• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

(attempted) Flip of the Day!
12 12

2,075 posts in this topic

11 hours ago, zhamlau said:

 

Remember: what two consenting adults do in private (in this case one buying one selling) is really not anyone else’s concern. If you feel so moved to attack them for their consensual act that doesn’t harm you, it might be revaluation time.

Ehh, by this analogy, only the original purchase was a consensual act in private. The flip is secretly recording the act and putting it on pornhub. That’s revenge porn, and there’s laws against that. hm

Link to comment
Share on other sites

Make sure to offer quite a bit less than $1,020 (+ sales tax) because that’s what EE paid for this Zeck Captain America #269 page less than two weeks ago on Heritage...

http://www.comicartshop.com/gallerypiece.asp?piece=1570302

https://comics.ha.com/itm/original-comic-art/mike-zeck-and-joe-rubinstein-captain-america-269-page-9-original-art-marvel-1982-/a/7211-94368.s?ic4=ListView-ShortDescription-071515

 

 

Link to comment
Share on other sites

1 hour ago, lobrac said:

Make sure to offer quite a bit less than $1,020 (+ sales tax) because that’s what EE paid for this Zeck Captain America #269 page less than two weeks ago on Heritage...

http://www.comicartshop.com/gallerypiece.asp?piece=1570302

https://comics.ha.com/itm/original-comic-art/mike-zeck-and-joe-rubinstein-captain-america-269-page-9-original-art-marvel-1982-/a/7211-94368.s?ic4=ListView-ShortDescription-071515

 

 

Since I'm not buying, I passed at HA even, he's gonna be stuck with this for a while ;)

Link to comment
Share on other sites

Greed, butthurt, pettiness, hypocrisy... this thread has it all. Now for some holier-than-thou-ness:

This is the only hobby I've had where everything I've sold was (somehow) sold at profit, but I've never sold within 8 months of my original acquisition.

Just like lowballing (which I used to experience in my earlier days on the OA boards), flipping by dealers and collectors alike ain't going anywhere.

So we might as well sit back with our popcorn.

Link to comment
Share on other sites

Rom (1979) #16 Cover  Comic Art

Cool to see my old ROM cover I sold to a boardie years ago now on EE's site.  Hannigan sig fading in the UPC box.  Click the image a couple times to embiggen.  David

Edited by aokartman
added text
Link to comment
Share on other sites

Oh yeah, EE. He and me seem to have a lot of the same taste so I often think I'm bidding against him on a lot of pieces. When a Moon Knight or ROM piece gets sold there's a good chance he might have been the one to get it to resell. I also noticed he had one of the the ROM pieces I sold myself which he might have actually found a buyer for.

You can find him on Instagram also where he advertises these pieces for sale along with comics.

Link to comment
Share on other sites

7 hours ago, DeadpoolJr. said:

Oh yeah, EE. He and me seem to have a lot of the same taste so I often think I'm bidding against him on a lot of pieces. When a Moon Knight or ROM piece gets sold there's a good chance he might have been the one to get it to resell. I also noticed he had one of the the ROM pieces I sold myself which he might have actually found a buyer for.

You can find him on Instagram also where he advertises these pieces for sale along with comics.

Punishment.

                     Bids.

Link to comment
Share on other sites

Zeck Defenders #130 page. Sold on Comiclink for $2000 on Sept. 3:

https://www.comiclink.com/auctions/item.asp?back=%2FAUCTIONS%2FALLSUB.ASP%3FFocused%3D1%26id%3D1398%26Artist%3DMIKE%20ZECK%23Item_1328461&id=1328461&itemType=1

Now, 7 days later, $2500:

https://www.comicartfans.com/GalleryPiece.asp?Piece=1575787&GSub=171439

After paying shipping and sales tax...what’s the point to try and re-sell this? Oh, it’s Erik Essington!

 

Link to comment
Share on other sites

3 hours ago, lobrac said:

Zeck Defenders #130 page. Sold on Comiclink for $2000 on Sept. 3:

https://www.comiclink.com/auctions/item.asp?back=%2FAUCTIONS%2FALLSUB.ASP%3FFocused%3D1%26id%3D1398%26Artist%3DMIKE%20ZECK%23Item_1328461&id=1328461&itemType=1

Now, 7 days later, $2500:

https://www.comicartfans.com/GalleryPiece.asp?Piece=1575787&GSub=171439

After paying shipping and sales tax...what’s the point to try and re-sell this? Oh, it’s Erik Essington!

 

For such a tight spread, I wonder...

Even if it's all on the up and up, the consignor and the winner are not the same end user...it's a dark day for somebody's lenders if they're flipping for less than 25%, and against such a low number to begin with.

Edited by vodou
clarity
Link to comment
Share on other sites

1 minute ago, AnkurJ said:

Many people have a tax exemption. So a $500 mark up is too much on a $2000 piece? Have you seen dealer mark ups?

You misread: not enough. $500 is nothing today, unless you're pushing serious volume (daily, not weekly). That is not Eric Essington ;)

Link to comment
Share on other sites

On 9/10/2019 at 4:25 PM, vodou said:

You misread: not enough. $500 is nothing today, unless you're pushing serious volume (daily, not weekly). That is not Eric Essington ;)

Not for lack of trying, the amount of venues I see him list an item I didn’t want before the flip...

Link to comment
Share on other sites

7 hours ago, cloud cloddie said:

Not for lack of trying, the amount of venues I see him list an item I didn’t want before the flip...

I hear ya. The best I can tell, in our space, the only guy working the low margin; high volume game successfully is Anthony. But (warning: irony) it's with everything other than comic art. Comic art is a buy 'n hold proposition, flipping only pays in volume (low margin) unless you're fleecing somebody disconnected to current market, like an older offline artist/collector, spouse/estate of same, etc. That's where you get your quick high margin smash. Some fall into these situations on occasion (right place, right time: Swampy #37 cvr) others are predators. Nobody is doing it buying highest and asking highest+ a week later. That is Eric Essington ;)

Link to comment
Share on other sites

6 hours ago, vodou said:

I hear ya. The best I can tell, in our space, the only guy working the low margin; high volume game successfully is Anthony. But (warning: irony) it's with everything other than comic art. Comic art is a buy 'n hold proposition, flipping only pays in volume (low margin) unless you're fleecing somebody disconnected to current market, like an older offline artist/collector, spouse/estate of same, etc. That's where you get your quick high margin smash. Some fall into these situations on occasion (right place, right time: Swampy #37 cvr) others are predators. Nobody is doing it buying highest and asking highest+ a week later. That is Eric Essington ;)

I saw a page on eBay for $200 by Perez that wasn’t bad, but not quite what I wanted.Three hours or so later, it was gone. Anthony’s is now looking for $450 for it.

Link to comment
Share on other sites

5 minutes ago, Rick2you2 said:

I saw a page on eBay for $200 by Perez that wasn’t bad, but not quite what I wanted.Three hours or so later, it was gone. Anthony’s is now looking for $450 for it.

Even without looking I know it will be with Anthony for at least two years, unless he take a healthy price cut in cash or trade (say down to $250-300ish). The market just isn't that dumb, unless $200 was listed akin to right place; right time buying opportunity which happens on occasion to all of us but waiting for with bated breath is not what a successful business is built on lol

Link to comment
Share on other sites

2 hours ago, vodou said:

Even without looking I know it will be with Anthony for at least two years, unless he take a healthy price cut in cash or trade (say down to $250-300ish). The market just isn't that dumb, unless $200 was listed akin to right place; right time buying opportunity which happens on occasion to all of us but waiting for with bated breath is not what a successful business is built on lol

I flipped a page to an auction house two years ago. True story I was in the dentist chair getting a crown done. During breaks from this fun procedure I tracked and won an eBay auction for a Gil Kane page all Spider-Man paid $1500. On my I phone.

it was a neat page and I was sure it was worth more than I paid for it. I showed it to a few reps from an auction house at a con, they begged me to list it. “We need a really strong Spider-Man example and we think you’d do well,” they told me.

I began testing the waters. I wound up getting them so worked up I negotiated them buying the page outright from me.

$3000

i doubled my money.

Then I sweated it out. What if this page goes for $5-6k? I waited.

Auction day I held my breath. I was also worried what if it sells too low? and the auction house gets ticked at me.

It went down....a few dollars over what I originally paid about $1550. The auction house lost money.

With all the info out there I recommend you do your research before buying. Many times you can find what a piece recently sold for. Helps you decide how bad do I want this page? Should I pay more than the last known sale price?

That in general is how you guys have been identifying and reporting the FLIP OF THE DAY.

Now it goes both ways. Guys like Mike Burkey are lightning quick to replace a dollar price with SOLD. That’s good for the buyer. When he goes to sell only those who paid attention will remember the last sold price value.

I was hurt when I found a 80’s  Carmine Infantino interior page with Batman wiping the floor with a super villain. I overpaid $1500 but I believe I had some meat on the bone if it was seen at auction. I listed it and it sold for $1556 so a net loss paying auction fee.

What hurt me is the small comic hobby shop I bought the piece from refused to take the sold piece down or remove the price and show as sold. I’m positive sharp collectors searched the internet for the original art page and found the price I paid for it.

So as a buyer I like guys like Romitaman that take away the price once sold.

As a seller I’m at a disadvantage if the website I bought from does not remove that sale price. 

Ive benefited both ways but I had to learn the hard way. What works for you can also work against you.

I’ve never in my life flipped to an uneducated rube. There were times where I was hounded for a piece that was clearly marked NFS on my CAF. I’ve also been hounded by dealers when they go through my portfolio.

With dealers I expect they know their field. So I go to war accordingly.

With someone contacting me about their grail, I gotta have it please sell it to me and so on I think about my NFS piece.

Is there any reasonable price I would take? If not I politely decline and offer the obligatory olive branch. 

“Yes I will contact you if I ever decide to sell.”

If I do decide to throw out a sales price I use the following formula to determine the price.

NFS x ( LTR) x FMV = BASE $ (5)

or

Not for sale multiplied by Learn to Read multiplied by Fairmarket value = my base valuation multiplied by five.

NFS valued at 1 LTR valued at 1

So my FF 200 page FMV $2500

1 x 1 x $2500 = $2500 x 5 = $12500

So my unsolicited base is $12500

Subject to Los Bros inquire tax = 3 x FMV or 3 x $2500 = $750O + $12500= $$20000.

Now apply a 10% artist tax for the artist so 

Keith Pollard $2000

Joe Sinnott $2000

Now a Future gains reward tax 50% goes to Profiles in History who sold me the page twenty years ago. I paid them of course but they deserve more because the page wound up being worth so much more than I paid them.

That’s $10,000

You still with grape-ape?

$20,000 - $2000-$2000-$10,000=$6000 

 

If I’ve missed any redistribution values or mark up values please post a response and I’ll reconfigure  my calculations.

🍇.  🦍

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
12 12