I love how public you are with your bidding price, it's actually pretty smart. I've seen people get anxious that they'll never find an item again that is way less scarce than batman 181.
It’s the emotional attachment and a fear of missing out that makes people overpay for things that they really shouldn’t. I have been guilty of this in the past and made stupid mistakes with buying.
Excellent analysis as usual and super cool to get your views on an actual book vs a hypothetical book. Obviously beggars can’t be choosers for that issue in 9.2, but that particular copy appears to be slightly misaligned at the spine. We all know that not all 9.2's aren't created equally, so it would be interesting to know if the overall eye appeal factored into your ceiling bid price. Thanks again for doing what you do!
I bought a raw Batman #181 in 2009 for $110 in very, very good condition; perhaps 6.0 or 6.5, at a summer sale in Dekalb, Ill.. The plastic bag still has the price tag on it. I wanted it because in 1967 I was 5 years old & my mom bought me a Batman costume for Halloween. It was a totally emotional purchase. It was a great price & I just want to pass it down to my son. If he decides to sell it after I die he'll be selling at the cost basis at the time that he inherits it. A win all the way around!
You are correct, there’s no rush to get these books. Take your your time and seek out the best deal and don’t over pay. There’s definitely better ways to invest your money.
Love the video. I am a self-confessed irrational collector, but these types of videos help to limit my self-inflicted financial losses and to maximize my buying power.
Thank you for a great video. Very cool. I am always hunting for the right items but have to use a broad strategy and not focus on only auctions to get it at the right price. The upside is that while everyone is mesmerized at Heritage, I will close a deal somewhere else.
Shawn. Update on this? Comics have seemed to stabilize more. Gone down about 10% more as an index. Seems like there’s buyers coming back in and it’s reached a “bottom”. At least for vintage comics?
Makes me happy to read your comment. Shawn is changing lives. A voice of reason amongst chaos is so helpful, but people have to listen and put it to action. I’m still selling and investing also. No one says you have to sell it all but being financially established is a must, which I’m not but working on.
As a collector I always analyze what I'm pursuing as an investor, and figure out how much higher I'm willing to go than said investors, because they effectively set the floor in some of the markets I'm in. With markets (mostly) tanking now it's been a great time to finish up some of my collections, but I'm down to the stuff that really isn't scarce. Keep up the good work.
I think alot of people haven't woken up to the 5%ish easy return in cash due to interest rates climbing so quickly. Many are still in the speculation mode of recent years where cash was trash. In a way we have to relearn that there are once again low/no risk competitive options for our money and measure these investments against them.
I'm about to play Death Road to Canada got the limited edition physical edition for 90 bucks & I can sell it for spare parts when I need to fix the car I learned it by watching you Sean Investing!
I'm also an analytical personality type, everything I see relates to numbers- odds of probability, risk/reward calibration, and I don't believe in coincidence.... In the early 80s I worked the comic scene- back then deacidification and stainless staples were being pitched for golden age books. Curious as to how those books grade these days- do these comic slabs come with Details- Cleaned, like coins? My first thought on the auction was $8,500 but once you have grey hair patience becomes prudent. Thanks for sharing with your channel! Yours Truly, GEG
Enjoyed the video and would be great to see more of these. I understand the spread between 6k to 14.5k in terms of recent sales range. What I didn't understand was how you set 10k as your max bidding price. How did you arrive at that number?
Sean is a CGC 8.5 for a bronze age comic a good grade? I'm still learning comics and I know the grade depends on the book. I come from sports cards so just wanted to understand grading in comics. Thanks
Much better content in this video. Would have liked you to go into a little more detail. Did you just pick the middle of the 2 year range of values to come up with your buy limit?
4:15 - The only problem with that logic is when you're dealing with stuff that's truly scarce. You can't apply that logic when it comes to a 9.0 Action Comic #1, because an item like that only comes up for auction once in a blue moon.
Great video as always. If the opportunity cost for any collectible or antique is investing in an index fund, when has a collectible or antique ever outperformed an index fund?
It generally only occurs in two scenarios: Scenario one: The top 1%-5% of the market when a collecting category starts gaining heat. Those items tend to increase in value very quickly and exponentially. Scenario two: If a collecting market becomes very hot, and you were a collector before that holding period, and you see into the hype, you can do very well. Aside from those two scenarios, it is next to impossible to regularly beat the stock market in collectibles without becoming a major dealer and spending a lot of time on it.
@Reserved Investments Interesting. So the best bet long term would be to invest 15% of your income into a low fee index fund and use diposble income to buy into a market or hobby where emotions can overcome the buyer. Unfortunately for comics, I think greatest increase in value occurred after the introduction of third party grading. We won't see that level of increase in comics again.
Do you take into consideration in considering populations of graded comic books, the recency of the number of books added to a population. Ex. Isn't it important if say of the 52 pop of the 181 that many were graded in the last year or two? How much do you consider how many might be sitting ungraded just being held out until prices go back up?
12:01 I am certain that you can get it for 7,000 USD if you would put an ad online. Because no comic book is rare (e.g., #300 spiderman) I am certain that there is someone out there in financial need willing to sell at a much lower price. You cannot bargain with stocks or gold. A better asset class.
When it comes to grail KEY cards or comics does the 15% investor rule still apply and does the data show that playing to the investor market generates a larger return? Thanks in advance.
In regards to the time value of money, if I was to buy a $10,000 comic book that I planned to hold 10-20 years. Does it come down to scarcity and rarity plus potential future demand to buy a book at that price? Great content as usual!
Partially, BUT you have to look at opportunity cost as well. $10,000 in an investment account is going to grow to potentially a lot more than a comic book that is in a speculative market at present time...
@@BlxckAshK 10 years is generally thought of as a period of time to double your money in index funds so $10k in 10 years is $20k, another 10 years is $40k. Is todays $10k comic a $40k comic in 2043? Who knows but its an interesting benchmark to think about.
I would bid on 10 items at a time, underbid with a margin on each one by their FML price point and then get the one I wanted at lower price without getting into a price war. That’s even as a collector.
I agree. If this is truly an investment you can't be emotionally attached to it. You need to do the math. You need to have a plan. You need to set thresholds. You need patience.
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I love how public you are with your bidding price, it's actually pretty smart. I've seen people get anxious that they'll never find an item again that is way less scarce than batman 181.
He did promise to teach us concrete stuff. It took 2 years to get through the basics, but here we are. Shawn delivers.
It’s the emotional attachment and a fear of missing out that makes people overpay for things that they really shouldn’t. I have been guilty of this in the past and made stupid mistakes with buying.
Excellent analysis as usual and super cool to get your views on an actual book vs a hypothetical book. Obviously beggars can’t be choosers for that issue in 9.2, but that particular copy appears to be slightly misaligned at the spine. We all know that not all 9.2's aren't created equally, so it would be interesting to know if the overall eye appeal factored into your ceiling bid price. Thanks again for doing what you do!
I bought a raw Batman #181 in 2009 for $110 in very, very good condition; perhaps 6.0 or 6.5, at a summer sale in Dekalb, Ill.. The plastic bag still has the price tag on it. I wanted it because in 1967 I was 5 years old & my mom bought me a Batman costume for Halloween. It was a totally emotional purchase. It was a great price & I just want to pass it down to my son. If he decides to sell it after I die he'll be selling at the cost basis at the time that he inherits it. A win all the way around!
You are correct, there’s no rush to get these books. Take your your time and seek out the best deal and don’t over pay. There’s definitely better ways to invest your money.
Would love to see more videos like this on comic book investing thank you
100% spot-on as always. Before you revealed what you would pay for 181, I was thinking 9 k.
Keep up the wise advice Sean
Love the video. I am a self-confessed irrational collector, but these types of videos help to limit my self-inflicted financial losses and to maximize my buying power.
Perfect to listen to while I’m stuck in traffic right now 🎉
Good Luck with all your bids , I think that villain should show up again in a movie and you will do great !
Thank you for a great video. Very cool. I am always hunting for the right items but have to use a broad strategy and not focus on only auctions to get it at the right price. The upside is that while everyone is mesmerized at Heritage, I will close a deal somewhere else.
Shawn. Update on this? Comics have seemed to stabilize more. Gone down about 10% more as an index.
Seems like there’s buyers coming back in and it’s reached a “bottom”. At least for vintage comics?
BEST CONTENT EVER. I'm taking the advice and putting my LEGO money in an index fund for the long term!
Makes me happy to read your comment. Shawn is changing lives. A voice of reason amongst chaos is so helpful, but people have to listen and put it to action. I’m still selling and investing also. No one says you have to sell it all but being financially established is a must, which I’m not but working on.
As a collector I always analyze what I'm pursuing as an investor, and figure out how much higher I'm willing to go than said investors, because they effectively set the floor in some of the markets I'm in. With markets (mostly) tanking now it's been a great time to finish up some of my collections, but I'm down to the stuff that really isn't scarce. Keep up the good work.
I think alot of people haven't woken up to the 5%ish easy return in cash due to interest rates climbing so quickly. Many are still in the speculation mode of recent years where cash was trash. In a way we have to relearn that there are once again low/no risk competitive options for our money and measure these investments against them.
Scarcity is different than demand. There’s much more demand for marvel comic books. Declining demand for DC
I'm about to play Death Road to Canada got the limited edition physical edition for 90 bucks & I can sell it for spare parts when I need to fix the car I learned it by watching you Sean
Investing!
I'm also an analytical personality type, everything I see relates to numbers- odds of probability, risk/reward calibration, and I don't believe in coincidence....
In the early 80s I worked the comic scene- back then deacidification and stainless staples were being pitched for golden age books.
Curious as to how those books grade these days- do these comic slabs come with Details- Cleaned, like coins?
My first thought on the auction was $8,500 but once you have grey hair patience becomes prudent.
Thanks for sharing with your channel!
Yours Truly,
GEG
So true
your a fuckkkin genious!!!
I love data analysis ! It would be cool to see some web scraping of different sites were prices are being kept.
Great video! Thoughts on investing in blue chip books versus top rare finds? One class better than the other for growth potential? Thank you!!
Awesome. Can you do the same video for a $3-5k coin?
Enjoyed the video and would be great to see more of these. I understand the spread between 6k to 14.5k in terms of recent sales range. What I didn't understand was how you set 10k as your max bidding price. How did you arrive at that number?
If it helps, I use a "cost average/ split the difference" approach. I'll be interested to see how Sean arrives at thar number
He ballparked basically
Sean is a CGC 8.5 for a bronze age comic a good grade? I'm still learning comics and I know the grade depends on the book. I come from sports cards so just wanted to understand grading in comics. Thanks
Depends on the comic, but usually no…especially for Bronze Age.
sales tax is also obviously a factor on big book purchases - is your $10k price all in? love the channel - thx!
Much better content in this video. Would have liked you to go into a little more detail. Did you just pick the middle of the 2 year range of values to come up with your buy limit?
Most people are sheep. Just like most people who are 'timmies' don't know they are 'timmies.' It is truly amazing...
4:15 - The only problem with that logic is when you're dealing with stuff that's truly scarce. You can't apply that logic when it comes to a 9.0 Action Comic #1, because an item like that only comes up for auction once in a blue moon.
As explained in the video...
Great video as always. If the opportunity cost for any collectible or antique is investing in an index fund, when has a collectible or antique ever outperformed an index fund?
It generally only occurs in two scenarios: Scenario one: The top 1%-5% of the market when a collecting category starts gaining heat. Those items tend to increase in value very quickly and exponentially. Scenario two: If a collecting market becomes very hot, and you were a collector before that holding period, and you see into the hype, you can do very well. Aside from those two scenarios, it is next to impossible to regularly beat the stock market in collectibles without becoming a major dealer and spending a lot of time on it.
@Reserved Investments Interesting. So the best bet long term would be to invest 15% of your income into a low fee index fund and use diposble income to buy into a market or hobby where emotions can overcome the buyer. Unfortunately for comics, I think greatest increase in value occurred after the introduction of third party grading. We won't see that level of increase in comics again.
Going risk it and see how well James Gunn dose with the DCU.
Thank you very much
Nice video.
I waa guessing you would say 9.000. (Or up to 50% of the spread)
Do you take into consideration in considering populations of graded comic books, the recency of the number of books added to a population. Ex. Isn't it important if say of the 52 pop of the 181 that many were graded in the last year or two? How much do you consider how many might be sitting ungraded just being held out until prices go back up?
I don't know what it went for....but I wouldn't have bid higher than 8 grand......
12:01 I am certain that you can get it for 7,000 USD if you would put an ad online. Because no comic book is rare (e.g., #300 spiderman) I am certain that there is someone out there in financial need willing to sell at a much lower price.
You cannot bargain with stocks or gold. A better asset class.
No one will see this ad you’re talking abt. There’s hundreds who would come in and bid it up over the $7k and by the way it sold for $15k 😮😮
When it comes to grail KEY cards or comics does the 15% investor rule still apply and does the data show that playing to the investor market generates a larger return? Thanks in advance.
It still applies, however grail item tend to generate better returns regardless.
In regards to the time value of money, if I was to buy a $10,000 comic book that I planned to hold 10-20 years. Does it come down to scarcity and rarity plus potential future demand to buy a book at that price? Great content as usual!
Partially, BUT you have to look at opportunity cost as well. $10,000 in an investment account is going to grow to potentially a lot more than a comic book that is in a speculative market at present time...
@@ReservedInvestments Thank you for responding and the insight!
@@BlxckAshK 10 years is generally thought of as a period of time to double your money in index funds so $10k in 10 years is $20k, another 10 years is $40k. Is todays $10k comic a $40k comic in 2043? Who knows but its an interesting benchmark to think about.
Anyone buying from Heritage auctions is contributing to the problem. HAuctions people should all be in jail for scamming the markets
Why? Can you explain this
So you’re taking the average of 2021 & 2022 prices?
That simple?
In this scenario, it’s that simple.
My god it sounds like how I do my auction buying process. Down to a T. Even the win rate ratio. 1/10.
I would bid on 10 items at a time, underbid with a margin on each one by their FML price point and then get the one I wanted at lower price without getting into a price war. That’s even as a collector.
@@rulerwatchman what do you mean
I agree. If this is truly an investment you can't be emotionally attached to it. You need to do the math. You need to have a plan. You need to set thresholds. You need patience.
I wouldn't buy it anyway.
Why not?? It features the debut of the gorgeous and sexy Poison Ivy. It is easily worth it