Recent Sales- 1 Comic, 2 Auctions: NYX #3

by $Rico$

051821C-300x157 Recent Sales- 1 Comic, 2 Auctions: NYX #3It is always interesting to see the same comic book in the same grade, but different grading companies, come up for auction.  They stand out to me and draw my attention.  I am always interested to see which sells for more? Let’s take a look at a recent example, NYX #3.

There seems to be a growing consensus that one grading company is becoming equal to and ahead of the pack compared to recent years.  Nonetheless, each grading company is bringing a different experience to the seller.  Each collector has their preference and should take notice of such auctions.  Discussions have recently picked up compared to recent years, like which looks better, and this article will only barely touch the surface on the topic of comparison.

We all collect how we want to collect; raw comics or graded “slab” comics.  It’s what makes this hobby fun.  Some collectors like to keep their collection raw and be able to read their comics.  In contrast, other collectors like to preserve their comics through 3rd party grading companies for monetary or aesthetic reasons, to each their own. What I want to write about is not what you should do with your comic book, but rather show you what is going on in the market with recent sales on certain “graded” books.  People say the gap is closing. As this series of articles continues to highlight such sales, we will be able to see it together.CGC-PGX-CBCS-e1621443516295-300x73 Recent Sales- 1 Comic, 2 Auctions: NYX #3

GRADING COMPANIES

Before I go any further, let’s talk about the different grading companies out there.  There are many to choose from, like CGC, CBCS, PGX, and EGS.  Each grading company varies as far as perks, and most importantly, turnaround time.  So do your due diligence and determine which one best fits your collecting goals.  Most people choose CGC for the look and feel of the slab, while others select CBCS for the faster turnaround time and cheaper cost to grade.  Each company has its pros and cons.  At the end of the day, the selling value may be what ultimately helps you make your decision.  CGC and CBCS are the major grading companies in the industry and most favorable between collectors.  You decide.

CBCS-9.8-300x150 Recent Sales- 1 Comic, 2 Auctions: NYX #3NYX #3 (2004)

Let’s talk about a couple of recent sales that made me scratch my head a little.  What was once a $1,000 comic book just last year is now $1,700 +/- according to recent sales on GoCollect.  As we already know, NYX #3 is the 1st appearance of X-23, also known as Lauren Kinney.  A fan-favorite character for many collectors, especially after the movie Logan.  Try to get a copy for $1,000 nowadays is almost impossible as it seems the price is continuing to go up in anticipation of possibly a solo movie.  In ComicLink’s May featured auction, NYX #3 was available 3x, 2 CGC graded, and 1 CBCS graded.  Let’s look at the results:

CBCS NYX #3 sold for $1,350 with a bid count of 37 bids.  Wow!  Not too shabby.  As a comparison, just one minute later, a CGC copy sold for $1,662 with a bid count of 25.  Why the disparity?  You tell me.  All direct edition copies, not newsstands, just to let you know.CGC-9.8-2-300x153 Recent Sales- 1 Comic, 2 Auctions: NYX #3

The 3rd copy of NYX #3, another CGC 9.8, sold 5 days later for $1,600 with a bid count of 22.  Comparable to the CGC copy that sold five days earlier but nowhere near the CBCS copy that sold for $1,350.

It’s tough to explain actually.  Both CBCS and CGC are prominent companies compared to the rest yet have varying differences in sale results.  Both press and clean comics as a service before grading.  Both use the same grading scale when grading and encapsulating comic books.  But it seems the public has decided, and only time will tell if these types of sales continue.

X23 Recent Sales- 1 Comic, 2 Auctions: NYX #3WRAP UP

There you have it.  This recent sale is another small (tiny) sample size of a recent sale between CGC and CBCS on a specific key comic book in the same grade.  Stay tuned for more of these examples to come as they happen.  For the most part, I think this is happening universally in all types of sales between CGC/CBCS; CGC sees the higher sales price.  As a result, collectors are grading their collection with CGC versus any competitors.  Customer service, turnaround time, and quality of product are the most significant game-changers I have heard between the grading companies, so choose wisely.  Either way, I wish you luck in your comic book collecting endeavor.  Until next time you comic book junkies…

Please share your thoughts about CGC and CBCS sales.  Have you seen the same difference during your buying experience?  Are you seeing the gap closing down or widening even further?  Are you grading more with CGC or CBCS?  Why?  Let me know in the comments.

GoCollect is the #1 comic book price guide for tracking sales data of all graded comic books in real-time. Fair market values are now at your fingertips. Check it out!

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12 comments

KatKomics May 21, 2021 - 1:08 pm

I’ve had some issues with CGC, even beyond the newton rings, so I changed to CBCS a few years back. I figure with the original head grader of CGC as the founder and head grader at CBCS the grade is exactly the same as CGC for the first 10 years ( I think they are soft now). Lets take NYX 3..I got mine at cover price…if I decide to sell I’ll simply do a BIN/OBO and won’t accept lower than FMV. I think you will see most stores and sellers at conventions are doing the same. If they have 2 books graded the same from CGC or CBCS they are priced the same….there may be a difference now but CGC had years and years as the only game in town, auctions are fickle…I think the price difference will eventually disappear….are we buying comics or holders?? a 9.8 CBCS is the same as a CGC 9.8 (maybe even better since CBCS has the original CGC grader)

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$Rico$ May 25, 2021 - 5:02 pm

good point. i know alot of fellow collectors who have done the same thing,, i met the guy couple of times on some east coast cons,, nice guy.

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steven Centonzo May 21, 2021 - 1:29 pm

Name recognition is better with CBG. I use CBCS. Cost is fair, turn around time is good. a little worse this year with people with money sitting home sending out more books…

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$Rico$ May 25, 2021 - 5:02 pm

very true, seems like alot of new collectors in the hobby this year with the stay at home orders going on ,, the hobby has def grown….

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steven Centonzo May 21, 2021 - 3:51 pm

why leave a reply that never gets printed?
P.S. i read this site every day

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$Rico$ May 25, 2021 - 5:03 pm

#facts

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Trent Wolodko May 21, 2021 - 6:06 pm

This is a phenomenon that has gone on now ad infinitum. I doubt it will ever change as long as CGC is the dominant market player

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$Rico$ May 25, 2021 - 5:04 pm

agreed. people are talking that talk about competitors catching up like cbcs but i dont see it…. its been like this for years …. or should i say ad infinitum!!!

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Clayton Maurer Jr May 21, 2021 - 8:51 pm

Over the last 6 months, CGC has been giving me more and more reason to look at having CBCS grade my books instead. Higher prices, longer wait times, declining customer service, and a percentage of the slabs I get back have had big scratches on the front or back.

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$Rico$ May 25, 2021 - 5:06 pm

oh oh ,, sorry to hear that ,, so far ive been doing good with my submissions, i try to submit 25 to cgc about 5 or 6x year,, the scratches bother me, the newton rings bother me too ,, one year i complained about the plastic bags – lol ,, it seemed a bunch of mine had holes or slits in the bottom of them somehow? i wanted my bags to be 9.8 too (jk) ,, i called them up and they replaced them. no joke… so far so good with the customer service here.

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Aaron May 22, 2021 - 2:02 pm

It’s pretty much programming. The community has been lead to believe that CGC grading holds sway regardless of the facts that both companies are essentially grown by the same people. There are fierce fans of both companies both believing that one is actually superior to the other.

Personally, I use only CBCS because of variations in their business model that I feel are more true to an actual third party certification system such as ISO. However, and let me be very clear here, comic book grading doesn’t have any true standards. It is a guideline system. True standard do not and cannot vary. Comic book grading is done on a curve with the guidelines being very, very strict on more modern books and far less stringent on older books. While I do understand the rational of this curved scale it doesn’t leave much room for older books that may yet be discovered in higher grades that do not show the defects that may be present on other high grade books.

Also, looking back to one of the goals of CGC specifically, there was the plan that their system would help collectors become better graders. That hasn’t happened because there are still a ton of misinformation out there in the raw world and there are practices buy the grading companies, such as qualified grading. That really don’t help to answer some of the long standing issues such as just how do you grade a book that looks to be in one of the highest grades but it has one defect that should place it in a much lower grade category. Things like qualified grading, pay copies, and authenticated signatures that also throw your “standards” right out the window because they mistakenly may assign a manufacturer defect, signature, or historic writing little weight because it enhances the value of the book. So you get conflicts of interest where a regular person’s name being counted heavily against the grade while creator signatures, historic writing, or common defects hardly count. Now don’t get wrong here I see no problem at all with value added markings such as creator signatures but don’t tell me that two book with the same type and number of defect outside of a the creator signature are the same value when one has CLEARLY been written on. The worst example of this being the Pay Copy of Marvel Comics #1. It’s a graded 9.0 with lots of writing inside and out. Structurally it is probably the nicest copy out there and nicer than the other 9.0 one that I know of BUT this one is unmarked. Now I would probably pay more for the PAY COPY because I find value in the historic pay comments in the book, but please don’t tell me that it’s a 9.0 with all that writing.What happens if one shows up that is structurally similar to the pay copy but is clean? Would it get a 9.2? 9.4? Or would it get a 9.0 as well. Similarly, there are defects that may be COMMON on older books due to the manufacturing but without any referent to how common it was in the entire run we cannot let the weight of the common defect drop because there MAY be copies out there that don’t have that defect.

Then you get the problem that many of the highest grades simply don’t exist when you are trying to sell in the raw market. CGC and CBCS seem to be the only people that can get away with grading above 9.4. It’s an incredible double standard when someone will pay multiples of guides for a third party graded book but they will never do that with a raw book that they know or strongly suspect is the grade given. There is always some defect or perceived defect that the buyer will find that makes them discredit your grading.

Essentially we have let third party grading futz with our “standards” and become The Word on grading and the multiples of guide values they produce skew the marketplace without helping solve the problems that the grading guidelines have had all along. Most of the changes to grading have been to benefit the bottom lines of collectors and NOT to preserving or improving the grading guidelines. Promoting value over the integrity of the guidelines. What good are guidelines/standards if they are always changing?

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$Rico$ May 25, 2021 - 5:15 pm

very true , not sure about programing vs just longevity, cgc has been around longer and cbcs are the new kids on the block,, u know people are hesitant to change

i agree in this so called grading curve, modern – bronze – silver for example each have there so called grading scale, good point. yep, grading can be very subjective, i forgot about that — cgc helping collectors become better graders. interesting….

ohhhhh i hate that, i hope that never happens, why would a raw book sell for as much as a graded book but there are dealers who will sell a raw book for cgc graded money (not graded) ,, dont get it but i do see it every now and then……in my head im thking if its that high of a grade like u said why dont you grade it then, you want me to take all the risks as a buyer so i am okay with that and will discount my purchase price then. kk

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