Randall Ries Posted April 8 Share Posted April 8 I thought that the Pennyworth Batman #227 sale was outrageous. $31,000 for a graded 9.8. Turns out that it was the beginning of people with too much money paying too much money for comic books. Which is still ongoing. When that happened Metropolis - who also had a copy of a 9.8 graded Batman #227 that they were asking $9,000 for with a sitting bit of just over $7,000 suddenly nudged their ask price to $30,000. Overnight. I see now they nudged it again to $35,000. What are they basing the price bump on? All the wild sales of Batman #227 in graded 9.8 that are going on? Yeah yeah I know it's a nice book and not many on the census but there's really no justification to ask that for that book. Unless of course they are fishing for the rube. Link to post Share on other sites
shadroch Posted April 8 Share Posted April 8 Any businessman has to factor in the replacement costs of whatever product they sell. A rising market means replacement costs go up as well. SuperBird and littledoom 2 Link to post Share on other sites
OuterboroGuy Posted April 8 Share Posted April 8 6 minutes ago, Randall Ries said: I see now they nudged it again to $35,000. What are they basing the price bump on? All the wild sales of Batman #227 in graded 9.8 that are going on? Yeah yeah I know it's a nice book and not many on the census but there's really no justification to ask that for that book. Unless of course they are fishing for the rube. Yes, that is exactly what they are basing it on. It's perfectly rational for a seller to raise prices based on what buyers are willing to pay. These are comic books, not medicine, so I can't see anyone reasonably complaining that sellers are price gouging. What seller on these boards would sell a book for 20 grand less than what they could get on the market? If there are any, I'm happy to buy. LPMendyka 1 Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 9 hours ago, OuterboroGuy said: Yes, that is exactly what they are basing it on. It's perfectly rational for a seller to raise prices based on what buyers are willing to pay. These are comic books, not medicine, so I can't see anyone reasonably complaining that sellers are price gouging. What seller on these boards would sell a book for 20 grand less than what they could get on the market? If there are any, I'm happy to buy. I get it. I am thinking the Pennyworth sale was lightning in a bottle. If/when the current outlandish money being paid for comic books trend stops, this price will no longer be. This book sat there for a long time with an ask price of $9k. Went to $30k. Now at $35k. I don't see any sales data to justify the $5k bump. Link to post Share on other sites
iggy Posted April 8 Share Posted April 8 Metropolis probably figures all eyes are on them after their record breaking Action 1 sale. Pennyworth Schmennyworth... We’re Metropolis! LPMendyka 1 Link to post Share on other sites
SuperBird Posted April 8 Share Posted April 8 They should at least reholder that thing. Randall Ries 1 Link to post Share on other sites
F For Fake Posted April 8 Share Posted April 8 39 minutes ago, Randall Ries said: I get it. I am thinking the Pennyworth sale was lightning in a bottle. If/when the current outlandish money being paid for comic books trend stops, this price will no longer be. This book sat there for a long time with an ask price of $9k. Went to $30k. Now at $35k. I don't see any sales data to justify the $5k bump. The "sales data to justify the $5k bump" is that the last one sold for $30k. Why would they list their copy at an equal or lesser price? In the current market, everything is UP UP UP. Until that changes, the assumption is that every book is going to keep selling for more than it did previously. $5 seems like a fairly modest bump on a $30k price. Do I personally think it's silly? Yes, yes of course. But that's the market right now. Someone will eventually get stuck holding the hot potato, but until that day comes, the prices will keep going up incrementally. D84 1 Link to post Share on other sites
god503 Posted April 8 Share Posted April 8 (edited) I am doing it know with a hulk 181. I listed for 8k just to find out in 2 weeks I was the cheapest with my grade so I bumped the price up to keep up with others on ebay. Not desperate for the cash so I can sit on it. Edited April 8 by god503 Randall Ries 1 Link to post Share on other sites
Popular Post Rip Posted April 8 Popular Post Share Posted April 8 Its because the Oakland 227 9.8 copy sold earlier this week for 33.6K Mmehdy, Larryw7, MatterEaterLad and 3 others 6 Link to post Share on other sites
vheflin Posted April 8 Share Posted April 8 you have to pay extra for the crooked QES sticker Randall Ries and Larryw7 2 Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 2 hours ago, Rip said: Its because the Oakland 227 9.8 copy sold earlier this week for 33.6K Ah! There it is, then. Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 40 minutes ago, vheflin said: you have to pay extra for the crooked QES sticker Yes. I tend to agree. Although their copy continues to sit. Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 3 hours ago, SuperBird said: They should at least reholder that thing. Agreed. I thought the same. It may be holding back their eventual sale. Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 3 hours ago, iggy said: Metropolis probably figures all eyes are on them after their record breaking Action 1 sale. Pennyworth Schmennyworth... We’re Metropolis! Metropolis is weird. They have some really reasonably priced books and some that are outlandish. I assume they broker for consignments as well. I wanted something several years ago and they wouldn't accept a reasonable offer on a WAY overpriced book. "Is this a consignment book?" "Yes", they replied. Movin' on! Thanks anyway! Link to post Share on other sites
mattn792 Posted April 8 Share Posted April 8 3 hours ago, SuperBird said: They should at least reholder that thing. Agreed, if for no other reason than to get that hideous Quietly Exploiting Suckers sticker off it! Randall Ries 1 Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 4 minutes ago, mattn792 said: Agreed, if for no other reason than to get that hideous Quietly Exploiting Suckers sticker off it! Haha. That'll peel right off. Not by me, but some exploited sucker. Link to post Share on other sites
Popular Post Terry_JSA Posted April 8 Popular Post Share Posted April 8 I personally don’t see a reason in paying $35,000 for a Batman #227 when you can buy an actual Detective Comics #31 that’s restored for probably the same price or slightly more. Randall Ries, KirbyJack, chrisco37 and 3 others 6 Link to post Share on other sites
Randall Ries Posted April 8 Author Share Posted April 8 (edited) 1 hour ago, Terry_JSA said: I personally don’t see a reason in paying $35,000 for a Batman #227 when you can buy an actual Detective Comics #31 that’s restored for probably the same price or slightly more. It's stupid, right? $35k would get me a pretty nice Bat 9 or 11. But I suppose once the bar has been set, it won't come back down. Not for a 9.8 graded copy of Bat 227. There aren't that many of them. I've been waiting for the sudden rush to get raws in personal collections graded in hopes of scoring the golden ticket. When that happens, there will be more on the census and down the prices will go. It's too recent a book to think there aren't a lot of ungraded 9.8's languishing in long boxes. Edited April 8 by Randall Ries Terry_JSA 1 Link to post Share on other sites
Drummy Posted April 8 Share Posted April 8 I always find it remarkable that such a psychological difference exists between an auction ($30k-33k) and a straight listing ($30k-$35k). In an auction, people bid higher and higher because they know they are in direct competition for it. They've not paying 'too much'. For a straight listing, though, people worry that they're automatically paying too much: "If no one else has bought it yet, it must not be a good deal or a fair price." If I ever sell my keys beyond these boards, it will be at auction FOR SURE and not in a straight listing...it is where psychology works in your favor and where the mad money comes home to roost. Randall Ries 1 Link to post Share on other sites
Terry_JSA Posted April 8 Share Posted April 8 4 hours ago, Randall Ries said: It's stupid, right? $35k would get me a pretty nice Bat 9 or 11. But I suppose once the bar has been set, it won't come back down. Not for a 9.8 graded copy of Bat 227. There aren't that many of them. I've been waiting for the sudden rush to get raws in personal collections graded in hopes of scoring the golden ticket. When that happens, there will be more on the census and down the prices will go. It's too recent a book to think there aren't a lot of ungraded 9.8's languishing in long boxes. Yeah I think it’s dumb, but at the end of the day people can do whatever they want, it’s their money. I’ve seen high grade copies before it’s not like they’re rare or anything, just a little high in price but they’re out there. I do think it’s a bit crazy that there’s huge price difference between a 9.0 and 9.8 copy. Dr. Dank 1 Link to post Share on other sites
