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    Description

    Famous Funnies (Series 1 one-shot) #1 (Eastern Color, 1934) CGC Apparent VF- 7.5 Extensive (P) White pages. The first comic book to actually be sold to the public is now one of the steepest challenges for the comic book collector! Considered "very rare" by Overstreet and a "10" or "unique" by Gerber, Comic Book Marketplace estimate that perhaps ten copies exist, and only ten copies appear on CGC's census as of this writing (coincidence? We think not!) -- five are unrestored, and five are restored. This copy is tied for the highest restored grade!
    The print run was said to be just 35,000 -- if you compare that to Superman #1's million-copy print run and think how difficult that book is to find, the true challenge of securing one of these rarities becomes clear. Indeed, we at Heritage have only had the privilege to offer two copies before now. The scarcity is one of the reasons why the issue is ranked #61 on Overstreet's list of Top 100 Golden Age Comics, and it would be higher if a value above VF were listed. Hoping to find an unrestored high-grade copy strikes us as sheer folly: the highest unrestored copy certified by CGC is a 3.0 specimen. We also think that the grading may have been just a tad harsh on this one, as this copy has the eye appeal of a VF or better book.
    As mentioned above, this is the first comic book to be sold to the public, all previous ones were giveaways! And while the notation on the CGC slab calls this a newsstand comic book, our understanding is that it was only distributed through department stores. At 10¢ for 64 interior pages, this was the prototype for all comics that followed, and as such, is an extremely desirable item in any grade. CGC notes, "Restoration includes: color touch, pieces added, tear seals, cover cleaned, interior lightened, reinforced, staples replaced." Six years ago we sold an unrestored GD 2.0 copy for almost $8,000, so be prepared to go to the mat for this one! Overstreet 2013 GD 2.0 value = $4,267; VG 4.0 value = $8,534; FN 6.0 value = $12,800; VF 8.0 value = $30,000.


    Auction Info

    Auction Dates
    February, 2014
    20th-22nd Thursday-Saturday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
    Page Views: 996

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    I have done a preliminary analysis and the total of the hammer prices was $67,550. With BP, the final figure was $80,722.25. That is against the total insurance value of $34,785 or 2.32 x ‘pre-auction estimate’. Incredible, really, so a big thanks.
    Mark A.,
    Stratford-Upon-Avon, UK
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