Get your wallets out kids ... SOLD $317,200.00

CheezeFlixz · February 27, 2009, 09:18:06 AM

Action Comic's Superman #1 is going up forsale ... you know you wan it.

Bid now and bid high ...
http://www.comicconnect.com/bookDetail.php?id=295930

How much will it go for in this "down" economy.
I'm guessing $250,000.00 but I'm not a comic collector so I could be way off.

Nukie 2 · February 27, 2009, 02:35:23 PM

Wow, just wow!
Someones gonna pay off their mortgage!

AnubisVonMojo · February 27, 2009, 07:09:00 PM

I used to work for the guys at ComicConnect (a subsidiary of Metropolis Comics). Don't expect it to go for much less than Overstreet value. Creating your own auction site means not having to abide by eBay rules. You know, like the one where you get penalized for secretly bidding up your own items... You didn't hear it from me though.

Nukie 2 · February 28, 2009, 04:22:06 PM

What's Overstreet Value (asks the economics student)?

CheezeFlixz · February 28, 2009, 04:40:30 PM

Quote from: Nukie 2 on February 28, 2009, 04:22:06 PM
What's Overstreet Value (asks the economics student)?

Don't know, it just went up today and it's already at $230,200 ... I'll take two please.

AnubisVonMojo · February 28, 2009, 04:45:38 PM

The Overstreet Price Guide is pretty much the comic dealer's Bible. It sets the standards by which most dealers set their own prices. I don't know what the current guide value is as I haven't touched an Overstreet since leaving Metropolis, but according to the 2007 publication, Action Comics in a 6.0 grade was valued at $120,000. Of course, being a Metropolis owned book, CGC grade certified, and the most sought after comic in the world, I'd say Cheeze is about right on it going for double guide. Even with the downturn in the economy, I think more investors burned by the stock market are going to turn to the collectibles market as a more solid long term investment strategy. So, who knows, an Action 1 in that grade could easily break $300K. Get enough would-be investors interested though, kick start a bidding war, and who knows where it could end.

Despite my dislike for the owners' policy on paying their employees like illegal immigrants, the few years I spent at Metropolis did yield me some major geek cred: I have a pic of myself holding an Action 1 and one where I'm holding two copies of Detective 27.

CheezeFlixz · March 15, 2009, 10:25:57 AM

SOLD! $317,200

http://www.foxnews.com/story/0,2933,509225,00.html

Mr. DS · March 16, 2009, 08:43:48 AM

Quote from: CheezeFlixz on March 15, 2009, 10:25:57 AM
SOLD! $317,200

http://www.foxnews.com/story/0,2933,509225,00.html

Rock guys are comic nerds. Who knew!

Allhallowsday · March 16, 2009, 03:40:39 PM

Wish I had a time machine...

In any case, I agree with AnubisVonMojo in that certain objects, perhaps even particularly in a troubled economy, are good investments and liable to do well compared with most other investments.

HappyGilmore · March 17, 2009, 08:30:07 AM

Quote from: The DarkSider on March 16, 2009, 08:43:48 AM
Quote from: CheezeFlixz on March 15, 2009, 10:25:57 AM
SOLD! $317,200

http://www.foxnews.com/story/0,2933,509225,00.html
Rock guys are comic nerds. Who knew!

They really are. I heard two interviews with rock guys from different bands, one guy from Linkin Park and one guy from Staind. The dj was tying to pull info from them about tourlife: girls, drugs, parties, etc. Both guys were like, "It's not like that, really. We bring our families with us, we bar-b-que, check e-mail, myspace. Haven't touched drugs in ten years."

Really boring interviews.