Batman Breaks at Auction! Detective Comics 27 CGC 4.5 Goes from $1,140,000 to $675,000 at Heritage!

[@winstonw2020]

Thanks for the excellent content. I was buying game used jerseys about 6-8 months ago and have noticed prices softened and there was far less competition in terms of buyers. It's also great you give the advice to younger collectors about buying index funds and benefit of compound growth. I find the pandemic gains kinda ruined them, they want 20-30 per year vs. the typical 8-10%. Really enjoy the content.

[@ReservedInvestments]

💯

[@thundergodd6086]

"He STILL getting hit with the stale doughnut as we speak." Oh man, this had me in tears. 🤣

[@theunfortunatecollector115]

Im getting into collecting silver age batman, lots of cheap books in nice condition

[@Talking_Comics]

Ouch. Absolutely massive tank job for that seller. Add in fees and opportunity cost and he's definitely at less than 50% of what his 1.1M should've grown to. Had to sting even if you are rich...

[@bathombre9739]

Just the shipping with insurance to heritage is a nosedive

[@Odinoian]

Gotta catch the vids while they're fresh

[@sidneyrivera3578]

Thanks for your efforts Shawn. Auction houses and grading companies have to love these collectors.

[@ReservedInvestments]

Very much so! This is why extremely wealthy individuals invest in auction houses and grading companies and not the actual collectibles! Lol.

[@runamuck316]

@@ReservedInvestments Similar to investing in Nvida instead of crypto or AI companies?

[@DeltaFH]

Isn't two years quite a short amount of time to hold that comic and try to put it back into the market? Wouldn't that be a similar bad play as buying an index fund and trying to sell that only two years in, instead of giving it some time to meaningfully grow.

[@ReservedInvestments]

Very much so. My guess is that the seller may have needed the money or another possibility is the original buyer of that book (when it sold for over $1 million +) died and his family consigned it back to Heritage. But yes, it was a bad play indeed, regardless...

[@tonyricca8116]

Got to love it . Most people took government money to buy collectibles toys ect . They didn’t use their own earned money. What does that tell you about the status of the market today

[@ReservedInvestments]

💯

[@Mazzter88]

Can’t argue with the numbers-a copy of Teenage Mutant Ninja Turtles #1 first print cgc 9.8 off white pages sold for $87,000-didn’t even break 100K

[@davidsamuelson2089]

Heritage buyers are genuinely sour on OW/W silver & up.

[@Alex-lp7dn]

Highest price ever for the grade, wait 2 years to resell, the bidder will lose most of the time. Yes, that was a bad sale about 40 % below market. Same auction, Batman 66 and 92 up about 10%, Batman 181 up 20%. Highest graded sales like Torchy 4 and Mad 6 were up enormously. Comics since 1975 have outperformed the Dow Jones by 10 times. Probably means how unreliable the Dow is to represent any type of growth. A Detective 27 in 2.5 sold for 410,000 in 2018 prior to Covid. And a 3.0 slightly brittle sold for 600,000 this year which is about 30% below value. A 6.5 sold this year as well about 12% below value. Part of what is happening is that some buyers stay away from anything below off-white pages, so a cream or light tan to off-white page quality is generally undesirable. It used to be brittle and slightly brittle, but that has moved up. When it comes to slabbed number grades, they mean next to nothing unless you look at page quality.

[@HenryHoolington]

Now is a buyers market and it gives the fans of the books a better chance at obtaining them. That’s what makes comic books valuable in the first place. I agree that the prices may not come back for a long time as Hollywood movies suck and the population collapse looms

[@comiccowboy]

Over at Disney, until the reign of woke terror ends under the MCU and SW, collectors will not be encouraged to invest in books on the balance

[@lowrollerscratcher3563]

Did you see a new western movie is the biggest flop in box office by Kevin Costner career. How does it affect western collectors for resell value.

[@nicholasmogavero2927]

Good Video

[@bat2275]

I think the smart money is now picking up these golden age super keys on the cheap. It's going to be really hard for that buyer to lose money on that book if he holds it at least 5 years.

[@ReservedInvestments]

I tend to agree, but keep in mind that’s also what the buyer who paid $1,140,000 also thought…

[@bat2275]

​@@ReservedInvestmentsthe buyer at 1.1 million bought at record high and held only 2 years. Big difference

[@selfprojects1953]

Probably the same amount when adjusted for inflation 😂

[@JeffYPbPr]

A bakers dozen!!! Haha

[@DaWrestla]

Would love to hear more about what an underlying cash flow is

[@OMG-ws6lx]

Shawn: make no mistake!

[@ReservedInvestments]

I use that phrase a lot...especially in the articles I write for Antiques and Auction News...lol.

[@lennywright5655]

I agree, although the one collectible I’d say has a floor of value would be vintage coins (particularly gold). Not saying coins couldn’t go down but, precious metals are always worth what they’re made of. (worth it’s weight in gold 😉) That being said, the S&P 500, or even single stocks (if you actually know what you’re doing) will always be a better investment long-term.

[@ReservedInvestments]

I don’t disagree with this assessment.

[@Corgi_Trade]

Love you channel as much as I love bag holders when I trade

[@adamchace]

Always appreciate your sober view of these topics, but since you have rooms of collectibles yourself I find myself curious how you reconcile. I’d love a video explaining how you approach

[@ReservedInvestments]

We've discussed this in past videos where I talk about short term speculation versus long term investment. That said, I am happy to revisit these talking points, as it is a topic that comes up quite frequently on this channel. Thank you for the comment.

[@runamuck316]

If you put in $100 a month into an index fund starting at the first time Shawn told you too, you would have enough today to buy a Hulk 181 9.4 😂

[@ReservedInvestments]

And if you actually add more to it and do it consistently, you’ll be a millionaire. Much better probably than putting the money in funny books. But hey, try to explain that to the internet Timmies.

[@tedsmiles8145]

I always appreciate that you're willing to admit that some sectors that you want to succeed are taking hits and that even you have made some bad buys over the years. Did you ever end up selling the non-machine marbles?

[@ReservedInvestments]

Yes, I kept a few, but sold about 90% of the collection. I didn't do as bad as I thought I would and ended up making about 5%...lol. Go figure. Auctions can be highly unpredictable at times.

[@WASHED_UP_NPC]

I think his real investment he paid a premium for was getting roasted in a reserved investment vid

[@le_med]

Why is heritage still in business and not closed with its managers in prison for the wata crap they pulled?

[@ReservedInvestments]

Because shill bidding is not always illegal (assuming Heritage engaged in this, and I am not saying they did by making this response), and because the antiques and collectibles trade is a market devoid of almost all regulation. You can manipulate these markets with little to no recourse. Why do you think 'investing' in collectibles is the 'it' thing to do? The stock market is highly regulated. The collectibles market is not.

[@silkemyk3178]

Meanwhile in Norway: most expensive comic costs $10K😂, Donald Duck #1

[@runamuck316]

Do you watch him at Christmas like the Swedes?

[@silkemyk3178]

@@runamuck316 Yes

[@runamuck316]

@@silkemyk3178 Thanks!

[@3riverscomics571]

Do you think that the auction house should not have put the tec 27 in the same auction as the amazing original golden age art that sold for all time high prices. Personally I think a lot of the big money was spent there.

[@ReservedInvestments]

I don’t think in this case it would have mattered.

[@vintagecardcollector433]

What about the T206 Honus Wagner as a blue chip? It’s well documented that no one has ever publicly sold a copy for less than it was previously purchased for. Thanks for the great videos.

[@ReservedInvestments]

Nope. I actually cover this talking point in previous videos. Thank you fro your comment.

[@jayz6706]

Love your videos Shawn! Thank you for this channel!

[@startyde]

It's a free society, except there ain't nothin' free 'cause there's no guarantees, you know? You're on your own. It's the law of the jungle.

[@ReservedInvestments]

Welcome to the Jungle! We got fun and games...oh sorry, just had too...

[@custum18]

Over the last two years the comic book price chart and the stock market price chart were polar opposites. He could have be sitting at 1.6 million instead of 600k.

[@ReservedInvestments]

100%!

[@pk3739]

100% this. I’ve had a 20% return this year’s stock/index funds. Why people are playing in the collectibles market at a time like this is wild to me…the only reason I can think of is it’s simply more fun than stocks/CD’s etc.

[@jedirun]

indeed :)

[@lowrollerscratcher3563]

What do you think about goldin king of collectibles season 2 Netflix series? Are you doing live reactions. What do you think about your opinion?

[@ReservedInvestments]

I have to finish watching it before I can do a video on it. So please give it time.

[@Carterofmars]

The key, even with this speculative market, is diversification.

[@sp123]

is someone supposed to diversify in more Batman or other hero comics?

[@ReservedInvestments]

Diversification across a wide range of asset classes, not just funny books.

[@midniteman]

Right on the money! Well said.

[@tonyricca8116]

Well said my friend all of it

[@stickyrice1127]

What I’d really like to know is what was the previous comp for a similar grade pre 2022. That’s the real price point of value without the hype. Forget those blackout pandemic years.

[@dansxmencomics]

It’s a great reminder

[@tomneijnens4048]

Thank you very much

[@mangoman9290]

Thats an expensive haircut!

[@ReservedInvestments]

This is hair loss. There is no hair cut here. A hair cut grows back, but hair loss is usually permanent,

[@thomastheodore4606]

I thought of a question about coin investing that might be stupid but it is very interesting to me. It has to do with the key date 1934 s peace dollar. I was looking at the very high prices for mint state peace dollars. I was wondering if say an m62 peace dollar for that year and mint mark could be considered investment grade. After all it is much more expensive than many coins that you believe are investment grade. Just curious.

[@ReservedInvestments]

Watch my video on the optimal collecting grade. Your answer is there... ;)

[@CatsMeowPaw]

The one problem with index funds is you don't get to use your shares to vote. That means Elon Musk could receive his 50 BILLION dollar pay bonus.

[@stevenewsome5306]

🙈

[@ReservedInvestments]

You can, if you are so willing, replicate an index just by buying the same weighted amount of individual stocks that make up the index in question. That said, it would be far easier to just buy the dang index fund and be done with it! Rebalancing that amount of stocks and following the exact beta of an index fund can be a challenge to even someone educated in finance, let alone the average investor.

[@WillKat66]

Win for buyer, now the flip. 🤙🏼🕺🏻

[@ReservedInvestments]

We shall see. He or she got it at a fair price, that's for sure!

[@jordand1554]

Price increases aren’t linear, or even supposed to be for collectibles or traditional investments. 1sr Ed Pokémon benefited from the pandemic boom. Still materially higher over the last decade and IMO still will be in the next decade. I’m sure Batman #1 will eclipse the pandemic high at some point over a number of years. Short term “investing” definitely has its risks despite anything being labeled “blue chip” stocks or collectibles.

[@ReservedInvestments]

Correct, but it does not change the fact these are highly speculative items with no underlying cash flows. As such, this risk alone goes against the mass hysteria being promoted by most KZbinrs that buying top tier collectibles are inherently without risk. At the end of the day, an S & P 500 index fund held over the long term is much safer than any kind of collectible.

[@MrAckley]

Mix in a positive video. All you do is play Monday morning quarterback on things that didn’t go straight up in perpetuity

[@trinitystupidity1073]

big difference between an item not going “straight up in perpetuity” and losing almost a half a million in value.

[@ReservedInvestments]

I show case studies of examples of the stupidity of people who don’t understand how these markets work.

[@jeffmccombs4463]

Index funds are the way for Timmy and Kimmy to avoid getting hit in the face with stale doughnuts.

[@ReservedInvestments]

Over the long term, yes. Over the short term they do have volatility.

[@davidsamuelson2089]

There were simply too many other much more rare books & OA for the major buyers to obtain. You see a Tec 27 in almost every feature auction at Heritage. Try getting that black cat 50 OA cover again - that type of stuff sucked all the money out of the auction.

[@MikeTCG]

Hey Sean, which brokerage do you use for investing in the S&P 500?

[@ReservedInvestments]

I prefer Vanguard and Charles Schwab, but also use Fidelity and T. Rowe Price. I won't touch Robinhood or any of the stupid freebie apps if you paid me.

[@medievil4472]

What about trading 212?