The owner of West Coast Sports Cards in Federal Way, WA, is donating some of the proceeds from the sale of more than $1 million in rare comic books to charity.
Darren Adams, who also owns Pristine Comics, sold high-grade copies of three vintage books on eBay. “All Star Comics #8” rated 9.4 fetched $936,223, “Sensation Comics #1” graded 9.6 went for $399,$100 and “Wonder Woman #1” graded 9.0 sold for $226,877.
“To have the very first appearance of an iconic character, the best-known copy in existence, is really something special,” Adams told the Federal Way Mirror regarding the All Star Comics issue. “It would be like having the very first Ford off the assembly line.”
Two of the books were the highest graded examples in existence for good reason. The original owner bought them directly from a magazine distributor and they remained virtually untouched for over 70 years. The sale last weekend marked the first time they were ever offered.
Adams says he’s donating a portion of the money to organizations that fight human trafficking.
Goldin Auctions is accepting consignments for a special Hurricane Harvey Relief Fund Auction in which 100 percent of the bid price and buyer’s premium for every item will be donated to the American Red Cross. The auction, which has been approved by the American Red Cross, is being held as part of the Goldin Auctions October Legend Auction from early October through November 4. Founder Ken Goldin says he donted $10,000 worth of memorabilia from his personal collection to the auction.
Collectors may consign items valued at over $200 that do not need to be authenticated including; trading cards, comic books, autographs, political memorabilia, game-used memorabilia, coins, currency and more. Donors will have the option of having their name printed in the catalog alongside the items they donate. To consign an item, visit the company’s website. Items must be consigned by September 8 and arrive at Goldin Auctions by September 12.
“We encourage the sports memorabilia community to come together to help the American Red Cross help the people of Texas during this difficult time,” said Mr. Goldin who conducted a similar auction following Superstorm Sandy in 2012. “Whether you can donate an item or place a bid, you can be assured that the full purchase price will help people in need.
“If current or former professional athletes, sports agents or anyone else in the sports and entertainment industry are looking for an easy way to help the American Red Cross, just donate a piece of memorabilia and we’ll make sure it gets sold.”
Collectors Universe, the parent company of PSA and PSA/DNA, says revenues in the fourth quarter of fiscal 2017 increased by $1.6 million, or 10%, to a fourth quarter record of $18.0 million, from $16.4 million in last year’s fourth quarter. That increase was driven by a $1.1 million, or 10%, increase in coin service revenues and a $0.6 million, or 14%, increase in cards and autograph service revenues.
For the fiscal year ended June 30, 2017, revenue was up by $9.2 million, or 15%, to an annual record of $70.2 million, compared to $61.0 million in fiscal 2016. That increase was driven by a $7.3 million, or 18%, increase in coin revenues and a $2.0 million, or 13%, increase in cards and autograph proceeds.