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Felix Comic Art Chat (1/17/22)
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Benno
3:59
I don’t plan to go the auction route for the most part. I’d still be likely yo make money on most everything I might sell and I love knowing my buyer just like I enjoy knowing my seller
Nick Barrucci
3:59
And again, a good amount still falls between the cracks.  We talk about the highs, but don't mention the lows.
Felix Lu
4:00
@Nick...very true. A lot of collectors wrote me all sad that this means the end of the hobby for them. But that's not true at all...not everything is going to go high...or even get a bump. Much of the hobby will go on as before.
Chuck Arnold
4:00
right but with a bidding war it has to go 30% over market value to make it worth your time, taxes the consignment fees seems like its not worth it
Rob Rusch
4:00
I feel like private is totally reasonable still. The auction x-factor is mostly for the primo top 1% stuff
Felix Lu
4:01
@Rob...Yup. But in the immediate aftermath, everyone thinks everything they own is worth $3.36M.
Jason Wood
4:01
Unfortunately, Tom Fish owns all my grails, so I’m never going to be tempted bc he’s not selling
Felix Lu
4:01
@Jason...Tom is very much a seller. You just have to meet his price.
Philip B.
4:01
Also new tax rules for payment apps make private sales less attractive. Anything over $600 is reported to IRS.
Andy Cleangone
4:01
@Jason - but not every seller wins at auction - a friend has some thunks last week - still happens all the time
Just not to people with crappy Spidey art
Roman Roy
4:02
Well, on day one, everyone was new. Back then they had take out ads in local papers to try and get people to let them into their houses...heart condition or no heart condition.
Felix Lu
4:02
@Roman...I see you've been around a while.
Gene Park
4:02
@Andy the most fun most longtime OA guys are having these days is commiserating over these crazy prices!  If you're a buyer, this is ZERO fun
Kelsey S
4:02
@benno exactly I broke even on a piece just cause the guy truly seemed like he would cherish the piece more than myself
Chuck Arnold
4:02
yeah, I get it, but that's that one page I would guess if you went through the entire auction pre 'buyers fee' things went closer to around market value or market value +10%
Dan T
4:02
@Benno - You know which piece I'll gladly buy when you decide to sell it, but it's brand new for you.  See you & Mike Perlman at Dragon Con 2022!
Jason Wood
4:02
I mean there’s utter crap going for thousands every week. So it’s not just the top of the hobby that’s feeling liquid and emboldened
Philip B.
4:03
Still a metric ton of new OA inventory sitting out on rep and dealer sites. Not moving.
Andy Cleangone
4:03
@nick - for sure - no fun to have a thunk when you're the seller
Mike Snitzer
4:03
Or the spectacle of an auction presents a ripe opportunity for market manipulation.. then everyones' heads fall off their shoulders.. all OA prices get padded (already seen it on spawn pages).. and then everyone comes back to reality
Joe F
4:03
I sense we are going to see a glut of black costume Spidey art - saw an ASM cover being listed through FB earlier today
Nick Barrucci
4:03
Oh, that's nice nice @Andy
Michael H
4:03
Question for Barry Sandoval - Is HA writing guarantees w/splits (House, consignor) about the guarantee?
Barry Sandoval
4:03
@Michael H  We never say never but it tends to happen only in very specialized situations (a Frazetta or the like). This is in Comic Art now, I'm frankly not sure if we do it in Fine Art
John Butler
4:03
I've gotten thunked more times than I can count @Andy.
Felix Lu
4:04
@John...I accept that anything I consign is going to be the one lot that underperformed. It NEVER fails. Another reason why I keep everything!
Andy Cleangone
4:04
But @jason, Fish is a relatively recent collector - maybe five years in?  Did you pass on any of the grails prior?
Benno
4:04
I’m still having fun-I just don’t participate at that level-the fun to me is meeting collectors and artists. My best moments in comic art collecting have invariably been show and tell with a few collectors. That is where my joy lies
Jason Wood
4:04
@philip brings up a point very few are talking about, and it hits everyone including most modern commission sales. $600 and above and it’s IRS regardless of how it’s classified in app
Joe F
4:04
@Roman Roy - true, but when my family emails me about this record sale, it's sets the stage for gold syndrome, and being called into the look at a Spidey print they expect to get millions from. This is one of the downsides of a record sale like this, where I'm still mixed about in terms of how we treat outlier sales like this
Jason Wood
4:04
I’m sure Burkey and Anthony are combing their Itoyas for black costume Spidey inventory
John Butler
4:04
@Roman I'm new to the hobby and this is my grail. And Im not a flipper. Will you accept 50% market?
Gene Park
4:04
@Andy yeah, I never win at auction as a seller.  Speaking of which, have people seen the insane prices being paid on Vampirella gallery paintings lately?  Tens of thousands in most cases...and one has like a $144K offer/sale on the HA Make-An-Offer system.  

I had what I thought were THE very best gallery paintings and sold them for like pennies on today's dollars.  I don't get it at all - @Nick do you know who is paying these prices?  I wonder what a top-tier published Warren Vampirella painting would fetch in this market - super high or is this all just somebody's sick market manipulation game??
Michael H
4:04
@Felix - people are funny about money. The numbers change but the art is exactly the same. if you don't need it..KEEP. For the art. Likewise buy what you like and can afford and be flexible in the "like" dept.
Felix Lu
4:05
@Michael H..yup!
Barry Sandoval
4:05
@Gene Park So what happens if you turn up the winner of the cover? "I knew it was you Fredo?"
Artless (MIke D)
4:05
@felix @fabrice I agree that long time collectors agree on what OA should be priced highest, and I also think the best artists from a technical/aesthetic sense also command higher prices on average compared with less skilled artists, but there are plenty of examples of crazy high prices for mediocre art, which is how I personally view most of the first appearance pieces.
Jason Wood
4:06
I love Zeck, but the SW page isn’t even his best work much less emblematic of the best of the era
Nick Barrucci
4:06
I have no clue who is paying that Gene.  It's really interesting
Connecting…
Jason Wood
 - 
11:47
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I’m with Gene, we are going to have four — at least — Fed hikes this year and the world is going to deal with declining risk premiums for the first time in more than a decade
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