#5631190 - 04/26/1205:26 PMRe: The Official The Walking Dead Discussion Thread
[Re: comix4fun]
jjeaniusjjeanius
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Registered: 10/21/05
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I think the seller end of the equation is irrelevant. "I won't sell it at any price"...that doesn't make it more valuable than if your ask is $1miliion. And asking $200k for a CGC 9.8 of WD 61 doesn't make it more valuable, either. It takes buyers to establish value...not sellers.
And...IMO, there is a difference between a piece of art selling at a certain price, and a piece of art being WORTH a certain price. Someone can overpay for something, that doesn't make it worth that much. Just as in any true auction setting, it takes TWO buyers to establish value. The high bidder might always be willing to go higher...but the value of the piece is determined by where the 2nd bidder stops.
Now, get two people in a room, both of whom are willing to drop $50k large on this cover, and then let there be fireworks.
I think the seller end of the equation is irrelevant. "I won't sell it at any price"...that doesn't make it more valuable than if your ask is $1miliion. And asking $200k for a CGC 9.8 of WD 61 doesn't make it more valuable, either. It takes buyers to establish value...not sellers.
And...IMO, there is a difference between a piece of art selling at a certain price, and a piece of art being WORTH a certain price. Someone can overpay for something, that doesn't make it worth that much. Just as in any true auction setting, it takes TWO buyers to establish value. The high bidder might always be willing to go higher...but the value of the piece is determined by where the 2nd bidder stops.
Now, get two people in a room, both of whom are willing to drop $50k large on this cover, and then let there be fireworks.
Vaue is established whe a buyer and seller agree on a price.
The debate on intrinsic value is interesting but I disagree. It is worth what it sells for and not where the under bidder stops.
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#5631230 - 04/26/1205:41 PMRe: The Official The Walking Dead Discussion Thread
[Re: jjeanius]
jjeaniusjjeanius
If you have a dream about out-posting me, you better wake up and apologize.
Registered: 10/21/05
Posts: 2931
(and yes, I realize that OA is unique, so it loses a point of comparison there, but...if someone pays $50k for a cover that not a single other soul is willing to pay $20k for...do you think it's worth $50k, or $20k?
$50k to the buyer, perhaps...but hopefully he won't have to sell any time soon, as he won't be getting his money back out of it.
#5631239 - 04/26/1205:43 PMRe: The Official The Walking Dead Discussion Thread
[Re: jjeanius]
comix4funcomix4fun This is one of the rare times that having no friends works in my favor.
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Originally Posted By: jjeanius
Really...? So if I sell you a comic for $25 that you can buy on eBay for $5...then it's worth $25?
That copy obviously was or it would not have sold for that amount.
"Worth" is almost total compostable_fertilizer when it comes to comics. They aren't "worth" anything, but they sell for various amounts, some gigantic, every day.
So whatever a book sells for, at any given time, may be much more or less than what has been observed on other similar copies recently...but for that book, at that particular time it was "worth" that price to that buyer.
The OA market is completly different then comics and to compare the two is next to impossible. If i own a piece that i paid 10k for then that it is its worth to me. To acquire this piece from me it will cost more then the 10k i paid for it whether it is worth it to you is how you value it. The 25 dollar comic argument doesnt hold up. You can post a comic for 200k like the wd61 but if there are 90 other copies on the same sight for 30 dollars that doesnt set value. With OA what it costs to acquire is its value period.
I would think the only way to determine the value of ONE of something in collectibles, is to go by how much someone would pay for it. Isn't that obvious? Am I missing something?
