A couple was about to lose their home of 50 years due to piling mortgage debts. As they clean out their basement and try to salvage anything worth keeping, the pair found an old copy of Action Comics No. 1 in a box.
The two brought it to an expert and found out that it was worth a lot of money. They sold the comic book for $436,000, putting an end to their mortgage woes.
The headline of the valuable comic book read “Superman Saves the Day” and it certainly couldn’t get any more real for the old couple. Who knew Superman could also save one’s financial future?
Many laugh at the fact of spending money on comic books. But Vincent Zurzulo, one of the founders of Metropolis Collectibles and Comicconnect.com, believes that comic books are a good form of investment. In 2011, Zurzulo’s company sold a copy of Action Comics No.1, known to comic book collectors as Superman’s debut in the world, for $2.1 million. The comic book was valued at just a dime in 1938.
“When the economy is doing poorly, people are looking for alternative forms of investment, when the economy is doing great they have more discretionary income and they buy comic books,” said Zurzulo in a report by Market Watch. Zarzulo added that some people who are wary of placing their money in volatile investments can resort to comic books, whose value has never diminished through time.
Zurzulo also noted that comic books are “recession-proof.”
For someone with $5,000 to $20,000 to spare, purchasing a mint copy of Amazing Fantasy No. 15 where Spider-Man first appeared is a good place to start. The buyer might have to hold on to the copy for two to three years before planning to sell it, to be able to see some growth in the comic book’s market value.
Most recently, eBay hosted a record-breaking online auction for a copy of Action Comics No.1, where the copy was sold for a staggering $3.2 million. eBay received 48 bids for the edition from around the world, and a slice of the sale was donated to the Christopher and Dana Reeve Foundation to help the lives of those living with paralysis.
Rated at 9.0 by the Comics Guarantee LLC, the comic book is in pristine condition, having kept by one of its previous owners at a high altitude location. It is one of the few editions of the comic book that were printed in white pages and is considered to be worthy of being displayed in a museum.
Superman has been saving the day since 1938, and it seems that he continues to do so up to this day. Your financial future might be the next one he will save.
Genoa FC Issues 5 Million Bond on Crowdfunding Platform Tifosy
Founded in 1893, Genoa CFC is Italy's oldest club and one of the country's most titled. The Genoa Bond offers...
This Restaurant App Will Hit #1 — Restaurant.com (RDE, Inc. | OTCQB: RSTN) Takes BIG Dining Deals Mobile
Just when you thought the restaurant app roster was complete with the likes of Uber Eats and Groupon, along comes...
What Is the Carbon Footprint of Colombian Palm Oil
In the first study on the palm oil carbon footprint, 27 mills and 11 plantations in the country were included...
The Spanish Pharmaceutical Sector Closes Q3 with an Increase of 10.7%
Reig Jofre is the only one that does not follow the upward trend of the Spanish pharmaceutical sector and closes...
Interest for Bitcoin Returns: Demand Outstrips Supply Again
With demand pushing Bitcoin above $27,000, the price closed September above a bullish metric. This is the 20-period simple moving...
Fintech1 week ago
Citi Announced a $6 Million Loan to Sempli for SME financing
Biotech2 weeks ago
AbolerIS Pharma Closes a Round of €27 Million Led by Caixa Capital
Business2 days ago
Using Dow Jones Daily Volatility to Time Entry and Exit Points
Business1 week ago
Current Woes in Bonds Promise Future Grief for Stocks: Focus on Dow Jones