It's only hard to believe as an outside observer. Again, we can all speculate about what something like WD #1 would sell for...but the BSDs who are the buyers at that level are the ones who will decide. Can't say down the line, but I will say that there is no chance it will get anywhere near $1M today.
If you talk to long-time collectors, most will tell you that they're surprised the WATCHMEN covers sold so HIGH. These covers have not been held in high regard-- traditionally, WM fans have preferred nice pages. These covers were floated (as a set) to BSDs for years for much less than what they auctioned for now, and there was minimal interest. Personally, I like the covers when displayed as a group, and I agree that the #1 cover is key. But the reality is that during the auction, there were three bidders at $80K, and then two guys took it to the finish. The pool is not that deep when we're talking these types of numbers.
Having said all that, I think the WATCHMEN #1 cover is a decent "value", relative to some of the other high-dollar entries on that list.
Agreed, which is why I just don't think TWD #1 is pulling 1 million. I love TWD, but you can tell from that list that the ingredients for a top dollar sale are legendary artist + well known/regarded character or franchise. TWD is on it's way, but it isn't ASM. And Tony is one of my favorite artists of the modern era, but his lack of available art to me is a big reason why his pieces have so much attention.
Also, Felix-- WHEN ARE YOU GOING TO SELL ME ALL THAT Y ART?
I think Bjorn hit the nail on the head. It's easy to get caught up in something that you love especially when talking about such an epic cover, but the fact is that the fan base for the Walking Dead will always be a fraction of something like ASM. I already feel like some of the newer art is going for crazy prices of late. I would love to buy more, I just can't bring myself to pay some of the prices.