Covering The Spread 42: The Other Guys

Welcome back comic book investors to another Covering The Spread.  This week I wanted to take a look at a few books outside of the big 3 (Marvel, DC, and Image) to show the potential of some of the smaller publishers.  Of course I'm only going to be scratching the surface here because I need a relatively large amount of data for these articles but I encourage you all to look into some of the “Indie” books as investments.  Studios have really taken to adapting these books (see Tank Girl, Black Hammer, The Rocketeer ETC) and they have been performing on the market really well.  With all that in mind let's start taking a look at some books.

 

Chilling Adventures Of Sabrina 8

 

Yes, this is a prime example of what can happen after a series gets adapted.  I don't think many people had this on their radar before the series came out but now I hear it talked about all the time.  It's got a great old school cover and I think in this day and age that might be enough.

But, for some reason there are no graded copies of this book.  I can't even find any mention of it online.  This issue is not listed on the CGC Census so I don't know if they aren't accepting submissions for it or not.  Anybody who has more info I'd love to hear from you in the comments!

At any rate raw copies of this book are currently fetching about $20 online.  I think that's a fair price and if the second season is as well received as the first one was there might be another big push.  And if CGC does grade this I'm excited to see what the first 9.8 to market goes for.

 

Umbrella Academy FCBD

 

Well this is about as recent as we'll be able to get on Covering The Spread!  If you've been living under a rock all week Netflix just released it's live action Umbrella Academy series and everyone is loving it.  If you haven't already seen it I highly recommend it.

This is also a great second example of how Netflix can affect the comic market.  I had completely forget this series was even coming out, and I didn't watch a single trailer or hear anyone talk about it.  However since the release I have had 5 coworkers and dozens of friends online mention it to me.  EVERYONE has Netflix at this point and I think if there is anything they are adapting I think it is a good bet (I'm holding my copies of Reborn if any of you are wondering).

I'll warn everyone in advance this time around, these numbers are pretty theoretical.  There haven't been any sales in CGC 9.6 or 9.4 as of right now.  There are copies of each listed right now, but they are asking more than the average 9.8 has sold for, although since the show has released they may just get it.

Average Raw Price 26.40
10 Copies 264.04
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 111.60
Total Costs 655.64

 

9.8 Av Price 9.6 Av Price est 9.4 Av Price est 9.2  Price
173 110 90 80
2 Copies 3 Copies 4 Copies 1 Copy Total Value
346 330 360 80 1116

If my estimates are correct we are looking at an upfront investment of $544.04 and profits of $460.36.  That's a spread of +46.04 and a nice ROI of almost 85%.  Not bad for something that was given out for free.

This is so close to release that I honestly think these numbers aren't going to be very accurate much longer.  Looking at auctions running right now, raw prices are going way up.  The graded market will follow soon after.  If you can get these at the prices I have listed or lower I think you're getting a steal.

 

Harbinger 1

 

Yes after last weeks article I wanted to discuss another Valiant book!  I may have ruffled a few feathers when I said I wouldn't blame someone for not paying attention to Valiant books, so I wanted to take a moment to clarify.  I think many Valiant books are a great read, and they have some extremely talented artists working for them.  However they are rarely discussed when it comes to speculation, so I would understand if speculators had not bothered to look into them.

Also if Jim Shooter happened to read this or last weeks article I stand by my comments about the Rai 0 cover.

Anyway this is a book that has been very sought after for a long time, especially with the coupon still attached.  It's also next up for the Valiant Cinematic Universe.  Like I said last week I'm excited for these movies and I really hope they are good.  If they are, this book is going to go nuts!

Average Raw Price 252.20
10 Copies 2521.98
Shipping Fees (EST) 100
Grading Fees (EST) 180
Selling Fees 378.40
Total Costs 3180.38

 

9.8 Av Price 9.6 Av Price 9.4 Av Price 9.2  Price
1005 287 192 145
2 Copies 3 Copies 4 Copies 1 Copy Total Value
2010 861 768 145 3784

Wowza those are some numbers!  We have an upfront investment of $2801.98 and potential profits of $603.62.  That's a very high spread of +60.36 and an ROI of 21%.  Even with those enormous profits the ROI is not that great. However there is more to discuss here.

There was a big outlier in the raw sales data.  One copy was advertised as 9.8 and sold for $617.  Pro tip for everyone reading this, if you ever see a seller listing a raw book as 9.8 they're either a liar or an idiot.  Why wouldn't they just grade it themselves? NEVER buy  these books, they always sell for way more than a raw should, but people keep buying them.

I left it in to be on the conservative side of ROI estimations, especially because finding 9.8 candidates won't be easy.  But if we had ignored that sale average raw price would've been $160.99 and ROI would jump up to almost 80%.  The reality is probably somewhere in the middle, but if you have the cash to put up I recommend grabbing these.

Wrap Up

 

Well everyone that's all I have this week!  Is there another “indie” book that you think is a good investment right now?  Bonus points if it's from a publisher I've never discussed in my article before!  Thanks to the Comic Collateral App for all of our pricing data, and thanks to all of you for reading.  See you all in a week!

 

6 comments

  • Avatar

    Having spoken to Shooter about the Rai #0 cover at cons (he is amazing! He has a binder full of stuff from his career to use as discussion prompts!), he’d probably agree with you. It’s actually pieced together from a drawing of the Punisher, technically making it a mixed media piece! I live it though, I think it’s iconic.

    Good luck finding raw 9.8s for Harbinger #1. The reason for the jump up from 9.6 is that it’s notoriously difficult to find in 9.8 among early Valiants.

  • Avatar

    For anyone looking to buy that Harbinger raw at any grade, it notoriously has maybe the most brittle cover in history. The spine is almost always split on raws, especially if the coupons were removed. In which case you shouldn’t buy it anyway. That book’s been a modern gem for decades now; regardless of what the movies do, there’s a ton of great investment potential in Valiant books, both new and old, regular and variant covers. It’s a highly unexplored universe by the millennial generation and younger.

  • ninesquareinches.com
    ninesquareinches.com

    Super excited to see movement on these books! Have my Harbinger 0 & 1 signed by David Lapham, and Shooter will be in Seattle this summer!

  • Adam Lebednik

    great article. i need that Chilling Adventures Of Sabrina 8 now.

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