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action1kid

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Posts posted by action1kid

  1. On 7/23/2023 at 6:19 PM, DanCooper said:

    From a December 19th, 1991 NY Times article:

    "The superhero at Sotheby's first auction of comic books yesterday was Harold M. Anderson, the owner of a traveling museum of baseball memorabilia based in Florence, Ala. Mr. Anderson bought many of the most important properties and paid a record price at auction for a comic book with his $55,000 purchase of a copy of Detective 27, the 1939 issue in which Batman appeared for the first time.

    The price Mr. Anderson paid for Detective 27 far exceeded Sotheby's top estimate of $28,000. It was the exception at this sale, in which many works went unsold and many others brought prices below Sotheby's expectations. In an auction of 362 items, 265 were sold for a total of $1.2 million, below the house estimate of $1.4 million to $2 million.

    "I think comic books are on the ground floor of an explosive market," Mr. Anderson said minutes after he acquired the rarity, 1 of about 100 copies of this issue known to survive. "We have a baseball traveling museum and compared to baseball memorabilia, comic books are somewhat underpriced right now." On Display: Bam! Pow! Zap!

    Mr. Anderson is the president and owner of the Treat Company in Florence, operator of the baseball museum, which shows its exhibits in Wal-Mart stores. He said he intended to expand the museum's displays to include comic books.

    Most of the other major comic-book properties in the sale were also acquired by Mr. Anderson. He bought many of the first issues of comic books, paying $29,700 for a copy of Action No. 1 from 1938, a 10-cent comic book in which Superman made his debut. And he spent $28,600 for a first-issue copy of Marvel Comics from 1939, showing Human Torch on the cover. Sotheby's had estimated it would sell for $40,000 to $80,000.

    Toward the end of the sale, at which he spent $229,845 for 21 items, Mr. Anderson said that not all of his money went for superheroes. He spent $4,675 for a copy of "Funnies on Parade," a 1933 compendium of newspaper comic strips featuring characters like Popeye and Mutt and Jeff. "It was one of the neatest things I bought," he said."

    At that time Funnies on parade was considered the first comic book which I’m sure he knew.