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Press Release - December 10, 2002

Heritage December 6-7 Auction Realizes Over $2.4 Million

DALLAS, TEXAS: "Santa Claus came early this year," said John E. Petty, Director of Auctions for Heritage Comics Auctions. "With the sagging economy, the proximity to the holiday season, and the fact that we just held another record-breaking auction six weeks ago, we were a little nervous going into this one, but the hobby has once again proved itself to be strong, and we’re thrilled."

As of noon today, Heritage sold 1,402 out of 1,897 lots offered, for a total sell-through of 73.9%, at prices totaling $2,443,677. At that time, orders were still pouring in at Heritage’s "After Auction Bargains" section, where unsold items are available first-come first-served at consignor reserve plus the Buyer’s Premium. So the final tally may be even higher.

One of the highlights of this sale was an incredible collection of THE AMAZING SPIDER-MAN comics, virtually all in stunning high grades, certified by CGC. "This was a collection put together by a collector who wanted nothing but the best," said Petty. "All the books in this collection did well, but a few were real standouts."

An AMAZING SPIDER-MAN #99, CGC graded NM+ 9.6 with white pages (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=5663) realized $1,265 against a price guide 9.4 value of $60 for a return of 21 times Guide. The Pacific coast copy of AMAZING SPIDER-MAN #88, CGC graded NM/MT 9.8 with off-white to white pages (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=5673), currently tops Guide at $60. It finished with a final price of $2,070, or 34.5 times Guide.

"The real stunner in this group was the AMAZING SPIDER-MAN #111, which CGC graded a NM/MT 9.8 with off-white to white pages (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=5654)," enthused Petty. "This book sold for $1,725, or over 38 times the current Overstreet Guide value of $45!"

Golden Age collectors weren’t left out, either. The Mile High copy of Lev Gleason’s DAREDEVIL #1, CGC VF/NM 9.0, white pages (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=5233), sold for $24,150 (current 9.4 Guide value is $14,500), and the rare ACTION COMICS #1 Ashcan, CGC VF/NM 9.0, cream to off-white pages (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=5938) realized $17,825 over a pre-auction estimate of $10,000.

"Original art was strong in this sale as well," said Petty, "We sold a great example of an early Peanuts Sunday (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6358) for $50,600, and Robert Crumb’s cover to Motor City Comics #2 (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6424) for $28,175. Personally, my favorite moment of the whole weekend was when the Ken Kelly King Kong painting (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6511) came up for sale. Based on previous sales of Kelly’s work, we had estimated this piece at a very respectable $8,000-$10,000, but there were a few people who determined to take this breathtaking piece home. By the time the dust cleared, the victor had emerged, and the painting realized $24,150."

Movie posters were also well represented in the auction, with strong prices being set for an early Mickey Mouse poster, "The Wayward Canary" (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6822) from 1932, which brought $43,700. A three-sheet from "The Gold Rush" starring Charlie Chaplin (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6776) rang in at $17,825 and a six-sheet from Shirley Temple’s "Wee Willie Winkie" (http://www.heritagecomics.com/common/auctions/closedviewlot.asp?s=805&l=6918) realized $5,405.

Heritage is planning its next Signature Auction for March 6-9, 2003 in New York City. The consignment deadline is January 24, or when the sale is full, whichever occurs sooner.

For more information about the December auction, and a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HeritageComics.com.

HCA specializes in rare, high-grade comic books, as well as vintage comic and animation art, illustration art, movie posters and comics-related collectibles.

Prospective consignors and sellers of top-end comics material and original art are invited to call Ed Jaster at 214-252-4288 or Fred McSurley at 214-252-4293 to discuss their rare comics and original illustration and comic art. Or visit http://www.HeritageComics.com and click on the "consign" tab. Or simply email EdJ@HeritageComics.com or FredM@HeritageComics.com

Movie poster consignors, please call Grey Smith at 214-668-6928 or email GreySm@HeritageMoviePosters.com

To order the next three sale catalogs, visit Heritage’s website to pay by credit card, or send a check or money order payable to Heritage Comics in the amount of $100 (a fraction of Heritage’s actual cost-to-produce the catalogs) to: Norma Pedrero, c/o Heritage Comics, 100 Highland Park Village, 2nd Floor, Dallas, TX 75205.

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