My pleasure, Glenn. Seems Rich has some 'other' things on his mind.
Ted
--- On Sat, 4/3/10, Glenn Taranto <exit...@gte.net> wrote:
From: Glenn Taranto <exit...@gte.net>
Subject: Re: [MOPO] An excellent thought provoking article: Ten Signposts to
Identify Endangered Collecting Categories
To: MoPo-L@LISTSERV.AMERICAN.EDU
Date: Saturday, April 3, 2010, 9:01 PM
Thanks, Brude... You are correct, sir!
GT
----- Original Message -----
From:
Brude
To: MoPo-L@LISTSERV.AMERICAN.EDU
Sent: Saturday, April 03, 2010 2:24
PM
Subject: Re: [MOPO] An excellent thought
provoking article: Ten Signposts to Identify Endangered Collecting
Categories
I think Glenn was referring to your dinner date, you
scoundrel.
Ted
---
On Sat, 4/3/10, Richard Halegua Comic Art <sa...@comic-art.com>
wrote:
From:
Richard Halegua Comic Art <sa...@comic-art.com>
Subject:
Re: [MOPO] An excellent thought provoking article: Ten Signposts to
Identify Endangered Collecting Categories
To: MoPo-L@LISTSERV.AMERICAN.EDU
Date:
Saturday, April 3, 2010, 6:20 PM
it's not a matter of bright or dark side.. it's
looking at reality & determining what the results should be
I
wish I had been wrong.
here's a quote from an email I sent
someone in 2004:
"James, unfortunately I fear that not only
will housing prices fall, but it's entirely possible that when it
happens, the economy could possibly go with
it........"
thankfully, I remember the conversations with my
friend, so I could easily find the emails we chatted about (yes I
archive all my emails, from 1994-onward).
any history fan (like
I am) should have been able to put it together, as long as you can
separate your emotions from the details. Emotion however, and the
simple fact that most people who think they "know everything" even
though they don't read news or history books, aren't suited to
investing of any kind... well , they just don't listen to anyone..
and
so, we have lost money & a tanked economy because don't forget -
the consumers are just as guilty as the trumpeteers.
At
04:10 PM 4/3/2010, Glenn Taranto wrote:
Gotta love
Rich... Always looking on the bright side!
GT :>)
----- Original Message -----
From: Richard Halegua Comic Art
To: MoPo-L@LISTSERV.AMERICAN.EDU
Sent: Saturday, April 03, 2010 2:05 PM
Subject: Re: [MOPO] An excellent thought provoking article:
Ten Signposts to Identify Endangered Collecting Categories
it does indeed Bruce and that's how I knew the housing bubble
was gonna to come as early as 2003 (we did have one of the
hottest
markets). I rented a house in 2000. It was brand new and the
houses on either side were still building
the owner bought it for $120k.
within a year he offered it to me at $155k. I said no thanks,
and he sold it. I continued renting
within a year it sold again for $195k
then another year $235k. then it sold twice more until it was
$295,000 in 2003. That's when I moved out, even though my rent
never changed in all that time (the new manager was an
a$$hole).
i was up in the neighborhood last year & drove by. It was
foreclosed.
I checked online & it was for sale at $107k.. less than
when it was new!!!
all along I told my friends this couldn't be real, and a
correction was coming.. Of course, like the comics hobby - no one
believed me then.
I was talking to a friend I ran into yesterday. she lost $380k
on 3 houses she invested in.. it was a total rout to her.
but hey.. I hadn't seen her in a while.. and we're having
dinner next week.. so the real estate bubble did get me something
after all... LOL
02:55 PM 4/3/2010, Bruce Hershenson wrote:
Sounds like there are parallels to the real estate bubble of
a few years ago.
Or the Greater Fool theory. Once a few of the "big players"
decide to back off, prices can go down just as quick as they go
up.
If the people buying these items have a true love of them,
that's a healthy hobby. But when the "investor types" buy
because they think they are going to sell at a huge profit in a
few years, it's a recipe for disaster.
Time will tell.
Bruce
On Sat, Apr 3, 2010 at 4:13 PM, Richard Halegua Comic Art
<sa...@comic-art.com>
wrote:
no, it's never been really soft and Heritage didn't do
anything to change the field's direction
but it's a classic bubble hobby.. they keep thinking it
only goes up-up-up and if you read the comic boards, that is
the general sentiment. Anyone who challenges that thought is
roundly admonished by the complete majority of the dealers
& collectors - even though the number of comic stores has
decreased by 75% (or more) during the last 15 years and
publishers are printing less comics.
As a matter of fact, I had dinner with a longtime friend
who used to be one of the top five comic distributors and we
discussed it. there may be less than 15% of the number of
comic stores there were in 1990, but the only company that
could show the proof is Diamond and they won't tell. As a
matter of fact, they keep trumpeting the hobby.
Sean and I have been involved in that hobby for 45+ years
(in my case. 40+ as a dealer) and 25+ (in Sean's case)
seeing as both of us have more faith in movie posters - I
think that says alot about the hobby and Bruce as well was a
big person in the hobby in the 70s. Moreover, when you go to
comic conventions, there is almost nobody under 35 except
longtime dealers and a very tiny % of collectors. By and
large, the great population of older collectors has
disappeared as prices have increased, and so - the likelihood
of golden age books from third-world publishers becoming
non-sought-after issues is increasing. Surprisingly, the
large
part of the hobby dismisses this as well, which is proof that
the hobby is populated by the perfect people - those who wear
blinders where money is concerned..
Rich
At 01:57 PM 4/3/2010, Kevin Conway wrote:
I am no comic book expert, but was once a moderate
collector. Wasn't the comic book market quite soft
until Heritage entered the market in a "big way" and
heavily
promoted the comic book industry about 7-10 years ago
??
-----Original Message-----
From: Richard Halegua Comic Art
Sent: Apr 3, 2010 3:07 PM
To: MoPo-L@LISTSERV.AMERICAN.EDU
Subject: Re: [MOPO] An excellent thought provoking
article: Ten Signposts to Identify Endangered Collecting
Categories
it's a fantastic article that reports things we as
longtime dealers already know and that comic book
collectors need to examine
in comics right now, there is much talk about Action
comics #1 CGC 8.0 grade sold for $1mil, then Heritage
sold
Detective #27 8.0 for $1,075,000 and just this week
Action
#1 8.5 sold for $1.5mil. Because comic collectors seem
(to
me) purposely ignorant that a reckoning is coming to the
greater part of the hobby, they all point to these sales
& say "the comics hobby is super-healthy.. prices will
never go down". Prices in comics don't reflect decreases
because both dealers and the publishers of the price
guide
are in bed together on the one hand, and they have a
stranglehold on the hobby off the other hand. The fans
are
also complicit in this sham as they 1) go for it
hook-line-and sinker & 2) they choose to ignore the
obvious signals.
Action Comics #1 will always sell for big bucks. It is
after all the single most important comic book there is.
It has interest outside the comic collecting hobby and
most copies over time will find their way into museums
where they will remain on permanent display. Action
comics
#2, 102, or 502.... sorry... down the road, these books
will be collected by very few as the entire comics hobby
will continue to deflate over many long years until
almost
no-one collects them, with the exception of the top items
like Action #1, Spiderman #1 and the like.
Movie posters will no doubt follow them in great part
(especially as posters themselves stop being printed in
favor of digital displays).
The only difference in posters is that, unlike a comic
book, a movie poster is likened to an artwork, can be
framed and displayed in a home, while it is unlikely that
Coo-Coo Comics #1 will ever get displayed for company to
view when they come over for dinner
that doesn't mean that all posters will be collected..
Sadly, the collecting of posters to the great majority
will focus on the top titles, the top stars and the big
hits.. Much of the rest will just fade away.
Rich
At 08:28 AM 4/3/2010, Bruce Hershenson wrote:
Ten Signposts to Identify Endangered Collecting
Categories
by Harry Rinker (03/16/10).
http://www.worthpoint.com/blog-entry/ten-signposts-identify-endangered-collecting-categories?utm_source=WorthPoint+Insider+List&utm_campaign=cf94b34d78-insider-7&utm_medium=email&mc_cid=cf94b34d78&mc_eid=9c7686e1e6
Does it apply to movie posters? Comic Books?
Bruce
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