Comic Book Prices in a Down Market – Tales and Sales from the Frontlines
Unless you’ve been living under a rock you’ve seen the devastation stocks have endured over the last couple of weeks. My 401k and IRA’s are weeping!
But how are comic book prices holding up in these hard times?
Let’s look at two key issues for some clues.
First we have an issue of Amazing Spider-man #1 CGC 7.0 condition. Check out the book. It passed on September 24th at the $8,300 mark.
A copy did sell earlier in the month for $8,990, so maybe they were holding on for the big bucks. Not too shabby.
Think about it, this book would have sold for $8,300 but the seller was holding out for more.
The second book is Avengers #1 in CGC 7.0 condition.
First off, this book is moving along quite nicely due to the Avengers movie news. If you haven’t been following how comic book movies have been affecting the prices of many books, you need to get right over to the comics-movies-cash page and look at the course. There is a free “how to” course now with videos and more, so you really have no excuse not to check it out.
Let’s get back to this book. It has been a $2,000-ish book for the last couple of years. This copy of Avengers #1 sold for a whopping $4,125.87 on September 28th, up from $2,625 in June. Wow.
If you ever watch “Cramer” on CNBC he always says there is a bull market somewhere. Is it in hard collectibles like comics? We’ll see, so stay tuned…
Prepping Comic Books for Professional Grading
If you’re thinking of sending your comic books to CGC or PGX, you may want to do a quick check before they go out the door.
Contrary to popular belief, there are some flaws that will affect the final grade of your comic books that can be fixed.
Patrick over at comicbookcollecting.net has written about 7 condition defects to look for before you put your books in the mail.
Make sure you check it out.