2010 Overstreet Market Report
by Vincent Zurzolo, COO, Metropolis Collectibles
2009… It was the worst of times, it was the best of times. 2008 was a very strong year for Metropolis but it was unclear how 2009 would work out. With a recession hanging over our heads it was decided that through a continuing strategy of innovation and greater flexibility Metropolis would forge ahead with the goal of not maintaining the status quo but increasing sales. Did we succeed? Read on True Believer!
Sales for 2009 have been robust and have exceeded sales of 2008. I attribute this to increased customer confidence in the viability of comics as an investment vehicle. Simply put, most of us are making nothing in our savings or money market accounts, the real estate market is in the toilet and the stock market is volatile at best. Vintage comics have been and continue to be a stable place to put your money in hopes for good returns. Is it a fool-proof way of making money? No. Nothing is, there is always a chance to break-even or lose. But it is not very difficult to watch trends and get on the bandwagon early. Other reasons for strong sales were increasing our web presence, providing interest-free time payment plans, being more negotiable on prices and seeking out want list comic books for customers.
We have all been watching it happen with Green Lantern, Avengers and Captain America. Prices for All-American #16, Showcase #22 and Green Lantern #1, Avengers #1 as well as Avengers #4, Captain America Comics #1 and Captain America #100 have increased on average 25-150% in the last year. As we haven’t seen a trailer for any of these movies (at the time of writing this market report) I can only imagine there is more room for growth, as long as the trailers look good.
Due to the ever-increasing popularity of Iron Man, we made a record-breaking sale with Tales of Suspense #39 CGC 9.4 off white/to white pages at $118,000.00! In 2009 we sold more Detective #27s than any other dealer, auction house or consignment site in the comic book business. Detective #27 CGC 4.0 off white pages sold for $115,000.00, Detective #27 CGC 7.5 with slight professional restoration sold for $100,000.00 and Detective #27 CGC 7.0 with moderate professional restoration sold for $50,000.00. As stated in the previous paragraph Green Lantern is hot! All-American #16 3.5 sold for $26,500.00, another copy, a CGC graded 4.5 sold for $42,500 and a Golden Age Green Lantern #1 in CGC 7.0 sold for $11,000.
Amazing Fantasy #15 has been the shining example for the last 5-10 years of how much a comic can appreciate in value. Early in 2009 the book continued to climb in value but has hit a slight plateau toward the end of 2009. Sales include a CGC 6.0 at $21,000 and several copies in 5.0 at $10,000.00. Other notable Amazing Spider-Man sales include a #1 CGC 6.5 for $6,500, #3 CGC 9.4 for $25,500, a #10 CGC 9.4 for $5,675.
Comic books like Funnies on Parade from 1933 in 8.0 condition sold for $18,000 proved interest in early Golden Age was strong. The Mile High copy of Great Comics #3 with the classic Hitler story sold for $16,000 in 9.0. Wonder Woman #1 sales have increased dramatically with sales of a CGC 7.0 at $13,500 and a CGC 7.5 for $16,000. Suspense #3 in a CGC 6.5 sold for $15,850 as well.
Other trends to note include restored early and key Golden Age selling more quickly and for higher prices and Bronze Age in general continuing to sell well though as more books enter the CGC population reports prices may decrease.
In closing I’d like to thank all of you for making this a great year. I am very proud of the relationships we have built over the years with our customers. The continued business we do as well as personal friendships we have made are a testament to the passion we share for comic books!