esquirecomics Posted May 11, 2011 Share Posted May 11, 2011 Just in case if others haven't received this news. Congrats Mark! Mark Zaid of EsquireComics.com and ComicConnect.com are reporting the sale of a CGC-certified NM- 9.2 copy of Showcase #4 featuring the first appearance of Barry Allen, the Silver Age Flash for $100,000. All I wanted was some empirical evidence! Thank god this book will now finally be off the grid. Great news! Does anyone have to eat their shorts because of this? The buyer might want to after he`s told that the book has been available for a lot less since 2004. Actually, that is completely untrue Tim. It has never been offered publicly for sale for less than $90,000. And that was maybe a year or so ago at least. Link to comment Share on other sites More sharing options...
Boba Posted May 11, 2011 Author Share Posted May 11, 2011 Congratulations, Mark! Now what was your buy price again? I'd like to figure out the annual return on that puppy. Consider that, due the 2008 crash, the S&P 500 is up less than two percent total from 2006. I paid $62,500 for it sometime in 2004. What does that work out to be? A tidy sum Nice (thumbs u Link to comment Share on other sites More sharing options...
Sanj Mitra Posted May 11, 2011 Share Posted May 11, 2011 Congratulations Mark. Very nicely done. Cheers Sanj Link to comment Share on other sites More sharing options...
G.A.tor Posted May 11, 2011 Share Posted May 11, 2011 37500 less assumed 10% metro vig= 27500 return over 7 years. That is approx 44% roi. That is approx 6% return per annum. Accounting for capital gains tax and inflation mark should net approx 3% a year on the initial investment. Link to comment Share on other sites More sharing options...
mysterio Posted May 11, 2011 Share Posted May 11, 2011 37500 less assumed 10% metro vig= 27500 return over 7 years. That is approx 44% roi. That is approx 6% return per annum. Accounting for capital gains tax and inflation mark should net approx 3% a year on the initial investment. And how does that work out with the dollar's slide, particularly in the last several months? I just booked some travel in Australia and the exchange rate killed me (paid 80 cents US for an Aussie dollar last summer and now it is $1.12 US per Aussie dollar ). Link to comment Share on other sites More sharing options...
tonytiger Posted May 11, 2011 Share Posted May 11, 2011 100k is a killer sale for a killer book. Link to comment Share on other sites More sharing options...
tth2 Posted May 11, 2011 Share Posted May 11, 2011 37500 less assumed 10% metro vig= 27500 return over 7 years. That is approx 44% roi. That is approx 6% return per annum. Accounting for capital gains tax and inflation mark should net approx 3% a year on the initial investment. And how does that work out with the dollar's slide, particularly in the last several months? I just booked some travel in Australia and the exchange rate killed me (paid 80 cents US for an Aussie dollar last summer and now it is $1.12 US per Aussie dollar ). Maybe it was an Australian who purchased the book! In Aussie Dollars, the book is only about 10% higher today (A$90K) than what Mark paid for it in 2004 (A$80K)! Link to comment Share on other sites More sharing options...
Gatsby77 Posted May 11, 2011 Share Posted May 11, 2011 My math shows you made about a 6.95% return, compounded annually (exclusive of capital gains taxes, etc.). Total U.S. inflation over that time was 18.3%, so if you bought it today, it would have cost $73,937. Great book that you should be proud to have owned for 7 years, and proud to have profited from now. Link to comment Share on other sites More sharing options...
G.A.tor Posted May 11, 2011 Share Posted May 11, 2011 My math shows you made about a 6.95% return, compounded annually (exclusive of capital gains taxes, etc.). Total U.S. inflation over that time was 18.3%, so if you bought it today, it would have cost $73,937. Great book that you should be proud to have owned for 7 years, and proud to have profited from now. same as I got. About a 21% return over 7 years or about 3% a year in today's dollar (thumbs u Link to comment Share on other sites More sharing options...
Aman619 Posted May 11, 2011 Share Posted May 11, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. Link to comment Share on other sites More sharing options...
esquirecomics Posted May 11, 2011 Share Posted May 11, 2011 My math shows you made about a 6.95% return, compounded annually (exclusive of capital gains taxes, etc.). Total U.S. inflation over that time was 18.3%, so if you bought it today, it would have cost $73,937. Great book that you should be proud to have owned for 7 years, and proud to have profited from now. same as I got. About a 21% return over 7 years or about 3% a year in today's dollar (thumbs u Thanks for the info guys! (thumbs u Link to comment Share on other sites More sharing options...
esquirecomics Posted May 11, 2011 Share Posted May 11, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. Very true statement. In fact, this really does sum it up. Makes the whole transaction from start to finish that much better and sweeter. Only downside - I just lost a TON of points and my #1 Showcase ranking on the CGC registry! Link to comment Share on other sites More sharing options...
Silver Surfer Posted May 11, 2011 Share Posted May 11, 2011 Congrats Mark. Now tell us what you plan to buy with the proceeds? Must a be a nice Church More Fun or two that your after? Good question. I wish I could say More Funs were worth the investment nowadays! Alas, the funds are likely going to simply pay for routine expenses in the household. Although I did at least buy an inexpensive copy of More Fun #82 as I needed that copy to be one step closer to completing the run. I hear yah. I want to complete a Spectre run but the books are still expensive and prices have been soft and declining for a few years now. While I love the books I might be much better off directing those funds to other books I cherish. Will just have to stick with selective issues for now and slowly acquire over the long haul. All we need is a Spectre movie or a decent Green Lantern cameo to reignite some interest in an under appreciated character. GA Spectre More Fun's rival many of the Tec/Timely covers we all drool over. As much as I like the Flash I'm hard pressed to find many issues that are worth collecting unless its a grail like SC#22 or just a good cover. Link to comment Share on other sites More sharing options...
G.A.tor Posted May 11, 2011 Share Posted May 11, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. with mark or any buyer of a book of that magnitude, I suspect part of the formula has to be "investment", though I don't want to speak for him (thumbs u Link to comment Share on other sites More sharing options...
esquirecomics Posted May 11, 2011 Share Posted May 11, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. with mark or any buyer of a book of that magnitude, I suspect part of the formula has to be "investment", though I don't want to speak for him (thumbs u Oh, it was definitely an investment for sure, but the actual purchase was more motivated by a desire to simply own a grail of a book that I had always wanted to buy, but couldn't afford, when I was collecting in the 70s and 80s. Link to comment Share on other sites More sharing options...
esquirecomics Posted May 12, 2011 Share Posted May 12, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. Very true statement. In fact, this really does sum it up. Makes the whole transaction from start to finish that much better and sweeter. Only downside - I just lost a TON of points and my #1 Showcase ranking on the CGC registry! Wow, I just deleted the book and dropped 10 ranking spots in the overall registry!!!! Link to comment Share on other sites More sharing options...
TeddieMercede Posted May 12, 2011 Share Posted May 12, 2011 yeah, but it wasnt an investment, it was a grail that had the added expectation of a profit. Not a bad formula in this hobby. Very true statement. In fact, this really does sum it up. Makes the whole transaction from start to finish that much better and sweeter. Only downside - I just lost a TON of points and my #1 Showcase ranking on the CGC registry! Wow, I just deleted the book and dropped 10 ranking spots in the overall registry!!!! Hopefully the book finds a nice long term home now Mark. It was a great copy of a great book. Congrats again on the sale. Link to comment Share on other sites More sharing options...
Speedy-D Posted May 12, 2011 Share Posted May 12, 2011 Congrats Mark. Now tell us what you plan to buy with the proceeds? Must a be a nice Church More Fun or two that your after? Good question. I wish I could say More Funs were worth the investment nowadays! Alas, the funds are likely going to simply pay for routine expenses in the household. Although I did at least buy an inexpensive copy of More Fun #82 as I needed that copy to be one step closer to completing the run. I hear yah. I want to complete a Spectre run but the books are still expensive and prices have been soft and declining for a few years now. While I love the books I might be much better off directing those funds to other books I cherish. Will just have to stick with selective issues for now and slowly acquire over the long haul. All we need is a Spectre movie or a decent Green Lantern cameo to reignite some interest in an under appreciated character. GA Spectre More Fun's rival many of the Tec/Timely covers we all drool over. As much as I like the Flash I'm hard pressed to find many issues that are worth collecting unless its a grail like SC#22 or just a good cover. Lord knows I love The Flash as much as the next fellow, but even I can't give him credit for SC 22. Link to comment Share on other sites More sharing options...
FlyingDonut Posted May 12, 2011 Share Posted May 12, 2011 Bottom line on this sale: Mark's paying for lunch. (thumbs u Link to comment Share on other sites More sharing options...
ComicConnect.com Posted May 12, 2011 Share Posted May 12, 2011 Great sale Mark! It was a pleasure. As for the buyer, I couldn't have hand-picked a better guy. This book will be off the market for years. He's a big fan and this is a perfect investment for him. Link to comment Share on other sites More sharing options...
