A Flurry of Bidding Has Started on a Mint Condition Spider-Man Comic
By LIZ LUCKING
Fri, Dec 22, 2023 7:30am
2 min
2 min
An impressively well-preserved issue of The Amazing Spider-Man No. 1 from 1963 will be sold at auction early next year and bids have already reached six figures.
The inaugural issue, which cost 12 cents when it hit newsstands 60 years ago, is in such good condition that it’s being called the “world’s greatest copy” by Heritage Auctions, which is selling the collectible as part of its Comics & Comic Art SignatureAuction, running from Jan. 11-14.
Considered to be in “near mint/mint” condition, the issue has a grading of 9.8 out of 10 from Certified Guaranty Company (CGC), a third-party grading service for pop-culture collectibles.
The comic is from a collection that was amassed by an employee of a museum who stored the comics in tight packs on the museum’s premises. It’s “considered one of the best Silver Age collections ever discovered,” said Heritage Auctions, referring to the Silver Age of Comic Books, a period that spanned roughly from 1956 to 1970 and saw the creation of some of the most famous superheroes including the X-Men, the Hulk, Iron Man and, of course, Spider-Man.
As of Wednesday afternoon, the current bid for the comic, which marked Spider-Man’s first appearance in his eponymous title, stood at US$220,000.
In July, another first issue of The Amazing Spider-Man, in slightly worse condition, sold for US$520,380.
Also selling at the auction is “one of the world’s finest copies” of Superman No. 1 from 1939, according to Heritage. It’s one of only two in the world graded a 7.0 by CGC and considered to be in “fine/very fine” condition.
“This is the finest unrestored copy we’ve ever offered,” the auction house said online.
A Superman No. 1—with a CGC grading of 8.0—sold for US$5.3 million in January 2022, breaking the record for the most expensive comic ever sold.
As of Wednesday afternoon, the highest bid for the issue stands at US$460,000.
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Tech investor was one of the most outspoken supporters of Trump in Silicon Valley
By Preetika Rana
Fri, Dec 6, 2024 2 min
2 min
President-elect Donald Trump named a Silicon Valley investor close to Elon Musk as the White House’s artificial intelligence and cryptocurrency policy chief, signaling the growing influence of tech leaders and loyalists in the new administration .
David Sacks , a former PayPal executive, will serve as the “White House A.I. & Crypto Czar,” Trump said on his social-media platform Truth Social.
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” he posted.
Musk and Vice President-elect JD Vance chimed in with congratulatory messages on X.
Sacks was one of the first vocal supporters of Trump in Silicon Valley, a region that typically leans Democratic. He hosted a fundraiser for Trump in San Francisco in June that raised more than $12 million for Trump’s campaign. Sacks often used his “All-In” podcast to broadcast his support for the Republican’s cause.
The fundraiser drew several cryptocurrency executives and tech investors. Some attendees were concerned that America could lose its competitiveness in emerging areas such as artificial intelligence because of overregulation.
Many tech leaders had hoped the next president would have a friendlier stance on cryptocurrencies, which had come under scrutiny during the Biden administration.
“What the crypto industry has been asking for more than anything else is a clear legal framework to operate under. If Trump wins, the industry will get this, and more innovation will happen in the U.S.,” Sacks posted on X in July.
The tech industry has also pressed for friendlier federal policies around AI and successfully lobbied to quash a California AI bill industry leaders said would kill innovation.
Sacks’ venture-capital firm, Craft Ventures, has invested in crypto and AI startups. Sacks himself has led investment rounds in many. He has previously invested in companies such as Slack, SpaceX, Uber and Facebook.
Sacks was the former chief operating officer of PayPal, whose founders included Musk and Peter Thiel . The group, called the “PayPal mafia,” has been front and center this election because of its financial muscle and influence in drumming up support for Trump.
