Monday, July 12, 2004

Looks like Squawkbox is down. So now all of you folks wishing to scream to the heavens your praises of The League will have to wait for a bit.

Anyone looking to give me $250K in venture capital?

Shoemaker sent in this e-bay item.

Part of me believes this is a hoax. I have a hard time believing that this sort of collection is in the hands of a single collector (unless it's that guy who owns Diamond. He has an AMAZING collection.) This poor soul appears to be in need of money, quick. Otherwise s/he wouldn't be selling this collection in one fell swoop.

Logic would dictate that this person should sell these comics off one at a time over an extended period. This would allow collectors without $200K burning a hole in their pocket to participate and bid on each comic individually, driving the cost up of each comic. By selling in bulk, the cost is now prohibitively high and only a company with good credit, or a rich bastard with lots of disposable income is going to be able to afford this. Which means the number of potential bidders just fell out the bottom.

Of course, you can't place everything on the auction block individually at once, either. The placement of so may valuable comics in the marketplace all at once would prevent collectors from being able to keep up with all the auctions and prevent them from bidding on enough comics to drive the prices up high enough. That's not to mention the dilution of the value of some of these comics as they are suddenly no longer "ultra-rare."

Just looking at the quality of this collection leads me to believe it's a big hoax. If it's not, this is probably the best collection of comics ever assembled for sale, and one wonders why the collector is liquidating in such a fashion. Holy cow.

Alas, I cannot determine who Filter81 is. It would be interesting to know.

No comments: