WHY Does This Pricing Tool Suck So Bad?
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- เผยแพร่เมื่อ 26 มิ.ย. 2024
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Thank you, Bry, for the unbiased review. We appreciate your feedback, as well as the other comments shared here. Honestly, we share many of the concerns you raised in your video. Our primary focus is on continuously improving our price guide. We constantly update our approach, refine our algorithms, and implement thorough fact-checking and robust quarantine processes to ensure accurate FMV. We are actively addressing these issues and plan to incorporate them into future updates. All of your comments help streamline our focus to get it to where the community needs it to be. Best! - CovrPrice.
It was so nice speaking with you today! I’m glad to hear the pricing tool is your main concern (contrary to what I stated in this video). I’m looking forward to future developments and God speed in tacking the challenges comic book pricing presents! Best, -Bry
The ubiquity of eBay means it will always be the most current standard for past sales and the current market. There's no way around it. Think about it, even in live sales when sellers and buyers are looking for comps nobody goes anywhere else. Love it or not until something else replaces it eBay will always be the place for valuation. And now that sellers can go back three years it helps with positioning uncommon books. It's like CGC. Until someone comes along and improves on that model in a dependable, measurable way that's who we're "stuck" with. The cool thing is, though, that it doesn't cost anything to use eBay for marketplace research. Anyway, just my random and inconsequential opinion.
Bry is a straight up good guy - answers emails, offers help and great content!!
Many thanks my friend!
The reason why that SPAWN $300 sale didn't show up in GPA was because it was a CBCS book. GPA doesn't include CBCS in their numbers.
I love that they are reaching out to you for guidance. I’ve said it before, you can tell that you are a good guy with a lot of love for the hobby. Well deserved.
Thanks buddy!
I have also found a lot of times they pull a slab sale from eBay and list it under the Raw sales list and vice versa as well as pulling sets/runs and counting that as a sale for a single issue.
Each time, I've reached out either via email or Instagram to give them the info and within a short time the data is corrected.
Yep they are very responsive!
great video... I'm looking for a good tool to inventory my collection and give it FMV. This is super helpful as well as your previous videos. Thanks
Thank you for covering this topic Bry much appreciated
They definitely need to update the prices
This is some awesome content. It’s really tough to figure out the pricing comics. Ive gotten ripped off before and it ain’t cool.
good video, bro. yes, it is a better thing to get what is accurate than what it says you should be getting. not to mention i actually got screwed on a comics i sold to a shop once and that was in my way younger years in my 20's. but, you live and learn from mistakes of the past. #ROADTO20K
Another great segment and totally agree. I love CovrPrice but they definitely need to fix this.
Stellar work put into this video. 👌🏼 10/10
BTW. Just saw Covrprice shows a Journey Into Mystery 125 in a 5.0 selling for $165. Which is way high.
So checked on eBay. Come to find out. The sale was a 5.0 CBCS signed by Stan Lee on the cover & Jack Kirby signed on page 1 inside the book. This is part of their problem. That’s not a ‘normal’ 5.0 Journey 125. 🙄
So many sites to check. Not knowing which one is up to dates is nerve-wracking
Yea I just use eBay recent sold and kinda average in my head when I want to come up with FMV for something to sell
Ebay sold listings continue to be the most accurate indicator of price. If it ain't broke.....
I love covrprice , but man does it need a major update on pricing.
Thanks for another great video and you showing these issues. I hope our pricing partners are able to get the right pricing system built soon.
I'm surprised how many people here say they only use ebay sold listings. A GPA subscription will pay for itself many times over for those spending significant money on their collections.
Agreed
"RIP sweet potatoes website" Lol
😂
Very informative - thanks Bry
Great video - thanks. And hear you on dealer and collector pricing. Interesting perspectives.
Expectations and reality have always been an issue. Thanks for sharing, Bry!
From your point of view I see the problem from my point, a collector who's not selling, I think its a great website
Agreed, it’s just the pricing for me…
Great video! My preferred option (as a collector looking for the best gauge of FMV) is GPA.
Same 👍
Good info as always, thanks Bry!
I hope these pricing tools get more accurate soon. Thanks for the great videos!
Very instructive video. I use CLZ to catalogue my books and the prices from coverprice always confuse me. Thanks for breaking it down for us!
Thanks for doing the leg work for me Bry! I was going to look at that collection. Great video as always!
you are so right bry im to the point i have zero clue from month to month what my collection is worth. something need to change especialy with raw books!
Good info. But yeah, why is those prices so off?
Bry, you give an excellent set of rules to program into an AI algorithm for comic pricing. Your prices are almost always at FMV (or under given the Collect10) discount.
Thank you for your knowledge
I hope Hipcomic picture pricing tool is next. One pic of the cover in bag tells you the grade & fmv. No details about the back cover, white pages, etc
Oh good lord
@@BrysComics No idea how they get the result but more and more people are using it
On rare books you have to do exactly what you did in conjunction with the sales. I saw someone question the Spawn 180 value, but I bet that thing would take awhile to sell at $90. Even if it’s a rare golden age, last sale doesn’t mean a lot if 3 are for sale right now. Almost guarantee it goes less than last sale.
Non key issue rare golden age is the slowest moving inventory I get
thanks for this
Fix that go collect since it’s what I try to use along with others. It has no consistency and drives me nuts! Great video man!! Keep killing it!!!!
It’s very hard now to get an accurate price to buy or sale. There’s too many different things that people use on the Internet to price books in a way. It’s causing people to get out of the biz. And some to come into it
Great video, as usual
Man, I need to get rid of like 8 long boxes before I move across the country.
Bry, I'd like to add a couple points to your observations. My collection has @24,000 raw modern books, almost all of which are #1 or first appearances in NM condition, most are stored in mylar bags and acid free boards. Cover Price has the ability to set a condition for raw books but the context does not seem accurate. The raw books should not have 9.8, 9.6, 9.4 (etc) grading scale. They should be NM+, NM, NM-,, VF,+, VF, VF-, etc... there should be no slab sales data or grading convention associated with the raw comic. It should have it's own data set for value based on sales. As it stands, my collection is seemingly valued by average sale price and that's not fair because these books are not average.
Some other points...
1. Some books which are rare have no value because no sales data exists.
2. Adding 24,000 books to a virual box will take forever. The functionality should include a "mass add" for example all Amazing Spider-Man vol 1 0-99 books to the "Amazing Spider-Man Vol 1 0-99" virutal box. The SQL can be dynamically built to select * from COMICS_TABLE WHERE TITLE="Amazing Spider-Man" AND VOLUME = '1' AND ISSUE_NUMBER IN ('0-99') and INSERT into AMAZING_SPIDERMAN_VB_099.
Look, if I can write the SQL in a TH-cam comment, they ought to be able to handle it in an update. Ha ha!
Thanks for all you do. Glad to see CovrPrice responded because I love their app but yes... the pricing needs help!
Best wishes!
Jimmy
CGC will put blue Galactus variant on label if you ask
I didn’t know that! It still wouldn’t show up on sales tracking platforms tho unless it was a variant and not a note
Wow, this is eye opening. I was thinking about getting a sub to sync with CLZ but I'll think I'll hold out.
This was some valuable information. I’m wondering is Key Collector using a similar algorithm that makes their prices overvalued as well
When you have to pay for a price guide and it's outdated/incorrect more often than not? Very frustrating.
This might be a small group issue, but I find at the conventions, prices are very consistent around the booths. Every now and then some joker spikes a price.... well. We know how that goes.
Man when they use key collector as the pricing guide its an instant deal breaker to me
I've said it before and I'll say it again, when is the Bry's Comics pricing tool coming out?
lol I wish I had the resources for that…
Hey Bry... just still of a different minds set on pricing tools because people still put too much emphasis on speculation on a books possible future value as opposed to pure sales data. With that in mind, most pricing tools don't get enough sales data for my taste to be accurate. Ebay and other auctions sales isn't enough because there are too many outliers. It would be nice if there was a central hub for retailers to report their sales to get something more accurate across the board.
Great idea with the AI grading. Awesome CP reached out. Good luck
Well it was Go Collect that reached out but yeah…
This is probably why I'll just keep my collection and not sell, I could sell at low price and still make a profit
Thx 4 the video, Bry. Did ANY of the prices in this collection go the other way (i.e., higher fmv than Coverprice sez)???
I can’t recall but in a bull market yeah it’s the opposite problem
I’m right there with you
hopefully they update their pricing issues.
Wow, thanks for breaking down how the pricing works from your perspective as a dealer. I have been using both Cover Price and GPAnalysis for the past few years and have still struggled with pricing the books I sell on my ebay store because of the discrepancies between the two. I pretty much always defer to GPA for slabs but I still like the functionality of using Cover Price. My big criticism of Cover Price is like you indicated they really need to do more to track sales data more accurately and come in line more. And I agree that once they figure out how to utilize AI into pricing it is going to really help the hobby flourish more.
👍💯
I use both, covrprice for raw and go collect for slabs. Covrprice definitely lacks in slab pricing
Ok. I apologize for the long reply.
My issue with you being nonchalant about disregarding the $288 sale of the Spawn 180 is that if this sort of data was all you had to price a golden age comic you were selling in your store you’d utilize it as the “new “ norm. Then you’d state that a lot of auction houses are places people can get a’deal’ thus the price ‘could’ be even higher. The reason you’re dismissing this Spawn is because it’s a modern book with no significant first appearance or variant copy with a significant low print run. Although this issue was probably no more than like 22k copies but that’s isn’t the point. My point is, I believe the seller has a better argument that this ‘could’ be higher than the $90 you are so quick to state a 9.8 slab would sell for.
Yes, the book probably isn’t a $288 consistent seller, but to drop it to $90 just because of a sale in ‘21 isn’t fair either.
I mostly check eBay sold listings. It's not great for pricier books though. I should probably bute the bullet and start paying for a pricing service
I’m keeping mine till I die so I just don’t bother to even look. Whoever gets them after I die can worry about it 😂
😂
I believe my collection is worth about 13k. Cover price says it's worth 82k. Crazy
🤯
This is primarily due to our most common condition issue. So, if you have a 6.0 for an older book, and there's no price for that, it will assign the MCC FMV, which could be a much higher grade. We plan on correcting this in a big way within future updates. It was intended as a "solution" for missing values, but it didn't quite do what was intended.
I'd like to be entered into the monthly drawing! 😄 Thanks so much!! 😊
You’re in it to win it!
I use Covrprice because it syncs with my comic database software (CLZ Comics) but always take it with a grain of salt. But as far as I know they are the only ones who price raw books and not just slabs.
Great video. Where can you get accurate comic pricing for free
Looking at eBay sold listings is the only free way to get a decent idea of value
Weather it’s Key Collector, Comic Cover Price, or Go Collect they definitely need to update their algorithm’s . Think they are more concerned about keeping their data base of comics up to date then they do their prices!
It really does hurt the community as a whole, weather your new into it or as a seasoned vet at it. The new people just look and see what’s posted and it’s word, but the vet knows to look deeper in to it!
Love your videos, fantastic job, keep it going!!
👍💯
The answer for us is both. We tackle both raw and graded data, and it's a ton of data. Then, we have a steady stream of hundreds of new releases every week. So, the honest answer is that both need to be perfected.
@@covrprice appreciate your quick response and understanding of what really needs to be done for all concerned, newbie or vet.
So is GPA the best tool for valuation of graded and raw books? I’d love to get a value for my raws but I don’t wanna just scroll through eBay sold
GPA only tracks CGC sales…you can kind of deduce from there what someone would pay for a raw
All the pricing tools are just so bad. I end up having to do my research myself at the end of the day.
great vid
And an app would help too
I agree with you about the AI, and realistically it'll probably be doing it within a few years.
In addition to sold prices.I also like to see what people are currently asking.See if there's parody.
Parity* 🫢 But parody works too if the asking prices are too high!
I like Go Collect
As long as inventory is held back, there will never be “Fair Market Value”.
I use CLZ to catalogue my books but mistakenly bought a year subscription to Covrprice for values. Not renewing it when it ends because of the terrible values and I have no need for values until I’m ready to sell in another 20 years
Did you use access overstreet ?
I dont think you need AI to do better pricing of comics. They already have all the relevant information, and it's not that complex. A good hand-written algorithm will do the trick. They just have a combination of missing data and a bad algo.
Thank you for hosting amazing Giveaway
I always need help
No one is going to buy this collection if the seller insists on using cover price!
Honestly tho, AI will change data analytics in every market
The problem sellers are always going to be the ones that get blinded by the dollar signs in their eyes. They are usually a combination of lazy and unreasonable. They are lazy because they don't want to do the work and look at more than 1 place to research the current prices and they are unreasonable because they don't want to accept that there can ever be any variations on prices. THIS IS THE CONCRETE PRICE AND I AM NOT MOVING FROM IT!
You gotta be fluid and be willing to put some work in, if you want a buyer to take you seriously. The truth is that there isn't any one place (mostly for raw books) that has the whole picture. We all would love to sell our books at top dollar, but like I have said before, that isn't going to happen unless you find someone that is ignorant and has more money than brains.
I have to agree as regards effort put in . Im UK based and the difference between USA/UK is unreal . I probably do 4-6 hours research every day and 1-3 hours listing per day . Im not a member of any comic price website but I do use tools as i have to keep updated (due to mistakes in the past) . I do tho have comics Im not willing to sell below a certain price as I can wait until the value comes up to match but I dont list them , thats just my choice. Anything I do list is subject to fluctuation , you want my comic , i want your money etc.
One challenge we notice is that inexperienced sellers new to comics (who obtained a recent collection) always focus on the NM+/top-of-market values. We are trying to think through that and how to make an FMV useable by novice and experienced collectors.
@@richardwaddington2038 That's not unreasonable at all, especially now. You aren't going to try to sell those books right this moment and EXPECT to get more. You know that we are in a low right now and it is best to wait it out until the tides change.
@@covrprice I greatly appreciate any service that helps us to understand the trending comic prices and I completely understand that there is a great deal of effort involved in trying to maintain accurate pricing. The old timers know that gathering information from multiple sources is what helps with more accurate prices.
Yes! Found, inherited or gifted comic sellers don't understand the nuances involved in pricing out their books. Many of us can spot them from a mile away and just keep walking past them.
I’m here for the giveaway!!! 👍
💯% using AI as you described would be an incredible tool in assisting platforms as discussed in your video to give collectors a more accurate value of their collection.
CP sucks. Along with every other pricing tool out there.
Key Collector is just placeholder pricing for the most part as well, & doesn't reflect FMV based on recent sales whatsoever from what I've seen: your eyes start to blur over at the endless "$1 / $3 / $5" generic breakdowns . . .just joined but League of Comic Geeks' metrics appear infinitely more useful and accurate :)
Too many choices and all are off to super off…. eBay sold is the easiest
"Just put some AI on it!" This is a bit of a joke in development circles. Training models for AI takes a ton of data. It isn't exactly easy to just whip up. Maybe you could build a model that is predictive, but so far they haven't done it for stock or bitcoin markets.
Predictive markets is a totally different thing than past sold markets…
Have people ever mistaken you for Ben Shapiro?
Your pricing is always fare
I’m from Iowa. Is the person interested in parting out any comics or is this as a lot?
I think this tool needs better data as much if not more than better pricing logic. AI hallucinates so much I'm not sure it can be what everyone hopes. Better logic can be programmed into a pricing tool though. You might call that "AI" but these days AI is language-learning and that ends up in pretty weird places a LLOTT. Better data and deeper more logical programming - that is not a moon shot.
I just wanna win something
Anyone who uses Key collector as their pricing tool needs serious help on their life.
The fuck lol
Please! I NEED HELP!!! 😂😂😂
you mean the endless generic placeholder amounts of "$1 / $3 / $5" & "$3 / $5 / $8" aren't useful for you lol? ;)
Ebay sold is free and quite often more up to date and accurate. No way I'm paying for covrprice or go collect.i cataloque with clz, 2.99 per month..that's it
One thing to note is that eBay hides the final sold price for all best offers and bin prices. They also don't show you canceled sales. We correct and filter those out.
@@covrprice ya, but it's free! 🤷♂️🙃
About raw comics only : my collection is huge (16.000 + comics) , all raw. Catalogue with excel is efficient and even cheaper than any paying software. Been using cvrprice for a rough estimate of the collection value, and I do not think those discrepancies found out in the software may change the overall value. +/- 10% is what I am expecting and I appreciate the effort of the people on cvrprice (always very responsive at any error correction request). Assigning by myself a "grade" on raw comics I am sure introduces more error than any one generated by un-precise cvrprice report. I think is a very good tool for managing big collection and will go on paying for it.
Ok. I apologize for the long reply.
My issue with you being nonchalant about disregarding the $288 sale of the Spawn 180 is that if this sort of data was all you had to price a golden age comic you were selling in your store you’d utilize it as the “new “ norm. Then you’d state that a lot of auction houses are places people can get a’deal’ thus the price ‘could’ be even higher. The reason you’re dismissing this Spawn is because it’s a modern book with no significant first appearance or variant copy with a significant low print run. Although this issue was probably no more than like 22k copies but that’s isn’t the point. My point is, I believe the seller has a better argument that this ‘could’ be higher than the $90 you are so quick to state a 9.8 slab would sell for.
Yes, the book probably isn’t a $288 consistent seller, but to drop it to $90 just because of a sale in ‘21 isn’t fair either.
I’m here for the giveaway!!! 👍