What’s this!? Avengers #55 – Undervalued Spotlight #142 Revisited? Huddleston trampling all over one of Walter’s best Undervalued pics of all time in the Overvalued Overstreet?
In today’s Overvalued Overstreet we will look at some of those “hot” must have books that pop up whenever a new movie gets announced or even hinted at, and challenges these books present for Overstreet and collectors who use the guide.
I chose Avengers #55 because this book gives us a full look at the before and after effects of such a book. Avengers #55 features the first-full appearance Ultron the big-bad villain in the second Avengers movie – The age of Ultron. The fervor over movie #2 has now given way to the next two movies in the franchise featuring Thanos and the Infinity War. The Avengers franchise is as popular now has it has ever been.
On December 4, 2012 Walt chose Avengers #55 as his #142 Undervalued Spotlight pick. The 42nd Overstreet price guide values at the time were 8.0 $48/9.0$79/9.2$110. Walt focused on a nice 9.4 grade as a good long-term buy for the book, and at the time 9.4’s was getting about 1.5x guide. The movie was slated to come out in the spring of 2013 so speculation would have been well under way.
Here are the Overstreet guide values for the 46th and 47th price guides.
Walt made some smart folks real money with this pick. I take two creams in my coffee Walt😊.
All apologies for not having guides 43 thru 45 to view the whole picture. I keep giving them away once they are a couple years old. You see the beginning and the decline here, but I would have liked to show when and how high the price spiked. Current market for a 9.2 of this book is about $350, give or take, so still in decline. It will be interesting to see if the book continues to decline in the 48th price guide. There are other books in the same boat now: Batman Adventures #12, Marvel Super-Heroes #18, Iron Man #56, and Fantastic Four #45 and #46 come to mind. I am glad to see Overstreet reacting in a downward direction on books that are in obvious steep decline. It also highlights an inevitable problem.
In publishing once per year Overstreet has to make an educated guess on where a “hot book” rising or falling will be at during the course of the year. One guess only. Overstreet does have 160 advisors to help make the guess, which helps, but you only have one guess. A small example of downside risk is the current price of Avengers #55 a 9.2 at $450 in Overstreet. The market is paying about $350 or a little less. An unsuspecting buyer may see a book list for $425 somewhere and think they are getting a bargain when compared to the stated Overstreet guide price. They buy it and find out its not bargain later. I think this happens quite a bit. This is a lag time problem that is used by sellers of books of all stripes. Overstreet can’t react to a lower price for another few months. It is Overvalued Overstreet that they could help avoid.
As previously stated, Overstreet only publishes there guide once per year. On 98% of the books they provide pricing for this is not a problem. It’s just that the 2% is where most of the action is in rapidly rising or declining books. Overstreet is usually the last place that you look for advice here. Auction results, eBay sales, Census, GPAnalysis, are all tools that help provide up to the minute data you may need to help you make a quick and informed decision on a “hot” comic book. My question is why doesn’t Overstreet get in to the most exciting part of the pricing game? All of the tools that I mentioned above are available to them as well, plus they have all of those advisors. An Overstreet online price guide for the small number of volatile books that are rapidly changing up or down would be a boon to the whole comic collecting industry and plug that 2% (my guess😊) gap that Overstreet is missing out on. Overstreet is considered the leader in comic book pricing information, they will need to up their game in the “hot” book market if they want to remain in the leader’s circle.