Poor Little Rich Kids
I remember a time when comic books were considered a waste of time. Where parents
routinely trashed our books when we were at school or otherwise weren't looking, and by the time we noticed it was far too
late. (Shivering) Sorry..., my therapist says that I should take it easy with those memories. During the
Las Vegas Comic Con (October, 2003), Diamond Distributions very own Stephen A. Geppi, offered $1 miilion for a near mint condition
copy of the rare Action Comics #1. Well, sorry Stephen, but if you're still interested in that NM copy you're going
to have to pony up a lot more than a paltry million for it, because on February 22, 2010, a CGC (ugh!) 8.0 graded copy
sold at a ComicConnect auction for a tidy $1 million dollars. That's right, $1 million dollars. Shattering the previous
record of $317,000 held also by an Action Comics #1 for about a year, and the new record holder is essentially
in Very Fine Condition, not quite the NM that Geppi wants. Now if that wasn't enough
to stir the waters, approximately a week later a Detective Comics #27 (also an 8.0 grade) sold at a Dallas Auction for
$1,075,500, setting a new record. So now, what does a poor little rich boy do for his comic "immortality"
fix??? What else, but open the purse strings a little wider. I'm just curious as to how this might skewer the market as people
are priced out of the Golden Age Collections they pined for they may settle for Silver Age keys which, in turn, may cause
them to see inflated prices as well. Hmmmm, let's see how far this ripples. Well, it's time for me
to remind Mom and Dad of just what they threw out. In the meantime, feel free to write to us at info@northsidecomics.com
and let us know what "crazy" prices you see.
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