What's With Ultra-High Buy It Now Prices on CGC Comics?
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What's With Ultra-High Buy It Now Prices on... Expand / Collapse
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Posted 9/13/2009 11:05:24 AM
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Hi. I mostly buy CGC graded comics off of Ebay and have noticed some sellers consistently listing their comics with crazy, ultra-high "Buy It Now" prices.  I know some people say that CGC graded comics are too expensive, period, but these are just ridiculous.  What is the explanation for this? Can anyone possibly be buying these comics?

Here are a few examples from current auctions:

http://cgi.ebay.com/Amazing-Spider-Man-1963-1998-1st-Series-252-CGC-9-6_W0QQitemZ130325527708QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item1e5801bc9c&_trksid=p3286.c0.m14

- ASM 252 in CGC 9.6 condition is roughly worth about $70.

http://cgi.ebay.com/Amazing-Spider-Man-300-Venom-Comic-CGC-9-6-White-Pages_W0QQitemZ370025504528QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item56273d1f10&_trksid=p3286.c0.m14

- ASM 300 in CGC 9.6 condition seems to be selling regulary for about $200.

Thanks!

Post #72324
Posted 9/13/2009 12:44:42 PM


Administrator...You betcha, by golly!

Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!Administrator...You betcha, by golly!

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Probably not...

But from the sellers point of view...if one does...it pays for a lot of listing fees and you don't miss out on any ridiculous "highest price paid" wars...

--Shadow
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Dedicated to the memory of Bill Johnson (wrjwrj)....comics were his friends...

Who knows what evil lurks in the hearts of men?...The Shadow knows!
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Post #72330
Posted 9/13/2009 1:22:01 PM
Enthusiast

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I agree that these prices are crazy in relation to supply and demand but if there are those who don't want to put effort into looking for best price for the money you can't blame the seller.

This whole slabbing thing has transformed this hobby from true fans of great art and stories to a group who collects for the sake of condition and status.What a pity.

All because of the collectors who overgrade their books, these slabbing companies are getting rich and laughing all the way to the bank.

I enjoy and appreciate a nice conditioned book just as much as the next guy but a book that is valued at 2-3 times the value because of a miniscule fleck or imperfection is just ridiculous.Thats exactly what the case is when your talking going from a 9.6 to a 10.

Oh well.Guess this is the future of many hobbies being ruined by money.

Post #72338
Posted 9/13/2009 8:38:01 PM
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Here's my take.

"Attraction" is the perfect word to describe comics that are priced to the extreme. "Hurry, hurry! Step right up and see a living breathing Bigfoot!" The sucker is drawn to the curiosity. He knows it BS but what else does the freakshow have beneath it's tent. Inside the Bigfoot is actually a very hairy man seated comfortably chained to a fake dungeon wall. Fake Bigfoot. Bummer. But now the sucker is inside and takes up a stroll to see "Tom Thumb" married to the "bearded fat lady" and the rest of the show.

Powersellers and high volume seller, for the most, aren't stupid. They know what attracts discussion and what turns a buyers head.

Prices are the main attractions at these seller's freakshows. It gets people asking "how can they put a price that high on a book like that?" & usually "what else do they have at crazy prices?" In that way these nutty sellers create their own publicity. They make people curious and draw them in to their stores where they may actually have books price to sell in line with the more expected FMV of those books. In show business, any publicity (even negative) is good publicity if it draws a crowd. And selling on auction sites are all about item exposure. Some sellers are of the mind, "Without a gimmick what makes a seller stand out?"

Magically Yours,

Dan

What's in my long boxes? http://www.comicspriceguide.com/world/default.asp?m=Magic%20Dan

Post #72401
Posted 9/13/2009 11:48:36 PM


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Some sellers may be looking to do off-ebay transactions to avoid the FVFs.  They'd set the BIN prices quite high expecting that they'll likely not sell through ebay but may invite email offers.
Post #72428
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