Outcast #1 (2014) Image Comics
As a reminder for new readers, this article focuses on the #1 book of the Hot 10 on www.comicbookinvest.com and we will be looking at what has happened to the market in the week following the announcement of the #1 book. Trends, listings, and sales prices will be tracked from the perspective of both raw and the highest CGC graded books.
Due to the popularity of Outcast, the book was optioned by Cinemax and premiered on June 3, 2016. As stated on the Hot 10, this book was massively over printed, with the 1st print run numbering 86,000 copies. My preliminary thoughts are that this book will see a spike then settle down. The book is going to need a market correction because of the volume produced. It will be inflated for the next couple of months then it will settle into the correct pricing.
As of 6/10/16, there are only 400+ active listings on eBay. From these active listings, one quarter of the listings are slabs. Raw values are ranging from the lowest at $30 to the highest being $80. Slabs values are ranging from $250 for a CGC 9.8 Blue Label to $800 for a 9.8 CGC SS Signed by Robert Kirkman and Paul Azaceta.
There have only been 190 completed auctions since 6/10/16 with 30 graded sales. Raw sold listings ranged from $25 for a VF copy to $50 for a NM raw copy. Sold slab listings ranged from $100 to $180.
The graph below shows the sales for the last 2 years for 9.8 CGC slabs:
I think this will die down eventually and go back to a reasonable $25 book in a year or so in the raw state. I think if you have a 9.8 slab this is the one that could see some increased value if you hold on to this book. I would hold on to this book (as Jimmy Linguini stated on the Unpressable Defects podcast) until at least 6 episodes have screened. Then you can assess better whether the book is a long term hold. This is a prime example of striking the fire while it is hot. Those who got books during the week when they came out are having financial success.