In last week’s post I wrote about CGC having way less comic book submissions and questioned how they were handling it financially. This week I’d like to turn the same question towards the comic book auction houses. The big players like Heritage, ComicLink and Comic Connect all still put on amazing auctions featuring some incredible books. It’s just that these same Featured or Signature auctions don’t pull in as much money as they did in 2021, 2022 or even the beginning of 2023. Some of the bigger auctions that have closed these past two months looked like they were down close to half of what the take from the “good old days” would have been. I love those glossy catalogues that come in from the big auction houses with those pictures of those books we would do anything (except spend money we don’t have) to get our hands on and with those pictures of all those handsome folks in suits that make up the auction teams. That’s a lot of staffing and the problem is each and every one of them is an importance piece of the success of those houses. These are smart ambitious people obviously doing some great work if we look at how far the industry has come. Commissions from the big auctions might be half what they were just recently: what does this mean for these auction houses? Will there be commission fee hikes? Will there be cut backs? Let’s hope things don’t continue the way they are, if indeed we are near a bottoming out of prices, then I’m sure some modest belt tightening will see us all through.
This had to be one of my easiest cover of the week pick in a long while. I was going through the “to eBay auction” pile and found Friday Foster from 1972, the great Jack Sparling did the cover, which screams early 1970s. This is actually a tough book to snag, should do well on the auction.
Let’s stay with Friday Foster for our splash of the week, Jack Sparling gives us plenty to admire with this beautiful streetscape. For some reason it reminds me of an old Jim Steranko romance comic splash page I features last year. I like this splash page.
So, this is embarrassing. I don’t think I’ve ever really stopped and acknowledged that I was looking at a Mark Jewelers insert ad, most certainly I haven’t seen one since I’ve been writing these Time to Collect posts. I’m sure I’ve come across them over the years but I don’t think I knew the significance and the rarity of them so when I saw this ad in Adventure Comics #427, May 1973, I had to include it as my ad of the week. This insert sure does add a lot of value to comic books!
Last night’s finish to icecollectibles weekly eBay auction ended with some surprisingly strong sales. I was impressed with the finish to our Exciting Comics #53 featuring that great Alex Schomburg cover. Our CGC 3.0 copy sold for $810 USD, the result beat a CGC 4.0 sale from October and was not far behind a CGC 5.5 that sold this month. Nice Golden Age pieces like this have been a bright spot in the market.