Today’s news brings word that the world record price for a comic book has been smashed yet again, this time an Action Comics #1, featuring the first ever appearance of Superman, brought $1,500,000! A similar comic brought $1,000,000 in February, but this example brought $500,000 more because it was in BETTER CONDITION.
Now, I’m sure the person who sold this book is quite pleased that they paid “whatever it takes” some years back as this premium translated to a $500,000 premium on the back end. The auctioneer who handled the sale is quoted as saying “The book looks like it came off the presses yesterday. It’s a stunning copy, it almost looks brand new.”
This is just another example of what we’ve been instructing our clientele to do. If you get the opportunity to buy a finest known poster for $12,000 that everyone else thinks is “worth $8500″, you are one lucky collector. That $3500 premium now puts you in the catbird seat and allows you to ask whatever you wish down the road.
I bought 6 coins for an “extra premium” of about $200,000 total, and today those coins are worth an extra 6 or 7 MILLION dollars. That’s the way the collectibles market works. Always has worked that way, always will. Some people understand the concept right away, some never at all. You need to figure out which group you are in.
Also, this recent news further reiterates why we believe that museum quality Mint Condition posters are stupid cheap. The finest known examples of the most famous issues are still priced for a song. This situation is changing as you read this, act quickly before the window of opportunity slams shut forever.
I urge you to take three minutes to read the whole article on the record comic book here:
http://www.cnn.com/2010/SHOWBIZ/03/30/superman.comic/
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Most of the advice given out on this blog is pretty simple to follow and not hard to understand. Practicing the rules of successful collecting is, for the most part, really straightforward, easy to understand and is simply grounded in common sense.
We’re glad to be back posting this blog. Whenever you see a pause in our postings you can be certain the reason is we’re too busy to post, as there is never a shortage of news to report on here at Psychedelic Art Exchange! In the coming couple of weeks we will have a MAJOR ANNOUNCEMENT that is sure to be of interest to all collectors of Classic 1960′s Psychedelic Rock Concert Posters.
Through this blog we try to impart advice that has been hard earned through over 50 years of combined experience wheeling and dealing in the collectibles markets. There are certain “rules to live by” that are necessary for success no matter what collectible one is addressing. Today I’d like to share another one of these “golden rules” with you.
The market for Mint Condition Psychedelic Rock Concert Posters is now receiving unprecedented attention. This appreciation is leading to record levels of demand from two distinct groups of individuals.
This is the third and final installment of our predictions for 2010. See previous blog posts for the beginning of this article.
This blog is a continuation of our 2010 Predictions Part 1…
As we embark on a New Year, I thought I’d put down on paper my predictions for 2010.
Hopefully this headline has caught your attention as regular readers of this blog know that Psychedelic Art Exchange abhors this strategy. BUT–if you are looking for cool artwork, and artwork alone–this is by far your best collecting strategy! Why? Because second and third printings are literally available by the MILLIONS! They are not rare at all, they have no historical significance, enjoy virtually zero demand, can be located with no effort and are extremely CHEAP in price– and in every other respect! 


