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Post by Deleted on Aug 17, 2014 1:02:58 GMT -5
This is it guys. The holy grail of classic comics, Action Comics #1 is on eBay. Graded by CGC at 9.0, this is easily one of the best copies to ever come around. Let's all bask in the moment (and dream) as the auction ends in a week or so. What do you think it will go for? Can you even imagine owning a copy as amazing as this? link Awesome origin story on this particular copy: Bidding ends on August 24th! |
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Post by Deleted on Aug 17, 2014 2:05:00 GMT -5
I have 2 of these  when it reaches $1.000.000 I'll sell one of them. Hope I live that long  |
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Post by Slam_Bradley on Aug 17, 2014 10:13:22 GMT -5
Even if I had the money I likely wouldn't buy it. Lots of better things to do with that much cash.
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Post by Roquefort Raider on Aug 17, 2014 11:15:00 GMT -5
Who would want this? I can think of two types of buyers: a very hardcore comic-book fan or an investor.
As a comic fan, I personally don't think any comic book is worth more than twenty bucks or so when so many reprints are available. I'm just not that big a comic-book fan, even if my house is filled with them.
As an investment, such a rare and historically significant comic is probably not a bad idea... although I could easily point out a few companies that will bring you a far better return on investment on Wall Street. (A million dollars worth of AAPL bought five years ago would have become 4 million dollars today, and they don't depreciate when you clip a corner).
The buyer will probably be a hybrid of the two: an investor who's really, really into comic-books and to whom the joy of owning such a rare artifact will trump the possibility of making better investments. (Or maybe it'll be a culturally-conscious patron of the arts who will give the comic to the Smithsonian! That would be cool).
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Post by Hoosier X on Aug 17, 2014 11:45:28 GMT -5
I have 2 of these when it reaches $1.000.000 I'll sell one of them. Hope I live that long I have this as well. My favorite story is the Zatara one, where he fights the Tigress! (Not the Huntress who later became the Tigress so as to not be confused with Helena Wayne. The Tigress in Action #1 is the leader of a gang of thieves. She wears a black and orange striped sweater. She's awesome! She fought Zatara over and over again and may be the first repeat villain in comics.) Art by Fred Guardineer! |
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Post by Hoosier X on Aug 17, 2014 11:46:22 GMT -5
And the first appearance of Superman is pretty cool as well. He's kind of a rascal!
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ironchimp
Full Member
Simian Overlord
Posts: 456 
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Post by ironchimp on Aug 17, 2014 12:50:13 GMT -5
art's always been a good way to launder money or transport huge sums across borders in the form of paintings. Action 1's probably one of the few comics that could end up in that world. |
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Post by Hoosier X on Aug 17, 2014 14:17:31 GMT -5
I just looked at the eBay listing. It's at $1.75 million and there's still seven days to go.
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Post by Roquefort Raider on Aug 17, 2014 14:46:05 GMT -5
art's always been a good way to launder money or transport huge sums across borders in the form of paintings. Action 1's probably one of the few comics that could end up in that world. A decidedly intriguing possibility! It would be ironic if a copy of Crime does not pay eventually knew that fate! |
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Post by Deleted on Aug 17, 2014 15:11:59 GMT -5
Apparently the owner turned down a $3 million offer before he put it up for auction because he wanted to give everyone a shot at it. I wonder if that potential buyer will still layout the $3 mill to ensure he/she gets this copy.
-M
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Post by Roquefort Raider on Aug 17, 2014 16:59:17 GMT -5
And that's when Nicholas Cage will post in the "Books you finally reacquire after years apart" thread!
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Post by benday-dot on Aug 17, 2014 17:04:51 GMT -5
The only way I'd actually fork out 3 million dollars for a comic is if I was in possession of so much money that I had more than I knew what to do with, one of those 1 per centers I suppose.
As RR pointed out there are many better ways of maximizing your return on a sum of 1 million. Even the real accelerated real estate market today could do it in cities like London, Toronto or Vancouver. So for me to to so, guiltily I might add, it would be because I so loved comics and it'd be a seriously cool thing to have.
But ultimately it would be killed by it's own coolness, requiring Fort Knox like security, scrutiny and not a whole lot of actual lovin'.
So if I did have more money than I knew what to do with and was a comic book fan and so wanted to spend a million dollars on the hobby, I'd rather buy thousands of other extremely cool golden or silver age books... a complete collection of EC's, a boat load of Lou Fine comics, Eisners, Simon and Kirby books, Atlas comics with Everett, Maneely art, early Kirby and Ditko work, Frazetta's Thund'a... I could go on and on
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Post by Pharozonk on Aug 17, 2014 18:03:36 GMT -5
I would rather see such a good condition copy like that go to the Smithsonian or something.
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Post by Deleted on Aug 17, 2014 18:11:14 GMT -5
Who would want this? I can think of two types of buyers: a very hardcore comic-book fan or an investor. The latter is who will buy it. It's projected to sell for three million dollars. The last Action #1 9.0 sold for a million, and before that a hundred grand. The growth potential is pretty significant, although I think there isn't much room left to grow at three million, I would have said that at a million too, which was the opening bid on this comic. |
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Post by Deleted on Aug 17, 2014 18:18:54 GMT -5
art's always been a good way to launder money or transport huge sums across borders in the form of paintings. Action 1's probably one of the few comics that could end up in that world. Not if every sale is going to be front page international news. A huge part of the books value is it's certified grade too, which comes with a serial code, and somewhat of a trail of ownership that I doubt shady people would like. Nowadays there's prepaid cards with maximum values in the five figures that are popular to move across borders. That's what the drug cartels like anyway. |
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