Market is just crazy stupid right now 6 6

[ExNihilo]

41 minutes ago, Roger66 said:

My question to anyone and everyone in your shoes or predicament is why did you wait this long to buy the books / keys you desire when you could have bought them for potentially 25 to 60% less only 6 to 12 months ago?

I think the answer is always:

- cash
- timing
- opportunity

[Roger66]

12 minutes ago, ExNihilo said:

I think the answer is always:

- cash
- timing
- opportunity

I would also add 

- a lack of true desire

- a big pinch of laziness

- a splash of 'not a priority now'

the market 99% makes the man - rarely the other way around 

 

[the blob]

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

[Shrevvy]

13 minutes ago, the blob said:

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

Actually, X-men #14 is a key and good book to have...but I suspect that is not the X-men they are talking about. He should follow his #3 rule and pay attention to sales of cgc stuff. Great advice there for those entering the hobby.

[the blob]

4 minutes ago, Shrevvy said:

Actually, X-men #14 is a key and good book to have...but I suspect that is not the X-men they are talking about. He should follow his #3 rule and pay attention to sales of cgc stuff. Great advice there for those entering the hobby.

Oh yes, need to know the market for sure. All raw numbers have to be viewed vs. CGC copies. But the "key" "#1" and only 9.8 mindset for someone with a $100 budget could result in someone deciding that X-Men 1 in 9.8 is their $100 option. I can think of plenty of $100 books with more upside. And telling someone they should only buy 9.8 (or even 9.4-9.6) SA slabs if they are big keys pretty much knocks most folks out of that market entirely, when they could have done tremendously over the last few years even with low grade slabs.

[zosocane]

41 minutes ago, the blob said:

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

[alexgross.com]

49 minutes ago, the blob said:

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

right there is yet another great reason why not to use faceboook! idiocy. 

[WolverineX]

16 hours ago, IronMan_Cave said:

Some bubbles actually starting to burst:

IH181 underperformed on every grade in this CLink auction, 8.5 to 9.6 all down from all time high from late march

GSX1 also down

 

Hopefully, though X-men 94 continues to climb up.

[ExNihilo]

1 hour ago, Roger66 said:

- a splash of 'not a priority now'

True.  I'm guilty of this one.  I learned about CGC, slabs, and authenticated signatures in 2017 (when I signed up).  By 2019 I realized that instead of plopping money on signed books, I should focus on the keys I wanted as a kid.  Then in 2020 it became about prioritizing certain keys above others.  My limiting factor though was always that I prioritized big international vacations above all else.

[ectocooler]

I’ve definitely been doing more selling than buying. My wife asked me why I was selling so many comics lately and she reminded me that I once told her my comics are worthless on eBay (in response to her wanting me to get rid of the stacks of comic boxes, she wants it all out of course). All that has changed in a matter of months. I’ve stuck to buying run fillers. There’s only one comic I’d be willing to spend big money on, but it’s doing the same as OP where every month is a new record sale. There will definitely be some books that never drop back down but for the most part I imagine most of it will once the world goes fully back to normal.

[Roger66]

2 hours ago, the blob said:

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

If someone is seeking comic collecting advice from FB or even IG - you are already likely lost. I would as soon as quote them as I would a "Flat-Earther." 

[silverseeker]

8 hours ago, ExNihilo said:

I think the answer is always:

- cash
- timing
- opportunity

 

8 hours ago, Roger66 said:

I would also add 

- a lack of true desire

- a big pinch of laziness

- a splash of 'not a priority now'

the market 99% makes the man - rarely the other way around 

 

I think there could also be a psychological element, especially when seeking more expensive books.

It took me almost 10 years of collecting before I made the jump from spending hundreds on a book to spending over $1,000 on a book, and I'm going through the same psychological process now as I contemplate buying some of the massive keys I need to complete some of my runs...am I ready to make the jump to spending over $10,000 on a book? That's a lot of cash, but unless the comic market completely crashes and burns in the next 10-20 years you should be able to recoup most of your investment at worst, and make a nice profit at best.

Compared to other hobbies, comic collecting has been both fun and financially rewarding...

[ExNihilo]

1 hour ago, silverseeker said:

 

I think there could also be a psychological element, especially when seeking more expensive books.

It took me almost 10 years of collecting before I made the jump from spending hundreds on a book to spending over $1,000 on a book, and I'm going through the same psychological process now as I contemplate buying some of the massive keys I need to complete some of my runs...am I ready to make the jump to spending over $10,000 on a book? That's a lot of cash, but unless the comic market completely crashes and burns in the next 10-20 years you should be able to recoup most of your investment at worst, and make a nice profit at best.

Compared to other hobbies, comic collecting has been both fun and financially rewarding...

This is really a form of conditioning.  If you're accustomed to spending $20, $100 seems like a lot.  Once you spend $100 it opens the door to spending $100 again.  Suddenly $1000 seems like a lot.  Then you start buying things that are $1000 and suddenly $10,000 is a lot.  The more often you buy something in a given price range, the more normalized it becomes.  Of course, disposable income plays a factor.

I think a prime example of this is comparing your buying habits today vs 20-30 years ago.  College me who was used to eating $5 Costco chicken never would have fathomed spending $300 on a NM ASM300.  Now I'll buy a $300 case of wine and not even think twice about it.

[Xenosmilus]

Well, I decided to start selling some of my collection.  The market is just too crazy now like the thread title says.  I figure I can buy them again once the market gets flooded.  Case in point I bought this for $60 like 2 years ago and just sold it tonight for $400. Just crazy and it would be even crazier if I don't sell I think....

Edited May 1, 2021 by Xenosmilus

[rfhbv100]

Hell, I wanted to take advantage of the market situation and sell almost the entire collection (I only have DD # 1 left, which I submitted to CGC). According to my calculations, I should have sold it collection for 4k dollars (a year ago I bought it for 2k dollars). But due to the fact that these were my first sales on CGC boards, no one wanted to buy these books from me. There was only one buyer who took all the books from me for 2k. As a result, I did not receive any profit and even went into the red because of the PayPal commission. And instead of investing in an exchange or other investment, I spent the entire amount on Hulk # 181. And in half a year I plan to sell everything else. I'm a fu#@%ng fool

Edited May 1, 2021 by rfhbv100

[Silver_Couch_Surfer]

4 hours ago, rfhbv100 said:

Hell, I wanted to take advantage of the market situation and sell almost the entire collection (I only have DD # 1 left, which I submitted to CGC). According to my calculations, I should have sold it collection for 4k dollars (a year ago I bought it for 2k dollars). But due to the fact that these were my first sales on CGC boards, no one wanted to buy these books from me. There was only one buyer who took all the books from me for 2k. As a result, I did not receive any profit and even went into the red because of the PayPal commission. And instead of investing in an exchange or other investment, I spent the entire amount on Hulk # 181. And in half a year I plan to sell everything else. I'm a fu#@%ng fool

It's ok man, I'm having anxiety just thinking that  GSX1 9.6 is now a 25k book. If only I just held on for another year.  FML  Paid 5400 and sold for a measly 6.

[Hollywood1892]

21 hours ago, the blob said:

This is the advice being offered on one of the facebook groups to someone who asked what grade slabs they should start with: 

"Number #1 only buy 9.8. number #2 only buy key issues or #1's. don't buy X-Men #14, buy X-Men number one. #3 pay attention to sales of cgc stuff"

uhg

 

 

[Hollywood1892]

People should only pay attention to the price of the book they want when they are going to buy it. If they decide 6 months ago that they want "this" book and start saving, by the time they get to their goal the price 6 months ago will be surpassed

[Hollywood1892]

20 hours ago, zosocane said:

 

[Kramerica]

I like these threads. As bad as I feel about how much I sold 'Book X' for years ago there's always a story that makes me feel.....not so horrible and stupid? Well, maybe I still feel horrible and stupid but at least I'm not alone in my kicking myself misery. Because, well, misery loves company and all that.

%^#$@^!