Speculators drove the print run too high, which prevented anyone but first day sellers from seeing any real returns (story of many books in 2013). Despite what people believe, most of the upward pressure comes from speculators, even if collectors then buy in at the new prices.
When a print run cuts in half from issue 1-3, and you have 100s of speculators buying multiple copies, then having to unload, it creates a massive undercurrent of drag on a book. Since speculators dont care, and the print run is where it should be, and EXCELLENT I might add for an indy Image book not being held up by speculators, all the over printing has to work out of the system.
Lazarus 1 48,000
Lazarus 2 27,150
Comics are just like any commodity, when resources are mis-allocated, it skews the values first too high, then too low. Give it a couple years, it's an excellent book and no doubt will be a future classic.
But as for over-valuation, only media optioning is going to push it up to silly values.
Amazing, thanks for the break down and educational post CBT!