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COMIC ART TRENDS PRICE GUIDE 2019

Patrick Bain, PhD GraceRock Media

COMIC ART TRENDS PRICE GUIDE 2019

Patrick Bain, PhD GraceRock Media

Copyright @2019 Patrick Bain All Rights Reserved

Images used by permission of Heritage Auctions, HA.com

All characters are the respective properties of rights holders such as DC , , Timely, Fawcett, Disney, Archie, Charlton, Dark Horse, First, etc.

This book does not constitute investment advice. The author has attempted to provide information in a complete manner with appropriate veracity but acknowledges the possibility of mistakes. Readers should consider multiple sources and apply due diligence before taking any investment related actions.

Dedicated to my brothers and sister Bob, Kelly, Jenny, and William It was never easy to buy me a comic I didn’t already have, too bad I didn’t think to ask for original art.

Just kidding, having a great family was the gift!

Introduction Robert M. Overstreet provided fandom with an amazing tool when he introduced The Overstreet Comic Book Price Guide in 1970. In one place, comic book enthusiasts and investors found nearly every comic book produced. With each listing, there was a price for that issue in a range of conditions. From those prices, a collector could reasonably determine the retail value of his collection as well as an estimate of what it might cost to obtain precious missing issues.

During the decades since its introduction, Overstreet’s price guide has undergone many changes. The changes reflect the marketing success and hobby acceptance of his guides. Each year, The Overstreet Comic Book Price Guide details more data on more comics with more analysis, while doing it with an attractive format and excellent cover art. His guides reflect changes in the market and have even evolved to better capture the relative value of different grades of the same title and issue.

Without a doubt, the health of the entire comic book industry has been enhanced by Robert Overstreet’s contribution.

The Comic Art Trends (CAT) Price Guide does not cast the same grand . However, I believe there is a niche within the comic book industry for better documentation of original comic art sales. Further, serious collectors can benefit from observations and data analysis of trends in the original comic art market. The CAT Price Guide targets investors and experienced collectors, but I think it will also appeal to the generation of potential comic art buyers that use allowance money to purchase comics today.

I recall as a ten-year-old when my dad bought the 1974 edition of the Overstreet Comic Book Price Guide featuring a painting of the Society of America. My dad didn’t discourage us from looking at the guide, but he said we wouldn’t be interested in it because it wasn’t a comic book. It turned out he was completely wrong. I found it fascinating and educational.

The artwork described and documented in the CAT Price Guide will similarly inspire hobbyists of all ages as well as presenting information conducive to the entry of new investors now and tomorrow. I hope you will not only find information in the CAT Price Guide that will help you when buying and selling comic art, but also that you will find the information in this guide entertaining as well.

This is just the beginning for the Comic Art Trends Price Guide. The vision is to make the CAT Price Guide an annual resource with current data and timely analysis each year. Additionally, new artists and sources of data will be added to better represent the entire original comic art market.

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Contents

The Comic Art Trends Price Guide compiles and summarizes actual sales information for original published comic book art from selected artists. Presently, the collected information is from sales of art through Heritage Auctions. Eventually, other sources of data will be combined with the data in this guide to provide an even better survey of sales data for the original comic art industry.

The summarized data is organized by (1) artist name, (2) comic book series title, and (3) date of sale. Each entry includes the issue number, page number, publication date, sales date, sales price, and commentary specific to the art. Additionally, each page of art is identified by a CAT Scale score objectively categorizing the page based on the type of art and content of the page.

When data is available for multiple sales of a particular page of art, a Compounded Growth Rate (CGR) is calculated as an indication of the investment return on that page of art. The following formula is used:

CGR = [(Ending Value / Beginning Value)^(12 / # of months) ] – 1 (reported as %)

For less than 12 months, CGR can still be calculated but may not be as useful as a measure. For example, 55 page 3 by Aparo sold for $2,629 in May ’18 but only sold for $2,160 in September ’18. Over the four month period, CGR is -44.5%. The actual loss was 18%. The person who purchased in May and sold in September (hopefully) will not continue that pattern and lose 44% over the course of 12 months. Likewise, had the person pocketed an 18% gain, they no longer own the art so they would not end up with a 44% gain for the year.

As an extreme illustration, art from The 38 sold as a group in May 2009 for an average price of $143. A page from that group sold one month later for $418. The CGR comes to 38,912,000% for that one month! In this case, a more reasonable measure is

Net gain = (Ending Value / Beginning Value) – 1 (percentage)

With that approach, the investor still had a healthy 192% gain. In spite of this oddity, the CGR column will list the CGR calculation for consistency except where specifically noted.

My view is that multiple sales within a twelve-month period should be viewed by an investor as a single sale with an average price. I believe that strategy better represents the market and is more useful for comparison.

For each artist, additional information is supplied. Beyond identifying sales information, summary statistics have been calculated by year for each artist’s works. A discussion is included for relevant sales data during that year. Also, graphs are included to help recognize trends for the artist.

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Heritage Auctions, HA.com has graciously given permission to use their images to illustrate the price guide. Images for each artist are included, highlighting some of their most important and interesting works. The images also serve to illustrate the CAT Scale grading system.

More details explaining information in the CAT Price Guide are described below. The following artists are included in the 2019 guide.

Artists featured in the CAT Price Guide Jose Luis Garcia-Lopez Murphy Anderson1 Joe Giella2 Tom Palmer2 Dick Giordano1 George Perez Jim Aparo Gordon Purcell Fred Ray (Chua) John Romita, Sr. Jim Lee Joe Sinnott2 Dick Dillin Todd McFarlane 1 Limited Pencil art plus 50 sales as 2 Top 50 sales as inker only

How to Read the Guide Brave and the Bold (DC) featuring Pub Sold Issue Page Price CGR Comment Src Date Date 84 5 1969 R3 Nov-18 2,880 Sgt Rock HA 83 17 1969 R1 Sep-18 1,680 HA 83 12 1969 R2 Aug-18 3,120 7.5 HA 93 15 1970 R7 Aug-18 13,200 HA 79 13 1968 R7 Nov-15 4,780 8.8 HA 80 13 1968 R5 Nov-15 4,780 Creeper HA 86 4 1969 R7 Aug-13 5,079 32.4 HA 102 16 1972 R4 Aug-13 1,912 Teen Titans HA 79 12 1968 R6 Jul-12 4,183 6.3 Deadman HA 81 16 1968 R4 Jul-12 2,032 HA 86 4 1969 R7 Nov-11 3,107 % HA 79 18 1968 R6 May-08 1,673 11.3 Deadman, last panel is stat HA 80 C 1968 C6 May-08 11,353 -22.9 Creeper HA 79 3 1968 R5 May-06 1,135 -43.6 HA 79 12 1968 R5 May-06 2,868 % Deadman HA 79 13 1968 R5 May-06 2,151 % Deadman HA 80 C 1968 C6 May-06 19,120 % Creeper HA

Each page of art, cover or interior, may be uniquely identified by the combination of Title, Issue Number, Page Number, and Publication Date (Note 1). Only published pages

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are included in the database. Only pages with a sales price greater than $100 are included in the CAT Price Guide. However, lower priced pages are included in the database and used for calculations and summary statistics. Some listed lots sold as a group may have an average price below $100.

When multiple sales occur for a specific page, it is possible to compare the sales prices and calculate CGR (Compounded Growth Rate). The CGR is specified by a positive or negative percentage. When applicable, a % (percent sign) is used to show a page used in CGR calculations. CGR does not tell the whole story for the current market trends, but it is one useful point of data because it offers a direct comparison to the price change during a period. The formula for CGR is specified above.

The Publication Date indicates when the comic containing the art was published. The Sold Date indicates date of sale at auction. These two dates are both significant for different reasons.

Most artists appear to have a period during their careers when they produced their most desirable works. In the same way that pro athletes in their prime may enjoy their most productive years, certain artists have periods of peak skill and fan enthusiasm. Artwork from those special periods may enjoy greater demand when it becomes available without regard of when it went up for sale. In general, though, older artwork is more highly sought than newer art when other factors are similar.

Likewise, the Date Sold is significant because of natural economic factors such as inflation. Though demand fluctuates with both the economy and the whims of collectors, overall, more recently sold works cost a premium compared to prices paid for similar artwork in earlier decades.

The Comment column serves as a place to note important information about the art including contributors, featured characters, and reasons why a piece is iconic. The author desires reader feedback on the utility of the Comment column and suggestions for additional content.

Note 1: Some pages have been identified by their position in the story and other pages have been identified by their position in the comic book. Over time, the preferred option is to identify by story position.

CAT Grading Scale The CAT Scale index is a means of objectively identifying each page of art. It is intuitively obvious that Covers typically sell for more than Splash pages and Splash pages more than a typical Interior page. The index provides an objective means of categorizing pages, but also suggests an order of desirability among the different type of pages. The author welcomes the opinion of readers. Data will eventually confirm the proper breakdown of art categories.

The CAT Scale is described and illustrated extensively in the Comic Art Trends Price Guide Grading Companion. The Grading Companion may be obtained via free download from www.CATPriceGuide.com. For those that prefer reading paper copies, 4

the Comic Art Trends Price Guide Grading Companion is available for a reasonable price at Amazon.com.

The CAT Grading Scale is CONTENT based, rather than based on the condition of a page. The CAT score considers what characters are featured on the page and how much of the page is devoted to those characters. The mantra in Real Estate sales is “Location, Location, Location”! In terms of comic art, It’s Real Estate, Real Estate, Real Estate. The more of a page’s real estate that is devoted to the star characters, the better.

The table below summarizes the main attributes of the CAT grading scale. CAT Scale Index 15 Golden Iconic Cover 12 Golden Iconic Interior 10 Industry Recognized Landmark 9 Artist Iconic 8 Classic 7 Grade A Hero Superior 6 Grade A Hero Average 5 Grade A Hero (2/3) Grade B Hero Superior 4 Grade A Hero (1/3) Grade B Hero Average Grade A Villain 3 Grade A Hero (Cameo) Grade B Hero (2/3) Grade A Villain (1/2) Grade C Hero Superior Grade B Villain 2 Significant Support Grade B Hero (1/3) Grade B Villain (1/2) characters/Secret Grade C Hero Average Grade C Villain Identities or partial Superior 1 Unnamed Characters, Cameos by Grade B Less popular heroes forgotten Characters, heroes/Grade A Villains and villains with minor appearance

15 – Golden Iconic Cover – reserved for the absolute most significant comics in history. 12 – Golden Iconic Interior – reserved for the interior pages of the most significant comics. 10 – Industry Recognized Landmark – Silver age #1s, 1st appearances of major characters, major transformation books 9 – Artist Iconic – important works by significant artists that do not qualify as industry landmarks. 8 – Classic – art that features classic battles between heroes such as and Thing or spectacular splash pages featuring nearly every hero in the DC or Marvel universes. Pages from featuring the most popular heroes of today may also receive a ‘classic’ grade. 7 – Superior Grade A Hero – amazing pages that feature the legendary heroes of the comic book industry: , Batman, , Spider-Man. The X-Men are the only Grade A Team.

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6 – Average Grade A Hero – pages prominently featuring Grade A heroes but not in a superior fashion. 5 – Superior Grade B Hero – action-packed pages featuring major heroes of the DC and Marvel Universes that are not Grade A. Teams such as the , Four, and the are Grade B teams. 4 – Grade A Villains – superior pages prominently featuring the most enduring villains such as , , Magneto, and Doctor Doom. 3 – Superior Grade C Hero – Independent publisher heroes and less significant DC and Marvel heroes. Newer and less significant teams are Grade C. 2 – Secret Identities and Supporting Characters – major characters have a well-known cast of supporting characters that are also of interest to collectors. Heroes can’t always be in costume. 1 – Forgotten characters and uncredited extras – pages that do not feature recognizable characters receive the lowest grade.

The Scale is affected by the percentage of the page devoted to the characters on the page. The amount of the page devoted to Batman affects the score according to the grades in the table. For example, a page featuring Batman on 2/3 of the panels would score CAT 5 and a cameo appearance only CAT 3. Lesser heroes and villains also the page’s interest depending on how many panels feature those characters.

Certain factors can add to the CAT Scale score. I call those Plus Ones. Typically, Plus Ones are given for significant artists who are drawing characters special to that artist. A Grade B character such as gets a Plus One when drawn by Neal Adams because of the significance in the comic book industry of the Green Lantern/Green series of the 1970s. Plus Ones can also apply to Grade B teams when multiple characters are featured on the same page. The are more interesting when multiple team members are featured together in action. Plus Ones are not used on Grade A Characters, however they can be applied to interior pages of Landmark and Iconic comic books.

Not every artist has plus one characters. Not every character has a plus one artist. Plus One information is stated in the introduction to each artist’s works. Also, review the Comic Art Trends Price Guide Grading Companion for the complete current list. Because the concept of plus one characters/artists MAY be subjective, please contact the author to make your suggestions and arguments for additional plus ones.

The history of the grading scheme can also be found in the Grading Companion. The scale has been thoroughly thought out and gone through multiple iterations. However, I present the scale not as Gospel but rather as a means to compare what is not easily comparable. By definition, original art is unique and therefore there is no true comparison except when the same page is sold more than once. However, I have presented the scale in an objective manner and sought to apply it with as much objectivity as possible. Where you may find inconsistencies in my grading whether typographical errors or human imperfection, please contact me to correct or advise.

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Batman Sketch © Neal Adams ($4,063) Batman: Stacked Cards © Power Records Brave and the Bold 85 Unpublished ($31,170) art by Neal Adams © DC ($4,183)

Marvel Two-In-One Annual 2 Color Amazing Spider-Man 100 Recreation by John Absolute Dark Knight book cover by Guide © Marvel ($896) Romita, Sr. © Marvel ($77,675) Frank Miler © DC ($21,510)

Wolverine and the X-Men 4 by Mark Calvin & Hobbes (10-19-1986) by Bill Watterson © Wizard the Comics Magazine 81 by Brooks – Inks over blue line (used in Universal Press Syndicate ($203,150) George Perez © Wizard ($3,346) production – eligible for inclusion) ($1,434) Examples of artwork excluded from the CAT Price Guide All images used by permission of Heritage Auctions, HA.com

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What Original Comic Art is Excluded? The Comic Art Trends Price Guide intentionally limits its scope to only published original comic book art. The following types of art are NOT included.

• Illustrations and sketches • Record comics and other promotional art including calendar art • Promotional and giveaway comics • Alternative, unpublished art • Color guides, color proofs and production art/Xeroxes • Re-creation art • Preliminary pencil sketches/storyboards not used for production even if part of an artist’s personal development process • Newspaper art • Art for comic books published outside the of America • Covers for novels, reprints, and hard cover compilation books • Art for and popular magazines • Original art inks on blue line prints NOT used in the production of comic books

All the above types of art are immensely collectable as evidenced by the realized prices at auction. For example, the cover of the Batman: Stacked Cards record comic book sold for over $31,000. John Romita’s recreation of his classic Spider-Man 100 cover fetched $77,675 in 2011. ’s Gordon sparked childhood imagination causing Sunday pages to sell well above $100K. Likewise, Bill Watterson and Charles Schulz’s imaginations about childhood have produced newspaper strips easily surpassing $100K at auction.

The primary reason for limiting the scope of the CAT Price Guide is because the universe of collectable comic art is too big to capture in one guide. I would gladly add the art described to my collection, but here are the reasons for excluding them from this guide:

• Illustrations and sketches are impossible to uniquely identify. • Unpublished covers and pages cannot be verified or dated against a published standard. • Promotional and giveaway comics are often illustrated by studio artists. Mis- attributed artists are a major issue for the CAT Price Guide and investors who may pay thousands for art that simply looks like it was done by a master. • Color guides and production proofs from the seventies and earlier should be highly sought due to technology changes and the rarity of early production materials, but they fall outside of the intent of the CAT Price Guide. • Re-Creation art is a great alternative for people that can’t afford an original Michelangelo or Da Vinci, but re-creations are ultimately unpublished illustrations. • For the present, newspaper art, foreign comic art, cover art to novels, trade paperbacks, and fanzines are excluded. In the future, art from comics and TPBs identified in the Overstreet Price Guide may be included. • Blue line inks used in production ARE INCLUDED, but digital art inked after the fact is EXCLUDED.

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The first objective of the Comic Art Trends Price Guide is to identify, organize, and categorize original comic art. The limited scope described helps to accomplish that purpose. Published comic art follows conventions and regular practices that make it easier to uniquely specify a piece of art. Conventional forms of visual storytelling break pages into panels suggesting an objective standard to compare two pages of art. The fact that modern comics typically identify artists serves a great purpose for organization and validation of the artists in greatest demand.

The second objective of the CAT Price Guide is even more dependent on limited scope. The statistical analysis and summary information provided by the guide is most useful when differentiators are in place. For example, is the page a cover, splash page or interior art? When was the art produced and by whom? Not all covers are created equal, so the statistics should (where possible) reflect the various grades created to describe the art. Limiting the scope is a necessary evil for reasonable statistical differentiation.

Advances in modern technology present other challenges for comic art buyers. In days past an artist used pencils and paper to layout the art. Then, those pages might be mailed or delivered to another artist who applied India ink to finish the page. By virtue of the process, a piece of original art used for production was unique. But the process was time consuming and labor intensive.

Computer technology is making that process outdated. The pencil artist may be using a computer stylus rather than a piece of wood containing graphite. Even when using a pencil, that artist likely is scanning the art into a computer and using software to convert to a blue line rendering. The blue line can be rendered invisible for printing purposes, so it makes an excellent guide, especially when printed on nice clean paper, for the inker. The inker, if still using India ink, can then create an inks-only piece of original art that can be used for production purposes. Thus, newer original art for sale is often only original inks or original pencils, not both.

Some artists are creating both pencils and inks using computer software. In such cases, there is no actual original production artwork. However, as a source of revenue, artists can print blue line copies of the art and ink them by hand. Obviously, there is nothing other than personal integrity preventing those artists from creating several copies.

When an inked blue line piece of art is used in production, it will be considered for inclusion in the Comic Art Trends database. Over time, it will be obvious if these pieces of art are highly regarded by the collector’s market or not. Inked blue line art used in production still presents a dilemma for collectors. Obviously, the inker deserves his normal credit for the work done. However, is it appropriate to consider art that does not contain any original pencils as art by the pencil artist as well. This is a grey area, or perhaps, a blue line area that I desire feedback from the seller and buyer community for advice moving forward. Zillions: Buying Comic Art for Investment Zillions is a play on one of Richie Rich’s comic book titles… unfortunately, it likely won’t describe how much money that you will make buying and selling original comic

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art. That said, original comic art is a viable investment when treated similar to other investments.

Before going further, the Comic Art Trends Price Guide does NOT offer original art for sale. Nor does the author sell any original comic book art.

Let me also say that neither the author nor the Price Guide is making any statements about suitable investments for any individual nor does the author or Price Guide make any investment advice beyond general statements.

What are some considerations and questions?

Determine how much money you have for investment.

One important thing to consider: investment art is completely tailorable to the amount of money one has for investment. Several pieces of art described in this book sold for hundreds of thousands of dollars. A few pieces will likely top a million dollars if they make it to the market, BUT a guy with fifty bucks (or less) can even get a nice return on art as well. For example, 20 years ago I bought 5 assorted pages of Marvel art sight unseen for $35. The most miserable of the bunch would fetch $20 today easily. A few of the pages are comparable to art listed in this book that sold for a few hundred dollars.

The bottom line is that art is available for sale in nearly any price range, therefore, it is up to the individual to determine how much to spend on investment art.

How long must one hold a page of art to make a profit?

Like all investments, there is NO guarantee of a positive rate of return. For that matter, there is no guarantee that the investor will get anything for a page of art regardless of what he paid for it or how long it is held.

Since an object of art is only worth what someone is willing to pay, some pages of art may decrease in value over time if the artist or featured characters are forgotten. I have observed MANY examples of excellent pages of art that unfortunately sold for less than the prior purchase price. Almost always, that disappointment occurs when the art is resold too quickly, such as within two years.

See the CGR column in my tables for examples of resale prices on specific pages of art. The CGR column shows the Compounded Growth Rate. Most of the negative CGRs occur when there is a quick re-sale.

As a caution, it is apparent from prices of some Golden Age and comic strip art that not every page of art grows or even retains value over time. If characters are no longer actively published, it is difficult to maintain collector interest. To reiterate, it is possible for a page of art to be virtually worthless over time.

What art should I buy?

Many types of investment, such as a bond or tax lien, don’t carry much personal enjoyment beyond the expected rate of return and the use of that money at some time in the future. Art and other collectibles have an innate advantage over those investment

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vehicles. If the individual purchasing the art enjoys it then it may have sentimental value beyond what it can be sold for at auction.

If the investment art is by a favorite artist or features a favorite character, then enjoying the art goes beyond a future payout. In fact, even if the art becomes worthless, it still has value to the owner.

That said, there are some artists and characters that will have a greater likelihood of maintaining and increasing in monetary value compared to others in the industry.

The name of the artist plays a huge role in what people will pay for that art. People want to buy art by the top names in the field. This is true for comic art and fine art alike.

I’ve been to the Louvre. Most fine art looks the same to me… but I’ve heard of Da Vinci, Michelangelo, and Renoir. That alone makes their work more interesting. Comic art is the same—Kirby, Adams, and Miller, to mention a few, are names that people recognize.

Buying art by the top names in the industry is obviously one viable strategy. The stock market works on the same principle.

A more analytical strategy can be achieved from data in this book. By determining the CAT Scale score for a page of art, one can review similar art by the same artist. The numerical sales and trend data provided in the Comic Art Trends Price Guide may help when evaluating if a page of art may be a good purchase for long-term investment.

If you asked me what art I would buy, personally, I would start with what I enjoy.

Where may original comic art be purchased? In other words, where is the market?

Purchasing original comic art for investment is easy. Tons of places sell comic art: online, brick and mortar stores, auction houses, direct from the source (or their dealers), conventions, etc. For the purposes of this first edition, I recommend Heritage Auctions. Certainly, I encourage you to check out all the vendors who are supporting this project with their advertisements. Let them know you appreciate their help in getting the Comic Art Trends Price Guide into publication.

Bottomline, go looking for good deals!

Besides art in this book, what other art is good for investing?

This price guide specializes in published art used in comic book stories, but as previously mentioned, a wide variety of artwork is aesthetically pleasing as well as holding speculative value for future returns. Calendars, promotional comic art, convention sketches, and many more that I have excluded are interesting for collection and investment.

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My favorite artist is Neal Adams. If you enjoy his groundbreaking works, check out his website for sketches and original published art. Many artists have websites and other means to connect with them and purchase their works. I suggest finding your favorites and checking out their sites for original art of all kinds.

Final Word About Information and Data Contained in the Comic Art Trends Price Guide

Even though information is this book has been proofread multiple times, there are mistakes and will be mistakes. These mistakes can be from the source of data or from the transcription process. I have no doubt made grading mistakes as well. Use this information in the Comic Art Trends Price Guide as a starting point, idea shop, and sounding board, but do your own due diligence before purchasing or selling anything. The Comic Art Trends Price Guide is not liable in any way for mistakes in this book and nothing in this book should be construed to be investment advice. Comments made in this book are strictly the opinion of the author or various commentators or advertisers.

Your help can make the annual Comic Art Trends Price Guide editions more correct, more complete, and more conducive to providing the type of information collectors, investors, and hobbyists really need.

Thank you Artworkworld.com for stepping forward to partner with the Comic Art Trends Price Guide in the inaugural edition!

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Adams

Green Lantern 76 by Neal Adams (1970) © DC Comics [C10] Sold for $442,150.00 (2015) through Heritage Auctions. Neal Adams and Dennis O’Neil received praise for their thought-provoking GL/GA series. Image is used by permission of Heritage Auctions, HA.com.

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Adams

Neal Adams (1941 - ) 1st work in , major works at DC Comics, Marvel Comics, and . Characters most associated with Adams: Batman, Superman, Deadman, and Green Lantern/. Neal Adams was certainly the preeminent and most influential from the late sixties through the mid- seventies.

During 2018, 98 of Adams’ works were sold through Heritage Auctions. The auction lot selection was diverse. It included many pages of Power Record comic art, most featuring Batman or Star Trek. The cover of Batman: Stacked Cards sold for $31,070. Other Power Record interior art sold for much less, likely because it was attributed to Neal Adams studio and may or may not have featured his personal artwork. Numerous sketches and unpublished illustrations were sold featuring Superman, Batman, and the Spectre. A classic Superman pose illustration sold for $3,120. I have fond memories of the DC Calendars from the seventies, part of which sold in 2018. The back cover illustration of the Justice League from the 1976 calendar sold for $37,045.

Several of the pieces sold in 2018 featured Adams renderings of Ben Casey and Secret Agent Corrigan comic strip art. These pages from the mid-sixties sold for as much as $4080 for a Sunday page with dailies averaging about 1K.

Of primary interest for the Comic Art Trends Price Guide are the 31 lots of published Neal Adams original comic art. Included in the lots were covers and interior pages for works published from 1969 to 2017. Only five covers were sold, none of his more famous works. This lack of legendary covers likely contributed to the appearance of a down swing in selling price compared to the three previous years that all featured at least one spectacular cover sale.

Highlight pages sold in 2018 include 4 pages from Green Lantern 85, “Snowbirds Don’t ”. Pages from the classic GL/GA drug story sold for an average price of $8200 in 2018 compared to an average of $6200 for four pages from the same story in 2017. Based on the CAT Scale grades of (R2, R2, R2, R4) in 2018 and (R1, R2, R5, R5) in 2017, this is a strong year over year comparison.

Batman interior art from the title series and Brave and the Bold sold well in 2018. The comparison of Batman pages sold at Heritage Auctions from 2014 to 2018 is interesting:

2014 – R6, R5 Average $19,700 2015 – R6, R5, R7 Average $4900 (B&B, Batman) 2016 – R7, R7, R7 Average $14,100) (1st Ras Al Ghul) 2017 – R6, R6 Average $14,000 2018 – R6, R7 Average $16,800 (1st Ras Al Ghul and HOM in B&B)

In this comparison, prices appear to be holding or slightly increasing for Batman featured pages over the last three years. 2015 prices may be suppressed by less interest in the Brave and the Bold pages even though the series ushered in the new Batman of the seventies. Prices from 2014 may have been inflated somewhat.

Four other interior Batman pages sold at HA during 2018. These four pages averaged only $3200 (R3, R1, R2, R3). From their CAT scores, it is obvious they do not star

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Adams

Batman and therefore do not have as much collector interest as the high CAT Scale pages previously described. The CAT grading system supports reasonable price comparisons by using an objective means to evaluate and compare published original art. Based on their low scores, these four pages should NOT be compared with the aforementioned high CAT score pages. It is not surprising that their average price was much lower.

Though Neal Adams proved to be the greatest at illustrating the Greatest when he penciled Superman vs. Muhammad Ali, a pivotal page featuring the internationally acclaimed boxer only sold for $5500. This was a slight decrease from the sale price in 2016. It is surprising considering the Muhammad Ali page last sold prior to his sudden death.

I still have fond memories of buying that oversized collector’s edition which featured a cover with a plethora of celebrities and comic industry personalities. I wonder what that art would go for at auction?

Non-hero art by Adams fared well at auction in 2018 as a complete 6-page story from Witching Hour 8 sold for over $14K in spite of having none of the typical action pages investors crave.

As a reminder, Deadman and Green Lantern/Green Arrow from the seventies are Plus One Heroes for Adams.

One personal note on Adams. Neal Adams is my favorite artist and his works will always maintain their collectability in my eyes. Investors, however, may be wise to focus on his most significant works which will not lose value long term barring industry calamity. Adams, as all artists do over time, will lose some of his fan enthusiasm as new artists become popular in the market. I can see many indications of far less significant artists that are garnering attention from the public based on sales prices. Without bias, I would say those works are far less collectible, but I readily admit that art is ALWAYS only worth what someone will pay for it. Hopefully, annual editions of the Comic Art Trends Price Guide will help the superstars of the industry continue to be recognized. Mid-Year Update Through the first half of 2019, ten pages of Neal Adams published art were sold through Heritage Auctions. Pages featured Adams Plus One characters like Green Lantern and Deadman. Marvel characters such as the Avengers, , and Ka-Zar also sold through auction.

Two Green Lantern backup story pages from 1972 sold for an average of $7,200. Both pages scored R4. Three Green Lantern backup story pages sold in prior years for an average of $7,867 (R4,R6,R6). Because the past sales were higher grade, it is not surprising that the mean price was higher. It demonstrates strength in the market that the average price was relatively similar on the 2019 sales in spite of the lower grade. Interestingly, many Green Lantern pages from the title series sold in 2018. Sales for R4 pages from the classic series averaged $11,135. As would be expected, the older pages from the original Neal Adams run enjoyed higher demand. Mid-Year update continued on page 26.

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Adams

Avengers 93 page 24 by Neal Adams and Batman 232 (intro Ras Al Ghul) page 5 by Neal Adams and Dick © Marvel [R6]. Sold for $13,145 (2018,HA) Giordano © DC [R6]. Sold for $20,315 (2018,HA)

Green Lantern 85 page 13 “Snow Birds Don’t Fly” by Neal V4 1 Variant Marvel by Neal Adams and Nelson Adams © DC [R4]. Sold for $11,950 (2018,HA) Daniel © Marvel [C6]. Sold for $4,063 (2018,HA) Ras Al Ghul was introduced in Batman 232. Is he Batman’s greatest arch-enemy? All images used by permission of Heritage Auctions, HA.com

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Adams

House of Mystery 182 by Neal Adams © DC [C1]. All New Collectors’ Edition C-56 Page 55 by Neal Adams and Sold for $8,963 (2017,HA) © DC [R5]. Sold for $5,079 (2013,HA)

Strange Adventures 208 page 2 by Neal Adams © DC [R6]. X-Men 61 page 7 by Neal Adams and Tom Palmer © Marvel [R6]. Sold for $17,925 (2017,HA) Sold for $5,975 (2010, HA) Muhammad Ali, self-proclaimed as ‘The Greatest’, passed away in 2016. All images used by permission of Heritage Auctions, HA.com

17

Adams

Adams, Neal (DC) featuring Superman Pub Sold Issue Page Key Price CGR Comment Src Date Date 361 C 1968 C7 May-10 10,456 HA 378 C 1969 C6 Aug-09 5,079 1.2 Curt Swan Pencils HA 378 C 1969 C6 Mar-03 4,715 % Curt Swan Pencils HA 371 C 1969 C2 Jul-02 1,668 Curt Swan Pencils HA Adventures of Jerry Lewis (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 104 3 1967 R4 Nov-12 335 HA Adventures of the Fly (Archie Publications) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 11 1960 R2 Aug-13 4,780 Neal Adams first professional work. HA Sold as part of 8-page lot featuring artwork. Panel 5 of page 11 is reportedly Neal Adams’ first published art. It was allegedly pasted in from sample pages drawn by Adams. All-New Collector’s Edition (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date C56 52 1978 R4 Feb-19 7,800 Superman vs. Muhammad Ali HA C56 44 1978 R3 Aug-18 5,520 -1.7 Superman vs. Muhammad Ali HA C56 44 1978 R3 May-16 5,736 8.6 Superman vs. Muhammad Ali HA C56 55 1978 R5 May-13 5,079 Superman vs. Muhammad Ali HA C56 44 1978 R3 Aug-11 3,884 % Superman vs. Muhammad Ali HA C56 33 1978 R7 May-09 6,871 Superman vs. Muhammad Ali HA (Marvel) featuring The Pub Sold Issue Page Key Price CGR Comment Src Date Date 7 3 1971 R4 Nov-15 1,554 HA 5 1 1971 S5 May-15 26,290 HA 7 8 1971 R2 Feb-15 2,151 HA 8 8 1971 R4 Jul-12 1,912 HA 5 5 1971 R2 Oct-05 1,725 HA Archie’s Joke Book (Archie Publications) Pub Sold Issue Page Key Price CGR Comment Src Date Date 46 27 1960 R2 Nov-12 418 Part of earliest works HA 46 2 1959 R2 Jul-03 748 Part of earliest works HA Avengers (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 96 3 1972 R4 Feb-19 15,600 HA 93 24 1971 R6 Feb-18 13,145 Thing HA 96 12 1972 R5 Aug-17 7,768 HA 96 14 1972 R2 Aug-17 9,560 HA 93 33 1971 R5 Feb-17 7,768 -18.8 HA

18

Adams

Avengers (Marvel) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 93 33 1971 R5 Feb-16 9,560 % HA 95 5 1972 R6 May-15 11,95 HA 93 28 1971 R6 Nov-12 7,1700 Thing HA 93 27 1971 R5 Nov-11 5,975 HA 95 16 1972 R5 Aug-10 3,585 HA 96 18 1972 R2 Nov-08 3,884 HA Batman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 251 8 1973 R3 May-18 5,258 HA 232 5 1971 R6 Feb-18 20,315 1st Ras Al Ghul HA 234 4 1971 R6 Nov-17 9,560 HA 251 13 1973 R6 Nov-17 18,523 HA 222 C 1970 C7 May-17 77,675 Celebrities HA 232 10 1971 R7 Feb-16 14,340 HA 232 11 1971 R7 Feb-16 20,315 1st Ras Al Ghul HA 251 18 1973 R7 Feb-16 7,768 HA 243 12 1972 R6 May-15 5,019 6.4 HA 234 6 1971 R5 Aug-14 23,900 HA 210 C 1969 C6 Feb-14 31,070 HA 251 9 1973 R6 Feb-14 15,535 HA 245 3 1972 R6 May-09 3,585 HA 232 3 1971 R7 Nov-08 4,481 HA 232 17 1971 R6 Nov-08 6,573 HA 232 13 1971 R5 Aug-08 5,079 1st Ras Al Ghul HA 243 12 1972 R6 Aug-07 3,107 % HA 231 C 1971 R3 Oct-05 4,045 HA Bizarre Adventures (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 28 19 1981 R1 May-15 1,016 HA Brave and the Bold (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 84 5 1969 R3 Nov-18 2,880 Sgt Rock HA 83 17 1969 R1 Sep-18 1,680 HA 83 12 1969 R2 Aug-18 3,120 7.5 Teen Titans HA 93 15 1970 R7 Aug-18 13,200 House of Mystery HA 79 13 1968 R7 Nov-15 4,780 8.8 Deadman HA 80 13 1968 R5 Nov-15 4,780 Creeper HA 86 4 1969 R7 Aug-13 5,079 32.4 HA 102 16 1972 R4 Aug-13 1,912 Teen Titans HA 79 12 1968 R6 Jul-12 4,183 6.3 Deadman HA 81 16 1968 R4 Jul-12 2,032 HA 86 4 1969 R7 Nov-11 3,107 % HA 79 18 1968 R6 May-08 1,673 11.3 Deadman, last panel is stat HA 80 C 1968 C6 May-08 11,353 -22.9 Creeper HA 79 3 1968 R5 May-06 1,135 -43.6 HA 79 12 1968 R5 May-06 2,868 % Deadman HA 79 13 1968 R5 May-06 2,151 % Deadman HA 80 C 1968 C6 May-06 19,120 % Creeper HA

19

Adams

Brave and the Bold (DC) featuring Batman continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 79 3 1968 R5 May-05 2,013 % HA 83 12 1969 R2 Nov-04 1,150 HA 81 4 1968 R6 Oct-04 1,668 HA 83 4 1969 R5 Jul-03 891 HA 79 18 1968 R6 Oct-02 920 % HA 83 C 1969 C6 Oct-02 10,638 Aquaman HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1C C 2011 C5 Feb-14 3,884 HA Challengers of the Unknown (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 74 1 1970 R3 Feb-18 3,107 6.0 One panel Neal Adams HA 74 23 1970 R4 May-09 1,673 Deadman HA 74 C 1970 C5 Feb-05 6,325 HA 74 1 1970 R3 Feb-04 1,380 % HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date V2#1 C 2016 C4 Feb-18 3,346 HA the Barbarian (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 44 8 1974 R3 Nov-18 2,160 John Buscema pencils HA 37 6 1974 R2 Aug-18 5,280 HA 37 7 1974 R3 Nov-17 8,664 -10.2 HA 116 C 1980 C5 Nov-17 23,900 Neal Adams inks HA 37 23 1974 R3 May-15 4,063 HA 37 7 1974 R3 Nov-14 11,950 % HA 116 3 1980 R5 Feb-10 717 Neal Adams inks HA Creepy (Warren) Pub Sold Issue Page Key Price CGR Comment Src Date Date 14 4 1967 R1 Nov-16 3,107 HA 14 1 1967 S1 Nov-12 4,780 HA 15 4 1967 R1 May-11 1,135 HA 14 6 1967 R1 May-09 2,629 HA 14 7 1967 R1 Jan-07 1,315 HA Cyberrad (Continuity) Pub Sold Issue Page Key Price CGR Comment Src Date Date Part 1 16 1992 R2 Dec-07 478 HA Deadly Hands of Fu (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 C 1974 C3 Apr-04 19,550 hand colored HA

20

Adams

Deadman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 6 C 1985 C5 May-19 8,400 HA Defenders (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date V4#1 C 2012 C6 Feb-18 4,063 HA V5#1 C 2017 C5 Feb-18 4,063 HA (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 407 C 1971 C5 Nov-17 54,970 Man-Bat HA 418 C 1971 C7 Aug-15 23,900 Creeper HA 407 5 1971 R5 Nov-13 5,378 HA 407 7 1971 R5 Nov-13 3,107 HA 407 8 1971 R3 Nov-13 2,988 HA 407 10 1971 R4 Nov-13 4,481 Man-Bat HA 407 15 1971 R5 Nov-13 6,573 Man-Bat HA 415 C 1971 C6 May-10 15,535 HA 407 9 1970 R2 Apr-04 1,323 HA 407 2 1971 S5 Aug-03 4,715 Man-Bat HA 407 6 1971 R5 Nov-01 1,380 HA 407 11 1971 R6 Nov-01 2,875 Man-Bat HA Lives (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 11 1973 R2 May-19 7,200 HA 2 16 1973 R2 Nov-16 7,768 -13.8 HA 2 5 1973 R1 May-16 4,302 HA 2 13 1973 R2 May-16 8,365 HA 2 16 1973 R2 May-16 8,365 % HA (Warren) Pub Sold Issue Page Key Price CGR Comment Src Date Date 9 2 1967 R1 Feb-17 2,390 HA 11 1 1967 S2 Nov-15 5,497 HA 9 5 1967 R1 Jan-07 1,554 HA Flash (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 217 9 1972 R4 May-19 6,600 Green Lantern HA 217 5 1972 R4 Feb-19 7,800 Green Arrow/Green Lantern HA 226 6 1974 R1 May-17 7,170 Green Lantern HA 219 2 1972 S2 Feb-17 7,768 Green Lantern HA 217 7 1972 R1 Aug-11 8,664 Green Lantern HA Green Lantern (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 89 15 1972 R4 Aug-18 6,000 Green Arrow HA 78 7 1970 R4 May-18 19,120 11.7 Green Arrow HA 85 4 1971 R2 Feb-18 7,469 As Oliver Queen only HA

21

Adams

Green Lantern (DC) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 85 5 1971 R2 Feb-18 5,019 As Oliver Queen only HA 85 6 1971 R2 Feb-18 8,365 Green Arrow HA 85 13 1971 R4 Feb-18 11,950 Green Arrow HA 84 11 1971 R6 Nov-17 5,736 -12.7 HA 76 4 1970 R6 Nov-17 17,925 Green Arrow HA 85 12 1971 R1 Aug-17 3,466 -2.7 HA 85 3 1971 R2 Aug-17 5,258 As Oliver Queen only HA 85 10 1971 R5 Aug-17 8,365 Green Arrow HA 85 9 1971 R5 Feb-17 10,158 Green Arrow HA 85 2 1971 R4 Nov-16 7,469 As Oliver Queen only HA 84 6 1971 R6 May-16 31,070 11.0 Bernie Wrightson HA 85 12 1971 R1 May-16 3,585 % HA 76 C 1970 C10 Nov-15 442,15 Green Arrow HA 84 16 1971 R5 May-14 4,4810 Bernie Wrightson HA 84 17 1971 R3 May-14 3,107 Bernie Wrightson HA 84 18 1971 R5 May-14 3,346 Bernie Wrightson HA 84 19 1971 R5 May-14 3,346 Green Arrow HA 84 5 1971 R6 Feb-14 4,780 Bernie Wrightson HA 84 8 1971 R5 Feb-14 4,780 Bernie Wrightson HA 84 14 1971 R3 Feb-14 4,481 Bernie Wrightson HA 84 21 1971 R5 Feb-14 4,780 Bernie Wrightson HA 84 11 1971 R6 Nov-13 9,859 % Green Arrow HA 78 11 1970 R5 Nov-13 3,346 HA 84 4 1971 R2 Nov-13 2,988 Bernie Wrightson HA 84 10 1971 R5 Nov-13 3,346 HA 84 12 1971 R5 Nov-13 5,676 Bernie Wrightson HA 84 1 1971 S6 Aug-13 22,705 HA 84 2 1971 R3 Aug-13 3,884 HA 84 13 1971 R3 Aug-13 4,183 HA 84 20 1971 R5 Aug-13 7,170 Green Arrow HA 84 22 1971 R3 Aug-13 3,227 Bernie Wrightson HA 84 6 1971 R6 May-13 22,705 % Bernie Wrightson HA 84 3 1971 R2 May-13 6,573 Bernie Wrightson HA 84 7 1971 R5 May-13 13,145 Bernie Wrightson HA 84 9 1971 R4 May-13 5,079 Bernie Wrightson HA 84 15 1971 R3 May-13 4,631 HA 77 22 1970 R5 Feb-13 3,107 Green Arrow HA 78 13 1970 R5 Feb-13 5,676 Green Lantern HA 80 4 1970 R4 Feb-13 4,183 Green Arrow HA 85 19 1971 R5 Nov-12 10,158 Green Arrow HA 78 7 1970 R4 Feb-12 9,560 % HA 85 14 1971 R4 Aug-11 4,481 Green Arrow HA 80 7 1970 R5 Jul-04 5,175 Green Arrow HA 78 23 1970 R3 Jul-03 1,920 Green Arrow HA 85 18 1971 R4 Mar-03 2,520 HA His Name Is Savage (Adventure House Press) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 1968 R1 Jul-03 633 HA

22

Adams

Hot Wheels (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 6 11 1971 R2 May-16 1,434 HA 6 12 1971 R1 May-15 1,076 10.1 HA 6 12 1971 R1 Jul-03 345 % HA House of Mystery (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 228 1 1975 S1 May-17 1,135 pencils HA 182 C 1969 C1 Feb-17 8,963 HA 228 2 1974 R1 Feb-13 251 Alan Kupperberg pencils HA 175 C 1968 C1 May-09 6,573 HA IronJaw (Atlas/Seaboard) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 C 1975 C2 May-18 17,925 Final cover of this issue sold for HA $6,871 in Feb-18. (The preliminary cover contained most of the original art. The published cover only contained the original bear art.) Justice League of America (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 95 C 1971 C6 May-19 28,800 inks HA 94 5 1971 R3 Aug-16 3,824 HA 66 C 1968 C7 May-16 41,825 6.1 HA 88 C 1971 C7 Nov-11 19,120 HA 66 C 1968 C7 Jul-02 18,400 % HA Mr. T and the T Force (Now) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 20 1993 S4 Oct-05 403 HA Ms. Mystic () Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 10 1984 R2 Nov-07 388 Neal Adams inks HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 147 C 1974 C3 Jul-04 3,968 HA Phantom (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 19 1969 R2 Feb-18 2,749 HA 11 C 1971 C3 Aug-15 8,365 HA 13 C 1971 C4 May-10 6,871 HA

23

Adams

Savage Sword of Conan (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 8 1974 R1 Nov-14 1,434 Unclear who actual pencil artist is HA 14 1 1976 S4 Aug-14 5,676 HA 14 24 1976 R4 May-11 1,673 HA 2 C 1974 C5 May-11 29,875 hand colored HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 7 53 1974 R2 May-19 1,080 Ka-Zar HA 7 52 1974 R1 Apr-19 1,320 John Buscema pencils HA 4 4 1974 R3 Aug-17 4,063 Gil Kane pencils HA 4 11 1974 R4 Aug-15 2,091 Gil Kane/Neal Adams art HA 4 14 1974 R1 Nov-14 837 Gil Kane pencils HA 4 16 1974 R2 Nov-14 837 Gil Kane pencils HA 4 19 1971 R1 May-09 568 Gil Kane pencils HA Six Million Dollar Man Magazine (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 13 1976 R3 Nov-16 382 Neal Adams art HA 2 36 1976 R4 Oct-16 382 Neal Adams art HA Spectre (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 5 1 1968 R1 Nov-18 2,640 HA 3 17 1968 R4 Aug-10 1,554 HA 5 16 1968 R2 May-10 1,434 HA 5 21 1968 R2 Nov-07 1,195 -6.2 HA 5 21 1968 R2 May-06 1,315 % HA 2 19 1968 R1 Nov-04 357 HA 5 7 1968 R3 Nov-03 1,955 HA (DC) featuring Deadman Pub Sold Issue Page Key Price CGR Comment Src Date Date 212 6 1968 R5 Nov-17 4,541 HA 214 11,12 1968 S4 Nov-17 4,900 HA 213 7 1968 R5 Aug-17 4,780 7.5 HA 214 20 1968 R2 Aug-17 2,629 HA 216 1 1969 R5 Aug-17 6,871 HA 208 2 1968 R6 May-17 17,925 32.0 HA 208 12,13 1967 S6 Feb-16 10,755 HA 214 10 1968 R5 Aug-15 3,227 HA 213 7 1968 R4 May-15 4,063 % HA 208 2 1968 R6 Nov-14 8,963 % HA 209 3 1968 R2 May-12 1,434 HA 216 12 1969 R5 Nov-11 3,451 HA 208 1 1968 S5 Feb-11 5,975 HA 212 17 1968 R3 Nov-09 4,183 1/2 page art HA 212 4 1968 R1 Nov-08 657 HA 212 2 1968 R3 May-08 1,793 HA 212 14 1968 R6 May-08 2,390 HA 211 C 1968 C5 May-06 10,755 -27.6 HA

24

Adams

Strange Adventures (DC) featuring Deadman continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 212 7 1968 R4 May-06 1,315 HA 212 9 1968 R4 May-06 1,135 HA 212 16 1968 R2 May-06 777 HA 209 10 1968 R5 May-05 2,300 HA 211 C 1968 C5 Feb-05 16,100 % HA Superman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 314 C 1977 C7 May-16 8,963 Flash&Green Lantern HA 237 C 1971 C6 Aug-11 7,170 27.1 HA 237 C 1971 C6 May-09 4,183 % HA 234 C 1971 C6 May-07 8,963 HA 235 C 1971 C6 Aug-05 4,313 HA Superman’s Pal (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 148 C 1972 C6 May-18 19,120 Jack Kirby signature HA 117 C 1969 C2 Nov-08 3,346 Curt Swan pencils HA 144 C 1971 C6 Apr-04 13,800 Jack Kirby pencils HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 12 C 1978 C4 Aug-11 4,481 John Buscema pencils HA 11 C 1978 C5 Mar-03 3,220 John Buscema pencils HA Teen Titans (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 21 4 1969 R5 Sep-18 3,840 23.1 Net gain, Inks HA 21 4 1969 R5 Jun-18 3,120 % Nick Cardy Inks HA 22 3 1969 R5 May-18 2,868 Nick Cardy Inks HA 21 22 1969 R2 Aug-14 1,315 Nick Cardy Inks HA Ultimate Hawkeye (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 C 2011 C5 May-19 2,640 HA Unexpected (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 114 C 1969 C1 Nov-15 5,497 HA Weird Tales (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 13 6 1972 R1 Feb-17 2,868 HA 13 3 1972 R1 Nov-12 1,554 HA

25

Adams

Witching Hour (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 8 CS6 1970 CS6 Feb-18 14,340 Sergio Aragones pencils HA 14 C 1971 C1 Jul-10 717 -77.0 Part restoration HA 14 C 1971 C1 Nov-09 1,912 % HA Wonder Woman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 220 4 1975 R2 May-18 1,255 Dick Giordano w/partial Adams art HA 220 11 1975 R3 May-18 2,450 Dick Giordano w/partial Adams art HA World’s Finest (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 186 C 1969 C7 Aug-13 8,066 Curt Swan pencils HA X-Men (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 61 9 1969 R7 Aug-18 12,000 HA 60 16 1969 R2 Feb-16 2,868 -1.6 HA 60 13 1969 R1 Jul-12 4,780 Sauron HA 58 17 1969 R1 May-12 4,481 HA 60 16 1969 R2 Feb-11 3,107 % HA 62 4 1969 R4 Nov-10 2,868 HA 58 13 1969 R1 Aug-10 3,585 Sentinels HA 61 7 1969 R6 May-10 5,975 Sauron HA 61 11 1969 R6 Feb-10 4,481 Sauron HA 62 6 1969 S4 Feb-09 14,340 Magneto HA

Mid-Year Report continued: Adams worked on relatively few Marvel pages in the early seventies. Avengers 96 Page 3 (R4) was part of a brief run on that title. Previous HA sales from the series ranged from $3,585 - $13,145. Recent R5 and R6 sales averaged only $9,560. The $15,600 price on the 2019 sale was very good compared to that average.

A page from the classic Superman vs. Muhammad Ali galactic prize-fight of the century sold in 2019 for $7,800. This page featured only Superman (R4) and there is no direct comparable to other sales. Another page from the book featuring only Muhammad Ali sold in 2018 for $5,520. Celebrities like Muhammad Ali are considered Grade B heroes when prominently featured in a story.

The top price for the mid-year report came on the cover of Justice League of America 95 (C6, 28K). An older Adams page, JLA 66 from 1968, sold higher at 41K. Age aside, the JLA 95 cover featured Anderson inks. Though a master in his own right, the heavy influence of Anderson’s style on Adams pencils may have subdued the price. At first glance, I thought it was a Swanderson (Curt Swan/Murphy Anderson) page.

Another highlight sale was cover art for the 1977 DC Calendar. Selling for $26,000, it could not match the 37K price of the 1976 calendar page. The Bicentennial calendar featured a more classic pose that was also used on DC letterhead. --end

26

Adams

Adventures of the Fly 4 page 11 by Neal Adams © Archie Archie’s Joke Book 46 page 2 by Neal Adams [R2]. Sold for $4,780 (2013,HA) with group. © Archie (1959) [R2]. Sold for $748 (2003,HA)

Action Comics 361 by Neal Adams © DC [C7]. Amazing Adventures 5 Page 1 by Neal Adams and Tom Sold for $10,456 (2010,HA) Palmer © Marvel [S5]. Sold for $26,290 (2015,HA) Adventures of the Fly 4 contains Adams’ first published work. All images used by permission of Heritage Auctions, HA.com

27

Adams

Batman 222 (Beatles Parody) by Neal Adams © DC [C7]. Brave and the Bold 79 page 18 by Neal Adams © DC [R6]. Sold for $77,675 (2017,HA) Sold for $1,673 (2008, HA)

Cyberrad Crossover Part 1 page 16 by Neal Adams © Detective Comics 407 by Neal Adams © (DC) [C5]. Continuity [R2]. Sold for $478 (2007, HA) Sold for $54,970 (2017, HA) Adams reinvigorated the aura of the ‘darknight’ detective. All images used by permission of Heritage Auctions, HA.com

28

Adams

Neal Adams - Summary by Year Sold Mean Sales Price Plotted with 3 Year Moving Average Includes Covers, Splashes, and Interior Pages

$35,000 160

30,970

$30,000 140

120 $25,000

100 $20,000 80

$15,000 12,332 60 9,628 $10,000 7,906 7,293 7,290 40 6,178 6,316 5,374 4,653 4,690 4,992 4,508 4,123 4,061 $5,000 2,708 20 2,128 2,428

2 4 8 9 8 9 7 10 11 11 14 13 29 19 18 21 28 36 $0 0

Sales Mean 3YrMA

Summary Statistics by Year Sold – All Pages Year Sales Min Max Median Mean 3YrMA 2018 36 1,255 20,315 3,952 $6,316 9,425 2017 28 1,135 77,675 7,768 $12,332 17,643 2016 21 382 41,825 7,768 $9,628 15,963 2015 18 1,016 442,150 4,780 $30,970 14,813 2014 19 837 31,070 4,481 $7,290 5,843 2013 29 251 22,705 4,780 $6,178 5,844 2012 13 335 10,158 4,183 $4,061 5,449 2011 14 1,135 29,875 4,481 $7,293 5,658 2010 11 717 15,535 3,585 $4,992 4,602 2009 11 568 14,340 4,183 $4,690 3,747 2008 10 657 11,353 3,615 $4,123 3,686 2007 7 388 8,963 1,315 $2,428 3,863 2006 9 777 19,120 1,315 $4,508 4,845 2005 8 403 16,100 3,172 $4,653 4,245 2004 9 357 19,550 1,668 $5,374 5,329 2003 8 345 4,715 3,875 $2,708 4,247 2002 4 920 18,400 6,153 $7,906 2001 2 1,380 2,875 2,128 $2,128

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Adams

Neal Adams- All Interior Pages Mean Sales Price Plotted with 3 Year Moving Average

$9,000 140

7,968 $8,000 7,491 120

$7,000 6,111 6,091 100 5,769 $6,000 5,540

4,835 $5,000 80

4,145 4,061 $4,000 3,316 60 3,025 $3,000 2,128 2,097 40 1,842 1,716 $2,000 1,528 1,339 920 20 $1,000

2 1 8 6 5 7 6 8 7 8 10 13 28 17 14 19 24 31 $0 0

Sales Mean 3YrMA

Summary Statistics by Year Sold – All Interior Pages Year Sales Min Max Median Mean 3YrMA 2018 31 1,255 20,315 3,120 5,769 7,076 2017 24 1,135 18,523 7,021 7,491 7,000 2016 19 382 31,070 7,469 7,968 6,533 2015 14 1,016 26,290 4,063 5,540 5,914 2014 17 837 23,900 4,481 6,091 5,421 2013 28 251 22,705 4,705 6,111 4,772 2012 13 335 10,158 4,183 4,061 3,744 2011 10 1,135 8,664 3,667 4,145 4,002 2010 8 717 5,975 3,227 3,025 3,725 2009 7 568 14,340 3,585 4,835 3,163 2008 8 657 6,573 3,137 3,316 2,061 2007 6 388 3,107 1,255 1,339 1,655 2006 7 777 2,868 1,315 1,528 1,822 2005 5 403 4,045 2013 2,097 1,885 2004 6 357 5,175 1,351 1,842 1,493 2003 8 345 4,715 1,406 1,716 1,588 2002 1 920 920 920 920 2001 2 1,380 2,875 2,128 2,128

30

Adams

Neal Adams - Summary Data by Year Published

$30,000

Green Lantern 76 sale heavily influenced average, without the mean is $8500. Recent Green Lantern and Brave and the Bold interior pages sales topped 15K average. $25,000

Includes many quality Batman and $20,000 Green Lantern interior pages. Inks on Buscema Conan.

Includes many Six Million Brave and the Bold $15,000 Dollar Man art and X-Men sales. probably by Recent X-Men sale studio affecting of $12,000. Independent non- mean. mainstream works.

$10,000

Mostly Warren and Archie All Recent Marvel covers. $5,000

Early sales of Deadman interiors from Strange Adventures and Brave and the Bold.

$0

1980 1959 1960 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1981 1984 1992 1993 2011 2012 2016 2017

Mean Price

Year Published Sales Average Price 1959-60 3 1,982 1967 10 3,350 1968 44 4,660 1969 33 5,444 1970 23 27,443 1971 83 8,549 1972 15 6,423 1973 8 9,485 1974 15 6,813 1975-76 8 3,860 1977-80 10 6,837 1981-93 4 571 2011-17 4 3,839

31

Adams

Neal Adams - Summary Data Grouped by CAT Score Pole represents range from min to max Box is white when mean > median Box is black when median > mean $90,000

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

16,706 $20,000 13,600 8,900 9,384 $10,000 4,614 4,096 3,804 2,783 $0 C1-C2 C3-C5 C6-C7 S1-S2 S3-S5 R1-R2 R3-R5 R6-R7

Median Max Min Mean

# Sales Min Max Median Mean C1-C2 7 717 8,963 3,346 4,096 C3-C5 16 3,220 54,970 7,618 13,600 C6-C7 22 4,063 77,675 10,995 16,706 C10 1 442,150 442,150 442,150 442,150

S1-S2 3 1,135 5,497 4,780 3,804 S3-S5 7 403 26,290 5,676 8,900

R1-R2 61 251 9,560 1,725 2,783 R3-R5 96 335 23,900 3,884 4,614 R6-R7 39 920 31,070 7,170 9,384

Note: Bold CAT score sales indicate not included in the graph.

32

Anderson

Justice League of America 14 by Murphy Anderson © DC 1962 (C5) Sold for $44,813 (2013) through Heritage Auctions The was a big addition to the Justice League in 1962. Image used by permission of Heritage Auctions, HA.com

33

Anderson

Murphy Anderson (1926 - 2015 ) Best known for his inking, Anderson’s work in the comic book industry spanned over fifty years. Early work at included the character Star Pirate in . He worked on among others before becoming a regular contributor at DC in the fifties. He made contributions on the Atomic Knights and as a , but his greatest impact was collaborating with such as Carmine Infantino and Curt Swan.

During 2018, 28 of Anderson’s works were sold through Heritage Auctions. Artwork included cover art for Overstreet’s Comic Book Price Guide #33 and cover recreations. In published comic book art, a complete back up story by Anderson sold through Heritage Auctions and several pages of Anderson pencils as well as pages inked by Anderson for others.

Anderson’s Overstreet price guide cover featuring Marvel Comics 1 sold for $3,360. That was a 17% increase over the sale price in 2012. Anderson has done numerous Overstreet price guide covers, some recreations of classic covers and original cover concepts as well. The overall average sales price for this art through Heritage Auctions is $3563.

Three of his cover recreations also sold in 2018. The highest price sale recreated the Master Comics 21 cover with Captain Marvel and Bulletman ($4,080). A Science Comics 1 recreation sold for $3,180. These two sales are in the top 1/3 of auction prices for Murphy Anderson’s recreation art at HA. In previous years, recreations of Sub- Mariner Comics 1 and Justice League of America 1 have fared the best pricewise. Overall, prices are flat to down with the big exception being a recreation of National Comics 1. In 2017, this art sold for over 4 times what it sold for in 2009!

The Comic Art Trends Price Guide emphasizes published original comic book art. For renowned like Murphy Anderson, his work inking other pencillers is not discussed in this section. There were ten lots featuring Anderson’s pencil art in 2018 for study.

“Jor-El’s Golden Folly”, a complete 7-page backup story from 1971 sold for $6,600. There are no immediate comparables since this story was relatively recent compared to his other pencil work. Like, his older stories, these pages feature supporting or Grade C heroes (Jor-El, father of Kal-El). Reviewing the pages in the story, each would be R1 or R2 depending on whether or not Jor-El is considered a significant enough character. This group averages $943/page which is below the average price ($1,828) for other R1/R2 pages by Anderson. I don’t think this represents a decline because most of his other R1’s are from the early sixties.

There is an interesting comparison for Hawkman pages sold in 2018.

2018: (three pages sold – R5,R5, R3) Average price - $2,437 2008-2016: (three pages sold – R4, R3, R5) Average price - $2,071 2001-2005: (five pages sold – R2, R5, R5, R5, R5) Average price - $1,403

That appears to be a good upward trend. However, there is a direct comparison for Hawkman 16 Page 20 where the sale price in 2016 was $2,629 and only $1,200 in 2018.

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That is a 46% decrease for a CGR of -29.4%. It illustrates the concern that quick turnarounds can be dangerous for investors.

It reminds me of the often quoted saying in the stock market world, “a 50% loss requires a 100% gain to break even.”

To end on a high note, the cover for Justice League of America 17 sold for $59,750 in 2018. It is scored CAT C5 and may reasonably be compared to the cover of Justice League of America 14 (C5) which sold in 2013. The increase was a total of 33% over that 5-year period. In 2004, JLA 60 (C5) sold for $4,485. This MAY be a reasonable comparison but consider issues 14 and 17 are about 5 years older than issue 60.

Another positive, 55 Page 14 (R5) art sold for $7,170 compared to Page 11 of the same issue which sold for $5,079 in 2011. The 41% increase for this single point of data was a meaningful comparison because both pages are R5 and each features JSA heroes Dr. Fate and the Golden Age Green Lantern.

Note that the data tables below only include Murphy Anderson’s pencil art. Where he did ink work for artists such as Curt Swan and Carmine Infantino, the relevant pages can be found in those artists’ sections.

Murphy Anderson seemed to most frequently be paired with Carmine Infantino and Curt Swan. One cover featuring Anderson inks and Infantino pencils stands out in my memory. The cover of Action Comics 396 depicted a graying Superman in a wheelchair sometime in a future that no longer needed Superman. The story was called “The Super- Panhandler of ” and utilized the imaginary story theme popular at the time. Many DC covers from the late sixties and early seventies grabbed the attention of potential buyers with provocative themes that formed the basis of the story. The imaginary story strategy presented ample material for attention-grabbing covers.

Another fond remembrance is of the Swanderson art in the Superman storylines just after was turned to iron in Superman 233. The appearance of Superman’s kryptonite-created doppelganger fit well with Anderson’s inks. The grainy creature originating from the accident that destroyed kryptonite mysteriously plagued Superman for several issues before the final confrontation. Both of these excellent stories from the seventies represent a season of high demand for Superman enhanced by the art of the period. Mid-Year Update The first half of 2019 ushered in a deluge of historic and memorable art by Murphy Anderson. Thirty-seven lots featuring Anderson pencils sold through Heritage Auctions in the first half of the year. Many of the lots were large groups and complete stories from some of Anderson’s most significant works. Highlights featured early Spectre, Hawkman, , Starman and groups. Some lots originated from the Murphy Anderson Collection.

The Spectre is a grade B hero who has survived and at times thrived since his creation in 1940. The Spectre made his silver age debut in Showcase 60. The complete story was 35

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divided into three groups and sold in 2019. With a combined price of $206,400, the average page price was $8,600. As a landmark issue, the graded pages are Plus One. For example, the title page is CAT S6 (S5 plus one for landmark). Another landmark page by Anderson sold in 2018, Page 12 from Spectre 1 (1967).

Anderson’s pencils regularly appeared in Strange Adventures. Art featuring , the Atomic Knights, and a cast of unknowns all made it to market in 2019. The best depicted a giant Adam Strange run amok on the cover of issue 221. The CAT score for the page is C5 and the sale price was $26,400. The price was less than other C5 covers, however, those covers starred Hawkman and were also a few years older. For comparison, Atomic Knight pages graded R2 sold for an average of $1,620 compared to an average price on ten (R1,R2) pages from 2015-2017 for $2,754.

Some spectacular Hawkman art by Anderson sold through Heritage Auctions in 2019. The cover of 87 starred Hawkman, but the comic began a double feature with Adam Strange (C5, $48,000). Hawkman 5 (C5, $45,600) can be compared to Hawkman 8 (C5, $34,655) which sold in 2017. There were also a couple complete Hawkman stories for issue 4. One eleven-page story sold for $26,400. The other thirteen-page story sold for $126,000. Same artist, same issue, couple page difference: what impacted the price by almost 100K? The expensive story featured the 1st appearance of Zatanna: a great example how landmark 1st appearances and other special circumstances can affect price.

Brave and the Bold 62 featured a memorable silver age team-up of two golden age heroes: Starman and Black Canary. The complete story the “Big Super-Hero Hunt” was divided into three groups and sold for a total of $73,200. There are no comparables yet, but Brave and the Bold 61 starring the same pair is set to sell in the second half of 2019.

The tremendous inventory of high-quality art by Murphy Anderson that has sold in the prior 18 months raises the of who fares better, buyers or sellers, when a glut of good pages hits the market in a short period of time. I suspect sellers enjoy the momentum generated by so many pages by one artist. Likely, the large offerings are just a consequence of estate liquidations.

Throughout the Comic Art Trends Price Guide, I describe what I believe are meaningful sales comparisons along with those that aren’t. The first full edition of the CAT price guide features a little over thirty artists. There are many more exceptional artists in the industry. One goal of the CAT Price Guide and www.catpriceguide.com is to provide a strategy for evaluating pages of art even for those artists that are not yet featured in the CAT Price Guide. – Patrick Bain

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Justice League of America 17 by Murphy Anderson © DC 1963 (C5) Sold for $59,750 (2018) through Heritage Auctions Anderson’s JLA 17 cover highlighted his numerous pencil and ink pages sold in 2018. Image used by permission of Heritage Auctions, HA.com

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Anderson, Murphy Atom and Hawkman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 43 1 1969 R4 Feb-17 2,390 Origin of Gentleman HA 43 2 1969 S3 May-08 831 Origin of HA Brave and the Bold (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 62 G10 1965 G10 May-19 26,400 The Big Super-Hero Hunt HA 62 G6 1965 G6 May-19 18,000 Starman and Black Canary HA 62 G8 1965 G8 May-19 28,800 Starman and Black Canary HA Detective Comics (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 360 9 1967 R4 Mar-18 657 HA

Flash (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 210 C 1971 C3 May-19 12,000 HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 16 C 1972 C1 May-19 6,000 HA Hawkman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 CS11 1964 CS11 May-19 26,400 The Machine That Magnetized HA 4 CS13 1964 CS13 May-19 126,000 Zatanna 1st AppearanceMen HA 5 C 1965 C5 May-19 45,600 HA 16 20 1966 R5 Aug-18 1,200 -29.4 HA 10 4 1965 R5 Aug-18 3,600 HA 10 7 1965 R3 Feb-18 2,510 HA 8 C 1965 C5 Nov-17 34,655 HA 16 20 1966 R5 May-16 2,629 % HA 10 9 1965 R3 Aug-13 1,554 HA 1 6 1964 R4 Feb-08 2,032 1st Issue HA 15 1 1966 S2 May-05 4,313 HA 20 9 1967 R5 Jan-05 920 HA 1 9 1964 R5 Mar-03 1,783 -4.7 1st Issue HA 1 9 1964 R5 Jul-02 1,840 % 1st Issue HA 20 7 1967 R5 Jul-02 1,323 HA 1 7 1964 R2 Nov-01 1,150 1st Issue HA Jumbo Comics (Fiction House) Pub Sold Issue Page Key Price CGR Comment Src Date Date 165 CS4 1952 CS4 Nov-11 1,255 Star Pirate HA

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Justice League of America (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 17 C 1963 C5 May-18 59,750 HA 14 C 1962 C5 Aug-13 44,813 Atom joins the league HA 60 C 1968 C5 Jun-04 4,485 , HA Mystery In Space (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 87 C 1963 C5 May-19 48,000 Hawkman/Adam Strange HA 88 9 1963 R4 Aug-14 2,390 Hawkman/ HA

Planet Comics (Fiction House) Pub Sold Issue Page Key Price CGR Comment Src Date Date 37 1945 R1 Feb-19 1,680 Star Pirate HA 40 6 1946 R1 Aug-18 1,260 HA 36 1 1945 R1 Aug-16 1,912 HA 36 2 1945 R1 Nov-12 568 HA 38 18 1945 R1 Nov-03 1,553 HA Secret Origins (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 8 14 1986 R3 Jun-19 408 Doll Man HA 8 13 1986 R1 Jun-19 264 Doll Man HA 8 12 1986 R2 May-19 312 Doll Man HA 8 11 1986 R2 May-19 312 Doll Man HA 8 10 1986 R1 May-19 432 Doll Man HA 8 9 1986 R1 May-19 528 Doll Man HA 8 8 1986 R2 Apr-19 660 Doll Man HA 8 7 1986 R2 Apr-19 504 Doll Man HA 8 6 1986 R1 Apr-19 312 Doll Man HA 8 5 1986 R1 Apr-19 312 Doll Man HA 8 4 1986 R1 Mar-19 216 Doll Man HA 8 3 1986 R1 Mar-19 264 Doll Man HA 8 2 1986 R1 Mar-19 408 Doll Man HA Showcase (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1st Silver Age Spectre, 60 G8 1966 G8 May-19 90,000 HA War That Shook the Universe 60 G10 1966 G10 May-19 66,000 1st Silver Age Spectre HA 60 G6 1966 G6 May-19 50,400 1st Silver Age Spectre HA 56 7 1965 R2 May-18 2,868 3.7 Dr. Fate HA Dr. Fate, G.A. Green Lantern, 55 14 1965 R5 Feb-18 7,170 HA Solomon Grundy 55 10 1965 S5 Nov-17 22,108 Dr. Fate, , Solomon Grundy HA 55 20 1965 R4 Feb-17 4,302 Hourman HA 56 4 1965 R1 Sep-16 956 -16.6 HA 56 4 1965 R1 Dec-14 1,315 % HA 55 18 1965 R3 Nov-12 3,884 Solomon Grundy HA 55 25 1965 R5 Nov-11 5,079 Dr. Fate, G.A. Green Lantern, HA 56 9 1965 R5 Nov-11 2,271 % SolomonDr. Grundy Fate HA 56 6 1965 R1 Nov-11 1,793 Psycho Pirate HA

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Spectre (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 12 1967 R4 Feb-18 2,868 1st Issue HA Strange Adventures (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 226 CS8 1970 CS8 May-19 2,280 The Magic-Maker of Rann HA 150 8 1963 R2 May-19 1,800 Atomic Knights HA 135 26 1961 R2 May-19 1,440 Atomic Knights HA 28 1 1953 S3 May-19 13,200 Captain HA 161 C 1964 C1 May-19 8,400 HA 221 C 1969 C5 May-19 26,400 Adam Strange HA 156 13 1953 R1 Mar-17 777 1/3 Page HA 150 12 1963 R2 Feb-17 3,824 Atomic Knights HA 55 1 1955 R1 Feb-17 1,195 The Invisible Spaceman HA 159 C 1963 C1 Feb-17 15,535 16.7 HA 144 2 1962 R1 Feb-17 1,912 HA 144 6 1962 R1 May-16 2,211 Atomic Knights HA 150 4 1963 R1 Nov-15 1,315 HA 150 16 1963 R1 Nov-15 1,315 2/3 Page HA 150 7 1963 R1 Nov-15 1,195 HA 144 C 1962 C2 Aug-15 28,680 Atomic Knights HA 150 10 1963 R2 Aug-15 2,868 Atomic Knights HA 150 9 1963 R2 Aug-15 1,912 HA 150 14 1963 R2 Aug-15 1,673 HA 150 3 1963 R1 May-15 2,868 Atomic Knights HA 150 5 1963 R1 May-15 2,390 Atomic Knights HA 150 15 1963 R1 May-15 2,032 Atomic Knights HA 150 13 1963 R2 Feb-15 3,585 Atomic Knights HA 150 6 1963 R2 Feb-15 3,346 Atomic Knights HA 150 2 1963 R2 Feb-15 2,151 Atomic Knights HA 144 12 1962 R1 Aug-14 2,271 Atomic Knights HA 144 10 1962 R1 Aug-14 1,972 HA 144 11 1962 R1 Aug-14 1,793 HA 144 15 1962 R1 Aug-14 1,673 2/3 Page HA 144 3 1962 R1 Aug-14 1,076 HA 159 C 1963 C1 May-14 10,158 % Star Rovers HA 135 9 1961 R1 Feb-14 1,076 2/3 Page HA 236 C 1972 C1 Feb-12 1,434 HA 153 15 1963 R1 Feb-12 777 2/3 Page HA 153 2 1963 R1 Nov-10 1,076 HA Superman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 233 CS7 1971 CS7 Nov-18 6,600 Jor-El's Golden Folly HA Who’s Who:The Definitive Directory of the DC Universe(DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 Pinup 1985 S2 May-19 1,380 Atomic Knights HA 4 Pinup 1985 S3 May-19 720 Captain Comet HA

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Hawkman 8 by Murphy Anderson © DC 1965 [C5]. Strange Adventures 159 by Murphy Anderson © DC 1963 Sold for $34,655 (2017,HA) [C1]. Sold for $15,535 (2017,HA)

Showcase 55 Page 10 by Murphy Anderson © DC [S5]. Atom and Hawkman 43 Page 1 © DC [R4]. Sold for $22,108 (2017,HA) Sold for $2,390 (2017,HA) Like many long-time inkers, Anderson was also accomplished as a pencil artist. All images used by permission of Heritage Auctions, HA.com

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Summary Statistics by Year Sold - Complete Year Sales Min Max Median Mean 3YrMA 2018 16 657 59,750 1,071 5,530 5,697 2017 9 777 34,655 3,824 9,633 5,272 2016 4 956 2,629 2,061 1,927 2,940 2015 13 1,195 28,680 2,151 4,256 10,025 2014 9 1,076 10,158 1,793 2,636 9,161 2013 2 1,554 44,813 23,183 23,183 8,778 2012 4 568 3,884 1,105 1,666 1,409 2011 7 314 5,079 314 1,485 2010 1 1,076 1,076 1,076 1,076 2009 0 2008 2 831 2,032 1,431 1,431 2007 0 2006 0 2005 2 920 4,313 2,616 2,616 2,923 2004 1 4,485 4,485 4,485 4,485 2,578 2003 2 1,553 1,783 1,668 1,668 1,466 2002 2 1,323 1,840 1,581 1,581 2001 1 1,150 1,150 1,150 1,150

Summary Statistics by Year Sold – All Interiors Year Sales Min Max Median Mean 3YrMA 2018 15 657 7,170 943 1,916 3,019 2017 7 777 22,108 2,390 5,215 3,121 2016 4 956 2,629 2,061 1,927 1,948 2015 12 1,195 3,585 2,091 2,221 1,823 2014 8 1,076 2,390 1,733 1,695 1,664 2013 1 1,554 1,554 1,554 1,554 1,965 2012 3 568 3,884 777 1,743 1,806 2011 4 1,255 5,079 2,032 2,599 2010 1 1,076 1,076 1,076 1,076 2009 0 2008 2 831 2,032 1,431 1,431 2007 0 2006 0 2005 2 920 4,313 2,616 2,616 2004 0 2003 2 1,553 1,783 1,668 1,668 1,466 2002 2 1,323 1,840 1,581 1,581 2001 1 1,150 1,150 1,150 1,150

No plot of means versus 3 year moving average due to the relatively small number of pencil art sales. Note the large difference between the Mean and Median in 2017 and 2018. This highlights the impact that a few big sales prices can have in affecting the average sales price in a year.

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Year Sales Mean 1945-1952 8 818 1953-1961 3 1,016 1962 9 9,600 1963 18 6,111 1964-1966 17 5,938 1968-1972 11 1,431

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Murphy Anderson - Summary Data Grouped by CAT Grades Pole represents range from min to max Box is white when mean > median Box is black when median > mean $70,000

$60,000

$50,000

$40,000 35,926

$30,000

$20,000

15,216 11,469 $10,000 4,313 1,828 2,729

$0 C1-C2 C3-C5 S1-S2 S3-S5 R1-R2 R3-R5 R6-R7

Median Max Min Mean

# Sales Min Max Median Mean C1-C2 3 1,434 28,680 15,535 15,216 C3-C5 4 4,485 59,750 39,734 35,926

S1-S2 1 4,313 4,313 4,313 4,313 S3-S5 2 831 22,108 11,469 11,469

R1-R2 33 568 3,824 1,793 1,828 R3-R5 16 657 7,170 2,390 2,729

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Amazing Spider-Man 179 by Ross Andru and © Marvel 1978 (C7) Sold for $43,020 (2016) through Heritage Auctions Andru’s work on Spider-Man and Superman made him a natural for the first DC/Marvel crossover. Image used by permission of Heritage Auctions, HA.com

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Ross Andru (1927 - 1993 ) Andru was an industry workhorse. He contributed on all the major characters with especially memorable work on Wonder Woman, Spider-Man, , and Superman. His most prominent works spanned the 60s, 70s, and 80s.

Andru may be most acclaimed for his contribution on Spider-Man during the mid- seventies. Two Amazing Spider-Man pages by Andru sold through Heritage Auctions in 2018. Sixty-two mid-seventies Spider-Man pages by Andru sold through Heritage Auctions in the last fifteen years. Over half those pages sold in 2015 and 2016. The average price for R6 pages sold in 2015-2016 is $3,326, while the R6 page in 2018 sold for only $2,880. However, the other pages were published slightly earlier possibly accounting for the difference.

The large number of sales during 2015-2016 may have also spurred interest and drove up demand a little during that period. This is another example of an artist’s works becoming available in bunches. While the relative impact on price is unknown, it is entertaining for spectators and connoisseurs who enjoy seeing these reminders of the past.

Ross Andru’s longest work on a single character was a ten-year run on Wonder Woman starting in the late fifties. In the eighties, Andru penciled many DC covers including Wonder Woman. One cover featuring Wonder Woman and a host of female DC heroes sold for $5,258 (C6) in 2018. From 2005 to 2011, three other Wonder Woman covers graded C6 also sold for $978, $3,021, and $2,390. These four covers are similar enough in content, grade, and time period to be a good representation of the market during that period. The cover of Wonder Woman 154 auctioned for $38,240 in 2016, but it is not a good page for comparison. That cover is from Andru’s silver age run.

A highlight from my comic reading childhood occurred when DC and Marvel teamed up to pit Superman vs. Spider-Man. As an artist who worked both heroes, Andru was a natural choice. One page sold through Heritage Auctions for significantly more than previous pages from the book (page 45, $8,365, (R4), 2018). Further, this page sold for $748 in 2002. The compounded growth rate for the page was 16.5%. Additional pages from this story made it to market in 2019.

Fandom clamors for classic matches such as a slugfest between Hulk and the Thing, or a race between Superman and Flash. The Race to determine the Fastest Man Alive during the silver age began in Superman 199, continued in Flash 175, and culminated in World’s Finest 198,199. One outstanding page from the series sold in 2018 (Flash 175 page 6, $4,800, R8). I graded it R8 for its content with Plus One for significance. Another half- page from the story did not garner the plus one treatment because the Superman-Flash race element was not as apparent. There was no good comparison sales data for the R8 page.

Mid-Year Update Ross Andru pencils graced numerous Superman covers in the early eighties. Action Comics 524 cover art (C6, $3,600) provides a direct comparison to a prior sale. The

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compounded growth rate from the prior sale in 2010 is 10.4%. The earlier sales price of $1554 appears to be a bargain in hindsight.

A plethora of Andru Amazing Spider-Man pages (with one cover) sold in the first half of 2019 through Heritage Auctions. Two high grade pages (R7,R6) from Amazing Spider- Man 136 featuring the Green Goblin were especially strong. The average price of $21,000 compares to cover sales from a few years prior. The recent sales were for pages published in 1974 compared to covers from 1978. The year or period of publication often is a significant differentiator. Another important element of these pages is Green Goblin. Easily recognizable super-villains can be just as important as the heroes.

Other Spider-Man pages ranged in grade from R1 to R7 with sales prices ranging from $750 to $22,800. The price differences reflected the CAT grades but also the publication date. Considering pages ranging from R3 to R5, five pages sold in 2019 for $2,520 average. In 2015-16, 15 pages in the CAT range averaged $3,936. From 2003-09, seven pages averaged only $910. The pages from 2015-16 were buoyed by the $16,133 sales price for a page from ’s 1st appearance in Amazing Spider-Man 129. There were also several pages featuring major Spider-Man villains.

Marvel Team-Up 1 is a bronze age first issue for a long running series. That makes it borderline landmark. A page from the inaugural issue sold in 2019 (Page 18, $2,520, R6). A similar grade page from issue 1 sold in 2003 for $426. This is a fair comparison. The annual growth rate is 11.8% when comparing these two pages.

Andru did a lot of work outside the superhero genre. Weird War Tales 113 cover featuring GI Robot sold for $2,040 for a CGR of 14.2% compared to its prior sale. Weird War Tales (did a variety of genres) 113 C GI Robot, 2040 14.2% CGR. I apologize to any fans of GI Robot (if any are reading this). I grade the character as an unknown resulting in a CAT grade of C1.

A group of characters with a much larger fan base are the X-Men. Prior to when greats like Cockrum and Byrne worked on X-Men, Andru penciled issue 36 page 15. In a five- year period, that page enjoyed an 8.5% compounded growth rate.

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Superman vs. The Amazing Spider-Man page 45 by Ross Andru, World’s Finest Comics 300 Page 40 by Ross Andru and Dick Giordano, and © DC/Marvel [R4]. © DC [R7]. Sold for $3,120 (2018,HA) Sold for $8,365 (2018,HA)

Superman 343 by Ross Andru and Dick Giordano © DC [C6]. Unseen 5 Page 2 by Ross Andru © 1952 Sold for $6,274 (2018,HA) [R1]. Sold for $311 (2018,HA) In the 1950s, Andru drew Standard Comics like Joe Yank, Jet Fighters, and Unseen. All images used by permission of Heritage Auctions, HA.com

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Andru, Ross Action Comics (DC) featuring Superman Pub Sold Issue Page Key Price CGR Comment Src Date Date 524 C 1981 C6 May-19 3,600 10.4 HA 490 C 1978 C6 Aug-17 3,824 HA 366 13 1968 R6 May-17 1,016 Justice League HA 599 12 1988 R3 Mar-16 179 HA 524 C 1981 C6 Nov-10 1,554 % HA 500 WC 1979 C7 May-08 2,868 Anniversary Issue HA 599 19-21 1988 G3 Nov-03 322 Metal Men HA 599 17,18 1988 G2 Nov-03 236 Metal Men HA 543 C 1983 C4 Oct-03 495 Neutron HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 477 C 1980 C4 Feb-05 1,035 Aquaman, Starman, HA All-American (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 92 6 1962 R1 Nov-14 2,271 HA Amazing Spider-Man (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 182 7 1978 R2 Jun-19 750 HA 156 18 1976 R3 May-19 2,280 HA 180 13 1978 R4 May-19 2,160 Green Goblin HA 131 3 1974 R3 May-19 1,920 Doc Ock and Hammerhead HA 136 15 1974 R7 May-19 22,800 Spider-Man vs. Green Goblin HA 136 22 1974 R6 May-19 19,200 Spider-Man vs. Green Goblin HA 176 C 1978 C6 May-19 31,200 HA 177 30 1978 R4 Apr-19 2,400 Green Goblin HA 161 11 1976 R5 Apr-19 3,840 HA 134 15,16 1974 R7 Feb-19 12,000 Tarantula HA 183 15 1978 R6 Nov-18 2,880 HA 171 14 1977 R1 Jun-18 528 HA 139 18 1974 S3 May-17 5,736 The Jackal HA 182 27 1978 R6 Nov-16 2,151 HA 183 2 1978 R5 Nov-16 1,315 HA 129 6 1974 R2 May-16 3,107 HA 159 16 1976 R4 May-16 2,390 HA 159 26 1976 R5 May-16 2,271 Dr. Octopus HA 159 6 1976 R3 May-16 1,673 HA 177 10 1978 R2 May-16 1,135 HA 159 15 1976 R2 May-16 526 HA 179 1 1978 S7 May-16 15,535 The Goblin's Always Greener HA 177 1 1978 S4 May-16 5,258 Goblin In The Middle HA 159 3 1976 R6 May-16 3,824 Hammerhead, Dr. Octopus HA 159 2 1976 R6 May-16 3,705 Hammerhead, Dr. Octopus HA 143 3 1975 R5 May-16 2,211 HA 159 27 1976 R4 May-16 2,091 Dr. Octopus HA 159 14 1976 R1 Feb-16 1,135 Spider-Mobile HA 142 17 1975 R2 Feb-16 896 HA

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Amazing Spider-Man (Marvel) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 179 C 1978 C7 Feb-16 43,020 Green Goblin, HA 159 C 1976 C7 Feb-16 20,315 Dr. Octopus, Hammerhead HA 158 17 1976 S5 Feb-16 7,768 Hammerhead, Dr. Octopus HA 177 14 1978 R4 Feb-16 7,170 Green Goblin Flashback HA 177 15 1978 S4 Feb-16 5,736 Green Goblin HA 159 31 1976 R6 Feb-16 3,824 Dr. Octopus HA 178 3 1978 R4 Feb-16 3,824 Green Goblin HA 178 2 1978 R4 Feb-16 3,107 Green Goblin HA 159 17 1976 R5 Feb-16 2,629 Dr. Octopus HA 159 22 1976 R4 Feb-16 2,390 Hammerhead, Dr. Octopus HA 159 18 1976 R6 Feb-16 2,151 Hammerhead, Dr. Octopus HA 159 30 1976 R2 Feb-16 1,076 HA 185 C 1978 C6 Nov-15 19,718 Peter Parker's Graduation HA 129 26 1974 R5 Nov-15 16,133 1st appearance Punisher HA 159 1 1976 S7 Nov-15 11,950 Dr. Octopus, Hammerhead HA 179 2 1978 R5 Nov-15 5,736 Green Goblin HA 159 10 1976 R6 Nov-15 4,302 Dr. Octopus HA 159 13 1976 R5 Nov-15 3,466 Hammerhead, Dr. Octopus HA 159 5 1976 R5 Nov-15 2,629 Dr. Octopus HA 142 16 1975 R2 Nov-15 2,032 HA 134 6 1974 R3 Aug-13 2,390 Dr. Octopus HA 163 22 1976 R6 Jul-12 2,629 HA 146 10 1975 R3 Jun-11 1,076 Scorpion HA 138 7 1974 R1 Aug-10 598 Mindworm HA 158 1 1976 S6 May-10 4,183 Hammerhead Is Out HA 163 23 1976 R4 Nov-09 1,076 Kingpin HA 152 1 1976 S4 Jan-07 4,332 Shattered By The Shocker HA 152 31 1976 R5 Jan-07 1,434 Shocker HA 152 16 1976 R6 Jan-07 1,016 HA 152 18 1976 R5 Jan-07 956 Shocker HA 152 2 1976 R6 Jan-07 717 HA 152 3 1976 R6 Jan-07 717 HA 152 14 1976 R3 Jan-07 227 HA 151 22 1975 R7 Feb-05 2,070 HA 151 30 1975 R7 Feb-05 1,840 Shocker HA 176 27 1978 R7 Nov-03 1,725 Spiderman vs. Green Goblin HA 177 31 1978 R4 Nov-03 978 Green Goblin HA 142 27 1975 R7 Oct-03 1,380 HA 146 26 1975 R6 Oct-03 805 Scorpion HA 147 30 1975 R4 Oct-03 806 Jackal HA 128 23 1974 Aug-03 891 HA 130 32 1974 Aug-03 891 HA 138 30 1974 R6 Aug-03 589 HA Batman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 213 CS12 1969 CS12 Nov-14 7,768 Origin of HA 409 G3 1987 G3 Nov-03 178 Pages 9,10,13 HA

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Best of DC (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 27 WC 1982 C7 Aug-15 3,346 Superman vs. Luthor HA 1 C 1979 C7 Jul-12 1,016 1.7 Superman HA 8 WC 1980 C6 Feb-05 1,150 Superman HA 15 WC 1981 C5 Jul-03 450 HA 1 C 1979 C7 Dec-02 863 % Superman HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 16 18 1987 R3 Oct-17 215 HA Brave and the Bold (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 199 14,23 1983 G2 Mar-18 430 Spectre HA 199 23,26 1983 G2 Mar-18 657 Spectre HA 199 8 1983 R6 Jan-18 2,032 Spectre HA 89 6 1970 R2 May-13 103 HA 89 24 1970 R3 May-13 125 HA 89 4 1970 R3 Apr-13 155 HA 199 G7 1983 G7 Oct-03 236 Spectre, Pages 1,4,5,8,9,12,13 HA Creatures on the Loose (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 18 3 1972 R1 Jan-16 777 HA 18 1 1972 S1 Feb-04 184 Wasteland on a Weirdling World HA DC Comics Presents (DC) featuring Superman Pub Sold Issue Page Key Price CGR Comment Src Date Date 53 C 1983 C5 Feb-16 2,868 House of Mystery HA 25 C 1980 C5 Jul-04 891 HA DC Special Blue Ribbon Digest (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 WC 1980 C5 Feb-17 4,183 Flash, G.A. Flash, more HA 15 WC 1981 C5 Aug-14 1,673 Secret Origins of the Super-Villains HA 4 C 1980 S3 Jan-11 114 Star Sapphire, HA DC Special Series (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 26 18-19 1981 S3 Aug-15 454 Superman / Incredible Fortress of HA 26 1 1981 S5 Aug-10 359 Superman / Incredible FortressSolitude of HA Solitude (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 6 1972 R2 Mar-17 657 HA 2 8 1972 R3 Jan-16 287 HA 7 17 1973 S5 Nov-10 538 HA 6 1 1973 S2 Feb-04 178 Where Giants Walk HA 6 2,6 1973 G2 Jul-03 121 HA

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Fantastic Four (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 146 16,17 1974 S7 Feb-19 2,760 HA 145 2 1974 R4 Nov-08 508 Medusa HA 131 31 1973 R4 Jul-03 330 Omega HA Fight Against Crime (Story Comics) Pub Sold Issue Page Key Price CGR Comment Src Date Date 14 G11 1953 G11 Nov-07 508 HA Flash (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 175 11 1967 R3 May-19 288 Superman, 1/2 Page HA 175 6 1967 R8 Nov-18 4,800 Superman vs Flash race HA 191 6 1969 R2 Sep-18 408 Green Lantern HA 191 15 1969 R5 Sep-18 720 Green Lantern HA 179 9 1968 R5 Aug-18 1,080 HA 185 7 1969 R2 Dec-17 143 -31.8 HA 181 7 1968 R2 Aug-17 526 HA 185 9 1969 R1 Sep-16 203 HA 185 10 1960 R1 Sep-16 227 HA 185 4 1969 R2 Sep-16 259 HA 185 5 1969 R2 Sep-16 155 HA 185 6 1969 R2 Aug-16 263 HA 185 7 1969 R2 Aug-16 239 % HA 185 8 1969 R1 Aug-16 109 2/3 Page HA 185 11 1969 R1 Aug-16 179 HA 179 1 1968 R3 Nov-15 2,151 HA 192 1 1969 R2 Aug-15 1,016 The Day the Flash Failed HA 192 24 1969 R2 Aug-15 359 HA 191 1969 G3 Mar-15 837 Green Lantern HA 186 8,11,122 1969 R3 Aug-14 669 Sargon the Sorcerer HA 2 189 14 1969 R2 Sep-13 251 HA 189 16 1969 R2 Sep-13 251 HA 189 15 1969 R1 Sep-13 167 HA 183 C 1968 C2 Nov-12 4,481 HA 180 9 1968 R2 Nov-10 108 HA 179 22 1968 R4 Nov-10 287 HA 192 6 1969 R1 Mar-10 155 2/3 Page HA 177 C 1968 C4 Feb-10 9,560 HA 179 13 1968 R3 Aug-07 388 HA 184 G4 1968 G4 May-07 335 Pages 2,17,18,23 HA 183 20 1968 R3 Jan-05 173 HA 284 C 1980 C5 Aug-04 1,955 HA 189 3 1969 R5 Jun-04 184 HA 180 19 1968 R4 Nov-03 184 HA 281 C 1980 C5 Jul-03 1,035 Reverse-Flash HA 191 1 1969 S1 Dec-02 1,150 HA Get Lost (Mike Ross Publications) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 3 1954 R1 Dec-17 454 HA 1 5 1954 R1 Oct-17 502 HA

52

Andru

Get Lost (Mike Ross Publications) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 23 1954 R1 Nov-07 131 HA 2 CS6 1954 CS6 Jul-03 346 I Killed Cock Robin HA Giant-Size Spider-Man (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 9 1975 R7 Nov-18 8,700 Punisher HA 2 23 1974 R5 Aug-15 1,912 HA 2 22 1974 R6 Aug-15 1,554 HA 2 3 1974 R5 Aug-15 1,315 HA 3 1 1975 S5 Aug-14 5,378 HA 4 2 1975 R6 Oct-03 529 HA (Skywald) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 1971 R1 Aug-17 263 HA Heart and Soul (Mike Ross Publications) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 CS8 1954 CS8 Apr-04 357 Gigolo HA Heroes Against Hunger (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 11 1986 R6 Feb-08 108 HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 44 31 1972 R2 Jun-04 127 Ant-Man HA 44 19,21 1971 G2 Nov-03 116 Ant-Man HA Jet Fighters (Standard Magazines) Pub Sold Issue Page Key Price CGR Comment Src Date Date 6 CS7 1952 CS7 May-07 478 MIG Alley Matinee HA 7 CS6 1952 CS6 Oct-02 357 Spook Squadron HA Joe Yank (Standard Magazines) Pub Sold Issue Page Key Price CGR Comment Src Date Date 12 CS1 1953 R1 Nov-18 400 Photo Jet Fracas HA 11 1 1952 R1 May-17 311 Model Soldier HA 12 CS8 1953 CS8 Aug-16 717 6.2 Farewell McGurk HA 12 CS6 1953 CS6 Jul-16 717 5.5 Battle of the Sexes HA 9 6 1952 R1 Jun-15 215 Hermit Girl HA 12 CS6 1953 CS6 May-12 717 Go Get Lulu HA 12 CS6 1953 CS6 Feb-11 538 % Battle of the Sexes HA 12 CS8 1953 CS8 Nov-10 508 % Farewell McGurk HA 9 CS7 1952 CS7 May-08 418 Miss Foxhole of 1952 HA CS8 1953 CS8 Nov-06 323 A Good Way to Die HA

53

Andru

Jonah Hex (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 72 C 1983 C4 Nov-13 1,016 1.8 HA 72 C 1983 C4 Jul-04 863 % HA Lost Worlds (Standard Magazines) Pub Sold Issue Page Key Price CGR Comment Src Date Date CS1 1952 CS1 Dec-07 120 Visitors From Space HA (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 13 1972 R3 Feb-19 1,140 Hulk HA 1 19 1971 R5 May-18 5,019 Defenders HA 3 22 1972 R5 May-16 1,554 11.2 Defenders HA 1 5 1971 R2 May-15 2,032 HA 1 4 1971 R2 May-15 1,315 Doctor Strange HA 3 2 1972 R1 Feb-15 526 HA 1 7 1971 R4 Feb-15 2,390 Doctor Strange, Sub-Mariner HA 1 3 1971 R4 Feb-15 2,151 Doctor Strange HA 1 2 1971 R3 Nov-14 2,032 Doctor Strange HA 2 17 1972 R5 Aug-06 301 Defenders HA 3 22 1972 R5 Jan-06 518 % Defenders HA 2 6 1972 R5 Jan-06 489 Defenders HA 2 16 1972 R4 Jan-06 196 Sub-Mariner HA 1 15 1971 R5 Feb-04 403 Defenders HA 3 17 1972 R2 Feb-04 127 HA 2 11,15 1972 G2 Nov-03 161 Doctor Strange, Sub-Mariner HA 1 10 1971 R5 Jul-03 518 HA 2 12 1972 R3 Jul-03 300 Sub-Mariner HA 1 14 1971 R5 Jul-03 236 Sub-Mariner, Hulk HA 3 15 1972 R2 Jul-03 230 Hulk HA 3 11 1972 R3 Mar-03 467 Doctor Strange HA 2 18 1972 R3 Mar-03 282 Sub-Mariner, Hulk HA Marvel Team-Up (Marvel) featuring Spider-Man Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 18 1972 R6 May-19 2,520 Spider-Man/Torch 1st Issue HA 12 19 1973 R5 May-17 2,032 HA 61 C 1977 C6 Nov-16 8,963 HA 7 1 1973 S6 Feb-15 3,346 A Hitch In Time HA 3 1 1972 S1 Aug-14 1,434 HA 15 23 1973 R3 Jun-13 490 HA 15 26 1973 R7 May-13 1,793 Ghost Rider HA 15 27 1973 R6 May-13 1,315 Ghost Rider HA 15 G3 1973 G3 Mar-13 1,255 Ghost Rider, pages 17,18,22 HA 15 16 1973 R6 Feb-13 1,004 Ghost Rider HA 12 21 1973 R6 Feb-13 837 HA 15 15 1973 R5 Feb-13 693 Ghost Rider HA 12 18,19 1973 G2 Feb-13 490 Werewolf By Night HA 12 28 1973 R5 Jan-13 777 HA 12 27 1973 R5 Dec-12 837 Werewolf By Night HA 3 5 1972 R6 Nov-11 2,151 HA

54

Andru

Marvel Team-Up (Marvel) featuring Spider-Man continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 15 7 1973 R1 Feb-09 657 Ghost Rider HA 15 11 1973 R3 Feb-09 657 Ghost Rider HA 7 18 1973 R7 May-08 1,490 HA 2 16 1972 R5 Nov-06 478 Morbius HA 7 11 1973 R5 Feb-04 357 HA 1 20 1972 R6 Nov-03 426 Human Torch HA 1 16 1972 R4 Nov-03 345 HA 15 31 1973 R4 Nov-03 104 Ghost Rider HA 1 9 1972 R4 Jul-03 518 HA New Adventures of Superboy (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 38 C 1983 C4 Feb-16 2,032 HA 30 C 1982 C4 Nov-07 508 HA New Teen Titans (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 16 11 1982 I4 Nov-11 956 Captain Carrot and Superman HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 16 4 1953 R1 Feb-19 384 % HA 16 1 1953 R1 Nov-07 502 % Traffic Cop Soldier HA 16 G4 1953 G4 Oct-05 374 % Battle of the Bugles, pages 1,4,5,6 HA 243 CS8 1971 CS8 Nov-03 178 ♦ ♦ 82.4% Net gain, Rita, A Truck HA Our Fighting Forces (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 128 1 1970 R1 Apr-19 384 HA 128 13 1970 R1 Aug-18 408 HA 127 2-3 1970 S2 Nov-16 956 HA Police Trap (Mainline) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 G4 1955 G4 Dec-17 454 1.6 Doctor for the Dead, no splash page HA 4 G5 1955 G5 Nov-12 418 % Doctor for the Dead HA Shanna, the She-Devil (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 12 1973 R1 Jul-18 252 HA 4 10 1973 R2 Jul-18 186 HA 4 26 1973 R2 Jun-18 216 HA 4 19 1973 R1 Jun-18 180 HA 4 7 1973 R1 Feb-17 335 HA 4 11 1973 R1 Feb-17 287 HA Spider-Man: Fear Itself (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 35 1992 R6 May-18 406 HA

55

Andru

Star Spangled War Stories (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 103 9 1962 R1 May-18 3,585 HA 107 17 1962 R1 Feb-16 382 1/2 Page HA 103 8 1962 R1 Feb-15 1,076 HA Sub-Mariner (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 39 5 1971 R4 Feb-18 598 HA 37 10 1971 R4 Oct-17 430 4.8 HA 37 3 1977 R5 May-17 538 HA 37 1 1971 R3 Nov-16 1,912 The Way to Dusty Death HA 38 13 1971 R2 Feb-16 598 1/2 Page HA 37 5 1971 R3 Aug-14 1,076 HA 39 1 1971 R4 May-06 538 HA 39 4 1971 R5 Oct-05 920 And Here I'll Stand HA 39 3,9 1971 G2 Nov-04 230 May be misidentified HA 37 10 1971 R4 Jun-04 230 % HA 37 8,9 1971 G2 Jul-03 150 HA Superboy Spectacular (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 C 1980 C5 Aug-14 3,107 HA Superman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 343 C 1980 C6 May-18 6,274 HA 211 1 1968 S3 Nov-17 1,315 HA 339 C 1979 C6 Aug-15 2,629 HA 360 C 1981 C6 Aug-10 1,793 HA 361 C 1981 C5 Aug-10 1,195 HA Superman Family (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 204 C 1980 C3 Aug-06 1,554 HA Superman vs. The Amazing Spider-Man (DC/Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 31,32 1976 R5 May-19 2,040 Lex Luthor & Doctor Octopus HA 71 1976 R6 May-19 3,120 14.1 HA 85 1976 R7 Apr-19 6,600 13.0 HA 45 1976 R4 May-18 8,365 16.5 HA 21 1976 R6 Aug-15 5,856 Doc Octopus HA 52,53 1976 S8 Nov-07 5,676 Superman and Spider-Man battle HA 85 1976 R7 Nov-02 891 ♦ ♦ 84.5% gain, Luthor, Doc Ock HA 71 1976 R6 Nov-02 357 ♦ ♦ -37.9 % loss HA 91 1976 R7 Jul-02 1,840 HA 48 1976 R7 Jul-02 1,006 HA 65 1976 R6 Jul-02 753 HA 45 1976 R4 Jul-02 748 % HA 71 1976 R6 Jul-02 575 % HA 85 1976 R7 Jul-02 483 % HA

56

Andru

Superman’s Girl Friend, (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 108 6 1971 R2 Mar-13 430 34.8 HA 108 6 1971 R2 Jan-10 167 18.3 HA This Is War (Standard) Pub Sold Issue Page Key Price CGR Comment Src Date Date 6 CS7 1952 CS7 Sep-16 717 Engineers Have Hairy Ears HA 7 CS6 1953 CS6 Nov-08 311 G. I. Quarterback HA Unseen (Standard) Pub Sold Issue Page Key Price CGR Comment Src Date Date 5 2 1952 R1 May-18 311 6.5 HA 5 4 1952 R1 Aug-16 502 HA 5 7 1952 R1 Feb-16 335 HA 5 2 1952 R1 Sep-15 263 % The Nine Horrors HA Up Your Nose and Out Your Ear (Standard) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 CS7 1972 CS7 Aug-07 263 Thelma of the Apes HA 1 CS9 1972 CS9 Aug-07 263 Garlic Man HA 1 CS6 1972 CS6 Aug-07 239 Greta Garish HA 1 CS4 1972 CS4 Aug-07 203 Ace of Spades HA 1 CS3 1972 CS3 Aug-07 131 The Trials and Tribulations HA (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 9 11 1984 R2 Oct-16 203 HA 7 C 1984 C3 Oct-05 345 HA Vigilante Annual (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 2 G10 1986 G10 May-06 287 Trials and Tribulations HA Weird War Tales (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 113 C 1982 C1 Feb-19 2,040 14.2 G.I. Robot HA 113 C 1982 C1 Nov-13 1,016 G.I. Robot HA Who Is Next? (Standard) Pub Sold Issue Page Key Price CGR Comment Src Date Date 5 4 1953 R1 Feb-12 108 HA

57

Andru

Wonder Woman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 293 C 1982 C6 May-18 5,258 DC Female Heroes HA 154 C 1965 C5 May-16 38,240 HA 269 C 1980 C6 Nov-11 2,390 HA 311 C 1984 C6 Nov-09 3,021 HA 291 C 1982 C6 Aug-05 978 Zatanna HA World’s Finest Comics (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 300 40 1984 R7 Aug-18 3,120 HA 300 18 1984 R3 Feb-16 143 Justice League HA 181 19 1968 R6 Jan-16 430 15.8 World HA 181 17 1968 R6 Jan-16 406 15.3 HA 187 4 1969 C6 Aug-15 837 HA 187 7 1969 R5 Aug-15 687 Benjamin Franklin HA 186 16 1969 R6 Mar-13 430 HA 300 4 1984 S2 Sep-11 102 HA 300 45 1984 R5 Sep-11 239 Justice League HA 274 C 1981 C6 May-06 1,512 HA 296 G6 1983 G6 Oct-03 173 Batman pages 13,17,19,20,21,22 HA X-Men (Marvel) Pub Sold Issue Page Key Price CGR Comment Src Date Date 36 15 1967 R4 May-19 2,640 8.5 HA 36 14 1967 R5 Dec-17 1,972 7.4 HA 36 13 1967 R4 Nov-15 2,271 -34.9 HA 36 13 1967 R4 Aug-14 3,884 % HA 36 15 1967 R4 Aug-14 1,793 % HA 36 14 1967 R5 Aug-14 1,554 % HA

The Grading Companion provides descriptions and examples of each CAT grade. Though the proprietary CAT score is only found in the Comic Art Trends Price Guide, an astute observer can easily apply the principles of the grading scale to any published original comic book art. In fact, that is one of the primary objectives of creating a standard means by which to compare unique pages of art.

58

Andru

Amazing Spider-Man 159 Page 1 by Ross Andru and Mike Doc Savage 7 Page 17 by Ross Andru and © Esposito © Marvel [S7]. Sold for $11,950 (2015,HA) Marvel [S5]. Sold for $538 (2010,HA)

Wonder Woman 154 by Ross Andru and Mike Esposito X-Men 36 Page 14 by Ross Andru and © DC 1965 [C5]. Sold for $38,240 (2016,HA) © Marvel 1967 [R5]. Sold for $1,972 (2017,HA) Doc Savage, introduced in the 1930s, had all the attributes of a superhero sans costume. All images used by permission of Heritage Auctions, HA.com

59

Andru

Ross Andru- Summary by Year Sold Mean Sales Price Plotted with 3 Year Moving Average Includes Covers, Splashes, and Interior Pages

$3,500 500 3,167 450 $3,000 2,853 400

$2,500 350 2,104 300 $2,000 250

$1,500 1,361 200 1,054 959 $1,000 912 150 689 638 628 582 533 100 $500 275 295 202 231 238 50

17 87 28 13 26 71 20 6 22 13 16 24 24 33 76 24 27 $0 0

# Sales Mean 3YrMA

Summary Statistics by Year - Complete Year Sales Min Max Median Mean 3YrMA 2018 27 180 8,700 528 2,104 2,004 2017 24 99 5,736 442 1,054 2,358 2016 76 25 43,020 466 2,853 2,460 2015 33 215 19,718 2,032 3,167 1,719 2014 24 34 5,378 647 1,361 876 2013 24 98 2,390 424 628 616 2012 16 84 4,481 120 638 727 2011 13 90 2,390 102 582 818 2010 22 47 9,560 131 959 722 2009 6 28 3,021 657 912 494 2008 20 52 2,868 60 295 269 2007 71 29 5,676 46 275 401 2006 26 29 1,554 40 238 386 2005 13 69 2,070 345 689 374 2004 28 29 1,955 86 231 322 2003 87 12 1,725 59 202 2002 17 36 1,840 483 533

60

Andru

Ross Andru - Summary Statistics By Year Sold Mean Sales Price Plotted with 3 Year Moving Average Interior and Splash Pages $3,000 400 2,689 350 $2,500 300

$2,000 1,811 250

1,468 $1,500 200 1,268

150 $1,000 786

605 593 100 512 490 389 431 $500 337 271 186 50 141 130 160 16 84 26 9 24 70 19 5 18 12 14 22 22 29 71 22 25 $0 0

# Sales Mean 3YrMA

Summary Statistics by Year – All Interior Pages Year Sales Min Max Median Mean 3YrMA 2018 25 180 8,700 408 1,811 1,355 2017 22 99 5,736 382 786 1,647 2016 71 25 15,535 382 1,468 1,808 2015 29 215 16,133 1,912 2,689 1,516 2014 22 34 5,378 647 1,268 732 2013 22 98 2,390 418 593 454 2012 14 84 2,629 120 337 386 2011 12 90 2,151 96 431 437 2010 18 47 4,183 64 389 346 2009 5 28 1,076 657 490 307 2008 19 52 1,490 60 160 187 2007 70 29 5,676 46 271 336 2006 24 29 538 40 130 292 2005 9 69 2,070 94 605 311 2004 26 29 891 75 141 280 2003 84 12 1,725 58 186 2002 16 36 1,840 420 512

61

Andru

Ross Andru - Summary Data by CAT Score Pole represents range from min to max Box is white when mean > median Box is black when median > mean $50,000

$45,000

$40,000

$35,000

$30,000

$25,000

$20,000

$15,000

$10,000 6,566 6,462 4,306 $5,000 2,849 1,947 1,133 1,444 420 199 $0 C1-C2 C3-C5 C6-C7 S1-S2 S3-S5 S6-S7 R1-R2 R3-R5 R6-R7

Median Max Min Mean

# Sales Min Max Median Mean C1-C2 3 345 4,481 1,016 1,947 C3-C5 16 450 38,240 1,374 4,306 C6-C7 20 837 43,020 2,749 6,566 S1-S2 10 28 1,434 140 420 S3-S5 13 29 7,768 1,315 2,849 S6-S7 6 891 15,535 3,764 6,462 S8 1 5,676 5,676 5,676 5,676 R1-R2 280 12 3,585 68 199 R3-R5 123 29 16,133 518 1,133 R6-R7 53 29 8,700 891 1,444 R8 1 4,800 4,800 4,800 4,800

62

Andru

Ross Andru - Summary by Year Published

$45,000

$40,000 One Wonder Woman cover sale from Andru's long run on the title.

$35,000

DC Superhero titles like Flash, World's Finest, and Superman

$30,000

Most are Amazing Spider-Man pages

$25,000 X-Men Long run on DC Comics with pages. titles like Action Comics, Brave and the Bold, Vigilante, Blue Beetle Best of DC, etc. $20,000 Many less known works from Standard Comics and MikeRoss Publications.

$15,000 58 54

$10,000 36 36 35 37 32 25 22 $5,000 17 16 1212 11 12 10 8 10 4 4 4 6 4 6 5 1 1 3 2

$0

1969 1984 1952 1953 1954 1955 1960 1962 1965 1967 1968 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1986 1987 1988 1992

Year Sales Mean

63

Andru

The single sale of the Wonder Woman 154 in the above chart skewed the chart compressing the majority of the sales data. I stretched the chart to better illustrate the differences among the other pages. Besides the silver age Wonder Woman cover, four other Wonder Woman covers from 1980 – 1984 also sold. Their sales prices were much less illustrating the importance of the publication date. These covers contributed to better average prices for modern age DC comics depicted in the graph, but certainly did not have the big impact of the first cover.

Many Spider-Man pages from the mid to late seventies were sold. They commanded the best price among interior pages by Andru. Andru’s Spider-Man art included Marvel Team-Up, Amazing Spider-Man, and the first Marvel/DC crossover that also starred Superman.

Year Sales Mean 1952-55 111 99 1960 1 227 1962 4 1,828 1965 1 38,240 1967 4 2,709 1968 25 914 1969 36 478 1970 6 302 1971 32 735 1972 58 231 1973 35 600 1974 12 2,969 1975 12 2,310 1976 37 3,299 1977 3 3,343 1978 16 7,694 1979 4 1,653 1980 11 2,153 1981 10 907 1982 6 2,010 1983 22 452 1984 8 901 1986 12 35 1987 5 98 1988 10 89 1992 2 217

64

Brave and the Bold 124 by Jim Aparo © DC 1976 (C7) Sold for $28,680 (2018) through Heritage Auctions Aparo and injected themselves into Batman’s team up adventure. Image used by permission of Heritage Auctions, HA.

65

Jim Aparo (1932 - 2005) First comic book art at for Dick Giordano. Aparo illustrated many genres but his most popular Charlton art is probably on . Later, Aparo successfully brought Aquaman, Phantom Stranger, and Spectre to life for DC. He illustrated most of DC’s popular heroes on his long run of Brave and the Bold issues featuring Batman.

The Spectre during the Adventure Comics run by Aparo is a Plus One hero.

During 2018, 67 lots of Aparo’s published original comic art sold through Heritage Auctions. Seven Aparo covers sold with two especially significant works: Adventure Comics 440 featured the Spectre during the highly acclaimed series of the seventies; one might joke that Brave and the Bold 124 was even more haunting featuring a fearful Jim Aparo. Both covers sold at a premium compared to other Aparo cover sales. Other recent sales of higher-grade covers sold for an average price of $10,600.

The Brave and the Bold title dominated sales with forty-five of the 67 lots sold in 2018. Considering only the interior B&B pages, the average price was over $1800. Very few B&B interior pages sold in the prior two years making a comparison difficult. Batman title interiors featuring Aparo art from 2016 to 2018 sold for an average of $900 for 24 sales. Year over year comparisons between 2019 and 2018 should be interesting as several more pages of Brave and the Bold art have already sold in 2019.

Aparo’s art graced the Brave and the Bold for over a decade. Interestingly, the CAT scale grade was a greater indicator of relative price for pages sold in 2018 than the year published. Often, older pages or pages during a prime period sell at a premium. I prefer Aparo’s early B&B art and suspect a lot of collectors share that preference, but sales prices are the ultimate indicators.

Aquaman is a signature character for Aparo. In the last 3 years, the average sales price for interior Aquaman pages (mostly from the late sixties and early seventies) was $1300. There appears to be a healthy upward trend, however, it is always preferable to compare like pages when possible. The characteristics that make pages similar should include: featured character, time period of publication, and the CAT scale grade. Comparing only interior pages from Aquaman’s solo title 1968-1971:

2018: (four pages sold – R5,R3,R5,R4) Average price - $1,655 2016: (four pages sold – R5,R2,R5,R2) Average price - $1,081 2012-2014: (four pages sold – R4,R3,R2,R4) Average price - $681 (much lower grades) 2005-2007: (four pages sold – R5,R3,R3,S6) Average price - $347 (includes splash page)

Few Aparo Charlton pages sold in 2018. One notable sale was for the cover of 76. Previously, this cover sold in 2014 for $1,434. When the same cover sold in 2018, the compounded growth rate was 14.5%, a nice return by any standard.

Refer to Page 74 for the Mid-Year update.

66

Adventure Comics 440 by Jim Aparo © DC [C6]. Brave and the Bold 142 page 1 by Jim Aparo © DC [S6]. Sold for $52,580 (2018,HA) Sold for $5,258 (2018,HA)

Aquaman 52 page 4 by Jim Aparo © DC [R4]. Phantom Stranger 22 page 16 by Jim Aparo © DC [R4]. Sold for $1,255 (2018,HA) Sold for $1,793 (2018,HA) Adventure Comics cast the Spectre like an avenging spirit in a pre-code horror story. All images used by permission of Heritage Auctions, HA.com

67

Aparo, Jim Adventure Comics (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 450 C 1977 C5 May-19 7,800 HA 433 12 1974 R4 May-18 8,963 Spectre HA 447 1 1976 R2 May-18 1,016 Aquaman/ HA 433 1 1974 S5 May-18 17,925 Spectre HA 448 1 1976 S5 May-18 3,107 Aquaman HA 440 C 1975 C6 May-18 52,580 Spectre HA 447 11 1976 R3 Apr-18 657 Aquaman HA 447 3 1976 R4 Mar-18 406 Aquaman HA 451 C 1977 C5 Nov-14 5,079 Aquaman, HA 432 2 1974 R1 Nov-07 657 HA 432 4 1974 R1 Nov-07 263 HA 432 6 1974 R2 Jan-06 460 HA 443 7 1975 R4 Oct-05 127 Sold as group of 2 HA Aquaman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 51 12 1970 R5 May-19 2,640 HA 41 22 1968 R2 Mar-19 432 1/2 Page HA 43 2 1969 R1 Feb-19 408 HA 55 3 1971 R5 Sep-18 2,160 -44.5 HA 52 8 1970 R3 Jul-18 576 HA 55 3 1971 R5 May-18 2,629 % JLA HA 52 4 1970 R4 Mar-18 1,255 HA 52 1 1970 S1 Aug-17 777 HA 51 3 1970 R5 Nov-16 1,016 Aquaman HA 52 6 1970 R5 Aug-16 1,315 HA 40 19 1968 R2 Aug-16 562 HA 47 1 1969 R2 Feb-16 1,434 HA 43 16 1969 R4 Aug-14 490 Aqualad HA 51 15 1970 R3 Nov-13 837 Aquaman HA 53 24 1970 R2 Aug-13 263 Half-Page HA 40 17 1968 R4 Feb-12 1,135 Aquaman HA 42 10 1968 R5 Aug-07 508 HA 45 3 1969 R3 Feb-07 120 HA 53 6 1970 R3 Mar-06 127 HA 41 12,13 1968 S6 May-05 633 HA Azrael Annual (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 3 29 1997 S4 Apr-12 287 Catwoman HA Batman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 340 C 1981 C6 May-19 14,400 HA 331 C 1981 C6 Feb-19 18,000 HA 325 C 1980 C6 Nov-18 16,800 HA 445 18 1989 R7 Feb-18 1,076 HA 445 1 1989 S4 Feb-18 956 HA

68

Batman (DC) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 445 17 1990 R4 Feb-18 335 HA 498 16 1993 R2 Nov-17 1,912 Bane HA 498 22 1993 S2 Nov-17 1,195 HA 561 13 1999 S7 May-17 1,673 Ras Al Ghul HA 561 15 1999 S6 Nov-16 3,346 Bane HA 533 11 1996 R5 Sep-16 657 inks HA 440 17 1989 R5 Apr-16 251 HA 496 5 1993 R3 Apr-16 203 HA 448 6 1990 R6 Apr-16 657 HA 498 13 1993 R2 Apr-16 108 HA 440 21 1989 R2 Feb-16 120 HA 498 12 1993 R3 Feb-16 335 Catwoman HA 441 19 1990 R4 Jan-16 203 HA 561 1 1999 S2 Jan-16 263 HA 447 22 1990 R2 Nov-15 143 HA 534 1 1996 S5 Nov-15 1,195 Bill Sienkiewicz inks HA 416 C 1988 C5 Nov-12 2,390 HA 497 19 1993 R7 Nov-11 3,107 Bane Breaks Batman HA 534 4 1996 R6 May-09 263 Bill Sienkiewicz inks HA 416 4 1988 R5 May-08 598 Nightwing HA 533 1 1996 S4 Nov-07 155 Bill Sienkiewicz inks HA 560 10 1998 S5 May-06 538 HA 416-17 G2 1988 G2 Nov-03 128 Issues 416p3/417p30 HA Batman and the Annual (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 27,28 1984 G2 Mar-18 1,315 Aparo Inks HA Batman Chronicles (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 7 6 1997 R3 Jan-16 215 HA 7 2 1997 R5 Jan-16 203 Green Arrow HA Batman Family (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 14 C 1977 C6 Nov-03 1,265 ,Batgirl,Robin HA Batman: of the Dark Knight (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 142 16 2001 R3 Aug-13 125 Joker HA Batman: Shadow of the Bat (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 61 15 1997 S1 Apr-16 108 3.6 HA Brave and the Bold (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 169 8 1980 R5 Jun-19 HA 136 15 1977 R4 Jun-19 396 HA 136 11 1977 R3 May-19 504 HA

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Brave and the Bold (DC) featuring Batman continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 170 25 1981 R4 May-19 456 HA 136 16 1977 R3 May-19 720 HA 170 24 1981 R5 May-19 552 HA 139 14 1978 R4 May-19 480 HA 170 23 1981 R3 May-19 288 HA 170 22 1981 R4 May-19 504 HA 139 15 1978 R2 May-19 216 HA 169 4 1980 R5 Apr-19 630 Zatanna HA 170 21 1981 R5 Apr-19 432 Nemesis HA 170 20 1981 R3 Apr-19 504 Nemesis HA 170 19 1981 R4 Apr-19 552 HA 170 18 1981 R6 Apr-19 1,140 HA 169 9 1980 R2 Apr-19 192 HA 170 17 1981 R5 Mar-19 1,440 HA 169 10 1980 R5 Mar-19 780 Zatanna HA 169 12 1980 R4 Mar-19 384 HA 170 16 1981 R5 Mar-19 384 HA 169 13 1980 R4 Mar-19 588 Zatanna HA 170 15 1981 R4 Mar-19 504 HA 170 14 1981 R2 Mar-19 384 HA 169 16 1980 R3 Mar-19 360 HA 170 13 1981 R5 Mar-19 660 HA 177 15 1981 R4 Mar-19 660 Elongated Man HA 170 12 1981 R6 Feb-19 930 Nemesis HA 177 9 1981 R4 Feb-19 600 Elongated Man HA 170 11 1981 R5 Feb-19 840 HA 170 10 1981 R4 Feb-19 720 HA 170 9 1981 R6 Feb-19 1,080 HA 170 8 1981 R5 Jan-19 840 HA 170 7 1981 R6 Jan-19 1,080 Nemesis HA 170 6 1981 R6 Jan-19 1,200 Nemesis HA 135 7 1977 R4 Jan-19 900 Metal Men HA 135 10 1977 R4 Jan-19 840 Metal Men HA 135 12 1977 R5 Jan-19 780 HA 135 1 1977 S5 Jan-19 3,840 Metal Men HA 170 5 1981 R5 Jan-19 870 Nemesis HA 135 6 1977 R4 Jan-19 720 HA 170 4 1981 R6 Dec-18 3,120 HA 170 3 1981 R6 Dec-18 960 HA 170 2 1981 S2 Dec-18 384 HA 170 4 1981 R6 Dec-18 3,120 HA 170 3 1981 R6 Dec-18 960 HA 170 2 1981 S2 Dec-18 384 HA 170 1 1981 R1 Nov-18 360 HA 112 7 1974 R6 Nov-18 1,560 HA 102 7 1972 R6 Aug-18 1,440 -26.2 HA 191 3 1982 S4 Jul-18 2,040 Joker HA 191 15 1982 R4 Jul-18 1,560 /Joker HA 184 4 1982 R5 Jul-18 4,320 , JLA, JSA HA 188 15 1982 S7 Jul-18 3,840 HA 173 14 1981 R5 Jun-18 4,200 Green Lantern HA

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Brave and the Bold (DC) featuring Batman continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 177 4 1981 R5 Jun-18 3,840 HA 155 7 1979 R5 Jun-18 1,740 Green Lantern HA 169 3 1980 R6 Jun-18 1,440 Zatanna HA 150 17 1979 R5 Jun-18 1,800 Superman HA 155 16 1979 R6 Jun-18 1,140 Green Lantern HA 114 7 1974 R5 Jun-18 3,824 Aquaman HA 133 1 1977 S4 Jun-18 2,032 Deadman HA 102 7 1972 R6 May-18 1,554 % HA 114 17 1974 R3 May-18 1,195 Aquaman HA 124 C 1976 C7 May-18 28,680 Aparo Selfie HA 192 1 1982 S5 May-18 2,629 Superboy HA 199 C 1983 C6 May-18 15,535 Spectre HA 108 C 1973 C5 May-18 11,950 Sgt. Rock HA 142 1 1978 S6 May-18 5,258 Batman vs. Aquaman HA 151 15 1979 R6 May-18 1,434 Flash HA 186 3 1982 R5 May-18 777 Hawkman HA 161 10 1980 R3 May-18 687 Adam Strange HA 152 9 1979 R4 Apr-18 2,271 Atom HA 114 8 1974 R4 Apr-18 1,016 Aquaman HA 177 6 1981 R5 Apr-18 777 Elongated Man HA 123 15 1975 R5 Apr-18 2,032 Plastic Man vs Metamorpho HA 114 4 1974 R5 Apr-18 1,434 Aquaman HA 178 11 1981 R5 Apr-18 1,195 Creeper HA 178 10 1981 R5 Apr-18 1,076 Creeper HA 178 13 1981 R5 Apr-18 1,195 Creeper HA 114 9 1974 R5 Apr-18 956 Aquaman HA 136 6 1977 R4 Apr-18 896 Metal Men HA 180 10 1981 R6 Apr-18 1,016 Spectre HA 186 6 1982 R5 Apr-18 1,016 Hawkman HA 136 9 1977 R5 Apr-18 896 Metal Men/Green Arrow HA 149 14 1979 R4 Mar-18 2,629 Teen Titans HA 149 7 1979 R5 Mar-18 1,912 Teen Titans HA 147 8 1979 R5 Mar-18 1,554 HA 114 11 1974 R4 Mar-18 1,135 Aquaman HA 116 7 1974 R6 Feb-17 5,975 Spectre HA 116 20 1974 R3 Nov-13 1,434 HA 116 13 1975 R6 Nov-13 2,629 Spectre HA 112 4 1974 R5 Aug-13 1,434 HA 112 9 1974 R5 Aug-13 1,315 Mister Miracle HA 118 9 1975 R3 Mar-11 717 Wildcat/Joker HA 131 1 1976 S4 Feb-09 1,315 HA 160 C 1980 C7 Nov-06 3,107 Supergirl HA 131 8 1976 R3 Oct-05 127 Sold as a group of 2 HA (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 82 31 1966 R2 Feb-11 418 Nightshade HA Detective Comics (DC) featuring Batman Pub Sold Issue Page Key Price CGR Comment Src Date Date 496 C 1980 C6 Nov-16 8,365 HA 724 17 1998 R4 Jan-16 203 HA

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Detective Comics (DC) featuring Batman continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 632 6 1991 R4 Jan-11 203 HA 522 C 1982 C6 Mar-03 1,208 HA Ghostly Tales (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 76 C 1969 C1 Nov-18 2,640 14.5 HA 76 C 1969 C1 May-14 1,434 % HA Green Arrow (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 87 16 1994 S2 Jul-18 456 HA 86 14 1994 R4 Mar-16 311 Catwoman HA 123 1 1997 S4 Feb-16 179 HA 83 1 1994 S4 Jan-16 287 HA (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 8 2 1968 R1 Dec-18 312 HA Many of Dr. Graves (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 1 1967 R1 Nov-09 448 HA Phantom (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 32 20 1969 R3 May-19 384 HA 34 5 1969 R3 May-19 390 HA 33 6 1969 R1 May-19 162 HA 32 18 1969 R3 May-19 552 HA 32 15 1969 R3 Apr-19 864 HA 32 10 1969 R3 Apr-19 1,080 HA 33 5 1969 R1 Nov-17 155 7.0 HA 38 3 1970 R4 Mar-16 406 -0.4 The Dying Ground HA 34 13 1969 R2 Jun-15 657 41.3 The Cliff Kingdom HA 33 5 1969 R1 Sep-14 125 3.8 Split from group sold Aug 09 HA 38 4(27) 1970 R1 Mar-14 149 The Trap HA 34 G8 1969 G8 Jul-13 932 The Cliff Kingdom (pages 2-4,8- HA 34 CS8 1969 G8 May-13 1,315 The Giant Ape of 11,14)Tawth HA 34 13 1969 R2 Apr-13 311 % The Cliff Kingdom HA 34 12 1969 R4 Apr-13 263 The Cliff Kingdom HA 34 7 1969 R4 Mar-13 203 The Cliff Kingdom HA 34 6 1969 R2 Mar-13 167 The Cliff Kingdom HA 34 5 1969 R4 Mar-13 657 The Cliff Kingdom HA 34 1 1969 S1 Mar-13 311 The Cliff Kingdom HA 33 6 1969 R1 Jan-13 155 11.2 Split from group sold Aug 09 HA 38 2 1970 R1 Nov-12 311 24.7 Split from group of 5 sold May 09 HA 32 15 1969 R4 Jun-12 239 HA 32 18 1969 R4 Jun-12 191 HA 32 14 1969 R3 Jun-12 185 HA

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Phantom (Charlton) continued Pub Sold Issue Page Key Price CGR Comment Src Date Date 32 11 1969 R4 Jun-12 143 HA 32 12 1969 R2 Jun-12 131 HA 32 G5 1969 G5 Jun-12 784 2,3,5,13,17 HA 32 20 1969 R4 Jun-12 263 HA 32 19 1969 R4 Jun-12 203 HA 32 16 1969 R4 May-12 788 HA 32 10 1969 R4 May-12 227 HA 32 9 1969 R4 May-12 335 HA 32 8 1969 R4 May-12 311 HA 32 7 1969 R3 May-12 478 HA 32 6 1969 R4 May-12 448 HA 32 1 1969 S4 May-12 508 HA 32 4 1969 R2 May-12 448 HA 33 9 1969 R3 Aug-09 227 HA 33 G3 1969 G3 Aug-09 311 % 2,5,6 HA 38 CS7 1970 G7 Aug-09 1,434 The Phantom's New Faith HA 33 7 1969 R4 Aug-09 311 HA 33 8 1969 R4 Aug-09 240 HA 38 7 1970 R1 Jul-09 179 The Dying Ground HA 38 6 1970 R2 Jul-09 155 The Dying Ground HA 38 5 1970 R3 Jul-09 203 The Dying Ground HA 38 4(6) 1970 R3 Jun-09 398 The Dying Ground HA 38 3 1970 R4 Jun-09 418 ♦ ♦ 192% gain, The Dying Ground HA 38 1,2 1970 S3 Jun-09 657 The Dying Ground HA 38 1 1970 S4 May-09 896 Contents Page HA 38 G5 1970 G5 May-09 717 % The Trap (pages 2,3,4,5,7) HA Phantom Stranger (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 10 2 1970 R1 May-19 312 HA 10 3 1970 R1 Apr-19 504 Death Call Not By Name HA 10 6 1970 R2 Mar-19 780 HA 15 14 1971 R3 Mar-19 612 HA 10 12 1970 R1 Mar-19 408 HA 10 14 1970 R4 Mar-19 780 HA 14 9 1971 R2 Mar-19 720 HA 14 12 1971 R1 Mar-19 365 HA 14 13 1971 R3 Feb-19 1,380 HA 10 9 1970 R2 May-18 1,912 HA 22 16 1972 R4 Apr-18 1,793 HA 11 12 1971 R1 Dec-17 454 39.5 HA 10 8 1970 R5 Aug-16 1,434 HA 11 13 1971 R4 Jan-16 777 24.0 HA 15 12 1971 R2 May-15 359 HA 11 12 1971 R1 Nov-14 227 2.9 HA 11 20 1971 R3 Sep-14 406 15.5 HA 11 22 1971 R3 Apr-12 215 3.6 HA 11 21 1971 R2 Jan-12 215 4.0 HA 11 15 1971 R1 Jan-12 251 10.9 HA 11 12-22 1971 G11 Aug-09 2,151 % HA 11 1-11 1971 G11 Aug-09 2,032 HA

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Space Adventures (Charlton) Pub Sold Issue Page Key Price CGR Comment Src Date Date 8 C 1969 C1 Aug-05 978 HA Untold Legend of the Batman (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 1 10 1980 R3 Nov-17 2,271 HA 1 1 1980 R4 Aug-17 4,063 HA Who’s Who Update ‘87 (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 5 PU 1987 S4 May-08 427 Spectre 2 pages HA of the Spectre (DC) Pub Sold Issue Page Key Price CGR Comment Src Date Date 4 WC 1988 C6 May-19 4,920 -25.1 HA 4 WC 1988 C7 May-18 6,573 % Spectre HA

Mid-Year Update Through the first half of 2019, 62 pages of Jim Aparo art has sold through Heritage Auctions. Included in that number are 4 covers and 1 splash page. Forty pages came from Aparo’s signature title The Brave and the Bold. Aparo’s Charlton career was well represented by six pages from The Phantom. Besides Batman, Aparo distinguished himself drawing Aquaman, the Spectre, and the Phantom Stranger; art depicting each of those characters rounded out the sales.

Thirty-one pages of the Brave and the Bold art scored CAT grades from R3-R5. The average price of $628 is less than the mean of similar pages the prior year. The 26 interior pages in that range for 2018 enjoyed a phenomenal average price of $1,767. This initial comparison should not be too alarming because 18 of the 26 pages from 2018 graded R5, compared to only 12 of 31 in 2019. However, a direct comparison of R5 pages show 2019 average price of $732, significantly less than the $1,919 average in 2018. Factors such as featured characters should be considered when judging this art, but there appears to be a weakening. Perhaps the large number of available B&B pages since early 2018 satisfied initial demand.

By CAT score, the average B&B page price in the first half of 2019 is: R2 (3) 264 R3 (5) 475 R4 (14) 593 R5 (12) 732 R6 (5) 1086 These are modestly priced for an industry icon like Jim Aparo on his most famous title.

Three Aquaman pages sold on a par with 2018 prices for similar pages with similar grades. Though slightly older publication dates, there was no boost to the 2019 prices.

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The 2018 analysis holds for these pages with prices up for Aquaman compared to similar pages from a decade or more earlier.

Two 1981 Batman covers sold for an average of 16,200, both were C6. No good comparable exists. In 2018 the cover for Batman 325 sold for $16,800. The three pages are setting Aparo early 80’s Batman covers. In 2016, a Detective Comics cover from 1980 sold for about half that price.

Wrath of the Spectre 4 wraparound cover sold for less in 2019 than in 2018. The CGR of -25.1 was a disappointment. Aparo created the art for a mini-series collecting stories from the Avenging Spirit’s classic Adventure Comics run in the seventies. As a two- page wraparound cover, the art scored one grade higher for the extra page of art. A cover from the original series sold for the amazing price of $52,580 last year.

Pages from the Charlton Phantom series have enjoyed an uptick in recent years. 2019: (Five R3 pages average $654) 2012: (Two R3 pages average $332) 2009: (Three R3 pages average $276)

Wrapping up the mid-2019 report, nine Phantom Stranger pages sold through Heritage Auctions in the first half of the year. The pages were weighted towards the lower end for CAT scores but still averaged $651. On just two pages in 2018 (R2,R4), there was a much higher average of $1,852. The R4 is not too far out of line, but the 2018 price of $1,912 for the R2 page seems high compared to what pages sold for in 2019. In 2009, the complete issue 11 was divided into two groups and sold for $4,183 total for the 22 pages. The less than $200 per page average is certainly less than what similar individual pages are currently achieving.

The DC reached the ultimate absurdity when was introduced: Earth-1 – the heroes of the Silver Age; Earth-2 – the heroes of the Golden Age; Earth- Prime – where you and I and all the creators of comic books live. Earth Prime was where superheroes only lived in comic books. Absurd or not, I was 10 or 12 years old when comic book writers and artists joined the heroes they orchestrated… and I loved it!

The best for me was written by Bob Haney and illustrated by Jim Aparo when Batman and Sgt. Rock were in a race to defeat The Thousand. The urgency: The Thousand figured out they could kill Batman and Sgt Rock by rewriting Haney’s story and tricking Aparo into illustrating their deaths. Holy , Batman! Where could Aparo get the real to finish the story and stop the criminals before the untimely demise of Batman, Sgt. Rock, and even our intrepid heroes of Earth Prime?

Cover art from that story sold in 2018. (See the beginning of Jim Aparo’s section.) Like and other artists with famous self-portraits, I think the uniqueness of those types of pieces creates extra demand.

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Batman 534 page 1 by Jim Aparo and Bill Sienkiewicz © DC Batman Family 14 by Jim Aparo © DC [C6]. [S5]. Sold for $1,195 (2015,HA) Sold for $1,265 (2003,HA)

Batman 497 page 19 by Jim Aparo and Dick Giordano © DC The Phantom 38 page 1 by Jim Aparo © Charlton [S4]. [R7] (Bane breaks Batman’s back) Sold for $3,107 (2011,HA) Complete 7-page story (CS7) sold for $1,434 (2009,HA) Aparo’s Phantom work for Charlton had the same textured look of early B&B pages. All images used by permission of Heritage Auctions, HA.com

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Jim Aparo - Summary by Year Sold Mean of Sales Plotted with 3 Year Moving Average Includes Covers, Splashes, and Interior Pages

$4,000 3790 300 $3,500

250 $3,000

$2,500 200

2053 $2,000 150

$1,500 1058 1111 100 887 $1,000 755 650 589 512 50 388 341 388 384 $500 247 84 4 5 4 5 2 50 1 4 27 33 9 4 31 9 68 $0 0

#sales mean 3YrMA

Summary Statistics by Year - Complete Year Sales Min Max Median Mean 3YrMA 2018 68 312 52,580 1,554 3,790 2,199 2017 9 155 5,975 1,673 2,053 1,132 2016 31 50 8,365 251 755 743 2015 4 143 1,195 508 589 620 2014 9 74 5,079 317 887 553 2013 33 125 2,629 311 384 628 2012 27 131 2,390 287 388 528 2011 4 203 3,107 568 1,111 481 2010 1 84 84 84 84 281 2009 50 155 2,151 408 247 367 2008 2 427 598 512 512 637 2007 5 120 657 263 341 595 2006 4 127 3,107 499 1,058 2005 5 75 978 127 388 2004 0 2003 4 128 1,265 1,208 650

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Jim Aparo - Summary by Year Sold Mean of Sales Plotted with 3 Year Moving Average Splashes and interior pages $2,500

2,053 2,050 250 $2,000 200

$1,500 150 1,111

$1,000 772 100 686 589 512 501 396 $500 375 368 50 240 245 128 84 2 4 3 5 2 50 1 4 26 30 7 4 30 9 61 $0 0

# Sales Mean 3YrMA

Summary Statistics by Year – All Interior Pages Year Sales Min Max Median Mean 3YrMA 2018 61 312 17,925 1,434 2,050 1,534 2017 9 155 5,975 1,673 2,053 1,047 2016 30 50 3,346 233 501 445 2015 4 143 1,195 508 589 535 2014 7 74 490 188 245 462 2013 30 125 2,629 484 772 750 2012 26 131 1,135 275 368 521 2011 4 203 3,107 568 1,111 627 2010 1 84 84 84 84 427 2009 50 155 2,151 408 686 531 2008 2 427 598 512 512 428 2007 5 120 657 385 396 337 2006 3 127 538 460 375 2005 4 75 633 127 240 2003 2 128 128 128 128

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Jim Aparo by Year Published

$18,000 Brave and the Brave and the Bold 199 cover Bold 108 cover $16,000 Average driven by Adventures Comics 440 cover featuring Spectre $14,000

$12,000 Charlton Phantom and DC Aquaman

$10,000 Interior early B&B pages along with Spectre in Mostly B&B with some Early Adventure Comics covers boosting average Charlton when higher $8,000 B&B 124 Cover featuring Aparo plus Aquaman $6,000 Predominantly Batman pages

$4,000

$2,000

1 1 5 53 27 20 2 1 16 5 7 5 1 8 7 11 8 1 2 1 5 4 4 4 7 7 4 6 2 3 1

$0

1968 1980 1966 1967 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1981 1982 1983 1984 1987 1988 1989 1990 1991 1993 1994 1996 1997 1998 1999 2001

Year Sales Mean

Year Mean Sales Comment 1966-1967 433 2 Early Charlton 1968 630 5 Aquaman 1969 322 53 The Phantom 1970 545 27 Phantom/Aquaman 1971-1972 469 22 Phantom Stranger 1973-1976 5,341 29 Adventure comics/B&B 1977-1979 2,136 14 Brave and the Bold 1980 5,248 7 Various Batman titles 1981-1982 1,869 19 Brave and the Bold 1983 15,535 1 B&B cover 1984 1,315 2 1987 427 1 1988-1993 863 24 Batman/Detective 1994 193 7 Green Arrow 1996-2001 593 16 Various Batman titles

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Jim Aparo - Summary Data by CAT Score Pole represents range from min to max Box is white when mean > median Box is black when median > mean

$60,000

$50,000

$40,000

$30,000

$20,000 14,901

$10,000 6,473 2,950 1,727 2,067 1,809 411 1,031 499 $0 R1-R2 R3-R5 R6-R7 S1-S2 S3-S5 S6-S7 C1 C5 C6-C7

Median Max Min Mean

# Sales Min Max Median Mean C1 2 978 2,640 1,809 1,809 C5 3 2,390 11,950 5,079 6,473 C6-C7 9 1,208 52,580 8,365 14,901

R1-R2 36 50 1,912 257 411 R3-R5 90 84 8,963 657 1,031 R6-R7 15 84 5,975 1,434 1,727

S1-S2 7 108 1,195 384 499 S3-S5 17 155 17,925 896 2,067 S6-S7 5 633 5,258 3,346 2,950

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The Comic Art Trends Price Guide is happy to partner with . The author still enjoys the ‘classics’ and feels indebted to the people that richly contributed to his childhood. Two dollars from the sale of every CAT Price Guide will be donated directly to the Hero Initiative. Patrick Bain

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India Ink and Original Comic Art Pencil artists gain the lion share of attention in this guide. However, the inkers, or embellishers as Mighty Marvel splash pages often described them, contribute significantly to the final appearance and beauty of most pages of original comic art.

The best inkers can apply their own distinctive styles without detracting from the distinctiveness of the pencil artists’ work.

As mentioned earlier, many “inkers” are now using computer programs to speed their work and give them control not possible in prior decades of comic book art. For example, I wonder how many pages of art were lost by a careless spill of India ink? For the computer inker, that miscue can be fixed with a simple ‘undo’.

I personally prefer the organic look of ink applied by hand. The imperfection of a craft being worked by hand lends to the personal distinctiveness of that artist’s style; it is the artist’s autograph.

To illustrate the difference an inker can make, compare the change to Jack Kirby’s art based on the inking styles of , , and Barry Smith. Likewise, compare the differences in Curt Swan’s art when inked by , , and Neal Adams.

Barry Smith and Neal Adams are best known for their distinctive pencil art. Their influences on the final art are marked.

I have not done the numerical analysis yet, but anecdotal review of sales prices suggests that particular inkers make a significant difference in the collectability of a page. There are typically several confounding factors that influence price, so it is difficult to tell when an inker exerts a particular influence of if other factors such as the era of the sale is exerting a greater impact on final price. My observation is that inkers make a difference.

A similar but different question is whether or not particular combinations of pencil and ink artists are especially collectable. Again, Swan and Anderson art (Swanderson), appears to get a bump in price compared to otherwise similar pages where others have inked Curt Swan’s Superman. I observed a similar price changes when Buscema Conan pages were inked by Alfredo Alcalca.

What is evident is that most fans of original comic art have their favorite inkers. I grew up with admiration for the work of Dick Giordano. Marvel fans of my era may have had a similar devotion to Tom Palmer. Regardless of who are the favorite inkers of any generation, clearly, the power of the pen could ruin or enhance any penciled art.

This section illustrates the difference an inker can make and highlights a few of the significant inkers in the industry. More of these highly skilled individuals will be added in future editions.

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Compare pages of Jack Kirby art with different inkers.

Mike Royer Inks Vince Colletta Inks Barry Smith Inks 14 © Marvel 1977 [C4] 154 © Marvel 1968 [C6] Marvel Treasury Special 1 Page 7 Sold for $19,120 (2015,HA) Sold for $161,325 (2018,HA) © Marvel 1976 [R6] Sold for $4,183 (2009,HA)

Compare pages of Curt Swan art with different inkers.

George Klein Inks Bob Oksner Inks Neal Adams Inks Superman 171 © DC 1964 [C5] Superman 272 © DC 1975 [C6] Superman 314 © DC 1977 [C6]. Sold for $35,850 (2018,HA) Sold for $2,415 (2003,HA) Sold for $8,963 (2016,HA) All images used by permission of Heritage Auctions, HA.com

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Inks by Murphy Anderson (Top 50 Sales) Description Pencil Artist Sold Sold Date Price Flash #137 Cover (DC, 1963) Carmine Infantino Nov-12 167,300 Batman #196 Cover (DC, 1967) Carmine Infantino Sep-06 59,750 Flash #146 Cover (DC, 1964) Carmine Infantino May-11 44,813 Mystery In Space #91 Cover (DC, 1964) Carmine Infantino May-16 40,630 Green Lantern #29 Cover (DC, 1964) Gil Kane Nov-15 38,240 Mystery in Space #83 Cover (DC, 1963) Carmine Infantino Feb-12 23,900 Justice League of America #55 Cover (DC, 1966) Carmine Infantino Jul-02 17,825 Spectre #6 Cover (DC, 1968) Nov-13 13,145 Action Comics #385 Cover (DC, 1970) Curt Swan Feb-16 11,353 Action Comics #393 Cover (DC, 1970) Curt Swan May-11 10,755 Spectre #6 Cover (DC, 1968) Jerry Grandenetti Aug-15 9,560 Mystery in Space #63 Page 1 (DC, 1960) Carmine Infantino Nov-12 9,560 Showcase #34 Page 12 (DC, 1961) Gil Kane Feb-17 8,963 Superboy #171 Cover (DC, 1971) Carmine Infantino Nov-15 8,963 The Atom #3 Complete 10-page Story Gil Kane Oct-04 7,475 Mystery In Space #77 Page 5 (DC, 1962) Carmine Infantino Feb-18 6,573 Brave and the Bold #30 Page 14 (DC, 1960) May-15 6,573 Mystery In Space #85 Page 5 (DC, 1963) Carmine Infantino Feb-17 5,497 Action Comics #384 Cover (DC, 1970) Curt Swan Nov-08 5,139 Adventure Comics #396 Cover (DC, 1970) Curt Swan May-09 4,780 Superman #411, Complete 23-page Story with Cover (DC, 1985) Curt Swan Mar-03 4,370 Atom #6 Page 3 (DC, 1963) Gil Kane May-17 4,063 Superman's Girl Friend Lois Lane #105 Cover (DC, 1970) Curt Swan Nov-01 3,910 Superman's Girl Friend Lois Lane #105 Cover (DC, 1970) Curt Swan Jul-03 3,565 Action Comics #384 Cover (DC, 1970) Curt Swan Nov-01 3,450 Superman #237 Page 14 (DC, 1971) Curt Swan May-18 3,346 Showcase #35 Page 21 (DC, 1961) Gil Kane Feb-18 3,346 Green Lantern #74 Pages 18 and 19 (DC, 1970) Gil Kane Aug-14 3,346 Showcase #36 Page 1 (DC, 1961) Gil Kane Jul-04 3,335 Action Comics #384 Cover (DC, 1970) Curt Swan Aug-03 3,220 Mystery In Space #81 Page 13 (DC, 1963) Carmine Infantino Feb-16 3,107 Superboy #181 Cover (DC, 1972) Curt Swan Mar-03 2,990 DC Comics Presents #95 Cover (DC, 1986) Aug-18 2,880 Mystery in Space #85 Page 9 (DC, 1963) Carmine Infantino May-15 2,868 The Flash #149 page 6 (DC, 1964) Carmine Infantino Nov-07 2,629 Superboy #181 Cover (DC, 1972) Curt Swan Mar-02 2,530 Atom #4 Page 6 (DC, 1963) Gil Kane Nov-17 2,390 Showcase #35 Page 8 (DC, 1961) Gil Kane Feb-15 2,390 Atom #2 Page 7 (DC, 1962) Gil Kane Aug-14 2,390 Flash #149, page 8 (DC, 1964) Carmine Infantino Jan-06 2,185 Green Lantern #74, page 18-19 (DC, 1970) Gil Kane Jul-02 2,070 Superman #267 Page 6 (DC, 1973) Curt Swan Nov-16 2,032 Adventure Comics #383 Page 1 (DC, 1969) May-17 2,032 Action Comics #402, Page 2 (DC, 1971) Curt Swan Feb-08 1,793 Superman's Girl Friend Lois Lane #111 Feb-13 1,673 Mystery In Space #72 Page 2 (DC, 1961) Carmine Infantino Feb-08 1,554 Atom and Hawkman #41 Page 5 (DC, 1969) Joe Kubert Feb-05 1,495 Showcase #35 Page 14 (DC, 1961) Gil Kane Feb-12 1,434 Superman #236 Page 2 (DC, 1971) Curt Swan Apr-18 1,315 Atom #2 Page 8 (DC, 1963) Gil Kane May-10 1,195

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Superman 411 © DC 1985 [C4] Inks by Murphy Anderson for penciller Curt Swan (aka Swanderson) The surprise cover and complete 23-page story sold for $4,370 through Heritage Auctions (2003) Image used by permission of Heritage Auctions, HA.com

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Inks by (Top 50 Sales) Description Pencil Artist Sold Sold Date Price Flash #117 Cover (DC, 1960) Carmine Infantino Aug-13 71,700 Mystery In Space #1 Complete 10 Page Story (DC, 1951) Carmine Infantino Nov-14 29,875

Detective Comics #327 First "New Look" Batman Page 1 (DC, Carmine Infantino Nov-08 17,925 Green1964) Lantern #8 Page 1 (DC, 1961) Gil Kane Aug-18 15,000 Justice League of America #89 Page 1 (DC, 1971) Dick Dillin Aug-17 13,145 Flash #153 Page 22 (DC, 1965) Carmine Infantino Feb-17 13,145 Green Lantern #8 Page 11 (DC, 1961) Gil Kane Aug-18 10,800 Flash #142 Page 1 (DC, 1964) Carmine Infantino May-11 8,365 Brave and the Bold #29 Justice League of America Page 10 (DC, Mike Sekowsky Feb-18 7,768 Green1960) Lantern #18 Page 10 (DC, 1963) Gil Kane Feb-18 7,170 Flash #139, Pages 1-7 (DC, 1963) Carmine Infantino May-05 6,900 Brave and the Bold #29 Justice League of America Page 9 (DC, Mike Sekowsky Aug-14 6,573 Flash1960) #133 Page 9 (DC, 1962) Carmine Infantino Dec-18 6,000 Detective Comics #352 Page 1 (DC, 1966) Feb-12 5,975 Green Lantern #68 Page 3 (DC, 1969) Gil Kane May-10 5,676 Flash #153 Page 18 (DC, 1965) Carmine Infantino Aug-14 5,378 Flash #132 Page 14 (DC, 1962) Carmine Infantino Feb-17 5,139 Detective Comics #328 Page 8 (DC, 1964) Sheldon Moldoff Aug-18 4,560 Flash #131, Page 6 (DC, 1962) Carmine Infantino May-06 4,481 Flash #124 Page 12 (DC, 1961) Carmine Infantino Aug-14 4,183 Green Lantern #26 Page 9 (DC, 1964) Gil Kane Feb-17 4,063 Justice League of America #91 Page 22 (DC, 1971) Dick Dillin Nov-16 4,063 Detective Comics #328 Page 6 (DC, 1964) Sheldon Moldoff Feb-17 4,063 Detective Comic #327 First "New Look" Batman page 15 (DC, Carmine Infantino May-11 4,033 Detective1964) Comics #352, Page 1 (DC, 1966) Sheldon Moldoff Jul-04 4,025 Flash #132 Page 10 (DC, 1962) Carmine Infantino May-16 3,944 Flash #142 Page 12 (DC, 1964) Carmine Infantino Nov-14 3,884 Flash #131, Page 13 (DC, 1962) Carmine Infantino May-06 3,884 Action Comics #484 Page 1 (DC, 1978) Curt Swan Nov-18 3,840 Detective Comics #490 Pages 1-4 (DC, 1980) John Calnan Jun-17 3,824 Green Lantern #24 Page 13 (DC, 1963) Gil Kane Feb-18 3,824 Flash #132 Page 11 (DC, 1962) Carmine Infantino May-18 3,824 Mystery in Space #84 Page 7 (DC Comics, 1963) Carmine Infantino Aug-17 3,824 Detective Comics #328 Page 1 (DC, 1964) Sheldon Moldoff Aug-05 3,738 Flash #130 Page 4 (DC, 1962) Carmine Infantino Jul-12 3,734 Green Lantern #14 Page 12 (DC, 1962) Gil Kane Aug-18 3,720 Flash #142 Page 7 (DC, 1964) Carmine Infantino May-11 3,585 Detective Comics #347 Page 13 (DC, 1966) Carmine Infantino Nov-16 3,585 Green Lantern #7 Page 11 (DC, 1961) Gil Kane Nov-14 3,585 Flash #138 Page 4 (DC, 1963) Carmine Infantino May-17 3,346 Detective Comics #329 Page 4 (DC, 1964) Carmine Infantino Jul-12 3,346 Green Lantern #12 Page 16 (DC, 1962) Gil Kane Aug-14 3,227 Flash #138 Page 11 (DC, 1963) Carmine Infantino Jul-03 3,163 Batman #200 Page 13 (DC, 1968) Chic Stone Jul-17 3,107 Flash #112, page 2 (DC, 1960) Carmine Infantino Aug-07 3,107 Mystery in Space 84 Page 13 (DC, 1963) Carmine Infantino May-18 3,107 Marvel Spotlight #21 (Marvel, 1975) Sep-13 2,988 Detective Comics #428 Page 1 (DC, 1972) Dick Dillin Aug-18 2,880 Green Lantern #18 page 9 (DC, 1963) Gil Kane Nov-10 2,868 Flash #112, page 10 (DC, 1960) Carmine Infantino Aug-08 2,868

87

Detective 352 Page 1 © DC 1966 [S6] Inks by Joe Giella for penciller Sheldon Moldoff Art for this page was ‘ghosted’ for . It sold for $5,975 through Heritage Auctions (2012) Image used by permission of Heritage Auctions, HA.com

88

Inks by Dick Giordano (Top 50 Sales) Description Pencil Artist Sold Sold Date Price Dr. Strange #1 Page (Marvel Comics, 1974) May-18 31,070 New Teen Titans #23 Cover (DC, 1982) George Perez Nov-15 23,900 Batman #234 Page 6 (DC, 1971) Neal Adams Aug-14 23,900 Batman #232 Story Page 5 (DC, 1971) Neal Adams Feb-18 20,315 Batman #232 Page 11 (DC, 1971) Neal Adams Feb-16 20,315 Justice League of America #88 Cover (DC, 1971) Neal Adams Nov-11 19,120 Justice League of America #112 Group of 19 (DC,1974) Dick Dillin Aug-18 16,800 Detective Comics #415 Cover (DC, 1971) Neal Adams May-10 15,535 Batman #319 Cover (DC, 1980) Joe Kubert Aug-18 14,400 Batman #232 Page 10 (DC, 1971) Neal Adams Feb-16 14,340 Brave and The Bold #83 (DC, 1969) Neal Adams Oct-02 10,638 Crisis on Infinite Earths #2 Double Page 9-10 (DC, 1985) George Perez Aug-15 10,158 Batman #234 Page 4 (DC, 1971) Neal Adams Nov-17 9,560 Batman #217 Story Page 5 (DC, 1969) Irv Novick May-18 9,560 Flash #217 Page 7 (DC, 1972) Neal Adams Aug-11 8,664 Wonder Woman #186 Cover (DC, 1970) Mike Sekowsky Nov-17 8,400 Superman vs. The Amazing Spider-Man Page 45 (DC/Marvel, Ross Andru May-18 8,365 1976)Detective Comics #505 Cover (DC, 1981) May-18 8,365 Justice League of America #163 Cover (DC, 1979) Rich Buckler Feb-17 8,365 Batman #304 Complete 17-Page Story (DC, 1978) John Calnan Nov-15 8,066 Batman #299 Complete 17-Page Story (DC, 1978) John Calnan Aug-15 8,066 Morlock 2001 #1 Cover (Atlas/Seaboard, 1975) Aug-15 8,066 Flash #226 Page 6 (DC, 1974) Neal Adams May-17 7,170 Superman Family #190 Cover (DC, 1978) Rich Buckler Feb-16 7,170 Detective Comics #507 Cover (DC, 1981) May-16 6,871 All-New Collectors Edition #C-56 Muhammad Ali Page 33 (DC, Neal Adams May-09 6,871 1978)Flash #298 Cover (DC, 1981) Carmine Infantino May-17 6,573 Doctor Strange #1 Page 2 (Marvel, 1974) Frank Brunner Feb-17 6,573 Detective Comics #523 Cover (DC, 1983) Ed Hannigan Nov-14 6,573 Detective Comics #407 Page 15 (DC, 1971) Neal Adams Nov-13 6,573 Batman #232 Page 17 (DC, 1971) Neal Adams Nov-08 6,573 Superman #343 Cover (DC, 1980) Ross Andru May-18 6,274 Doctor Strange #2 Page 6 (Marvel, 1974) Frank Brunner May-17 5,975 Doctor Strange #1 Page 31 (Marvel, 1974) Frank Brunner Aug-15 5,975 Batman #303 Complete 17-Page Story (DC, 1978) John Calnan Aug-15 5,975 Batman #347 Cover (DC, 1982) Rich Buckler Jul-12 5,975 Superman vs. The Amazing Spider-Man Page 21 (DC/Marvel, Ross Andru Aug-15 5,856 1976)Batman #217 Page 3 (DC, 1969) Irv Novick Jul-18 5,760 All-New Collector's Edition #C-56 Muhammad Ali Page 44 (DC, Neal Adams May-16 5,736 1978)Superman vs. The Amazing Spider-Man Pages 52,53 Ross Andru Nov-07 5,676 (DC/Marvel,All-New Collectors' 1976) Edition #C-56 Muhammad Ali Page 44 (DC, Neal Adams Aug-18 5,520 1978)Adventure Comics #404 Cover (DC, 1971) Mike Sekowsky Aug-15 5,497 Detective Comics #410 Page 1 (DC, 1971) Jun-18 5,497 Detective Comics #407 Page 5 (DC, 1971) Neal Adams Nov-13 5,378 Wonder Woman#293 Cover (DC, 1982) Ross Andru May-18 5,258 Batman #380 Cover (DC, 1985) Rick Hoberg Aug-17 5,258 Green Lantern #80, page 7 (DC, 1970) Neal Adams Jul-04 5,175 Green Lantern #114 Cover (DC, 1979) Nov-14 5,079 All-New Collectors' Edition #C-56 Muhammad Ali Page 55 (DC, Neal Adams May-13 5,079 197Batman8) #232 Page 13 (DC, 1971) Neal Adams Aug-08 5,079

89

Wonder Woman 186 © DC 1970 [C3] Inks by Dick Giordano for penciller Mike Sekowsky sold for $8,400 (2018, HA) In the late sixties and early seventies, fought injustice as a woman without powers or costume. Image used by permission of Heritage Auctions, HA.com

90

Inks by Tom Palmer (Top 50 Sales) Description Pencil Artist Sold Sold Date Price Avengers #81 Page 1 (Marvel, 1970) John Buscema May-14 53,775 #8 Page 1 (Marvel, 1971) Barry Smith Nov-15 38,240 Amazing Spider-Man Annual #14 Cover (Marvel, 1980) Frank Miller Nov-17 31,070 #6 Cover (Marvel, 1976) Gene Colan May-18 28,680 Tomb of Dracula #44 Cover (Marvel, 1976) Gene Colan Aug-16 26,290 Amazing Adventures #5 Page 1 Neal Adams May-15 26,290 Avengers #78 Cover (Marvel, 1970) John Buscema Nov-11 23,303 #77 Complete 20-page Story (Marvel, 1970) Gene Colan Nov-11 22,705 Howard the Duck Annual #1 Cover (Marvel, 1977) Gene Colan Nov-18 21,000 Doctor Strange #180 Page 2 (Marvel, 1969) Gene Colan Nov-18 19,800 Tomb of Dracula #10 Cover (Marvel, 1973) Gil Kane Jul-03 17,250 Giant-Size Man-Thing #5 Page 1 Howard the Duck (Marvel, 1975) Frank Brunner May-17 16,730 #21 Cover (Marvel, 1975) Gil Kane May-16 16,133 Conan the Barbarian #8 Page 5 (Marvel, 1971) Barry Smith Aug-18 15,600 Conan the Barbarian #8 Page 16 (Marvel, 1971) Barry Smith Nov-15 15,535 Daredevil #93 Cover (Marvel, 1972) Gil Kane May-15 15,535 Amazing Spider-Man Annual #14 Cover (Marvel, 1980) Frank Miller Feb-09 15,535 Conan the Barbarian #8 Page 4 (Marvel, 1971) Barry Smith Aug-16 14,340 X-Men #62 Magneto Page 6 (Marvel, 1969) Neal Adams Feb-09 14,340 Avengers #93 Page 24 (Marvel, 1971) Neal Adams Feb-18 13,145 X-Men #61 Page 9 (Marvel, 1969) Neal Adams Aug-18 12,000 #50 Page 12 (Marvel, 1981) Nov-17 11,950 Avengers #76 Page 11 (Marvel, 1970) John Buscema Aug-17 11,950 Avengers #95 Page 5 (Marvel, 1972... Neal Adams May-15 11,950 Man-Thing #17 Cover (Marvel, 1975) Gil Kane Nov-17 11,353 Avengers #76 Page 13 (Marvel, 1970) John Buscema Aug-18 10,800 Tomb of Dracula #59 Cover (Marvel, 1977) Gene Colan Nov-10 10,158 Ghost Rider #11 Cover (Marvel, 1975) Gil Kane Feb-15 9,859 Avengers #96 Page 14 (Marvel, 1972) Neal Adams Aug-17 9,560 Avengers #93 Page 33 (Marvel, 1971) Neal Adams Feb-16 9,560 Conan the Barbarian #8 page 5 (Marvel, 1971) Barry Smith Feb-09 9,560 Tomb of Dracula #36 Complete 18 Page Story (Marvel, 1975) Gene Colan Nov-18 9,000 Avengers #76 Page 6 (Marvel, 1970) John Buscema Nov-17 8,963 Avengers #94 Page 7 (Marvel, 1971) John Buscema Nov-14 8,963 Avengers #96 Page 12 (Marvel, 1972) Neal Adams Aug-17 7,768 Avengers #93 Page 33 (Marvel, 1971) Neal Adams Feb-17 7,768 Amazing Spider-Man Annual #14 pages 20,21 (Marvel, 1980) Frank Miller Nov-08 7,768 Avengers #93 Page 28 (Marvel, 1971) Neal Adams Nov-12 7,170 Conan the Barbarian #8 page 9 (Marvel, 1971) Barry Smith May-09 7,170 Night Rider #1 Cover (Marvel, 1974) Gil Kane Jul-12 6,573 Tomb of Dracula #24 Cover (Marvel, 1974) Gil Kane Feb-15 5,975 Avengers #93 page 27 (Marvel, 1971) Neal Adams Nov-11 5,975 X-Men #61 page 7 (Marvel, 1969) Neal Adams May-10 5,975 Thor #277 Page 17 (Marvel, 1978) John Buscema Aug-15 5,736 Giant-Size Conan the Barbarian #3 Cover (Marvel, 1975) Gil Kane May-08 5,378 Daredevil #93 Pages 26 and 27 (Marvel, 1972) Gene Colan May-16 5,258 Daredevil #90 Page 21 (Marvel, 1972) Gene Colan Feb-16 5,258 Ghost Rider #11 Cover (Marvel, 1975) Gil Kane May-08 5,079 Avengers #75 Page 10 (Marvel, 1970) John Buscema Aug-18 5,040 X-Men #60 Page 13 (Marvel, 1969) Neal Adams Jul-12 4,780

91

Thor 277 Page 17 © Marvel 1978 [S4] Inks by Tom Palmer for penciller John Buscema Sold for $5,736 through Heritage Auctions (2015) Image used by permission of Heritage Auctions, HA.com

92

Inks by (Top 50 Sales) Description Pencil Artist Sold Sold Date Price Fantastic Four #55 Page 3 (Marvel, 1966) Jack Kirby May-12 155,350 #97 Page 1 (Marvel, 1968) Jack Kirby Jul-12 68,713 Fantastic Four #83 Page 10 (Marvel, 1969) Jack Kirby Nov-18 66,000 Fantastic Four #58 Page 17 (Marvel, 1967) Jack Kirby May-18 65,725 #83 Page 8 (Marvel, 1962) Jack Kirby Aug-10 65,725 Fantastic Four #100 Cover (Marvel, 1970) Jack Kirby May-07 56,763 Fantastic Four #58 Page 20 (Marvel, 1967) Jack Kirby May-18 56,165 Fantastic Four #57 Page 7 (Marvel, 1966) Jack Kirby May-13 53,775 Fantastic Four #58 Page 12 (Marvel, 1967) Jack Kirby Nov-13 50,788 Tales of Suspense #94 Page 3 (Marvel, 1967) Jack Kirby May-15 47,800 Fantastic Four #58 Page 13 (Marvel, 1967) Jack Kirby May-18 45,410 Captain America #117 Cover (Marvel, 1969) Gene Colan Feb-14 44,813 Fantastic Four #55 Page 14 (Marvel, 1966) Jack Kirby Nov-13 44,813 Fantastic Four #123 Cover (Marvel, 1972) Sal Buscema Nov-15 44,215 Avengers #134 Cover (Marvel, 1975) Gil Kane Aug-13 41,825 Fantastic Four #81 Page 1 (Marvel, 1968) Jack Kirby May-12 40,331 #1 cover (Marvel, 1968) John Buscema Nov-01 40,250 Fantastic Four #57 Page 2 (Marvel, 1966) Jack Kirby Aug-18 39,000 Fantastic Four #5 Page 5 (Marvel, 1962) Jack Kirby Nov-08 38,838 Fantastic Four #55 Page 11 (Marvel, 1966) Jack Kirby May-08 38,838 Fantastic Four #71 Cover (Marvel, 1967) Jack Kirby Feb-05 34,500 Fantastic Four #107 Cover (Marvel, 1971) John Buscema Feb-16 33,460 Fantastic Four #57 Page 12 (Marvel, 1966) Jack Kirby Nov-07 31,070 Fantastic Four #63 Page 12 (Marvel, 1967) Jack Kirby Nov-14 29,875 Fantastic Four #148 Cover (Marvel, 1974) Rich Buckler Nov-16 28,680 Fantastic Four #76 Page 11 (Marvel, 1968) Jack Kirby Nov-16 28,680 Silver Surfer Page 16 (Simon and Schuster/Marvel, Jack Kirby Aug-16 28,680 1978)Fantastic Four #44 Page 10 (Marvel, 1965) Jack Kirby May-15 28,680 Marvel Two-In-One #27 Cover (Marvel, 1977) Jack Kirby May-15 28,680 Fantastic Four #99 Page 1 (Marvel, 1970) Jack Kirby Nov-13 28,680 Fantastic Four #195 Cover (Marvel, 1978) George Pérez Feb-18 26,290 Fantastic Four #63 Page 10 (Marvel, 1967) Jack Kirby Aug-16 26,290 Thor #258 Cover (Marvel, 1977) Jack Kirby Nov-15 26,290 #16 Cover (Marvel, 1977) Jack Kirby Aug-15 26,290 Captain America #118 Cover (Marvel, 1969) Gene Colan Nov-14 26,290 Fantastic Four #5 Page 4 (Marvel, 1962) Jack Kirby Feb-05 25,300 Fantastic Four #99 Page 1 (Marvel, 1970) Jack Kirby Feb-18 25,095 Fantastic Four #44 Page 6 (Marvel, 1965) Jack Kirby May-18 23,900 Fantastic Four #74 Page 1 (Marvel, 1968 Jack Kirby Aug-10 23,900 Tales of Suspense #92 Page 7 (Marvel, 1967) Jack Kirby May-18 22,705 Captain America #120 Cover (Marvel, 1969) Gene Colan May-17 22,705 Fantastic Four #73 Page 9 (Marvel, 1968) Jack Kirby May-17 22,705 Avengers #108 Cover (Marvel, 1973) Rich Buckler Feb-17 22,705 Black Panther #10 Cover (Marvel, 1978) Jack Kirby May-14 22,705 Fantastic Four #88 Page 6 (Marvel, 1969) Jack Kirby Feb-12 22,705 Fantastic Four #63 Page 3 (Marvel, 1967) Jack Kirby May-09 22,705 Fantastic Four #55 Page 12 (Marvel, 1966) Jack Kirby May-08 22,705 Fantastic Four Annual #4 Page 9 (Marvel, 1966) Jack Kirby Feb-13 20,315 Thor #258 Cover (Marvel, 1977) Jack Kirby Feb-13 20,315 Fantastic Four Annual #11 Cover (Marvel, 1976) Jack Kirby Feb-09 20,315 Fantastic Four #5 Page 6 (Marvel, 1962) Jack Kirby May-06 20,315

93

Fantastic Four 81 Page 1 © Marvel 1968 [S4] Inks by Joe Sinnott for penciller Jack Kirby Sold for $40,331 through Heritage Auctions (2012) Image used by permission of Heritage Auctions, HA.com

94