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.
How to cope with the wonderful unpredictability of travel
Travel can be unpredictable. At least that’s what Socrates Anastasiadis will tell you when you ask him about his recent...
Cash is past: How modern fintech will drive cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) into the financial mainstream
With cryptocurrencies making a comeback, we might be seeing a revolution in e-commerce in the near future.
Naspers holds Tencent captive
Naspers is drunk on its 31 percent holdings in Tencent and there is no intervention that can change it.
The business benefits of quality customer service
Some businesses tack on a customer service team long after they've built their product, company and processes. Others make the...
Avoiding hype-burn amidst IPO mania
Given that we’re in the greatest global bubble in history, almost everything is overvalued.
- Featured4 days ago
One Chinese stock immune from the trade war
- Biotech5 days ago
Bioxytran’s tissue oxygenation therapy breaking the stroke paradigm
- Featured5 days ago
US cotton market moves lower after Trump’s tariff threats on Mexico
- Business4 days ago
Animal instinct: Cute marketing ideas to help your business cut through the noise