Doug Schmell, CEO and president of Pedigree Comics Inc., reports that he recently sold a CGC-certified restored 8.5 (VF+) copy of Detective Comics #27 for $130,000.
Featuring the first appearance of the Batman and Commissioner Gordon, Detective Comics #27 is widely regarded as the second most valuable comic book of all time, and is ranked as #2 according to latest Overstreet Guide listing (behind only Action Comics #1). Cover dated May, 1939, Detective Comics #27 is easily one of, if not the hottest, comic book on the market right now, with record sales in each grade being recorded over the past few months. The Billy Wright pedigree copy (an unrestored 6.5) just sold for a record $522,812 at auction (February 22nd). In that same auction, a 2.0 copy sold for a record price of $116,513. Just four (4) days later, on February 26th, a 1.8 copy sold on eBay for a record $116,100.
Mr. Schmell said, “According to the CGC census, only one copy in the world (out of 55 so far submitted to the CGC) has graded higher than this Apparent 8.5, an extensively restored 9.2. This copy has just moderate professional restoration and has uncommon off-white to white pages, perfect centering and incredible cover gloss. The yellow and red inks just pop off the cover. The restoration includes color touch, pieces added and tear seals. The cover was also cleaned and reinforced. It went to a buyer who collects high grade Silver Age keys and some Golden Age books. When he informed me during a routine phone conversation on Monday, March 5 that he was seriously chasing the Billy Wright 6.5 copy, I told him I had a line on the Apparent 8.5 (owned by a local comic book dealer) and sent him a front and back cover scan. He was instantly enamored with this copy and after a week’s worth of negotiations, the price of $130,000 was agreed upon. On a final note, this same copy just sold at auction in December, 2011 for $105,000, further demonstrating how hot this issue has become in 2012."
In addition, the results are in from Pedigree Comics, Inc.’s recently completed Grand Auction. The auction began the night of Monday, March 12th and ended the night of Thursday, March 22nd in the separate Grand Auction section of their website (www.PedigreeComics.com). There were 490 CGC-certified comic books to choose from and over 95% of the books sold (only a few items were listed with reserves). The total sales was just under $1 million ($989,359) and with post-auction deals already confirmed, the total has already exceeded $1 million.
According to Mr. Schmell, “The auction was a success. We were happy to see many new bidders in the auction — collectors who had just recently found our site. Marvels led the way with many record sales, particularly early Silver Age Marvels in 9.6 and higher, but there was plenty of bidding on 9.2’s and 9.4’s as well. For example, a 9.4 copy of Avengers #1 from the Northland Collection, even though it did not sell as the reserve was not met, went to $137,000! Avengers #4 in 9.6, the first Silver Age appearance of Captain America, closed at $69,500. Amazing Spider-Man #13 in 9.6 sold for $33,500. A Stan Lee signed CGC Signature Series example of Fantastic Four #1, in 7.5 grade, went for $30,000. A 9.6 copy of Fantastic Four #2, the top certified example with off-white to white pages, fetched $82,500! A 9.2 copy of Fantastic Four #5 closed at $22,020. X-Men #1 in 9.4 (first appearance of the X-Men) sold for $124,000 and Iron Man’s first appearance in Tales of Suspense #39, a 9.4 example with off-white pages, went for $102,500.
We also had an incredible consignment in the auction of ultra high-grade Silver and Bronze Age Marvels signed by Stan Lee. These CGC Signature Series books (over 30 in total) did extremely well, highlighted by the Incredible Hulk #181 in 9.8 (signed by Stan Lee at the Stan Lee Tribute Event on May 7, 2010) selling for $21,251”.
Here are just a few of the highlights from the just completed March Grand Auction:
If you have any comic books to sell or consign, do yourself a favor and contact Pedigree Comics or check out their website at www.PedigreeComics.com If you have any questions, comments, suggestions, concerns, etc. about how to get the most amount of money for your treasured books, either by sale or consignment, please contact Mr. Schmell, at (561) 422-1120 or (561) 596-9111 or by email at [email protected] Pedigree Comics has been involved in the sales of more high-grade CGC-graded, investment quality Silver Age Marvel keys, either by purchase, brokerage or consignment, than any other dealer in the world and keeps all calls and information confidential for your protection.
Pedigree Comics is now accepting consignments for their May, 2012 Grand Auction! Slated to begin on the night of Monday, May 7th and last for 10 days until the night of Thursday, May 17th, the auction will have a few hundred choice high-grade CGC-certified Marvels and DC’s from the Silver and Bronze Ages plus new Golden Age books as well. The sooner you consign your books the more exposure and press they will receive. Pedigree aggressively promotes and advertizes each Grand Auction on many online sites and trade publications and they also send periodic newsletters to all of their over 18,000 customers announcing the individual auction items. There is no buyers premium on any of the lots in the auction and most of the lots will have no reserve. Every book is CGC-graded and the minimum bid is only $100.
Pedigree will continue to accept consignments for the auction until midnight on Thursday, May 10, so check the site and read the following for consignment instructions and get your books in now.
Mr. Schmell invites you to take advantage of Pedigree’s many outstanding services. Consignors maximize their profits selling in the Grand Auction, more so than on any other auction site or auction house. Pedigree does not charge a buyers premium, an amount that most bidders take into consideration when bidding in other sites (the bidders simply deduct the buyers premium amount, usually 20% of the winning price, from their final bid, meaning less money to the consignor and more to the auction site). The higher the value of your book(s) that sell in a Grand Auction, the more money you take home under Pedigree Comics’ Climbing Scale as follows:
A Climbing Scale is in effect for consigned items with a winning bid as follows:
Pedigree Comics consistently sets new sales records for Golden Age, Silver Age and Bronze Age comic books and magazines in each of their bi-monthly auctions and they do not saturate the market with the same material each month. Grand Auctions are unique and exciting, with brand new CGC-certified and diversified, highest quality material in each event. Why take home less money and settle for less by consigning with someone else?
There are three easy ways to consign your books to any of Pedigree’s upcoming Grand Auctions. The only criteria is that the books must be CGC-graded and worth no less than $100.00. If you have high grade raw books that you want to have certified and sold in a Grand Auction, you can utilize Pedigree’s Raw To Riches Consignment Service, in which they will have your books certified under their account and will lay out all the CGC grading fees in advance for you (refer to the website and their Overstreet Comic Book Price Guide advertisement for all the details of the Raw to Riches Consignment Service). Here is how to consign:
If you have any questions or comments about the consignment process, any of the auction lots or about the Grand Auction in general, please contact Mr. Schmell. For any financial related and consignment payment questions, please contact Pedigree's CFO Lisa Shapiro at [email protected] and for any technical related questions or concerns, please contact their Web Master at [email protected]
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