A near-mint copy of the 1963 X-Men #1 comic has sold for a record-high price of $807,300, following a fiery, fast-paced auction — continuing the year-long trend of skyrocketing comic book values.
“We had more than 50 bidders from all over the world,” says Vincent Zurzolo, COO of www.ComicConnect.com, the online auction house that conducted the auction.
“The winning bid came from an American who invests in many types of collectibles, but sees vintage comics as a rising alternative asset class.”
That winner is onto something. Vintage comics have always been solid investments, but since the pandemic, values have shot up. Eight years ago, this same comic book — graded 9.6 on CGC’s 10-point scale — sold for $250,000.
X-Men #1 marks the first appearance of Professor X, plus the teenage mutant superheroes Cyclops, Iceman, Angel, Beast and Marvel Girl — and, of couse, the supervillain Magneto.
As ultra-rare Golden Age (1935-1945) collectibles become harder to come by, investors are increasingly drawn to Silver Age comics (1956-1970). Hollywood has discovered them, too.
X-Men comic book values have nearly doubled over the last year, sparked in part by Disney’s recent acquisition of the franchise.
X-Men was originally published by Marvel Comics, which sold the rights to the characters to 20th Century Fox in the late 1990s. In 2009, Disney acquired Marvel Entertainment — and, then in 2019, 20th Century Fox, bringing the franchise full circle.
Since then, fans and collectors have eagerly awaited the X-Men’s return to the big screen.
“Part of the X-Men’s timeless appeal is that everyone has felt like an outsider at some point,” says Zurzolo.
“Learning to accept and appreciate people who aren’t like us was a much-needed message in the ‘60s — and it’s just as needed today.”
Zurzolo recently arranged another record-breaking Silver Age sale, brokering the sale of a 1962 Amazing Fantasy #15 — Spider-Man’s first appearance — for $1,050,000.
It marked yet another record-breaking transaction for ComicConnect and its sister company, Metropolis Comics, www.MetropolisComics.com, which hold six Guinness World Records.
“Collectors know Silver Age values will only keep rising.” says Zurzolo. “That’s why we’re seeing such heated bidding when these rarities come up for auction.”
Company Name: Metropolis Comics
Contact Person: Vincent Zurzolo
Email: Send Email
Address:36 W. 37th St.
City: New York
State: NY 10018
Country: United States