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Wait... the Church Flash 1 just sold for $450k?

Started by markseifert,

134 posts in this topic

PokerKid

PokerKid

Posted
Posted

I didn't know it until a couple hours ago when the new Collector eNewsletter arrived. Missed being the most expensive comic ever sold by a couple of weeks.

 

Example of Flash Comics #1 Sold for $450,000

by Heritage Galleries

Six-Figure Profit for Seller Through New Heritage Service

 

(Dallas, Texas) -- A pristine condition copy of Flash Comics #1 sold privately for $450,000 on March 12, 2010 through an efficient new service designed to unite successful bidders from earlier auctions with eager new buyers, according to Heritage Auctions of Dallas, Texas.

 

The seller had originally obtained it for $273,125 in a January 2006 Heritage auction, and the buyer initiated this latest purchase directly through the new "Make Offer to Owner" (MOtO) feature available in Heritage's Permanent Auction Archive at HA.com.

 

"This is the finest known copy of the 1940 DC Comics first appearance of the Flash and Hawkman," said Ed Jaster, Vice President of Heritage Auctions. "It's graded by CGC as Near Mint Plus 9.6, and it was part of the famous Edgar Church 'Mile High' Collection, universally considered the finest comic book collection of all-time."

 

Names of the buyer and seller were not released.

 

"The offer to purchase Flash #1 reached Heritage through MOtO, a new feature still in Beta test mode on our web site," said Greg Rohan, President of Heritage Auctions.

 

"Any Heritage member who sees an auction lot from a past Heritage auction can anonymously offer the owner a profit through the MOtO feature," said Rohan. "Owners can set a fixed price minimum, or opt out completely from receiving offers. In this case, the owner couldn't resist this very fair offer for a six-figure profit after four years. He plans to use the money to purchase other items for his comic book collection."

 

"Since this is, by far, the finest known copy of Flash #1, one of the 10 most valuable comic book issues, the buyer recognized this as a unique opportunity," said Jaster. "We created MoTO with this sort of unique item in mind. We'd often hear from collectors who are new to the hobby or are expanding into another area of collectibles and were frustrated because items they'd like to own were previously sold years earlier. With this new service, many of those top items may be available now as long as the buyer is willing to pay a fair price."

 

The Make Offer to Owner feature also is available for other Heritage auction areas, such as coins, stamps, sports memorabilia, natural history, jewelry and art.

 

Heritage holds the record for selling the world's most valuable comic book, $1,075,500 for Detective Comics #27 with the first appearance of Batman, in the recent $5.6 million February 2010 auction, which broke Heritage's own Guinness World's Record for the all-time most valuable comic book auction.

 

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world's third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

 

Want to get the up-to-the-minute updates and breaking news stories about Heritage Auctions? Get them as they happen at: Twitter.com/HeritagePress; Twitter.com/JimHalperin; Facebook: Heritage Auction Galleries. To view a compete archive of Heritage press releases go to: HA.com/PR. To link to this press release on your blog or Website: HA.com/PR-1806.

 

######

 

media contact

Noah Fleisher

Heritage Auction Galleries

www.HA.com

 

3500 Maple Avenue, 17th Floor

Dallas, TX 75219

1-800-872-6467 x 1143

NoahF@HA.com

 

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Bronty

Bronty

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Posted

well I always thought that was a great and underrated book... 9.6 double first appearance and really with what I always thought was DCs coolest character (supes and bats possibly excepted)... all adds up to a :cloud9:

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markseifert

markseifert

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Wow, great flip for whoever bought it in 2006. And further confirmation that JP really screwed up by selling too fast.

 

Just what I was thinking. If high end GA keeps this up for awhile, we're gonna start saying if he'd have held on a couple more years that might have turned out very differently.

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VintageComics

VintageComics

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Posted

This is amazing news!

 

Looks like those that are buying and selling too quick are getting a sharp rap on the knuckles. There seems to be some serious buyers back in the market...

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VintageComics

VintageComics

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Based on recent sales, I think the Flash #1 at 450K was a smart buy.

 

...and dare I say it....this makes the Marvel Pay Copy look like a bargain at $200K.

 

 

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tth2

tth2

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Posted
Based on recent sales, I think the Flash #1 at 450K was a smart buy.

 

...and dare I say it....this makes the Marvel Pay Copy look like a bargain at $200K.

 

I don`t think so, and the reason is that if a high grade-ish MC 1 sells for anything decent, a flood of other copies will right behind it.

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VintageComics

VintageComics

Posted
Posted
Based on recent sales, I think the Flash #1 at 450K was a smart buy.

 

...and dare I say it....this makes the Marvel Pay Copy look like a bargain at $200K.

 

I don`t think so, and the reason is that if a high grade-ish MC 1 sells for anything decent, a flood of other copies will right behind it.

 

Kill joy.

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VintageComics

VintageComics

Posted
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I've just noticed that many highest graded DC books have been selling really strong for the past few months.

 

I don't know about the Giants.

 

 

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1koko

1koko

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Posted
Based on recent sales, I think the Flash #1 at 450K was a smart buy.

 

...and dare I say it....this makes the Marvel Pay Copy look like a bargain at $200K.

 

I don`t think so, and the reason is that if a high grade-ish MC 1 sells for anything decent, a flood of other copies will right behind it.

 

unfortunately this is the illusion created by so many of the same copies coming up for auction time and time again.

 

More copies than Action #1 or Tec #27 but not that many more

 

Each has a highest grade not on census:

 

CGC:

Marvel 1

9.0 2

8.5 1

8.0 1

7.5 0

7.0 1

6.5 1

6.0 4

 

 

Action 1

9.0 0

8.5 1

8.0 1

7.5 1

7.0 0

6.5 2

6.0 1

 

 

Tec 27

9.0 0

8.5 0

8.0 2

7.5 1

7.0 1

6.5 2

6.0 1

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VintageComics

VintageComics

Posted
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George, a very good point.

 

Another thing that I have mentioned is the number of actual unrestored copies on the census.

 

Marvel #1 19 unrestored 28 restored total 47

Action #1 26 unrestored 16 restored total 43

Tec #27 22 unrestored 23 restored total 45

 

There are less unrestored MC #1 than the other 2!

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