ComicConnect December 2011 Event Auction
The big ComicConnect.com Event auction has ended. This auction gained worldwide attention thanks to the the coup of having a CGC graded 9.0 copy of Action Comics #1 up for grabs. My post on the record breaking sale can be read here.
This auction wasn’t all about the Action #1 though, there were plenty of great comics available. Lets have a look at some highlights.
This is more of a follow up to my Auction Highlights #59 where I showed just how much this book has plummeted over the past 2 years. It went from a high of $29,589 to a low of $8701 (in November’s ComicLink auction).
I didn’t think the $8701 was a fair price for a 9.8 X-Men #94 to realize at this stage and at the end of my post I called a few more $10K+ sales for this book. Chalk one up for Walt!
X-Men #94 is rare in this grade. For every 1000 Hulk #181’s submitted for grading 11 come back 9.8s, for every 1000 Giant Size X-Men #1s submitted 19 come back 9.8s, for every 1000 Spider-Man #129s submitted 13 come back 9.8s but for every 1000 X-Men #94s submitted only 4 come back 9.8s. By comparison the ratio for the super coveted Green Lantern #76 stands at 3 per 1000 (GL #76 is not at 1000 submissions yet so I pro rated the figure). Relative scarcity does not seem to be helping much though.
Advantage Seller because the days of 10K + for this book are numbered.
Jumbo Comics #9, Fiction House, (September, 1939) Graded by CGC at 7.0 with Cream to Off-White pages sold for $5,000.00 on ComicConnect on December 1st. The Overstreet price guide value for this comic at 7.0 is $2,275.00.
This is why I love ComicConnect auctions. They pull out these super cool ultra rare Golden Age gems that I don’t see anywhere else.
Jumbo Comics #9 is a great Golden Age comic book, it has a lot going for it. It’s from the mythical late 1930s, it marks the first colored issue for the title and it offers up a great Lou Fine cover, the 1st featuring Sheen Queen of the Jungle.
Comics like these are almost impossible to find and as you can see with the more than double guide results demand is high. Issues like these are so rare and so seldom come to market that they are almost viewed as one of a kind and I think the market will continue be strong for books like this.
Advantage Buyer due to too many positive factors for this book.
Marvel Mystery Comics #6, Timely Comics (April, 1940) Graded by CGC at 9.2 with Off White pages sold on ComicConnect for $$20,000 on December 2nd. The Overstreet price guide value for this comic at 9.2 is $18,000.00.
OMG! Another heavyweight and another reason I love these ComicConnect auctions.
At this point in time it seems the very early Actions and Batman Detectives are getting much more market demand than the early copies of the very tough Marvel Mystery run.
Don’t count these early Marvel’s out, excpecially when they surface in exquisite shape like this gem. I do expect the early Marvel Mystery Comics to do a bit of catching up sometime soon.
This is the highest graded copy and boasts a truly classic Schomburg cover. I think 10% above what I think is a conservative guide price is a no brainer.
Amazing Spider-Man #252, Marvel Comics (May 1984) Graded by CGC at 9.8 with White pages sold for $168.00 on ComicConnect on November 30th. The Overstreet price guide value for this comic at 9.2 is $65.00.
This result seems to fly in the face of comictrend.com’s bronze Age index results. The site highlights the collapse of an important group of Bronze Age books in the CGC 9.8 grade. This book is actually in the group of books tracked by comictrend.com but it is bravely defying the price collapse by staying only 6% off its historic average. Impressive when you consider that there are around 500 on the census.
What helps the book is its low guide value, it being a key comic (1st black costume) and it being embedded in the flagship Amazing Spider-Man run. Remember, that counting all comics from the Silver Age to now 1 in 4 collecting dollars invest in Amazing Spider-Man. The title is like a safe haven! Still, there are just too many nice ones out there ungraded for long term sustainability.
Yay! I won this auction!
Well, I had to put my money where my mouth was with this auction. My Undervalued Spotlight #103 featured the very 1st of these Canadian Whites so when I saw this auction I knew I had to bid on the book. It was the only honorable thing to do. As far as I know it is the nicest Canadian White ever graded (I took a quick poke around the net and could not find a CGC 9.8 Canadian White).
Advantage Buyer, of course.
So there’s my first look at a ComicConnect auction. I’m already looking forward to the next one.