Mandatory teaser? No thanks, I'm no bully and I kinda like you people.
So I have a batch of books I put in a December auction and the universe decided it was time for me to learn a lesson with the first 2 silver age books that just ended last night.
Sub-Mariner 1 CGC 9.4 ended at $304.55 (which is almost $100 below the 12 month average for this book at this grade according to GPAnalysis) and Daredevil 7 CGC 7.0 ended at $194.50 ( almost $60 below the annual GPA average for this book at this grade)
The lessons learned are:
1. Don't auction/consign books during the Holiday shopping season (I already had a feeling about this, but this was the last month of the NO SELLER FEES special that was being offered.) I guess the idea of focusing funds on buying gifts for others this time of year takes many potential bidders out the equation and less competition/bidders means less demand and equals lower realized prices on the books at auction. I saw this coming, but gambled anyway.
2. Maybe NO RESERVE auctions are not for me on my headlining books. Maybe my next batch of books I flip will have a reserve or a pre-set minimum bid for the bigger ticket items rather than starting at $1.
I barely made anything on these "flips" (more like flops this time) to the tune of only about 14% profit on these 2 books.
Here is to hoping the rest of my books in this auction do better and a big CONGRATULATIONS to the winners of these books that scored big time.
To see a list of my books in auction that end tonight you can head over to the CGC Forum on the message boards and look at the last board "Comics Market - Sales Advertising - Ebay, Dealers, etc." and you can find my thread titled "NoReserve! CGC Bronze/Copper Age X-Men, TMNT, Daredevil, Spidey, & more END SOON" there is a link to the auction pages.(The link is was trying to use kept getting corrupted)
Good luck and happy hunting!
I'm going to work now.