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Opportunity Cost

 
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Rai-fan
Man of Comic Investing Awesomeness


Joined: 13 Nov 2007
Last Visit: 23 Nov 2018
Posts: 2387

PostPosted: Mon Dec 01, 2014 11:07 am    Post subject: Opportunity Cost Reply with quote

So, on the theory that many folks would be traveling &/or tired last night, I tested out Heritage's weekly Sunday night auction for the first time since they moved to the live-auction format.

Before, everything ended at once at 11:00 pm Eastern Sundays, but their interface couldn't handle the influx of last-90-second traffic, so I found sniping impossible. I have bid with literally 70 seconds left and not have those bids register in time. So this format is presumably much better.

So now it starts at 7:00 pm Eastern, but begins with Original Art. Which takes more than an hour and a half.

I was looking at stuff ranging from an original art cover or two, to early Sgt. Rock appearances to early CGC Superman (# 15, 18) to high-grade Bronze.

Biggest problem is you actually have to sit there for 4-5 hours for the auction to complete. I think it took roughly 45 minutes per 100 lots, & there were 800. I was going to bed by the time they hit the Gs.

Ended up snagging a CGC 9.4 All Star Western 10 (1st Jonah Hex) for $750 (including their 20% premium), which is an _all-time_ (since 2003) GPA low. Current GPA is $900, & at its peak in 2010 the book was selling for $1,600.

But, it's opportunity cost. The book was a consolation prize since I was the under-bidder on this, a cool Bart Sears Justice League Europe cover that I remember being featured in his Wizard Magazine in "How to Draw" column.



I was the underbidder here at $750 (same price as the Jonah Hex) but it sold for $775.

Which would you have bought?
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whetteon
Landlord


Joined: 04 Sep 2007
Last Visit: 21 Nov 2018
Posts: 7751
Location: Pittsburg, KS

PostPosted: Mon Dec 01, 2014 11:12 am    Post subject: Reply with quote

All Star Western 10 no questions asked. But then again, I'm a key collector and not an art collector.
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carey18
hobbyist


Joined: 29 Jan 2011
Last Visit: 12 Oct 2015
Posts: 517
Location: Australia

PostPosted: Mon Jan 19, 2015 4:26 am    Post subject: Reply with quote

All Star Western 10, but like Whet, I'm not a comic art collector.
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TinaNamdev
noob


Joined: 05 Dec 2018
Last Visit: 05 Dec 2018
Posts: 1

PostPosted: Wed Dec 05, 2018 2:36 am    Post subject: Reply with quote

I was looking at stuff ranging from an original art cover
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