1974 Marvel Comics Incredible Hulk #181 CGC 9 MINT IPO

Welcome to Comics Insider for February 8th, 2021 – FREE edition.

Each week we give you the scoop on undervalued, mispriced and hidden gems in alternative and fractional investing.

Comic Books performance in 2022

Comics on fractional marketplaces have had a great start in 2022, going nowhere but up. This has been bolstered by strong auction results and a buyout offer on Rally.

Price data taken from Otis and Rally

Comic Books performance last week

Fractional secondary markets

Most comics were up last week, led by Spiderman #129 and Hulk #181 on Otis, up 39% and 35% respectively. Six of the seven decliners were on Rally, which has led to some excellent buying opportunities there – Captain America #3 and Batman #1 look good to us.

All stats come from assets trading on the secondary markets at Otis, Collectable, and Rally


Heritage wrapped up a weekly auction with some fantastic results for the high-end stuff.

The most notable and encouraging result was X-Men #1, which hammered at $75k, $9k above the most recent sale of an identical copy just a fortnight ago.

The strangest super-heroes of all

A CGC 4.5 graded copy of Amazing Fantasy #15 (first Spider-Man) sold for $69k, which was in line with a few recent sales but up over 100% from a year ago. A copy graded 1.8 sold for $28,800, which was up 10% from a month ago and 50% year on year. Another good example of higher-tier blue chips (the 4.5 graded Amazing Fantasy #15) outpacing lesser versions (the 1.8), matching the same trend we’ve been observing over the last twelve months.

A copy of Fantastic Four #1 graded CGC 4.5 leaped over 50% from a couple of months ago to hammer at $36k, though it’s worth noting the page color was slightly superior.

Lower-quality comics were mostly flat to down.

Comic Books dropping this week

New IPOs

This week marks a new entrant to the fractional comics space as Dibbs drops a CGS 9.0 copy of Hulk #181.

Wolverine features in here, I promise.

With Dibbs, unlike Rally and Otis, you can choose exactly how much of the asset you want to buy (see graphic above).

We wrote about Incredible Hulk #181 when Rally IPO’ed a superior CGC 9.8 copy around a year ago. That copy was bought out, but Otis has another CGC 9.8 copy available at a market cap of $70k.

Hulk #181 is special not because of the green guy but because it features Wolverine’s first full appearance (he had a cameo in Hulk #180). Dibbs did a write-up of its significance that goes into a bit more detail than ours did.

Here are the drop details:

Incredible Hulk #181 CGC 9.0

  • Market Cap: $11k
  • Inferred Value: $12k
  • Dropping: Dibbs 8th February 2022
  • Our view: [INSIDERS ONLY]

Secondary markets

A CGC 9.8 copy of Ghost Rider #1 trades for the first time this week on Rally. The current market cap (as of morning 8th Feb) is at $20k, but the inferred value was only $10k. That said, I’m grateful for any excuse to post a clip from the awful film!


Pretty quiet this week, though ComicConnect is hosting a pulp comics auction if that’s your thing.

Maybe this is your kind of thing?

Next week in comics

At Auction

ComicConnect has a pretty decent auction coming up in a couple of weeks including a CGC 9.8 copy of Spiderman #129 (first Punisher) among others. To be honest it’s hard to get a feel for the whole auction, because the sorting and filtering options are… uh, limited.

“One Batch, Two Batch, Penny, And Dime.”

Heritage is running another mid-tier auction next week with a Daredevil #1 and Avengers #1 leading the way.

Likewise, ComicLink has lots of mid-tier stuff this week and next.



Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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