BREAKING UPDATE – Thor buyout offer

Welcome to Comics Insider.

This is a new feature where we analyze a current buyout offer.

Journey into Mystery #83 9.4

About the Asset

This is a 9.4 graded copy of Journey into Mystery #83, which is Thor’s first appearance in comic form. As I said in my original write up, there is some controversy about the canonical first appearance of Thor, but it’s mostly settled.

There are 13 copies graded 9.4 with only two higher (both 9.6).

In addition to Thor, this comic also features Thor’s alter-ego / host, Dr Donald Blake, which is a fascinating story if you’re only familiar with the Marvel films.

About the Offer

Rally has received a net offer of $247,570 ($23.03 per share). This is 83.5% above the last trade and 15.2% over January’s IPO.

Based on that, the gross offer was probably around $260k.

Recent Sales History and Valuation

Rally bought #THOR for $195k in September 2020. The last public sale was May 2020 for $142k.

GoCollect values the issue at $450k.

Most lower graded copies of Journey into Mystery #83 have 2x to 3x over the last twelve months, so while $450k is maybe a bit high, I think $400k is reasonable.

Inferred value – $400k

Verdict

I do own shares of this copy, and I’ll be voting no. This is, to me, a pretty clear case of someone bidding just high enough that the offer will be approved while still leaving plenty of room to turn a quick profit.

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Author

Picture of 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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