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If a High Grade Tec #27 Broke the World Record...
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107 posts in this topic

On 5/23/2020 at 4:51 PM, Wayne-Tec said:

Hypothetically, if the CGC 9.2 copy became available for sale/auction, or another high grade Tec #27, and it set a new world record for the sale of a single comic book...

Would Tec #27s in all/most grades then jump ahead of Action #1 to become the No. 1 FMV book in the hobby?

No

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On 5/23/2020 at 6:09 PM, bluechip said:

If so it would be for illogical reasons, because, among other facts, it wouldn't change the fact there is a Mile High Action 1 out there which is probably 9.2.

But the behavior of people is not always logical

 

The mile high tec27 is a 7.5

Edited by G.A.tor
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On 5/23/2020 at 8:57 PM, Wayne-Tec said:

So long as the Church Action #1 remains raw, we can only speculate.

9.2-9.4 may be a very real possibility, but it wouldn't take much to knock it down to 9.0-9.2 if the book is being handled raw. This happens to books all the time, ones that aren't as old as Action #1. We also don't know how well the 9.2 Tec #27 presents. It would be interesting to see the two books side by side to see which looks better.

But my question has just as much to do with the future of both two books as it does specific high grade copies. I've long suspected that a shift in FMV may happen when the generation that grew up loving Batman (and feeling less enthusiastic about Superman) grows old enough to dominate the high-end GA market. That's not going to happen for another 15-30 years or so.

But seeing a new world record set with the sale of a Tec #27 might give that shift an early push. With the two books holding somewhat similar value today, some may be hesitant to pay more for book 1-A than book 1-B. If a precedent is set in the high grade, it may trickle down to the lower grades.

They are not similar today. Action 1 is a good 20% ahead of tec 27 Unrestored grade for unrestored grade. Maybe even more than 20%

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10 hours ago, Chicago Boy said:

MUCH nicer than a Certified 9.2. W//  White pages ?   

Yes 9.4/9.6 nice is supposedly what the Allentown tec 27 copy would grade 

Edited by G.A.tor
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4 minutes ago, G.A.tor said:
On 5/23/2020 at 6:09 PM, bluechip said:

If so it would be for illogical reasons, because, among other facts, it wouldn't change the fact there is a Mile High Action 1 out there which is probably 9.2.

But the behavior of people is not always logical

 

No. The mile high is a 7.5

I thought it was supposed to be 9.2 to 9.4

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6 hours ago, detective35 said:

No, even though I like Tec 27 more, in my opinion, the Church Action 1 is the King, and would command top dollar!  
 

 

^^

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3 hours ago, G.A.tor said:

Yeah. I read blue chip to infer the tec 27 was a 9.2. My bad. Too early 

The person that visited Anderson was able have a good look at the Allentown Tec 27,  and said if it anything it would be at least  9.6++ range (so 9.6 on the safe side).  It was similar to the Cap. Allentown #1 which he had seen multiple times, when Danny Kramer had owned it. 

Maybe he saw the second time that I haven’t heard of and changed his perception on it, but those were his initial thoughts.

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9 hours ago, G.A.tor said:

They are not similar today. Action 1 is a good 20% ahead of tec 27 Unrestored grade for unrestored grade. Maybe even more than 20%

“Similar” wasn’t the best choice of wording on my part, but 20-30%+ for Action #1 was about what I expected.

If the best existing Action #1 proves to be nicer than the best existing Tec #27, it will be interesting. I initially used the 9.2 Tec #27 as a hypothetical because it’s currently the highest slabbed copy. How would it match up to the best slabbed Action #1?

But the root of my curiosity is the future of both books. How will the nostalgic connection and character preference of the next generation impact the FMV hierarchy? If Tec #27 is within 20-30% right now, will the next generation who had a strong preference for Batman continue to pay 20-30% more for a character they like less?

Edited by Wayne-Tec
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41 minutes ago, Wayne-Tec said:

“Similar” wasn’t the best choice of wording on my part, but 20-30%+ for Action #1 was about what I expected.

If the best existing Action #1 proves to be nicer than the best existing Tec #27, it will be interesting. I initially used the 9.2 Tec #27 as a hypothetical because it’s currently the highest slabbed copy. How would it match up to the best slabbed Action #1?

But the root of my curiosity is the future of both books. How will the nostalgic connection and character preference of the next generation impact the FMV hierarchy? If Tec #27 is within 20-30% right now, will the next generation who had a strong preference for Batman continue to pay 20-30% more for a character they like less?

Yes. Because the entire market for those books is just a handful of folks. Doesn’t really matter what the next generation thinks about the character as only a fraction of them will be able to buy one. And action 1 at these prices likely will continue to rule the roost. Doesn’t mean tec 27 can’t close the gap, but there won’t be a repeat of 1989-1990 due to the price levels the books are at

 

batman is already almost infinitely more popular and cooler , and yet action 1 is king in the comic book value realm 

Edited by G.A.tor
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8 minutes ago, G.A.tor said:

Yes. Because the entire market for those books is just a handful of folks. Doesn’t really matter what the next generation thinks about the character as only a fraction of them will be able to buy one. And action 1 at these prices likely will continue to rule the roost. Doesn’t mean tec 27 can’t close the gap, but there won’t be a repeat of 1989-1990 due to the price levels the books are at

 

batman is already almost infinitely more popular and cooler , and yet action 1 is king in the comic book value realm 

The small customer pool is a really good point.

I suspect as of now, the majority (although not all) of Action #1/Tec #27 owners are in their 40s and above.

That means it will be another 10 years or so before the generation that preferred Batman > Superman will rise to the point of having more representation in that pool.

It will probably be another 10-30 years before the majority of collectors in that pool shift from the Superman > Batman generation into the Batman > Superman generation.

Everyone has their own preferences of course. I was born in the late 1980s and I’m in the minority within my own age group for preferring Superman > Batman. It’s close and my feelings in that regard shift from time to time. But for the majority of my generation, Batman would win in a landslide.

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41 minutes ago, Wayne-Tec said:

The small customer pool is a really good point.

I suspect as of now, the majority (although not all) of Action #1/Tec #27 owners are in their 40s and above.

That means it will be another 10 years or so before the generation that preferred Batman > Superman will rise to the point of having more representation in that pool.

It will probably be another 10-30 years before the majority of collectors in that pool shift from the Superman > Batman generation into the Batman > Superman generation.

Everyone has their own preferences of course. I was born in the late 1980s and I’m in the minority within my own age group for preferring Superman > Batman. It’s close and my feelings in that regard shift from time to time. But for the majority of my generation, Batman would win in a landslide.

Batman’s rise to top billing really started in the late 80s with the movie and such. The generation of kids then is the buying pool now. 
batman has been more popular for 30+ years and the tide is still action 1 is king. I don’t see that changing now or in 30 years as all the things that make action 1 in higher demand will still exist. 
but Time will, of course, tell

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37 minutes ago, G.A.tor said:

Batman’s rise to top billing really started in the late 80s with the movie and such. The generation of kids then is the buying pool now. 
batman has been more popular for 30+ years and the tide is still action 1 is king. I don’t see that changing now or in 30 years as all the things that make action 1 in higher demand will still exist. 
but Time will, of course, tell

You would be a lot more qualified than me to comment on this Rick, but in your experience, what % of Action #1/Tec #27 owners would you put into the following age groups?

 

Ages 20-40

 

Ages 40-60

 

Ages 60 and above

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2 minutes ago, Wayne-Tec said:

You would be a lot more qualified than me to comment on this Rick, but in your experience, what % of Action #1/Tec #27 owners would you put into the following age groups?

 

Ages 20-40

 

Ages 40-60

 

Ages 60 and above

:popcorn:

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20 minutes ago, Wayne-Tec said:

You would be a lot more qualified than me to comment on this Rick, but in your experience, what % of Action #1/Tec #27 owners would you put into the following age groups?

 

Ages 20-40

 

Ages 40-60

 

Ages 60 and above

10-60-30

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2 hours ago, Wayne-Tec said:

 

Everyone has their own preferences of course. I was born in the late 1980s and I’m in the minority within my own age group for preferring Superman > Batman. It’s close and my feelings in that regard shift from time to time. But for the majority of my generation, Batman would win in a landslide.

I'm a touch older than you, but I definitely prefer Supes... enough to tat him on me! (worship)

 

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15 hours ago, G.A.tor said:

Batman’s rise to top billing really started in the late 80s with the movie and such. The generation of kids then is the buying pool now. 
batman has been more popular for 30+ years and the tide is still action 1 is king. I don’t see that changing now or in 30 years as all the things that make action 1 in higher demand will still exist. 
but Time will, of course, tell

All This^

Batman was the #1 title for a few years in the late 60s due to the TV show, the people who watched that as a kid have certainly reached their earnings peak, and while it dipped in the 70s, it has been DC's #1 character since shortly after Dark Knight Returns (and certainly by the time of the '89 movie) with the brief exception of the Death of Superman storyline.

That's basically 35 years now as the top character for Batman, but Action #1 is still king. It's most likely not going to change.

Edited by Crowzilla
80 to 89
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