http://money.cnn.com/2010/02/22/news/companies/superman_comic/index.htm
As an person always fascinated by economics in general and profit making specifically, i find this kind of interesting. The article says that in 1995 THIS particular issue of Action Comics, (which the CGC Universal Grade lists as an 8.0) sold for $150,000.00, so in 15 years is sold for $1 million, that is an annual rate of return of 13.5%. A VERY impressive return for the initial buyer (Investor). So on the one hand i ask, is this object worth $1 Million? I can make an argument on both sides. Yes it is worth it because this is a VERY limited quantity (economics 101, supply and demand) and they are not making any more Action Comics #1 1st runs. On the other side, this is a comic book, albeit featuring the first appearance of the most widely known super hero ever, but still a comic. Additionally, just like any investment, i am not so sure that a 13.5% rate of return can be counted on to continue...Objects like this have high value, but it can be argued that they have a 'Ceiling' value that no one will pay above. Just found this interesting. -- You received this message because you are subscribed to the Google Groups "The Unique Geek" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/theuniquegeek?hl=en.
