Writer Wars Round 3: Tales from the Frontlines by Joseph Overaitis
WANT TO CATCH UP ON PAST CBSI WRITER WAR ENTRIES? CHECK THEM OUT HERE.
Welcome follow collectors to my first report from the field. After years away from the collecting comics a legal case brought me back to the hobby I love. What I love about CBSI is the information that hobbyists and investors have at their disposal, but I wanted to go in depth on some trends that are being reported by others in the field while finishing off each article with some insight to legal issues the the common collector seems to ignore.
These are not small issues as the case that brought me back to the hobby involved a collection from a novice that one would expect to see on television. Tales from the Frontlines takes the reader into areas that are under reported but that should not be ignored to understand why some trends are occurring. This will allow investors to better assess the market.
Report from the Frontlines … Live Auction in Michigan
As reported by CBSI contributor Ben Steiniger in the Top 10 (4/19/2019) one of the the hottest books we are seeing in the industry, Savage She Hulk #1 is the target of many investors. At a live auction I attended ten days after his article appeared online I watched as 5 unslabbed copies graded by the auction house as NM sold for $550.
Most collectors in the room were unaware of the Disney+ rumors and instead were focusing on potential MCU movies and the belief that She Hulk would appear in the next phase of the MCU!! These speculators were looking for the next hot marvel property after missing out on Captain Marvel first appearances and this led to buyers paying double previous prices paid at this auction house for this issue.
If the rumors are true and She Hulk is only a Disney+ show it could affect the long term investment of this book. Instead of waiting for a trailer, investors may be wise to check the Disney+ news because if the this show only appears on Disney+ this book may experience an unexpected downturn.
These very same investors were also targeting the first appearance of Carnage in high grade at this auction, but with much less hope of a high return on investment. They all believe that cinematic heroes are better to invest in than villains but hoped that with the Venom Movie this may be a safer investment with a lower rate of return than speculating on the next great unknown MCU property like She Hulk.
Five days later at this very same auction house a four copy Lot of unslabbed Carnage 1st appearance in NM sold for $560.00 in a bidding frenzy ultimately won by an online bidder over an inhouse attendee. On 5/8/19 another bidding war started over the 1st appearance of Spider-Woman.
Those I talked to at the auction seemed to be of the opinion that for the first time in years speculation into the MCU is now all over the place because no one knows where to put their money.
There was an interesting side note to this auction that should be pointed out. A collection of early Buffy appearances was drawing interest from a collector I have identified as one being ahead of the curve in their comic book speculation. The purchase price went under the radar for some but made others question if maybe this was a precursor to an increase in early appearances of Buffyverse characters.
With news of a possible reboot is it time to start looking in those dollar bins for some hidden gems?
Finally some general personal non-legal advice to Investors from the desk of the this legal professional…
The case I handled that brought me back to the community is one that I have seen before on smaller scales, but this case was like one you would see on the silver screen. While I will not get into specifics, the story is one that should be feared by many collectors.
Ask yourself what happens to your collection if you get sick or die. I have walked into stores that have attempted to buy collections that contained Hulk #181 and ASM #129 in VF from widows and parents for pennies on the dollar.
The case I was involved with made those incidents look like child’s play because the case had museum quality pieces and items you hear about but would not think you would ever see in person. For non collectors who will handle those items at a time when you are sick or have passed on, they might only see your collection as junk.
A Frank Frazetta original drawing will be as valuable as a third graders refrigerator sketch and thus sold for a few dollars at an estate sale. As investors make it known to family or friends what should be done with your collection in the event that you are sick or have passed on so your valuable collection is not sold as trash at a garage sale.
As investors many of you have collections that rival your stock portfolio but treat it as a hobby. You have used CBSI to find hidden treasures that most collectors dream of so why would you let that collection be not put to good use when you may need it the most. You would not trade a Batman #181 in NM for a cup of coffee, so why would you let your wife or parent make that same deal?