Wednesday, 28 May 2014

Comic Books sell for up to more than 20 times valuation


A pulsating experience at Cuttlestones Auction House Wolverhampton, saw over 2,000 comics sell for a combined total of £18,541. Gasps echoed around the room, when a collection of ‘Silver Age Marvel’ comics featuring The Avengers sold for a whopping £1,000; despite initial valuation placing it at a mere £40-£60. Staggeringly, a vast hoard of early silver and bronze Marvel comics featuring the Fantastic Four, were sold for £850; more than ten times the preliminary bottom price.
   A 1963 X Men #1 comic, supposedly the rarest in the collection sold for £750; this item was expected to fetch anywhere between £400-£600. Twenty three early issues of the Amazing Spiderman went under the hammer and were bought by an internet bidder for £700; four and a half times more than the lower estimate. Another shock, was lot number 161- one hundred and fifty American cent editions of Marvel comics, which featured characters such as Thor, Iron Man and Doctor Doom, and were bought for £550, a 500% increase on the highest valuation.
  People were bidding from as far afield as Australia and the United States, to get their hands on the comics, which were discovered in a routine house search, as revealed in the Express and Star last month. Many of the comics dated from the 1940’s and included obscure and now defunct titles such as ‘Charlton,’ ‘ACG and ‘Tower.’ The majority of the items were kept in pristine condition, and are thought to be extremely rare when found in any condition.
   The majority of sales came from internet bidders, whilst people also attended on behalf of others and kept in constant communication by telephone, as the prices continued to rocket. Even the auctioneer seemed taken aback, as buyers appeared desperate to become owners of the titles.
So, search everywhere for comic books, because some seem to be worth a bob or two!
  

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