it looks like you never can tell at auction what you are going to get for your books. I told you a few times that is my copy of Superman.1 yes, I am very very upset and disappointed. Because mainly 4.5 restored with trimming sold recently on Comic Link for almost $70,000.. I could say I’m very pissed off. They cannot get the restoration off but that’s not the problem. I should have gotten a lot more.. I think I told you Dave from comic book investments. He is as pissed off as me because he has his own auctions and he didn’t use that.. so he ended up losing thousands thousands of dollars on the albedo, 9.8.. he was expecting over $45-$55,000. The auction ended at $28,000 I believe.. he says on his video he had better offers from people before he put it for sale at auction. Yes it’s very very depressing..🤯🤯🤯
I always appreciate your cool, calm, collected, and logical approach; it's the antidote for raw emotion and FOMO 😅
Great information, thank you.
Anyway, because of what just happened to me, I don’t think I will ever sell my Batman 1 restored 5.0 with trimming I will just be very unhappy again.😞😞😞
On ebay my starting bid is my reserve because the fee they charge is stupid high.
Ouch, someone's going to make a TON of money removing the resto and resubbing.
Hi Ryan. Interesting video as always.
On the subject of trimming, IMHO permanently removing part of a book is not restoration. It's unrestorable damage. Period.
Useful to note too, that if someone has scribbled a huge penis on a cover, it will be deemed to have a better grade than if they'd dabbed a couple of white spots with a biro. Some folks would virtually destroy a valuable book to remove those inconsequential pen points. Personally I think cgc should offer a choice to take a grade hit for ink on cover, rather than automatically getting that restored grade.
It's always a risk with an auction. I think it comes down to what you paid for the book originally. If you have been a long time collector like me and you bought the books years and years ago, the chances are high you are going to be making out ok. If you bought at the height of the market and now have to sell for whatever reason, then yeah, you are going to be losing money. It all comes down to your cost in the book.
Restored books might be the best option for a collector who wants the books and does not care about resale. I would rather own a copy that doesn't hurt the eyes for half the price than a train wreck in plastic with a blue label.
Auction is liquidation. It’s extremely hard to come out ahead when you have to give up 20% BP - unless you have 40-50% margin on a book to risk.
Comiclink does not have any buyers premium. ComicConnect also allows you to sell without buyers premium. I would never sell on Heritage because of their mandatory 20% buyers premium which I believe suppresses the sales value available to the seller.
At $48,000, was that with the buyer premium and the 20% commission... did the seller only get $37,400?
Yes seller gets 20% less than shown price in video.
That’s not how the buyers premium works. It would be $40,000 x0.2. That’s how you get to $48,000.
Also, it depends what deal the seller worked out with heritage. Depending on the book (heritage wants bigger books in their auction), they can often get better terms.
To be fair, the Albedo 2 was not just another 9.8. It was a 1 of 1 (Stan Sakai's personal copy).
Not Stan Sakai’s personal copy. It was Steven Gallacci’s copy. Definitely makes a big difference since Sakai is much more well known.
@@AutomaticComics That's right; I remembered incorrectly. 👍
Any time you put a Comic on sale anything can happen. Heck, if you get the wrong buyer they can try to swipe your book or claim it came damaged. Also, some sellers are shady and try to sell used comics as NM. All you can do, is try to navigate the comic waters and hope you don't end up getting sucked into a vortex.
Auctions are so hit or miss, but definitely putting multiple books up at the same time is a good idea
why do you waste so much of your time discussing a Superman #1 which is so far out of the reach of 98% of the comic collecting market...I listened to the first 10 minutes...then zipped past the rest....imo...talk to the mainstream of comic collecting, or at least don't use examples that nobody will care about....
Because it’s what I think is interesting. Sounds like you should go check out comic Tom if that’s what you want.
I’m not looking to just parrot what other channels discuss.
The lessons to be learned from this apply to comics at nearly all price points, not just 5-figure books.
I care about it because its a huge key, its golden age, its highly sought after and well known. I will never own it. I still enjoy it. That's what collecting is all about. Yes, he could do a video about ASM 300, but it doesn't matter, because its about the principle, not the particular book. You are one out of 2,000 plus viewers, its just not possible for any creator to showcase whatever books you are interested in.
Great vid.
Auctions are hit and miss and too risky. You’re taking a chance that two bidders will want your book so much that they’ll bid up the price. The risks are inherent. Like Ryan, I would rather fix-price books on eBay or another platform.
It depends whether you have the patience to wait to sell your book until you get the price you want, which might be…..never.