Rare CGC Comic Book Brings Record $956,000! Last week a 1938 Action Comics #1 comic book that was graded by CGC made national news headlines when it brought a staggering $956,000 at auction!
This event is notable for many reasons. First, read the first two lines of the auction lot description:
It's the holy grail of comic collecting, and we've never auctioned a higher-graded, unrestored copy! In the nearly 15 years since our first auction, we've offered a total of 18 complete copies of the iconic issue, but only nine of those had earned the CGC blue Universal label awarded to an unrestored copy.
The auctioneer clearly explains the importance that this comic book is CGC graded, UNRESTORED, and HIGH GRADE. Furthermore, this is a NUMBER ONE, and readers of this blog are very familiar of the ultra high desirability of a NUMBER ONE in collectibles. This is something we are true believers in and adhering to this collecting philosophy has personally made us many millions of dollars in the collectibles markets over the years.
Lastly, the CNN story states that about 100 copies are known to exist in any condition! MANY of the poster we sell have around 100 known, and many much, much less. And these can be acquired for $150 and up!!!
Please stop for a second and take a break from your very busy day. Stop all the noise in your head and just ponder all of this for a second. The CGC Rock Poster Revolution is unfolding right before your very eyes. We have told you that third party grading would lead to increased media attention, collector participation, rising demand, rising values and a great focus on condition and originality.
We did not pull these ideas out of thin air, or make them up out of whole cloth. We are simply reporting the obvious, what has already happened in SIX OTHER COLLECTIBLES markets.
As a reader of this blog, you should consider yourself lucky to be at the right place, at the right time. You are one of the relative few…for now. There will always be naysayers, but the market speaks louder than any individual. Listen closely to what’s happening now and ACT accordingly.
As we have stated repeatedly, the great majority of posters we handle never make it into our store or auction. If you would like help in starting a collection, it’s up to you to contact us, we are here to help you any way we can.
To view the original auction listing (highly recommended, read carefully) for the CGC comic book, click here:
To view the CNN national headline story, click here:
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