Interesting what CGC and the 'standardized' 
grading system has done for auction prices, isn't 
it? The entire inflated pricing issue made me 
think of cels. Both markets not being that 
uncommon once you take perspective.

Grading for cels? If it was done, I would think 
it would have to consist of a two-fold grading 
system as you are now dealing with, 
although 'mass produced', original art.

1. Condition  i.e. paint loss, line fading etc.

2. Aesthetics  (I'll switch to that term as we 
are now dealing with artwork per se) i.e. the 
general view of 'A' level / 'B' level and so forth

Number one, I would imagine would bring down the 
grade of quite a number of them. How many cels 
have we received where the condition was, at 
best, not so great, and at worst misrepresented?

Pros and cons to everything.  I've seen people 
pay outrageous prices for the graded comics over 
non-graded even when the condition was the same.  
Compatible markets make me wonder how long before 
someone gives it 'a try.'

(note we haven't even mentioned the dreaded 'cel 
authenticity' issue.  I, for one, don't want to 
be struck by lightening)

By the way, don't you think it's funny? 
Eventually someone is going to want to take the 
book out of its graded shell. What happens to 
the 'official grading' then? And how would they 
even encase a cel?