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taskmaster Posts: 265
9/25/2020
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Did I miss something or is E-Bay the Price Guide for everything in the world now?
Prices change ALL the time and people still tend to believe that such and such goes for $$$$
So if this is correct then let's say (Example) Spider-Man Issue 4X (Made up) is going for $50 TODAY with ONE copy but next week the price is now $10 so what's the TRUE price? With all of the crooked people that say $50 no...It's either $10 or about that area just because ONE person bough it at that price doesn't make it the price...I saw a $4 ungraded Common book go for $35 on E-Bay does that make it the price? No I'm so tired of all these "Hot" book or "Rare" book links and or auctions and either they never go (Finish) for that at the end of auction or people are just copying what they see and hope they catch a sucker I mean customer to buy it...
And if a price for a comic is displayed (Here or somewhere else) is it morally wrong to put like $50 for a raw ungraded book that is only worth $3?
This one needs clarification because why have a guide then if some people are making up their own prices...
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CaptGrelden Posts: 21
10/1/2020
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Counterpoint:
Your example specifically used a case of a single issue selling for outrageous price. Sometimes someone with money to burn will want to drop $50 on SuperPro 1 but since there will only be ONE example of that ever, we would see that it was an anomaly and the price is really about 30 cents. Movies and TV shows as pointed out can fan flames of Demand but thats a curve you can see as the price spikes and then goes away. The reason eBay is used as a guide is because its dynamic - it updates and trends are easily seen, without the need to have someone remember to update anything. We aren't waiting for an update, we can see months of sales ( completed ) and get an idea of approximate worth, based on Demand.
Bloodstone #1: https://comicspriceguide.com/titles/bloodstone/1/porpbt
eBay *Sold* results for Bloodstone #1: https://www.ebay.com/sch/i.html?_from=R40&_nkw=bloodstone+1&_sacat=0&rt=nc&LH_Sold=1&LH_Complete=1
That page alone goes back to early July. Raw, it seems the book averages 75-100 and graded 9.4 or higher a couple hundred or more.
I'm going to do myself a favor and *not* sell issues 1-4 for a total of less than $20 as a formal, reliable Guide suggests, because I know I can get at least 100 for them without trying as eBay easily shows.
What is the suggested alternative? Basing Value on the prices of the comics on the wall behind the register at our local comic shop? That's as stupid as comics with 20 variant covers to assure record sales
Of course a one-off sale can make people who don't know any better assume Value is increased - but when eBay shows a consistent trend because of what people are willing to pay, then yes it does become a Guide to Pricing, even if not a Price Guide
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Defiant1 Posts: 720
10/2/2020
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I've pondered this awhile. eBay is not a price guide.
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comfan Posts: 85
10/3/2020
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I think of EBay as more of a market indicator than a price guide.
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Ronbatman Administrator Posts: 2530
9/26/2020
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I look at values every day for all kinds of books. There are big differences in values. I routinely see the same book in the same week in the same condition sell for double. It makes no sense but it happens all the time. There are things that we do to help with this.
1. We will throw out (ignore) a super high or super low outlier. Example prices 70,40,30,30,30,30,30,25,22,23 We would eliminate the 70. This kind of thing happens daily.
2. Averaging prices - one price is not enough to put a value on a book.
3. Using multiple sources - In an average week, I look at Heritage, Comiclink, Ebay, and our in-house sales
No guide is perfect and should be used as a guide and not a Bible.
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rixmaxx Posts: 463
9/26/2020
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Ronbatman wrote:
I look at values every day for all kinds of books. There are big differences in values. I routinely see the same book in the same week in the same condition sell for double. It makes no sense but it happens all the time. There are things that we do to help with this.
1. We will throw out (ignore) a super high or super low outlier. Example prices 70,40,30,30,30,30,30,25,22,23 We would eliminate the 70. This kind of thing happens daily.
2. Averaging prices - one price is not enough to put a value on a book.
3. Using multiple sources - In an average week, I look at Heritage, Comiclink, Ebay, and our in-house sales
No guide is perfect and should be used as a guide and not a Bible.
EXACTLY  and sometimes crazy people just gotta have that book.
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rustyauger Posts: 159
9/27/2020
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I just don't get why you are so angry about it. The comic book market follows the same rules of capitalism as any other market. Why should comics be any different? Why do you feel there should be a code that protects our hobby from market forces. If they are priced too high they won't sell and if someone pays $100 for a $3 book they are stupid and deserve to get ripped off.
It's like when people get mad about Chuck Rozanski not giving Edgar Church's family enough money for the greatest comic score in history as if he owed it to them. It's capitalism people! It ain't pretty but it is the way it is.
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