What the #$%*&: Those Amazing Comic Sales #2

by Richard G

Krang-Bebop-Rocksteady-300x296 What the #$%*&:  Those Amazing Comic Sales #2So there is a comic book phenomenon taking over the hobby in case you haven’t noticed.  One can’t help but notice as there are amazing sales that are happening each and every week for “key” comic books regardless of comic book age.  What I am about to tell you is one of those sales!  If you were watching this particular auction then you are feeling what I am feeling; shock!  If for whatever reason you were not, no worries, let me tell you what happened.  What the #$%*%& indeed!  The what just happened moment happens when we see an auction end ridiculously high and you wonder who would pay that price for a comic book.  Why?  It happens more than you think believe it or not.

I have to admit, for the most part, I have no plans in bidding in some of these auctions but instead, it is always interesting to just follow certain auctions and see what kind of crazy high prices they close at.  This was one of those instances.  It happened on two different auction sites within the same week of each other.  These were legitimate auction type sales with multiple bids.  The end prices will leave you astounded.

THE ONE

All-Pic-2-300x169 What the #$%*&:  Those Amazing Comic Sales #2Teenage Mutant Ninja Turtles Adventures #1 (1988) – one of those comic books that came out of nowhere and now has everybody’s attention.  I don’t remember seeing this particular comic book at any comic con or dollar bin in the past.  But I have to admit, I haven’t been looking for it.  A must-have for any TMNT collector.  Published by Archie Publications in July 1988, it features the 1st appearance of Bebop, Rocksteady, and Krang; key characters in both the comics, cartoons, and movies.  I am going to highlight a couple of graded sales but raw copies are selling for amazingly high prices regardless of the grade and condition as well.  Let’s face it, Turtlemania is definitely taking over and as a result, this issue is highly sought-after by collectors.   It is also the 1st comic book appearance of the Turtles in their color-identifying masks.  Turtle Power, anybody?

Arguably the most sought after Modern Age comic book as of late to go with other key Copper Age TMNT books.  Raw copies are popping up for sale every day and at the time of this writing, there are only 5 graded CGC 9.8 copies listed for sale at buy it now prices.  There are a total of 441 graded on the CGC census which includes yellow, blue, purple, and green label verifications.  Add on that this comic book is an adaptation of the animated series which makes this a Turtle book everybody wants just for nostalgia’s sake.

SOLD!  

eBay-SOLD-300x120 What the #$%*&:  Those Amazing Comic Sales #2There was a couple of sales for this book from two different auction sites that ended a week or so ago and in both cases, the final sales price was a head-scratcher.  Both copies were CGC 9.8 graded copies with no reserve.  For what it’s worth, one copy was a newsstand and the other copy was a direct edition.  The difference in value between newsstand and direct I will leave for another day.  The newsstand copy sold for $2,600 on eBay and the direct copy sold for $1,375 on MyComicShop.  Wow!  Just wow on both sales actually, regardless of newsstand or direct.  Copies of this book graded in 9.8 were selling in the $300 range just a month ago – go figure!TMNT-MyComicShop-SOLD-300x253 What the #$%*&:  Those Amazing Comic Sales #2

According to GoCollect, the Fair Market Value (FMV) for a graded CGC 9.8 is $325.  A testament that the recent sales on this book haven’t caught up.  As a comparison, the last CGC 9.8 newsstand copy sold in 9/2020 for $410 which was a best offer as the listed sales price was $450.  The most recent direct edition CGC 9.8 copy sold was on 10/2020 for $299, and as you know there are more direct sales than newsstand sales as direct edition were more prominent back then.  Fast-forward to November and this book in 9.8 condition is going “cowabunga” man.  In case you are wondering, raw copies are selling in the $100 range with newsstand copies going for over double that depending on condition.

Conclusion 

Who doesn’t like the Turtles?  Surely one of those characters everyone remembers from their childhood.  And as a result of those childhood memories, it seems people are trying to remember the Turtles with these amazing sales.  Just another eye-opening auction that probably has not reached its height.  Only time will tell.    Not a bad comic to add to your comic book collection regardless.  It has a lot of things going for it as mentioned earlier in this article.  A couple of 1st appearances, 1st time the turtles wear their color-identifying masks, and just one of those cool adaptation comics to have from a cartoon series.  Good luck finding one at a decent price.  Stay tuned for the next installment of the “What the #$%*&:  Amazing Comic Sales #3″ as I delve into more crazy sales that are happening each and every week in our hobby.  Until next time you comic book junkies………………..

Please share your thoughts and comments you have on another crazy sale.  Are you among the many collectors looking for this comic book?   Are you feeling the Turtle Mania craze going on now?  Are you a fan of Bebop, Rocksteady, and Krang?  What are some of those hot comic books on your watch list that you are waiting to pop up for auction?  Are you a proud owner of TMNT Adventures #1?

FOOTER_Comic3-scaled What the #$%*&:  Those Amazing Comic Sales #2

 

 

 

 

You may also like

17 comments

Harry Stone III November 25, 2020 - 4:26 pm

I was going to write an article on this myself. Its pretty flagrant market manipulation. I’ve been watching this book all year knowing it would take off, which it did. Copies were going for a couple of hundred just in September. Has anything happened since then other than social media posts to make it take off? Nope.

Reply
Mig November 25, 2020 - 5:23 pm

There is some market manipulation for sure. I’m not talking necessarily about this book.
Think about it, it’s very possible to stage fake sales or buy and never pay on ebay or an another auction site.
I can tell my friend to buy it at a ridiculous price to make the FMV go up a ton. After I cancel the sale or he pays and I only pay the fees but it’s worth it to make prices go up.
This way I can look at the price inflate and it drives all prices up.

Also, pricing sites report the sale but it can be relisted if the buyer doesn’t pay but the sale is registered.
I have in the past signaled such a situation to Go Collect.
I don’t think a sale is corrected if the seller is not paid or the sale canceled and item is relisted.

Furthermore, Popular Youtubers hype a book up so prices increase. Comic Tom reports high sales which only drive prices even higher. That’s good if you are a seller or have the book already haha

Lastly, some prices have gone sky high because of the pandemic FOMO and many new collectors that have joined the hobby since we are stuck at home with money to spend online.

What are your thoughts on this ?

Reply
Richard Guzman December 1, 2020 - 4:07 pm

def some good points mentioned here … i believe its always good to police each other ,, be ebay (reaching out to the seller) or gocollect ,, i have also red flagged a sale to gocollect and they have promptly updated to sale listing or removed it…. as recent as yesterday matter of fact when i looked up thanos 13 and noticed there was a thanos 13 3rd print in the sales comps with 1st prints.. we both know that is a NO NO

fake sales i think do not happen as much as people think it happens but agree it does happen… i do not know of a personal situation but the one time high sales does attest to that when they come out of nowhere

social media influencers are def a factor

FOMO is real… there is one thing i have learned in this hobby is PATIENCE is key…. the hobby is strong in my opinion as new collectors are coming in – young and old – so that is a good thing…. im still waiting for that fire sale online or auction sites for key issue comic books but have not really seen it ,, so def some money being spent online regardless of our current situation we find ourselves in (what recession) .. ttyl

Reply
Harry Stone III December 1, 2020 - 4:49 pm

The problem with this book is that it isn’t strictly Last Ronin fueling sales. We have collectors that aren’t readers but people who strictly want to pump and dump books in the hobby again as if it was the 1990s. Last Ronin may have had some effect on sales, but if you have been watching, there are certain people that shout out a book and then it increases 6x in value. The value increase did not occur until it was commented on by various parties. Many will comment on a book being hot, and never on a book being cold, because there is no money to be made by shady sellers when a book is cooling off. This book hit 1200 and listing are already down to 800. If you bought the book at 1200, you’ve already lost 400 dollars. Which is great for sellers, bad for buyers who do not know what they’re doing.

I only comment on it because people new to the hobby are going to lose their shirts and the hobby will end up blowing up as it has before. The fact is whenever a book increases 6x in value in a month after a post with no information to back up their reasoning, its probably a pump and dump scheme. Mig is spot on. All you need to do is have a friend buy the book for 6 times the value and then everyone will chase it. There is a reason best offers are frequently used to manipulate books, you never get to see what is actually went for. We’re already seeing the decrease in value in this book, because honestly how many people have read this series or still read this series? This scenario has been happening across the board with books this year.

Point being, there is no fiduciary duty in suggesting which comics to buy. When someone suggests buying a comic with little justification, be wary. Everyone should do their homework and dive into the GoCollect data. My two cents anyway.

Reply
Mig December 1, 2020 - 5:00 pm

Hi Harry and Richard. You guys got good points. The hype for many books is crazy these days. I anticipate a downturn on many keys in 2021. Some influencial Youtubers are driving prices up indeed. Like you say Harry do your homework and don’t expect a book that jumped exponentilly in value to hold that price tag unless it’s uber rare. In 2021 I will have my eye on Giant Size X-men 1 and ASM 300 and hope to see a price decrease. Altough an increase was expected since they are major keys, I don’t think they will maintain the high prices but won’t go back to pre-CV19 prices either.

Richard Guzman December 3, 2020 - 1:57 pm

Wow! good luck on the GSX1 and ASM300 ,, i have those in my pc and i notice they go up every year ………. major keys right there , very hard to time the “low” and buy, one just never knows… good luck! i got a few keys on my 2021 list too

Hoot Nanny November 25, 2020 - 6:15 pm

I own two pristine raw copies of this book. I don’t see the problem.

Reply
Richard Guzman December 1, 2020 - 3:53 pm

congrats on that… high grade copies of this issue are def in demand now.

Reply
SpideyAZ November 26, 2020 - 10:17 am

This could be a carry over effect from Last Ronin, which had its own artificially low print run shenanigans. The originally run of the turtles from Mirage has ticked up in value of late too. Sell Adventures now and reinvest in the Mirage run; that’s where the long term value is.

Reply
Richard Guzman December 1, 2020 - 3:55 pm

agreed. last ronin def has had an effect on tmnt as of late… for the good or the bad is in the eye of the beholder…. also agree on long term value with mirage run, cant go wrong with those issues.

Reply
Richard Guzman December 1, 2020 - 3:48 pm

yea , this def came out of nowhere? I already have TMNT 1 first print and did not know this comic was a thing until recently. if i find it in a dollar bin (or back issue bin) cool but im with you man.

Reply
Mig November 25, 2020 - 4:42 pm

Hi Richard. How come the 2 600 $ sale does not show up on Go Collect in the History of sales ? Also I hope Go Collect will create a Newstand version of the sales for key issues like this one (also other price variants like CPV) although there might not be enough data on this book but on other there is.

Reply
Richard Guzman December 1, 2020 - 3:52 pm

good question Mig. not sure on that one ,, the sale happened on 11/11 and ebay sales normally take 2-5 days to record on the gocollect website from my experience…. good point about creating newsstand sales as well as CPV sales, there is def a niche market that follow these types of transactions.

Reply
Mig November 25, 2020 - 11:43 pm

Where is the histotical data for the newsstand copy that sold for $2,600 on eBay in the Go Collect data ? Thanks

Reply
Richard Guzman December 1, 2020 - 4:00 pm

good question Mig. you might have to direct email gocollect on this and see what the hold up is…. the sale was a couple of weeks back and does not show on the gocollect website as you stated… interesting.

Reply
Alan November 28, 2020 - 11:15 pm

Another reason to consider that explains its rise: first printing of TMNT #1 is unattainable because of price and scarcity. You could get later printings, but they’re not first printings. TMNT Adventures #1 is relatively plentiful and much cheaper, have a newsstand and direct edition, and Canadian price variant (albeit extremely rare) but they are also all considered first printings, and soTMNT fans have options that they can shoot for.

Reply
Richard Guzman December 1, 2020 - 3:59 pm

wow! great piece in anybody’s collection – newsstand and direct edition and canadian price variant — let alone for any tmnt fan. def options out there as far as printing and titles are concerned, the choice is up to you what comic you want in your p0c.

Reply

Leave a Reply

%d bloggers like this: