The Eight Rules for collecting...

Happy Thanksgiving, Friends! I can't believe it's already the end of 2010 and here comes 2011.

Came across this interesting article from cnbc.com that talks about the "Eight rules to remember about memorabilia". While original comic book art might not exactly fit into the category of memorabilia, many of these "rules" may apply to those of us that collect original comic book art, especially if you are treating the original art as an investment. Regardless lessons can be learned if you are in it strictly for the love of the art, too!

1. Don't fall in love with your investments.
This is especially true if you are treating your artwork like an investment. However, it's probably exactly the opposite if you are a collector. But I always remind those new to collecting art to love what you want to buy and buy it because you love it, not because it will go up in value.

2. Go with the tried and the true.
There probably is truth to this if you are investing as the more people that the art may appeal to, then it may be easier to sell/trade it later on. However, that doesn't mean you should completely skip stuff not mainstream. Again, acquire pieces that appeal to you individually, that has meaning to you. Then again, if it's not mainstream, good chance it will be easier to acquire and maybe at a price point that fits your budget. It could also increase in value later on.

3. The law of supply and demand is in effect.
While all original art is one of a kind, "supply and demand" still does come into play esp if an artist is more prolific in getting out quality pieces. Take for instance Jim Lee. Does he ever stop drawing or sketching for his fans?? There is a lot of his art out there but does his demand ever really slow down? Perhaps it may fluctuate some over the course of a year but his stuff is still very sought after.

4. To get top dollar, it has to be pristine or museum quality.
Perhaps in theory, but again all original art is one of a kind. Buy it if it appeals to you. Will that older Neal Adams, John Byrne, Dave Cockrum or Jim Lee Uncanny X-Men cover art that has yellowed over time be worth less than a pristine white cover from a current issue of X-Men?

5. The market is fragmented.
There is truth to this in that big auction houses are not the only game in town. eBay, comic book conventions, smaller auction houses, other collectors, art dealers, even some comic book shops have come into the game and make art more widely available.

6. No matter whom you deal with, make sure they are reputable.
This is so important and I can't emphasize this item more. There are many dealers that are flaky, unreliable, and often try to get the best out of any deal. Trust me, I have met quite a few and have had unsuccessful transactions which have not been fun to sort out. Find fellow collectors that you can trust, meet them in person at conventions, talk to dealers at shows and on the phone, etc. While email, websites and the internet make things easier, don't think you are exempt from getting scammed just because you have their email address. Making a few friends in the hobby will go a long way, in comparing experiences, sharing stories, and getting tips on best ways to make sure you don't get cheated. Great to have a knowledgeable friend who can help you value a piece of art you want to get. :)

7. Prices fluctuate.
Yes they do. This then leads us to the question, what exactly is current market value? Is this solely based on sales numbers within the past 3-6 months for equivalent pieces? Related to trends for similar artists/art from the past years? What the seller wants to sell it for? All of the above and or none of the above? :)

8. There's no accepting for taste.
Great point. What I may collect does not mean everyone loves it. Stick to things you enjoy if you are collecting. If you are in it for investing, go with mainstream and things that you think would appeal to most others if you want to later move that piece. The more obscure may be more difficult to move.


I'd love to hear your feedback and opinions on what you think are your rules for collecting original comic book art.

Here's a link to the CNBC article.

New York Times article on Collecting Original Comic Book Art

Taken from June 30, 2008, New York Times article, "From Trash to Auction, Faster Than a Speeding.. Well You Know".


Comic-book collectors like their numbers. They know that the first issue of X-Men, which introduced Marvel’s mutant superheroes, was published in 1963 and had a cover price of 12 cents. They also know that today a copy of that issue, in near mint condition, is worth $16,500. (Parents, take note.)

And while the market for back issues is well established, more and more collectors are turning their attention to the hand-drawn covers and interior pages that make up a comic book. This original art has become the focus of auctions with sales in the five and six figures. It’s a surprising turn of events for work that in the early days of the industry, was considered so unimportant that it was used to sop up ink or spilled coffee, given away to fans or even destroyed outright.

The art eventually stopped being discarded, and in the 1970s it generally became policy to return the covers and pages to the artists, many of whom began selling it to fans and collectors, who are hungry for it. Last month the cover of Weird Science No. 16, from 1952, drawn by Wally Wood, sold for $200,000. In February an inside black-and-white page from the 1963 X-Men No. 1, by the influential Jack Kirby, sold for $33,460. Late last year two color paintings by Alex Ross, used as covers for a recent Justice League story, were sold by his art dealer for $45,000 and $50,000. In 2005 an auction for the black-and-white cover of Batman No. 11, from 1942, by Fred Ray and Jerry Robinson, closed at $195,500. (read more)

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Read the rest of this New York Times article here.
http://www.nytimes.com/2008/06/30/arts/design/30comi.html?_r=1&oref=slogin

The cover to Uncanny X-Men 138

Google'd more Byrne/Austin original comic book artwork and noticed that the original cover artwork to Uncanny X-Men 138 sold for $37,375.00 October 14, 2005.

Fortunately (or unfortunately), the Toy's R Us advertisement at the top of the cover really is part of my memory when I think about that cover, other than of course the image of Cyclops walking away from the X-Men with a bag slung over his shoulder. So when I see this original artwork with the banner ad at the top, it looks to me like something is missing. Regardless, this is a classic cover image. Easily one of the best and or most memorable covers in comic book history. Ok, maybe the cover to Uncanny X-Men 137 is more memorable with Phoenix and Cyclops battling on the moon. And then there is the Incredible Hulk 340 cover.. Or the cover to Daredevil 181.. Or the cover to The New Teen Titans 1... Or any number of Neal Adams Green Lantern covers... Animal Man covers stick in my head too... The Wolverine mini-series covers by Frank Miller... I also have a couple Batman covers that stick in my head too.

How to get the most for your collectibles.

Happy Holidays from 11by17.com

I've recently come across a nice article on some strategy for getting the most for your collectibles. You can read more about this MarketWatch.com article here.

Rare Honus Wagner T206 sold $2.8 million

The Mona Lisa of baseball cards, the mint and super rare 1909 Honus Wagner card, sold last week to an unidentified collector for a cool $2.8 million dollars.

Just had to share this on the blog. And I thought the collectible market as an investment vehicle wasn't doing that great, but I guess there still are people out there that collect baseball cards for more than a hobby. With real estate price investments fluctuating and or declining for the past few years, I think people are looking to broaden their portfolio from the traditional set of investment vehicles (ie. real estate, stocks, mutual funds, etc). Maybe that will pump more excitement and cash into the collectible area (memorabilia, comics, sport cards, etc) and further spur more movement of higher end collectibles.

Collect original comic book art as a hobby.

Original comic book art as a hobby and investment vehicle is alive and kicking! Maybe that's an understatement. Due to economic instability and other usually stable investments going through a rough time, seems like people are starting to look at alternative places to put their money. And why not.

Comic books are starting to be accepted as more than just for geeks. The revenue generated from comic book movies is staggering. 5-10 years ago, comic book movies were risky and usually very poorly made. Remember seeing Arnold as Mr Freeze? Remember Christopher Reeves in Superman 1, 2 or 3. Were there more? Now, people are lining up to see costumed heroes on the big screen, such as the X-Men movies, Spider-Man movies, Fantastic Four movies (with Jessica Alba!!), the new grittier Batman, the new sophisticated and action-less Superman, etc. People want to buy into the merchandising around the characters. And if you are reading this, then I'll assume you are also into original comic book art and want in, on either getting a small piece of this franchise, trying to buy back your childhood or some fond memories, or maybe speculating on the next big investment. But you aren't alone if you think original comic book art is going to only grow in popularity. There is a lot of money moving around in original comic book art.

Original comic book art has been sold and bought on eBay for many many years now. Before internet dealers were selling and buying art, most low-tech dealers (things never change) advertised at cons, through word of mouth or in comics buyer guides. I bought my first piece off eBay back when it still wasn't too cool to be associated with comics, unless you enjoyed hanging out with other nerds including some of those that you see in costume at your local comic book con. I admit, I never dressed up, but I did geek out at a few of those cons. Back in the day, I've met some of my "hero" artists back. Only within the past 10 years or so, I started to get more into collecting art. I guess I liked comics but found that everyone also collected them, and it just seemed too mainstream. I wanted something more "one-of-a-kind".. I saw a few pieces of colored art, and instantly said I want that. My collection grew quickly.

I think I quickly realized that it was becoming a habit, almost a bad habit, to grow my collection. Then I started to understand that it would be wise to only grow the things I really enjoy and really wanted to keep. Otherwise, what was the point of just buying and hoarding. Buy, enjoy and share.

Anyways, this post is getting long and rant-like, but just wanted to quickly share a story on how my passion for collecting original art came from, some thoughts on the hobby, and confirm that I too think it is still growing.