comicdonna Posted October 4, 2019 Share Posted October 4, 2019 Just now, telerites said: Kind of like the "Scotty Principle" for those of us that Trekkie minded. Aye! Link to comment Share on other sites More sharing options...
telerites Posted October 4, 2019 Share Posted October 4, 2019 Just now, comicdonna said: Aye! I added some clarity above but I agree with you, Mike. If it comes in above their extimate, great marketing fodder for them. comicdonna 1 Link to comment Share on other sites More sharing options...
pemart1966 Posted October 5, 2019 Share Posted October 5, 2019 On 10/4/2019 at 4:30 AM, MasterChief said: Thanks for the heads up, Mike. That is quite the variation in auction estimates. So, the Heritage press release of September 27, 2019, asserts an estimate $2 Million + Yet the book on display by Heritage at the NYCC, bearing the new pedigree label with the Windy City annotation, is advertised with a pre-auction estimate of $1M. What am I missing? You're missing ...about ONE MILLION DOLLARS!!! The book's grade keeps going up while it's pre-sale estimate just took a 1 million dollar haircut... Link to comment Share on other sites More sharing options...
Mmehdy Posted October 5, 2019 Share Posted October 5, 2019 It should hit a million with all this hype....just saw some NYCC video of it...stunning Link to comment Share on other sites More sharing options...
batman_fan Posted October 5, 2019 Share Posted October 5, 2019 $1,000,000 is pretty good for an 8.5 Link to comment Share on other sites More sharing options...
Popular Post MasterChief Posted October 6, 2019 Popular Post Share Posted October 6, 2019 On 10/4/2019 at 1:19 AM, comicdonna said: I believe the original 2 million dollar estimate was a very bold statement, and they realized that it would make them look bad, if it sold for much less. 10 hours ago, batman_fan said: $1,000,000 is pretty good for an 8.5 Okay... I think I get it now. So, the date of the press release indicates it was drafted sometime prior to the board's discovery that the book was a previous 8.5—>9.0 copy. The advert was most probably written based on the premise it was a new-to-market, never seen before original condition 9.4 copy. Therefore, the $2M estimate reflected same. However, once Heritage realized the jig was up, the estimate was adjusted to reflect a forecasted market value for an 8.5/9.0 copy. Makes sense. woowoo, Randall Dowling, Gotham Kid and 3 others 6 Link to comment Share on other sites More sharing options...
pemart1966 Posted October 6, 2019 Share Posted October 6, 2019 6 hours ago, MasterChief said: Okay... I think I get it now. So, the date of the press release indicates it was drafted sometime prior to the board's discovery that the book was a previous 8.5—>9.0 copy. The advert was most probably written based on the premise it was a new-to-market, never seen before original condition 9.4 copy. Therefore, the $2M estimate reflected same. However, once Heritage realized the jig was up, the estimate was adjusted to reflect a forecasted market value for an 8.5/9.0 copy. Makes sense. I do notice however that the description has not been adjusted to reflect the new information On a side note: How does All American 16 surpass Marvel 1 on Overstreet's Top 100 list?? No contest that Marvel 1 should be ahead of AM 16 IMHO. Link to comment Share on other sites More sharing options...
sfcityduck Posted October 6, 2019 Share Posted October 6, 2019 (edited) 8 hours ago, MasterChief said: Okay... I think I get it now. So, the date of the press release indicates it was drafted sometime prior to the board's discovery that the book was a previous 8.5—>9.0 copy. The advert was most probably written based on the premise it was a new-to-market, never seen before original condition 9.4 copy. Therefore, the $2M estimate reflected same. However, once Heritage realized the jig was up, the estimate was adjusted to reflect a forecasted market value for an 8.5/9.0 copy. Makes sense. I think it is unrealistic to think that Heritage would not know the CGC history of a $1M+ comic they are auctioning. They knew. My guess is the $2M estimate was a typo. Has any MC 1 ever topped $300K at auction or $350K in a private sale? I don't think so. But the CA 1 9.4 result makes $1M seem realistic. That $2M was just plain crazy The only comic to top $1.5M is Action 1. Heritage knows this. It was a typo. Edited October 6, 2019 by sfcityduck porcupine48, Randall Dowling and Knightsofold 2 1 Link to comment Share on other sites More sharing options...
batman_fan Posted October 6, 2019 Share Posted October 6, 2019 32 minutes ago, sfcityduck said: I think it is unrealistic to think that Heritage would not know the CGC history of a $1M+ comic they are auctioning. They knew. My guess is the $2M estimate was a typo. Has any MC 1 ever topped $300K at auction or $350K in a private sale? I don't think so. But the CA 1 9.4 result makes $1M seem realistic. That $2M was just plain crazy The only comic to top $1.5M is Action 1. Heritage knows this. It was a typo. Very few books could hit the $2 million point. In my mind based on my extensive research and custom developed algorithms, it really comes down to: Action 1 Detective 27 maybe highest graded Captain America 1 The Adventures of Obadiah Oldbuck Link to comment Share on other sites More sharing options...
pemart1966 Posted October 6, 2019 Share Posted October 6, 2019 41 minutes ago, sfcityduck said: I think it is unrealistic to think that Heritage would not know the CGC history of a $1M+ comic they are auctioning. They knew. My guess is the $2M estimate was a typo. Has any MC 1 ever topped $300K at auction or $350K in a private sale? I don't think so. But the CA 1 9.4 result makes $1M seem realistic. That $2M was just plain crazy The only comic to top $1.5M is Action 1. Heritage knows this. It was a typo. That's not an insignificant typo. I can't believe that it would have passed over that many eyes and no one catching it. Probably a post facto reality check? I agree with you though - there's enough experience there that "they knew". sfcityduck 1 Link to comment Share on other sites More sharing options...
Marty Mann Posted October 6, 2019 Share Posted October 6, 2019 Raw copy in the December 18, 1991 SOTHEBYS Auction...sold for $28,600 (Price includes the 10% Buyers Premium) MasterChief, Badger, porcupine48 and 1 other 2 2 Link to comment Share on other sites More sharing options...
comicdonna Posted October 6, 2019 Share Posted October 6, 2019 I believe this thread had something to do with it. If they "knew all", wouldn't they have had the pedigree label added to the slab, without someone from here? contacting them? Badger, MasterChief and porcupine48 3 Link to comment Share on other sites More sharing options...
sacentaur Posted October 6, 2019 Share Posted October 6, 2019 34 minutes ago, Marty Mann said: Raw copy in the December 18, 1991 SOTHEBYS Auction...sold for $28,600 (Price includes the 10% Buyers Premium) IIRC, the Larson copy was bought by the Walmart guy who proceeded to display it around the country thus causing cover fading. I have never seen the book, so can’t judge. Badger 1 Link to comment Share on other sites More sharing options...
szav Posted October 6, 2019 Share Posted October 6, 2019 3 hours ago, batman_fan said: Very few books could hit the $2 million point. In my mind based on my extensive research and custom developed algorithms, it really comes down to: Action 1 Detective 27 maybe highest graded Captain America 1 The Adventures of Obadiah Oldbuck Possibly the AF 15 9.6s too...wouldn’t shock me to see it happen. sagii 1 Link to comment Share on other sites More sharing options...
woowoo Posted October 6, 2019 Share Posted October 6, 2019 1 hour ago, szav said: Possibly the AF 15 9.6s too...wouldn’t shock me to see it happen. YEARS TO GO STILL. Link to comment Share on other sites More sharing options...
Crowzilla Posted October 6, 2019 Author Share Posted October 6, 2019 14 minutes ago, woowoo said: YEARS TO GO STILL. That's what my brain wants to say also, but when a 9.2 sells for basically $600K and there are 10 higher graded ones, who knows. It's been 2 years since one of the 6(!) 9.4s sold for $700K, i think the only thing we know is that it's safe to say each of the 9.6s is worth 1 million plus. Link to comment Share on other sites More sharing options...
woowoo Posted October 6, 2019 Share Posted October 6, 2019 7 minutes ago, Crowzilla said: That's what my brain wants to say also, but when a 9.2 sells for basically $600K and there are 10 higher graded ones, who knows. It's been 2 years since one of the 6(!) 9.4s sold for $700K, i think the only thing we know is that it's safe to say each of the 9.6s is worth 1 million plus. https://www.comicconnect.com/bookDetail.php?id=407295 Link to comment Share on other sites More sharing options...
Gotham Kid Posted October 6, 2019 Share Posted October 6, 2019 (edited) 22 minutes ago, Crowzilla said: It's been 2 years since one of the 6(!) 9.4s I'm willing to wager there are many more in private collections in such high grade. Edited October 6, 2019 by Gotham Kid D84 and sfcityduck 2 Link to comment Share on other sites More sharing options...
comicdonna Posted October 6, 2019 Share Posted October 6, 2019 Someone has posted that he knows of a collector that has a whole short box of raw AF15's It's only a matter time before a 9.8 shows up on the census, as well as other HG copies. Link to comment Share on other sites More sharing options...
szav Posted October 6, 2019 Share Posted October 6, 2019 43 minutes ago, comicdonna said: Someone has posted that he knows of a collector that has a whole short box of raw AF15's It's only a matter time before a 9.8 shows up on the census, as well as other HG copies. I have a hard time believing stories like this. Most people would feel compelled to slow release the majority of their high grade copies before everyone else does it and floods the market and devalues all their copies. Guess we’ll see in a few years, and I’ll admit I don’t have much direct insight into what’s out there, but I’d be surprised if most of the 9.4+ books aren’t already slabbed. Link to comment Share on other sites More sharing options...
