A few days ago we wrote about and compared the price and increase in value of Taxi Medallions to domain names.
Today I read a story about another commodity-collectable that sold originally for just a few dollars that fetched over $3,500,000 at auction.
Foxnews.com tells the story about a recent auction of Comic Books selling for a total of $3.5 Million dollars.
Needless to say the original price of these comic books were under $10.
“A 1939 copy of Detective Comics No. 27 that features the debut of Batman got the top bid at the New York City auction Wednesday.”
“It sold for about $523,000”
“The bulk of a man’s childhood comic book collection that included many of the most prized issues ever published has sold for about $3.5 million.”
“Action Comics No. 1, a 1938 issue featuring the first appearance of Superman, sold for about $299,000.”
“Batman No. 1 from 1940 sold for about $275,000.”
The comic books were sold by relatives of the original buyer how died in 1994.
“Relatives found the 345 well-preserved comics he bought as a child while cleaning out his wife’s Virginia home following her death last February.”
Something rare will increase in value.
If you believe like we do that domain names are going to be needed in a world that is more Internet based everyday, there value will continue to rise as well.