2005 GEARS UP!
Dear Comic Fans and Friends,
The first quarter of 2005 has been an intriguing one for me. In as concise a manner I present to you my findings.
I have noticed a growth in interest in restored key Golden and Silver Age comics. For years I was unable to sell Batman #1 in restored condition. However, in the last 3 months I have sold 3 copies. Between the tale end of 2004 and in the first quarter of this year I have sold two Detective #27s in restored condition. A record price for a restored Superman #1 (over $50,000.00) was recently achieved. The increased demand is due to the ever-escalating prices of unrestored copies. When a collector sees a GA key sell for $100,000.00 and it becomes apparent it is out of his/her reach the value in purchasing a sharp looking restored comic for the fraction of the price becomes very appealing. As prices continue to escalate this trend will continue.
The New Price Guide recently debuted. For the most part prices increased in a conservative manner. This is healthy in the long run for a sustained and dynamic market. However, comics like Amazing Fantasy #15 should have increased slightly considering the multiple record-breaking prices realized in 2004 across almost every grade. But once again the last thing this market needs is huge increases in the Guide as it has proven to drive collectors away from certain parts of the market.
What’s hot? In the Golden Age DC & Timely keys and Batman/Detective lead the way. Golden Age Archies and Peps are in demand along with key issue early Disneys. There will be a continued trend toward Golden Age this year as Silver Age prices are becoming too high and the perception of "getting a good deal", on the high end books is gone. Having said that, in the Silver Age arena once again it is Marvel all the way. Demand for FF, Hulk and Spiderman has done nothing but increase. How long will this last? Until multiple sellers can not make money on a high grade key issue when they bring it to market. One title that has been a bit soft it would be X-Men, more specifically none-key issues. I have noticed an increased trend in customers buying low and mid grade runs of Marvels to invest in as well as read! The Bronze Age market is a great place to get in on the ground floor. There are many keys to be had for hundreds of dollars rather than thousands. Issues of prime interest right now are Weird War Tales #1, Batman #400, Amazing Adventures #11, Ghost Rider #1, Marvel Spotlight #5, Daredevil #131 and Luke Cage, Hero For Hire #1. Spider-Man #129, Hulk #181 and X-Men Giant Size #1 in high grade have leveled off. Modern comics are not Metropolis’ primary area of focus, however, one issue that has and continue to increase in demand is Teen-Age Mutant Ninja Turtles #1 (first print). If you can find a copy buy it!
The increase in competition for a choice in third party grading services has also increased. CGC owns a majority of the market, especially in the vintage market. New companies like PGX (Professional Grading eXperts) have begun to make small but noticeable in roads into the market. A brand new company ACE (Accurate Comic Evaluators) has thrown it’s hat into the ring but it seems they are mostly grading modern comics.
Metropolis Collectibles, Inc.