BREAKING RECORDS ON CGC MARVELS
Over the last few months, Metropolis has seen an explosion of demand for high-end Silver Age Marvel keys. What makes these recent record-breaking sales so unlikely is that the market has already been red hot for years. Metropolis COO, Vincent Zurzolo, explains the phenomena as follows:
"Silver Age Marvels are the single most popular period in the comic market. With every movie made, and every article written in a newspaper, Marvel Comics draw themselves closer and closer into the mainstream consciousness as collectible items. Furthermore, the general public doesn’t see comic collecting solely as a hobby. Each and every day, more collectors are coming into the market seeking comic books as an investment vehicle for their finances."
Case in point, Metropolis and the comic book market received much media attention during the course of the last two years in financial publications and news services such as Forbes Magazine, Barrons, Bloomberg, Institutional Investor, Reuters, CBSMarketWatch and Yahoo!Finance, as well as traditional venues such as USA Today, The Chicago Tribune, The Seattle Times, ABC and CBS. Tie this in with the advent of CGC 3rd party grading four years ago, and the road has been paved for the comic book hobby to be an up-and-coming financial investment market still in its infancy.
Metropolis recently sold an Incredible Hulk #1 CGC VF+ 8.5 for a record-breaking $31,000 to a collector buying the comic as a long-term investment for his infant son. After watching the market and reading the Metropolis Index in the Overstreet Price Guide, he had a clear picture of the potential return on his money if he held onto this book until his son’s 18th birthday.
Spider-Man, the most popular character in the Marvel pantheon, is also the most highly collected title (making up almost 20% of CGC submissions). The Ohio Copy of Amazing Fantasy #15 CGC graded VF+ 8.5 was just purchased by a collector from Metropolis for a record-breaking $29,500. In the same week, Metropolis also sold an Amazing Spider-Man #1 CGC graded NM- 9.2 for a record-breaking $33,000. Add to these the recent record-breaking sale of Amazing Spider-Man #16 CGC 9.6 NM+ for $11,000, and you literally have a price explosion. Zurzolo explains, "In all three cases the books were purchased due to several factors- a tremendous love for the character, the high grade/investment potential and the success of the movie franchise."
A record setting price was also recently achieved for a Fantastic Four #12 CGC graded NM 9.4 at $22,000. "The book was simply stunning and after looking through a stack of Golden Age and Silver keys including Mile Highs, Detective #27 and All Select #1, this is the comic that stood out in the collector’s mind as the book he had to have!"
When asked why his company is able to achieve these types of prices, Zurzolo said, "Metropolis has a tremendous reputation as an industry leader with over 40 years of experience combined, and an intricate network of buyers and sellers making it easier to sell or find even the rarest comics. Couple this with the largest inventory of vintage comics in the world and a state of the art website (www.metropoliscomics.com), you have a recipe for success!"
Metropolis Collectibles, Inc.