4 Secrets From a Millionaire Comic Book Collector — Even If You Don’t Have a Million to Play With!

by Alan LaM­ont

Awhile back, Nico­las Cage sold his com­ic book col­lec­tion for $1.68 mil­lion. That’s right $1.68 mil­lion! And yes, that Nicholas Cage!

This arti­cle lays out 4 secrets to his suc­cess that hard­ly any­one knew about — but could do — even if they didn’t have a mil­lion bucks lay­ing around.

For those liv­ing in a cave, Nico­las Cage is an actor and pro­duc­er whose movies have raked in a bil­lion dol­lars. He’s a ver­sa­tile actor and his movies appeal to every­one. He has been in action, dra­ma, and com­e­dy flicks. He has a num­ber of film star­ring roles to his cred­it. Includ­ing: Windtalk­ers, Gone In Six­ty Sec­onds, The Rock, Con-Air (my per­son­al favorite!!!) just to name a few.

nicolas_cageAnd he is a com­ic col­lec­tor. And a very shrewd one.…who not so long ago made a lot of mon­ey sell­ing his col­lec­tion. Among the high­lights of the col­lec­tion that Nico­las Cage sold was a 1940 Detec­tive #38 com­ic that fea­tured the debut of Robin, for $120,750 over a price guide list of $45,000. A 1940 Mile High Copy of All-Star #3 fea­tur­ing the first Jus­tice Soci­ety of Amer­i­ca sold for $126,500 against a val­ue of $45,000. It includ­ed Action Comics #1 (first Super­man from 1938) which sold at $86,250.It also includ­ed the Allen­town copy of Detec­tive #33, as well as the Mile High Adven­ture Comics #48, the first appear­ance of Hour­man, and Cap­tain Amer­i­ca Comics #1. So clear­ly his col­lec­tion includ­ed a trea­sure-trove for any col­lec­tor of high-qual­i­ty Gold­en Age mate­r­i­al.

How­ev­er, Sil­ver Age mate­r­i­al was also well-rep­re­sent­ed. He also sold his per­son­al copies of Amaz­ing Fan­ta­sy #15, fea­tur­ing Spider-Man’s first appear­ance, Brave and the Bold #28, which intro­duces the Jus­tice League of Amer­i­ca, Fan­tas­tic Four #1, Green Lantern #1, and X-Men #1, among a total of 141 comics he sold.

Nick report­ed­ly made the deci­sion to sell his col­lec­tion after watch­ing the mar­ket and decid­ing to when he want­ed to sell. Indeed. Now that this col­lec­tion has changed hands, Cage plans to move into oth­er areas of col­lect­ing, and he has a nice nest egg to bankroll that move.

What you can learn from Nico­las Cage? Here are a four tips you can learn from Nick, even if you don’t have a mil­lion dol­lars lay­ing around to play with…

(1) Invest in proven„ low-risk com­ic books. He invest­ed rare, old comics in great con­di­tion that have have a proven track record of being high demand and whose val­ue has risen steadi­ly, though slow­ly over the years. Nobody can ques­tion his deci­sion to invest in Action #1, Amaz­ing Fan­ta­sy #15 or X-Men #1.(2) Con­di­tion, con­di­tion, con­di­tion. He also bought them in the best con­di­tion pos­si­ble. The les­son here con­tin­ues to be to invest in comics in the best con­di­tion you can find, that have proven in-demand track records. He spe­cial­ized in what he knows about — not what he doesn’t know about. As you look at the comics described ear­li­er, 95% of the comics Nick sold were first issues.

(3) Spe­cial­iza­tion. In all of his col­lect­ing, — whether comics, coins or cars — Nick spe­cial­izes in first edi­tions. He’s researched first issues and he per­son­al­ly likes being or hav­ing the first of any­thing he deals with.

(4) Re-invest…but in what you know. It has been report­ed that he will take some of the prof­its that he’s made from his $1.68 mil­lion sale in re-invest them in first edi­tions of comics from the 1970s & 1980s because he believes these will be the hot areas for com­ic investors in the next few years. If this is true, it does look like he’s will­ing to take more risks now, and will be look­ing to re-invest in some “undis­cov­ered trea­sures” but will still stick with what he knows — which is first edi­tions. He sold as soon as he was able to prof­it. It has been report­ed that Nick made a net prof­it of $615,000 from this col­lec­tion — based on his orig­i­nal invest­ment and what he paid the auc­tion com­pa­nies.

Could he have made more by wait­ing for the econ­o­my to improve and for prices to go up high­er? Sure. But he cashed in as soon as he could make a good profit…and he didn’t look back. Good rules for any­one look­ing to make mon­ey from their com­ic collection…even if you don’t have a mil­lion dol­lars to play with.

 

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