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Inked Equity
The thesis · Section 01

The Case for Original Comic Art

Original comic art is the hand-drawn artwork used to create comic books—the actual pages and covers produced by legendary artists before they were printed and distributed to readers. For decades, this artwork wasn't viewed as valuable. In fact, publishers often retained the physical pages, so there was literally no market for them! That changed in the early 80s, when changes in U.S. copyright law prompted much of the art to be returned to the artists who created it. Those artists then sold the work directly to fans through mail-order catalogs, convention appearances, and personal networks. From those humble beginnings, a passionate collector community emerged and grew organically over time. Unlike many collectible booms driven by speculation, the original comic art hobby has been built by a steady stream of dedicated collectors who value the artwork for its artistic, historical, and cultural significance.

Public auction record · 2002 — 2025

Vintage original comic art, total annual sales

From $3.4M in 2002 to $94.5M in 2025 — a roughly 28-fold increase in annual public auction volume.

Auction volume (USD)Lots sold
Comic art public auction sales, 2002–2025Bars show yearly public auction sales in U.S. dollars (left axis). Line shows yearly lots sold (right axis). Source: Heritage Auctions.2002: $3,397,520 · 1,760 lots2003: $4,247,341 · 5,087 lots2004: $4,618,331 · 6,342 lots2005: $4,919,700 · 6,328 lots2006: $3,940,448 · 7,881 lots2007: $6,025,896 · 5,846 lots2008: $10,705,688 · 8,011 lots2009: $6,809,387 · 6,595 lots2010: $21,334,923 · 8,764 lots2011: $15,997,985 · 17,140 lots2012: $19,154,217 · 27,657 lots2013: $30,424,201 · 37,898 lots2014: $25,797,277 · 44,009 lots2015: $25,538,005 · 50,757 lots2016: $30,401,740 · 61,254 lots2017: $14,021,713 · 57,247 lots2018: $34,627,137 · 60,877 lots2019: $52,207,060 · 58,447 lots2020: $49,541,467 · 60,645 lots2021: $54,515,716 · 61,081 lots2022: $83,150,338 · 59,423 lots2023: $64,358,527 · 58,643 lots2024: $79,548,038 · 61,097 lots2025: $94,456,855 · 56,424 lots2002: 1,760 lots2003: 5,087 lots2004: 6,342 lots2005: 6,328 lots2006: 7,881 lots2007: 5,846 lots2008: 8,011 lots2009: 6,595 lots2010: 8,764 lots2011: 17,140 lots2012: 27,657 lots2013: 37,898 lots2014: 44,009 lots2015: 50,757 lots2016: 61,254 lots2017: 57,247 lots2018: 60,877 lots2019: 58,447 lots2020: 60,645 lots2021: 61,081 lots2022: 59,423 lots2023: 58,643 lots2024: 61,097 lots2025: 56,424 lots$0$20M$40M$60M$80M$100M020K40K60K80K200220072012201720222025USD AUCTION SALESLOTS SOLD
Comic art public auction sales by year, 2002–2025. Source: Heritage Auctions.
YearPublic auction sales (USD)Lots sold
2002$3,397,5201,760
2003$4,247,3415,087
2004$4,618,3316,342
2005$4,919,7006,328
2006$3,940,4487,881
2007$6,025,8965,846
2008$10,705,6888,011
2009$6,809,3876,595
2010$21,334,9238,764
2011$15,997,98517,140
2012$19,154,21727,657
2013$30,424,20137,898
2014$25,797,27744,009
2015$25,538,00550,757
2016$30,401,74061,254
2017$14,021,71357,247
2018$34,627,13760,877
2019$52,207,06058,447
2020$49,541,46760,645
2021$54,515,71661,081
2022$83,150,33859,423
2023$64,358,52758,643
2024$79,548,03861,097
2025$94,456,85556,424

Source: Heritage Auctions, public auction sales of original comic art, 2002–2025.

Another tailwind pushing original comic art forward is its absolute scarcity. Pokémon cards, sports memorabilia, comic books, and trading cards were all mass-produced, even if some examples are now considered rare. Original comic art is different. Every cover, splash page, and story page is unique: a one-of-one work of art created by hand. There is no higher-grade copy, no unopened case waiting to be discovered, and no additional supply that can enter the market.

At the same time, original comic art occupies a unique chronological sweet spot. The market has a long and proven history of growth that many newer collectible categories cannot yet claim, while remaining culturally vibrant and relevant in a way that some older collecting fields have struggled to maintain. It is mature enough to be established, yet modern enough to continue attracting new generations of collectors.

The enduring appeal of original comic art is driven by the characters and stories it represents. Marvel and DC superheroes have become some of the most recognizable intellectual properties in the world, generating billions of dollars through films, television, gaming, merchandise, and publishing. Characters such as Spider-Man, Wolverine, Batman, Superman, and the Avengers have transcended comics to become fixtures of global popular culture. The collectibles connected to those characters have followed a similar trajectory, with key comic books now regularly selling for millions of dollars. At the same time, comic art itself is increasingly being recognized as a legitimate artistic medium. Original comic art is finding its way onto museum walls, most notably through the Lucas Museum of Narrative Art, a multi-billion-dollar institution dedicated to celebrating visual storytelling and illustration.

This is why Inked Equity is betting on original comic art. It combines true one-of-one scarcity, a passionate and growing collector base, decades of market history, and direct ties to some of the most valuable and culturally significant characters ever created. In a world where exceptional collectibles are increasingly sought after, original comic art stands apart as a finite asset class whose greatest examples may only become available once in a generation.

Convinced? Or curious?

Explore the gallery for artwork details and listed share availability.