« Home | Family in northern Ireland open specialty store » | More about Flash actor Ezra Miller's awful behavior » | 60 years to Spider-Man's creation, and the history... » | New Delhi's specialty stores » | Veteran writer in Albany creates anti-hero » | Predictably, Marvel studios indicates they'll go t... » | Athol library prepares gathering for indie creators » | Netflix cancels Grendel adaptation » | Anime News Network forum moderators enforcing PC i... » | Fishy article about romance comics from John Hopki... » 

Tuesday, October 04, 2022 

More about the speculator market

ArtNet News is telling more about what's been sold round and round on the speculator market, which consists mainly of pamphlets from the most classic series, in another example of what's become a very unimpressive form of hobby that doesn't make a good substitute for entertainment value and readership. The following is very eyebrow raising:
Just last month, the so-called “Rocket Copy” of Action Comics No. 1, which introduced the world to Superman, changed hands for an astonishing $3.4 million in a private deal brokered by collectibles marketplace Goldin.

That comes just months after the same comic sold for a record $3.2 million at Dallas’s Heritage Auctions in January (to a buyer who clearly wasted no time flipping the high-profile acquisition).
So if I can understand this correctly, the very same copy gets sold to one buyer after another, and the previous owner's not particularly interested in keeping it around in his collections for years, but rather, selling it again as soon as possible to another investor? Well, that should say all you need to know this whole buy-and-trade habit is a farce. It's not money that should matter, it's entertainment value that should. And even then, these would-be investors seem more interested in seeing how much more they can sell these vintage copies for, which appears to be at least $200,000 extra in the above example of an exchange.
“When you look at the cover of this comic and see Superman lifting a car, you feel a little bit like a superhero yourself,” Ken Goldin, the company’s founder and executive chairman, said in a statement. “That’s why superheroes were invented, to inspire people to be the best versions of themselves.”
Well I honestly don't see how buying a comic only to sell it again to other speculators soon after, rather than read it for the story inside, is being the best version of yourself. Or setting a great example. And if you take a look under a magnifying glass at modern storytelling, it doesn't inspire to be the best at all. The industry today's been reduced to a politicized mess. Sadly, none of this is bound to mean anything to speculators.

Labels: , , , , , , ,

About me

  • I'm Avi Green
  • From Jerusalem, Israel
  • I was born in Pennsylvania in 1974, and moved to Israel in 1983. I also enjoyed reading a lot of comics when I was young, the first being Fantastic Four. I maintain a strong belief in the public's right to knowledge and accuracy in facts. I like to think of myself as a conservative-style version of Clark Kent. I don't expect to be perfect at the job, but I do my best.
My profile

Archives

Links

  • avigreen2002@yahoo.com
  • Fansites I Created

  • Hawkfan
  • The Greatest Thing on Earth!
  • The Outer Observatory
  • Earth's Mightiest Heroines
  • The Co-Stars Primer
  • Realtime Website Traffic

    Comic book websites (open menu)

    Comic book weblogs (open menu)

    Writers and Artists (open menu)

    Video commentators (open menu)

    Miscellanous links (open menu)

  • W3 Counter stats
  • Click here to see website statistics
  • blog directory Bloggeries Blog Directory Entertainment Blogs
    Entertainment blog View My Stats Blog Directory & Search engine eXTReMe Tracker Locations of visitors to this page  
    Flag Counter Website Audience by Country
    free counter

    This page is powered by Blogger. Isn't yours?

    make money online blogger templates

Older Posts Newer Posts

The Four Color Media Monitor is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.