Speculators Assemble! Another Superman Comic Held Hostage by Investors

Yet another old pamphlet is about to be launched into the speculator market, as reported by the New York Post sans any objectivity:

A comic found in an attic could become the most valuable ever.

A pristine copy of the first Superman comic could fetch over $6 million after three brothers found it stored in their late mother’s home.

The incredible find also unearthed five valuable early copies of Action Comics, the publication that introduced Superman to the world in its premiere issue.

Dallas-based Heritage Auctions said: “Three Northern California brothers taking stock of their late mother’s belongings in their family home during the holiday season last year discovered she had for decades held onto a cache of old comic books, tucked away in an attic beneath layers of brittle faded newspapers and cobwebs. […]

Heritage Auctions says Superman has long been among the world’s most valuable comics. A copy of Action Comics No. 1 sold for $6 million last year, while a Superman No. 1 went for $5.3 million in 2022.

Experts believe the newly discovered issue, graded 9.0 by evaluators CGC for its sharp corners, bright colours, and near-perfect spine, could surpass both.

Yup, because locking it away in vaults matters far more than putting it on display at museums, right? And none of the speculators want to read it, just sell it in an endless circle for higher bids. This is so boring, just as it’s appalling, but at least it serves to make clear the speculator market still poses a serious problem for the industry.

Originally published here