delekkerste

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    TOTAL NEWBIE

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  1. 1st Jungle Jim strip sells for $75K hammer 1st Flash strip sells for $400K hammer I believe the other lots passed, but, I was only half-looking after the first two lots above. Both of those sold at the low end of the estimate range, which I'm pretty sure were the reserve prices. I'm pretty sure the "underbids" were chandelier bids, as the iCollector interface didn't even let you put in a bid beneath $75K for the Jungle Jim (didn't notice if $400K was the starting bid for the Flash, but, I suspect it was).
  2. Here's the Tweet. 12 years ago? Back in 2008?? So whoever bought them kept buying every DC comic until 2014??? I guess a lot of writers are just inferring that he's the consignor without basis in fact. EDIT: All the details revealed on his FB page: Facebook, Twitter, and the entire internet is buzzing about me selling my DC Comics Collection. But they all got it wrong. In 2008 I sold them to my dear friend, John Barton, for a tiny fraction of their value with the intention of being allowed to keep them in my house until I died. But when DC ended all their runs and reverted to restarting at number one for them all, I was so sickened that I gave him permission to sell them. They were all taken away around 2015 and every comic was examined and graded by Paul Sassiene, comic expert, for Sotherbys. I rather resent everybody assuming I'm the one who's selling them, having given up the ownership twelve years ago. Sotherby's have had them for five years now so I'm bemused that the story has suddenly become public. Fifty years hard, devoted, dedicated work, and all I ever got back was a mere fraction of what I paid for them, yet they will always be known as The Ian Levine Collection.
  3. Bill Everett's stunning inks absolutely make this page.
  4. Didn't he sell the collection some years ago? Is he the consignor or did the new owner just keep Ian's name on it for marketing value?
  5. Is there a Boris appreciation thread somewhere? I couldn't find one using the search engine, so, this seemed to be the most logical place for it. Saw this one on CAF today (not mine obviously). There is so much wrong with this painting that I don't even know where to begin:
  6. I'm not big into toys, but, I'll make an exception for Wolvie vs. Silver Samurai!!
  7. These are the two issues that launched my lifelong passion for comics. I have about 70% of the original art from X-Men #172, including the cover. I also have a number of pages from X-Men #173, including these two. The art from these two issues are my favorite things in my collection and they will never be sold in my lifetime: I actually used to own the splash page from the first Silver Samurai appearance in Daredevil as well, but, without a strong nostalgic connection to it, I ended up selling it.
  8. How about settling for not getting COVID-19.
  9. I'm not seeing that at all. I see the streets barely populated, people keeping a distance and wearing masks and gloves. Looking out my window for a while now, I only saw 2 people go by, both wearing masks, one obviously coming back from a grocery store and the other one a delivery person of some type. Even the doorman of my apartment building is now physically walled off from the public and people in the building seem frightened to be around people. At least twice in the past day I've seen people consciously divert and decide to take the stairs instead of sharing an elevator with me. Sheesh.
  10. Look at the Gil Elvgren lots in the June 2008 Illo Sale and then again at the ones in the March 2009 Illo sale. Everything was in the $60Ks to $200K+ in the former and then crashing down to the $20Ks to $40Ks in the latter. One of the pieces that sold for $41K in 2006 before prices took off into the 6-figures crashed back down to $27K in the 2009 sale. I'm pretty sure Heritage has scrubbed the archive at some point. I'm almost positive that one of the $200K+ Elvgrens from 2008 re-sold for 5-figures in 2009.
  11. That's a fair assessment. The stock market peaked in October 2007, but, hard assets RIPPED into the summer of 2008. That was when Albert bought the Steranko SHIELD #7 cover for a then-astounding $75K, oil prices hit a record $147/barrel, gold prices were still hanging out close to $1K/oz. (near a record at the time), NYC real estate was still defying the national downturn, etc. August and September 2008 was when hard assets started to give up the ghost, with the publicly-traded ones like gold, oil, etc. falling off a cliff. Damien Hirst's "Beautiful Inside My Head Forever" sale in September 2008 marked the top of the art market, though, it's well acknowledged that prices were propped up by those with vested interests. The reality is that hard assets as a group peaked around July of that year. What you say about collectibles is spot-on (at least regarding comics/OA). Sellers withdrew from the market, liquidity and sales volumes collapsed and the market was mostly just frozen for a while. If the most powerful reflationary efforts of all-time hadn't kicked in relatively quickly (March 2009), the illiquidity would have eventually given way to obvious price losses. But, since the downturn was sharp, but relatively short, we never got to that stage in comics and comic art. Illustration art wasn't so lucky - go look up the results for the first HA Illo auction of 2009. It was a TOTAL BLOODBATH, I mean, just shocking. But, it rebounded astoundingly fast as reflationary efforts kicked in. I still managed to pick up some of the best deals I've ever gotten in my OA collecting career in early 2009 (I'm thinking about 3 pieces in particular, all of which I've since sold at sizable profits and which I would not have been able to buy as cheaply in, say, July 2008). So, the bottom line is that collectibles can probably withstand a short-term downturn fairly well, but, they wouldn't be immune to a longer-term recession/bear market. Also, the demographics now are worse than 12 years ago and prices are so much higher, so, there's likely to be more price sensitivity than in the past. It cracks me up to hear people saying that comics and OA prices weren't affected much by external economic conditions in the 1970s, 1980s and 1990s. Well, duh - when stuff was pennies on today's dollar, it's not like people were going to rush to sell their $5 comic books and $25 OA pages when the SHTF. Add 3 zeroes to those numbers and age the collecting cohort 25 years though, and it might be a different story. The record amount of supply hitting the market isn't going to help either if we do get a prolonged downturn.
  12. Cable hit $1.05 vs. the USD back in 1985 at the height of the pre-Plaza Accord strong USD salad days.