Wednesday, August 21, 2013

10 Reasons Comic Books Make Great Financial Investments

The list, care of MarketWatch.

From said list...

• What else could anyone buy for a dime in 1938 that would be worth $2.1 million today? The copy that sold in 2011 reportedly belonged to actor Nicholas Cage. He bought it in 1997 for about $150,000. It was stolen from his house in 2000 but was returned after Los Angeles police uncovered it from an abandoned storage locker. Its condition was graded a 9 on a 10-point scale and remains the most expensive comic book ever sold. 

• A comic book could pay off your house. In June, Zurzolo auctioned another copy of Action Comics No. 1 for a Minnesota man who found it in the wall of a house he was remodeling. It had been stuffed in the wall as insulation and was in bad shape, attaining a grade of only 1.5. “The guy bought the house for $10,100, found a comic book that sold for $175,000,” and I collected a 10% commission on it,” Zurzolo said.

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