Auction Action by Altan Insights: September 21, 2021
This week on Auction Action, the Altan Insights team virtually visits Goldin Auctions to review their Comics, Video Game & TCG Elite Auction.
There were four different comic books at the Goldin Auctions that were once owned by investors on Rally. All four received buyout offers that were accepted and the comics reappeared at the Goldin event. All four of the comics sold for a higher price at Goldin and in the case of the Incredible Hulk #181, the Goldin price with buyer's premium was 60% higher than the accepted buyout price. While Goldin does add 20% to the winning bid of each item, the price before the addition of the buyer's premium was still above the accepted buyout amount for each of the comics.
Rally (EXIT): $19,895
Review: The Daredevil #1 exceeded the buyout accepted by Investors on Rally by nearly $5,000. The Goldin comic attracted 20 bids and outpaced a $24,000 sale for a CGC 9.0 at Heritage in June. Marvel’s Daredevil #1 has displayed strong appreciation over the last few years. The highest sale price for a CGC 9.0 example in 2019 was $13,900 and the series now has multiple sales over $20,000.
Rally (EXIT): $247,570
Review: Seven bidders helped push the 1962 Marvel Journey Into Mystery towards a new record for any CGC 9.4 graded example. The final sale price settled $72,000 higher than the buyout offer accepted by investors on Rally.
Rally (EXIT): $54,300
Review: Even though the Otis example has gained 114.29% since IPO, it still sits under the final price struck at Goldin’s event. The Goldin comic sold for a 60.8% premium to the buyout price paid for on Rally. The Goldin result is similar to a sale for another CGC 9.8 example that went for $84,000 at Heritage on September 8th.
Rally (EXIT): $309,850
Otis (CGC 9.4): $155,000
Review: Sales for the Avengers #1 in a CGC 9.6 are incredibly rare as there are just 5 total examples in that grade with none higher. In total, 16 bids were placed for the Goldin comic book which helped propel the example to a
Goldin (CGC 8.5): $707,250
Rally (EXIT- CGC 8): $229,888.27
Review: Fresh off a record-breaking result at Heritage Auctions just a few weeks prior, the Amazing Fantasy #15 at Goldin set a new record for this iconic series. The final price of $707,250 is the most expensive price ever paid for a CGC 8.5 graded example.
Review: Rally’s Charizard slipped -30% in its last trading session after opening at a $350,000 market cap in March. The highest realized price for this Charizard Holo was struck by PWCC for $506,969 on February 20th. Goldin’s card drew 15 bids and settled at a final price above Rally’s current market cap.
Review: Rally IPO’d their Lugia in March for $110,000 and the PSA 10 graded Pokemon card tumbled -27.27% in its first trading session on July 14th.
Review: The box know for holding the first-edition Lugia card, Rally IPO’d their sealed booster on April 14th and it is expected to open for trading on October 7th. The Goldin sale is slightly below other recent comps but falls near the $30,000-$40,000 range that Neo Genesis boxes have sold for this summer.
Goldin (2 boxes): $23,370
Goldin (1 box): $13,530
Rally (1 box): $27,600
Review: Lot #165 contained a single box that closed with a final price of $13,530. Lot #166 featured two boxes that settled with a final bid of $23,370. Rally’s sealed box has slipped -20% from its IPO price of $34,500 and last traded on July 22nd.
Review: Rally IPO’d their Fossil box in January for $21,000 and the sealed booster has dropped -18% on their secondary market overall. The box found some momentum in its last trading session though- gaining 13.89% on July 28th.
Review: PWCC sold a 1st Edtion Gym Heroes Box on February 27th for $19,400 and prices have failed to reach that level since. Rally offered their box in March and it is scheduled to trade for the first time on October 8th.
Review: Rally’s Team Rocket Box dropped -30% in its first trading session on June 30th. This auction result is a positive trend for the Team Rocket series as Goldin previously sold a Team Rocket Box for $11,400 in August.
Review: Over 350 investors bought into the first fractionalized TMNT video game IPO at a $22,000 market cap. The Goldin result was propelled by 21 bids and settled at a price similar to the valuation found on Rally.
Review: Both the Rally and Otis examples have traded positively as the Rally copy climbed 57.14% in its last trading session while the Otis game has gained 10% since IPO. The Goldin copy had an A+ seal versus the A carried by both fractional examples and settled at a price under the market caps of both fractional offerings.
Rally (WATA 9.2): $40,000
Review: Otis IPO’d their copy of Pokémon Red on July 20th for $75,000 and the Gameboy game has rallied 9.93% over the last week.
Review: Although not a direct comp, the game signaled a positive move for the Zelda series. Heritage sold a WATA 9.6 A++ Sealed example for $31,200 in April and this Goldin result outpaces any other non-collectors edition result in a 9.6 grade. Rally’s game carries the same grade as the Goldin example although the Rally copy is a collector’s edition copy. Collector’s edition examples were only available to individuals who pre-ordered the game.
Review: 190 investors funded the Halo on Rally which IPO’d with a $17,000 market cap. The Goldin game closed after 18 bids pushed the final price to $15,990. Rally’s copy carries a seal rating of A+ versus the Goldin example which had an A for its seal.
Review: Both the Goldin and Otis examples carry the same grade for the game and seal. The Otis copy IPO’d on April 7th for $14,700 and has since climbed 65% since IPO but has slipped -15% over the last week.
1963 Marvel Comics "X-Men" #1 (CGC 8.5): $158,400
1962 Marvel Comics (CGC 7.0): $75,030
All Goldin sales include 20% buyer’s premium
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