Going For The Holy Grail Comic…and is Now the Time to Get One?

by Peter Daddone
AmazingSpider-Man129-201x300 Going For The Holy Grail Comic...and is Now the Time to Get One?

Amazing Spider-Man 129 cover by Ross Andru and John Romita, Sr.

Calculating when to go after your comic Holy Grail is not an easy task.  I’m using my anxiety rocks and I’m only writing about the topic.  I’m not actually pursuing my Holy Grail comic, cough, Amazing Spider-Man #129, 9.6+, cough!  Let’s look at what some experts are saying.  They might be able to sift through the tea leaves for us and help us plan to capture our holy grail comic!

Monitor CGC’s Market Outlook

Monty-Python-and-the-Holy-Grail-300x169 Going For The Holy Grail Comic...and is Now the Time to Get One?Following news releases from CGC is a great place to start.  ANY market is going to have trends and slabbed comics is no different.  Even the hardest to find, most precious key comic, is going to dip enough to where you can get it a little cheaper than its Fair Market Value.  CGC’s most recent market analysis release, published on September 24, came in the form of a letter from Chairman, Mark Salzberg.  Salzberg addresses the current strength in the graded market place, “I believe that as much as the pandemic acted as a reset button for our society, it also served as a gas pedal, accelerating a change in priorities that would have been a much longer time coming.”  He adds later in his letter, “With greater accessibility, safety and confidence comes increased and broad-based interest. This interest has brought massive numbers of collectors, dealers, and investors into the collectibles markets, transforming our industry almost overnight in the midst of a global crisis.”  Translation:  The internet has created a huge selling factory of graded collectibles and NOW is the time to sell!

What Advice Do Auction Houses Have?

comic-link-2-300x83 Going For The Holy Grail Comic...and is Now the Time to Get One?Many of the popular auction houses with a reputation for selling graded comic books are reporting significant increases in bid activity and record-breaking prices.  So, can your comic Holy Grail finally be had today?  Consignment Director at ComicLink, Jason Crosby, thinks one strategy might help you get there! “As far as selling goes, I think the best advice I can give for collectors when selling is to trade up.  Sell a big batch of items you’ve accumulated over time to upgrade to items you will covet even more.  I’ve helped some collectors build insane collections this way.  You can use the sales credit in our auction to buy something else in our auction without even sending money sometimes.   Some [Collectors] will sell a batch of 100 CGC books to buy a big key book, or they will sell two keys to buy a high-grade example of a key.” Translation: With the proper strategy you can attain your holy grail comic in this marketplace!

Is Now the Time?

105849_9b06e84dcc476f15c1c22072483d1fd4b556da6d-206x300 Going For The Holy Grail Comic...and is Now the Time to Get One?So, is now the time to try to obtain a Holy Grail comic?  It depends, in my opinion, on what your holy grail comic is.  I love Matt Baker’s work.  If a Phantom Lady in any condition comes along, it doesn’t matter how hot the market is doing, I think I have to go for it.  For now, I’ll settle on a mid-grade, first printing, Classic Comics #32 as my Matt Baker showcase comic.  Do I go for Amazing Spider-Man #129?  I don’t think so.  I’m nostalgic.  I tend to buy most of my graded comics at comic conventions.  I like browsing, holding it in my hands, negotiating, moving from table to table to see what is available.  When I buy my Holy Grail comic, I want it immediately, drive it home in my car, enjoy a bottle of wine and spend the afternoon placing it on my wall.  Besides, the focus should be on maximizing sales in this market place.  Accumulate equity in order to make the kind of purchase where you can buy an Amazing Spider-Man #129 and get a Phantom Lady too!

FOOTER_Comic3-scaled Going For The Holy Grail Comic...and is Now the Time to Get One?

 

 

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4 comments

Mig November 28, 2020 - 7:02 pm

Great post Peter. You are spot on when it comes to the pandemic market. I decided to stop buying any bigger keys or hot books for the moment since prices are crazy. Instead I am going to have many of my raw comics slabbed and sell a bunch before the market cools down. People have alot of times on their hands in front of their screens. Seing ASM 300 lift off is sad for me since I can no longer afford a 9.8. I will have to be patient and have a plan to buy it if it ever cools off enough. ASM 129 was also on my radar and it has gone up in price but not as much as other keys.

Reply
Peter Daddone December 2, 2020 - 7:28 pm

ASM 300 and soooo many other awesome keys right now! Hang in there, some of those are going to become “fallen angels!”
Peter

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alex November 29, 2020 - 8:50 pm

This is an interesting article , sincerely . The conclusion I am getting is the only way to get the big keys now is too sell your collection . I have been mildly considering this but the problem with that is I would lose diversification in my collection . I don’t feel like selling my two mid-grade keys to get one high grade key for example because what happens if one of those keys crashes ? At least with two keys , I am much safer . Looks like I am stuck until the market comes down a bit or I save up enough money .

Reply
Peter Daddone December 2, 2020 - 7:26 pm

Good point Alex. Your point brings up the great thing about enjoying comics…there is always A WAY to collect, an approach to take, an angle to enjoy!
Peter

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