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TMNT #1 Club
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Started by RockMyAmadeus,

3,699 posts in this topic

valiantman

valiantman

Posted
Posted
8 minutes ago, Icculus308win said:
18 minutes ago, valiantman said:

Now at $63,000 (with BP) and 20 hours to go.

Wow!

So you are telling me at least two individuals want this book bad enough, to pay more than double what it’s been selling past few years?

Apparently, which is even more surprising when it's likely that both bidders know a second 9.8 is coming up on Heritage in November.

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valiantman

valiantman

Posted
Posted
4 hours ago, valiantman said:

https://comics.ha.com/itm/modern-age-1980-present-/alternative-underground/teenage-mutant-ninja-turtles-1-mirage-studios-1984-cgc-nm-mt-98-white-pages/a/7211-91091.s?ic4=ListView-ShortDescription-071515

Now at $63,000 (with BP) and 20 hours to go.

Now $75,000 with 15 hours to go.

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GM8

GM8

Posted
Posted

Wow. Well, that's what happens when you have few 9.8's come up for auction at a site like Heritage for a year. Ebay has had several 9.8's listed since for far less but no bites. Heritage has the access and trust of wealthy buyers. Pair that with a rare comic and boom.

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carefulsum

carefulsum

Posted
Posted
53 minutes ago, GM8 said:

Wow. Well, that's what happens when you have few 9.8's come up for auction at a site like Heritage for a year. Ebay has had several 9.8's listed since for far less but no bites. Heritage has the access and trust of wealthy buyers. Pair that with a rare comic and boom.

So by paying this premium markup, are these crazy bidders getting ripped off or just basically setting the new "floor" price point for 9.8's of this book for the future?  

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GM8

GM8

Posted
Posted
6 minutes ago, carefulsum said:

So by paying this premium markup, are these crazy bidders getting ripped off or just basically setting the new "floor" price point for 9.8's of this book for the future?  

The premium is very clear and obvious. Price is what someone is willing to pay. In this case right now, someone is willing to pay $75,000. It doesn't matter the seller only would get $62.5K. He'll likely get even less with taxes and other costs already spent. So yes, the floor is whatever the final strike price is, including the BP.

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Gotham Kid

Gotham Kid

Posted
Posted (edited)
10 hours ago, Icculus308win said:

Again book has been a $30K+/- book for 3 years - now $75K ($62K w/out BP) in matter of a day - it’s nuts

di-ck measuring contest between 2 yahoos

reminds me of the time when a Tec 44 8.5 went for 19K (!!!) on Heritage (internet bidding ended at around 4K) when even the Highest Graded Central Valley 9.4 is at 11.7K

Edited by Gotham Kid
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rich_TMNT

rich_TMNT

Posted
Posted

This is incredible!  Wonder if this will get to six figures. 
I suppose it's not that surprising though.  This price jump is the same thing that happened to Turtlemania GOLD and SILVER as of late.  GOLD has been about a $10-15K book for a few years and now it's suddenly nearly $60K.  SILVER was $1-2K and now $8-9K.  Turtles are hot now and my opinion is that these rare low-print quantity books have caught the eyes of collectors in general...not just Turtles collectors.  And, these collectors have some deep pockets...much deeper than mine! 

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WolverineX

WolverineX

Posted
Posted
16 minutes ago, rich_TMNT said:

This is incredible!  Wonder if this will get to six figures. 
I suppose it's not that surprising though.  This price jump is the same thing that happened to Turtlemania GOLD and SILVER as of late.  GOLD has been about a $10-15K book for a few years and now it's suddenly nearly $60K.  SILVER was $1-2K and now $8-9K.  Turtles are hot now and my opinion is that these rare low-print quantity books have caught the eyes of collectors in general...not just Turtles collectors.  And, these collectors have some deep pockets...much deeper than mine! 

I wonder if this will pull up other grades?  

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TMNT

TMNT

Posted
Posted

Wow... I've always been struck by the relative low prices for the rare Turtles books and OA in relation to other properties. So while I'm not particularly surprised overall there's finally been an upward trend (in both the books and original art) , I am surprised by the speed this jump is happening. I mean, the Gold I can understand there's only 10. But theres plenty of #1, even in 9.8, that surely can be had for less than then these last few bids. Fun to watch though! 

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GM8

GM8

Posted
Posted
1 hour ago, Gotham Kid said:

di-ck measuring contest between 2 yahoos

reminds me of the time when a Tec 44 8.5 went for 19K (!!!) on Heritage (internet bidding ended at around 4K) when even the Highest Graded Central Valley 9.4 is at 11.7K

If it makes you feel any better, there's a Magic the Gathering card up in the same auction that some other yahoos have bid up more than this Turtles book.

29 minutes ago, rich_TMNT said:

This is incredible!  Wonder if this will get to six figures. 
I suppose it's not that surprising though.  This price jump is the same thing that happened to Turtlemania GOLD and SILVER as of late.  GOLD has been about a $10-15K book for a few years and now it's suddenly nearly $60K.  SILVER was $1-2K and now $8-9K.  Turtles are hot now and my opinion is that these rare low-print quantity books have caught the eyes of collectors in general...not just Turtles collectors.  And, these collectors have some deep pockets...much deeper than mine! 

That's what made me think this one could sail way higher, that Gold sale was another level. The amazing thing to me is that this is organic. There's no movie out or any other major news really.

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rich_TMNT

rich_TMNT

Posted
Posted
10 minutes ago, GM8 said:

The amazing thing to me is that this is organic. There's no movie out or any other major news really.

I'd say the introduction of Jennika the 5th Turtle is pretty major news...the last 4 weeks have been Turtles-mania and I'm betting that could have something to do with it. 

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valiantman

valiantman

Posted
Posted (edited)
16 minutes ago, GM8 said:
48 minutes ago, rich_TMNT said:

This is incredible!  Wonder if this will get to six figures. 
I suppose it's not that surprising though.  This price jump is the same thing that happened to Turtlemania GOLD and SILVER as of late.  GOLD has been about a $10-15K book for a few years and now it's suddenly nearly $60K.  SILVER was $1-2K and now $8-9K.  Turtles are hot now and my opinion is that these rare low-print quantity books have caught the eyes of collectors in general...not just Turtles collectors.  And, these collectors have some deep pockets...much deeper than mine! 

That's what made me think this one could sail way higher, that Gold sale was another level. The amazing thing to me is that this is organic. There's no movie out or any other major news really.

I don't dislike the Turtlemania books as much as some of the more recent books with "rarity" as their only redeeming quality, but it's really hard for me to "rank" even a Turtlemania Gold (or Gobbledygook #1) above a mint copy of TMNT #1. 

For the Turtlemania Gold books, "there are only 10 copies" is an exciting statement, but it's combined with "Is this the Turtles first appearance?  No, it's from two years later, and the Turtles were already pretty popular, and the book isn't an official Turtles book, and the rarity was done on purpose."

TMNT #1 succeeds on a bunch of levels where books like Turtlemania Gold don't.

Edited by valiantman
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