Comic Book Industry is Alive and Well

I recently researched the comic book industry and was somewhat surprised to learn that they still are quite popular. Growing up I read my fair share of Archie and Veronica, and later the Classic Comics—adaptations of literary classics such as The Count of Monte Cristo.  But it’s the superhero comics that are the most popular today, thanks to the movies. The success of comic books as films and television shows created a new market for comic books: not the actual comic book itself, rather the intellectual property rights to products, theme parks, and movie franchises.[1]

The comic book industry has shown steady strength throughout the decades but definitely has had its ups and downs. Currently, according to Diamond Comic Distributors, Inc., during the period November 2016 through November 2017, sales of comic books and graphic novels decreased by 9.72%.[2]

The auction market for comic books is alive and well, and eBay may become a bigger player in the market. In 2014, Darren Adams of Pristine Comics sold an original Superman comic on eBay for $3.2 million, making it the most expensive comic book ever sold.  Instead of selling the comic book at one of the major industry auction houses, Adams opted to sell it on eBay in order to reach a wider audience.[3] Gene Cook, General Manager of Emerging Verticals for eBay Marketplaces states: “This was a record auction for eBay as it was the most expensive comic book ever sold in our marketplace.”[4]

I just placed a bid on eBay for a couple of Classic Comics—Lady of the Lake and Ivanhoe.  I’m looking forward to reliving a bit of my childhood!

[1] Jonathan V. Last. “The Crash of 1993.” The Weekly Standard. June 13, 2011.

[2] https://www.diamondcomics.com/Home/1/1/3/237?articleID=203773

[3] Michael Cavna. “Rare Superman book draws record $3.2 million top bid..” The Washington Post. August 22, 2014. http://tinyurl.com/y7ayffvo

[4] “The First Superman Comic Sells for a Record $3.2M on eBay.” Ebay. August 24, 2014. http://bit.ly/2B4AiCi

IndustryJan Davis1 Comment