ComicConnects latest auctions reinforced the strong market for high end comic books.

“The auction, by far, exceeded all of our lofty expectations,” voiced Rob Reynolds Director of Consignments for  ComicConnect.

Golden Age sales included:

• Highest graded copy in the world of Whiz Comics #2 (#1) CGC 9.0 for a record $281,001 making it the most ever paid for a copy
•  Action Comics #1 CGC 2.0  $175,000,
• Superman #1 CGC 1.5 new record for the grade at $44,500,
• Pep #36 CGC 9.0 first Archie cover  $39,555
• Pep #22 CGC 6.5 $111,000
• Detective Comics #27 CGC 3.0 $194,543
• Restored Detective Comics #27 CGC 9.0 $102,000
• Flash Comics #1 CGC 7.0 $54,000.

Silver Age sales included:

• Fantastic Four #1 CGC 9.0 $145,450,
• Journey into Mystery CGC 9.0 $9,300
• Amazing Fantasy #15 CGC 6.5 $19,700
• Fantastic Four #1 CGC 7.0 $14,801

To consign to the Spring Event Auction catalog, contact Director of Consignments Robert Reynolds at support@comicconnect.com, or call (212) 895-3999 (or international 001-212-895-3999).

Do you have $10,000 lying around?

5 ounces or so of Gold to exchange for some paper encased in plastic?

If so, let me tell you a funny book that you can buy, and watch your “investment” dwindle away over the next few years.

I recently posted about a CGC 9.9 copy of The Walking Dead #1 that sold for $10,100. Pretty amazing.

I applaud the earlier buyers that rolled the dice and took the gamble a greater sucker would come along, because they did.

But where will this end?

The history of modern comics is littered with these flavor of the month casualties, and unfortunately they all seem to end the same.

I know zombies are all the rage right now and the Walking Dead is one of the hottest properties on TV. Heck, outside of Mad Men (now on hiatus), it’s the only fiction show I watch! It’s my little guilty TV pleasure. But will the popularity of the TV show continue to support these elevated prices?

In my opinion, this too will pass.

It always does.

Let me tell you a little story of a hot comic I once owned and sold.

Back in the 1990’s The Crow was all the rage. I picked up a run of Crow #1-#4 speculating on the movie, probably one of my first comics+movies=cash plays. I would say they would probably grade Very Fine today.

I sold the set for several hundred dollars.

Flash forward to 2006 and you could get a Crow #1 CGC 8.0 for $11.

When modern comics fall, they tend to come down hard.

The question is where’s the top and how much will this comic fall? Are you feeling lucky? At this point, a purchase of The Walking Dead #1 is a gamble – a gamble that someone else will up the ante one more time.

I’ll be watching and reporting this story from the sidelines.

Thank you to the subscribers and readers of Comic Book Secrets! Thanks to your support, my Kindle book, “Comic Book Values and Selling Secrets – How to Discover the Real Value of Your Comics and Sell Them Without Getting Ripped Off” is a bestselling book on Amazon, breaking into the top 10 of the Antiques and Collectibles Category!

I didn’t see the ultimate top position it reached, but as of today it’s still holding in the top 10.

I sincerely hope it helps people looking to find what their comics are worth get an honest answer and not be taken advantage of by some of the more unethical folks lurking around.

Thank you!