| Awhile back, Nicolas Cage sold his comic book | | | | Here are a four tips you can learn from Nick, even if |
| collection for $1.68 million. That's right $1.68 million!!! | | | | you don't have a million dollars laying around to play |
| And yes, that Nicholas Cage!This article lays out 4 | | | | with...(1) Invest in proven,, low-risk comic books. He |
| secrets to his success that hardly anyone knew | | | | invested rare, old comics in great condition that have |
| about -- but could do -- even if they didn't have a | | | | have a proven track record of being high demand |
| million bucks laying around.For those living in a cave, | | | | and whose value has risen steadily, though slowly |
| Nicolas Cage is an actor and producer whose movies | | | | over the years. Nobody can question his decision to |
| have raked in a billion dollars. He's a versatile actor | | | | invest in Action #1, Amazing Fantasy #15 or X-Men |
| and his movies appeal to everyone. He has been in | | | | #1.(2) Condition, condition, condition. He also bought |
| action, drama, and comedy flicks. He has a number of | | | | them in the best condition possible. The lesson here |
| film starring roles to his credit. Including: Windtalkers, | | | | continues to be to invest in comics in the best |
| Gone In Sixty Seconds, The Rock, Con-Air (my | | | | condition you can find, that have proven in-demand |
| personal favorite!!!) just to name a few.And he is a | | | | track records. He specialized in what he knows about |
| comic collector. And a very shrewd one....who not so | | | | -- not what he doesn't know about. As you look at |
| long ago made a lot of money selling his collection. | | | | the comics described earlier, 95% of the comics Nick |
| Among the highlights of the collection that Nicolas | | | | sold were first issues.(3) Specialization. In all of his |
| Cage sold was a 1940 Detective #38 comic that | | | | collecting, -- whether comics, coins or cars -- Nick |
| featured the debut of Robin, for $120,750 over a | | | | specializes in first editions. He's researched first issues |
| price guide list of $45,000. A 1940 Mile High Copy of | | | | and he personally likes being or having the first of |
| All-Star #3 featuring the first Justice Society of | | | | anything he deals with.(4) Re-invest...but in what you |
| America sold for $126,500 against a value of $45,000. | | | | know. It has been reported that he will take some of |
| It included Action Comics #1 (first Superman from | | | | the profits that he's made from his $1.68 million sale in |
| 1938) which sold at $86,250.It also included the | | | | re-invest them in first editions of comics from the |
| Allentown copy of Detective #33, as well as the Mile | | | | 1970s & 1980s because he believes these will be the |
| High Adventure Comics #48, the first appearance of | | | | hot areas for comic investors in the next few years. |
| Hourman, and Captain America Comics #1. So clearly | | | | If this is true, it does look like he's willing to take |
| his collection included a treasure-trove for any | | | | more risks now, and will be looking to re-invest in |
| collector of high-quality Golden Age material.However, | | | | some "undiscovered treasures" but will still stick with |
| Silver Age material was also well-represented. He also | | | | what he knows -- which is first editions. He sold as |
| sold his personal copies of Amazing Fantasy #15, | | | | soon as he was able to profit. It has been reported |
| featuring Spider-Man's first appearance, Brave and | | | | that Nick made a net profit of $615,000 from this |
| the Bold #28, which introduces the Justice League of | | | | collection -- based on his original investment and what |
| America, Fantastic Four #1, Green Lantern #1, and | | | | he paid the auction companies.Could he have made |
| X-Men #1, among a total of 141 comics he sold.Nick | | | | more by waiting for the economy to improve and |
| reportedly made the decision to sell his collection | | | | for prices to go up higher? Sure. But he cashed in as |
| after watching the market and deciding to when he | | | | soon as he could make a good profit...and he didn't |
| wanted to sell. Indeed. Now that this collection has | | | | look back. Good rules for anyone looking to make |
| changed hands, Cage plans to move into other areas | | | | money from their comic collection...even if you don't |
| of collecting, and he has a nice nest egg to bankroll | | | | have a million dollars to play with. |
| that move.What you can learn from Nicolas Cage? | | | | |