There was a great Jim Lee Uncanny X-Men splash page on eBay last week but didn't sell there.
Uncanny X-Men 276 page 1 featuring Gambit and Jubilee.
It was only a year (or maybe less than a year) that this same page would have sold for $4k easily but it didn't even hit that number in auction. Does this mean Jim Lee artwork is gonna take a big hit in the coming months and years? Only time will tell. Could also be that the Jim Lee art market is getting saturated with a lot of his art out there, so it's only natural that prices will not be as high. The collectors with deep pockets might not "have to" have that page anymore. It's easy to blame the recession and crappy economy, as to why fringe collectors are not willing to drop large amounts of cash on artwork. Collectors might be betting against this artwork getting back to those once higher prices. However, it is surprising that more sellers are not trying to "cash out" now while there is still a market for premium artwork. Or it's plain too late, evidenced by this unrealized auction. I'm sure there will be some nifty deals in the near future once those bills start piling up, or more people are affected by the economy. It's all cyclical, in the long run the art market will come back up, but short run is anybody's guess how low things will get and how long (years) before they eventually turn back up to recent high levels.
