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Everything posted by skybolt
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Absolutely! I would say that a majority of these books stayed in my collection due to luck (e.g. potential buyers backing out of deals at the last minute, wanting to wait long enough to break even on some of my favorite covers, etc.). Luckily once the dust settled in 2016 I was able to keep around 20 or so books. It's interesting that the only book from this picture that I didn't consider selling 10 years ago was the Jo Jo #11 copy (your Church copy is out of this world). I think my reasoning was the book was way undervalued at the time, and still is today. I would even rank it above Jo Jo #25 as the best Jungle themed good girl art cover.
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Are prices still climbing or have they eased up a bit???
skybolt replied to InfantTerrible's topic in Comics General
I agree with this. When I was collecting golden age good girl art books, if I knew there was an LCS that carried some of them, I would've been a consistent visitor to that store. The only thing I see at the stores I frequent these days are beat up westerns. -
Are prices still climbing or have they eased up a bit???
skybolt replied to InfantTerrible's topic in Comics General
Not sure about golden age prices dropping, since a lot of them didn't even have any sales during the peak of the market. -
Are prices still climbing or have they eased up a bit???
skybolt replied to InfantTerrible's topic in Comics General
I used to make a small profit pre pandemic by buying high grade minor keys from LCS's for $3 to $5 raw and then selling them for $80 to $100 in 9.8 on eBay. However, once the comic boom hit and the prices for these books got inflated to $200 to $250, everyone and their grandmother started sending their copies to CGC. Once supply started to outpace demand, prices for these type of books dropped to around $50. You are better off purchasing a random book (with low census numbers) from a decent run, and hoping that the handful of collectors that are trying to put a run together will buy it from you. Even with this approach, once other sellers see a random book sell for $150 on eBay, all of a sudden the census numbers increase dramatically and now the book is down to $40 in 9.8. -
Unfortunately, these type of scams will continue to occur with other shady characters in the future, if CGC does not get law enforcement involved. Just like Ewert, the ramifications for these type of scammers is that hey, we found out what you were doing, so now you have to leave the hobby, but can keep all the money you stole. For CGC, they would much rather incur a few million dollars in losses (via design of new cases and reimbursement of scammed customers), than have this go to court where all the dirty laundry is out on display. A court case could also bring some media coverage to this issue, which they'll avoid like the plague.
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I think CGC should implement random detailed checks on CGC re-holders moving forward, and note this on their website. If the book was found to be tampered with then additional investigation will be conducted internally to check into the submitter's past history and other books submitted at that time. At least this would act as a deterrent for someone trying to pull something similar. CGC Mike's response was great. The only question I would have is if moving forward will CGC require a book to be regraded if someone wants to add a designation on the label?