“Better than the stock market”: turning comics and collectibles into cash
SIOUX FALLS, SD (KELO) – It’s a weekend to celebrate heroes, at least the ones you find in the comics. The SiouxperCon started Friday at the Sioux Falls Convention Center and runs all weekend.
“I’ve been collecting comics since around 1996,” said Sioux Falls comic book collector Jon Runyan.
Runyan has been an avid comic book collector for decades and loves to see what he can find at SiouxperCon every year.
“I get my hands on the coolest stuff and love it,” Runyan said.
“It’s the biggest SiouxperCon I’ve seen since they put on the show,” said Jon Jespersen, owner of JJs Comics and Art.
This weekend’s booming convention paints a picture of the overall increase in demand for comics.
“For me, as a company, this has been the best year I have ever had,” said Jespersen. “I have been working 12 hours a day, seven days a week for 18 months.”
Jon Jespersen started doing comics and art for JJ full time five years ago and has seen his sales explode ever since.
“What has happened in the last five years and especially since COVID hit, we are further indoors, we have seen more people now investing in books, so prices have gone up and exploded,” Jespersen said.
While the starting price for new comics is on the rise across the board …
“The prices have certainly changed a lot, but for me it’s worth it,” Runyan said.
The high-end collectables market continues to experience record prices.
“A perfect example would be Amazing Fantasy 15, which is Spiderman’s first appearance, just sold for a record-breaking $ 3.2 million,” Jespersen said.
And it’s not just the fans who are driving the prices up.
“What we’re also seeing is that a lot of people are now trying to invest in these things as physical, active properties. We see Wall Street going in and developing wallets where they will buy major keys and put them in wallets, that way too, so that prices go up or down, like the stock market, it’s the same with the market. of comics, ”Jespersen said.
Over the past year, appreciation has been incredibly rapid for collectibles.
“We even see things like video games, a 1985 Super Mario game that was sealed, had sold for $ 600,000 appraised, then six months later went to heritage auction and sold for $ 2 million. “said Jespersen.
“It’s even better than the stock market,” said a SiouxperCon exhibitor.
But for some longtime fans like Jon, the comics are all about the story, without thinking about investing.
“I actually just read for the characters so I don’t sell a lot, I just mostly buy a lot,” Runyan said.
If you are looking to get into the comic book business, there is a bit of a learning curve when determining what grades and certifications to look for. SiouxperCon is a great place to learn more; it runs through Sunday at the Sioux Falls Convention Center.