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Buyout Offer: Avengers #1

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Buyout Offer: Avengers #1
May 3, 2022
Claire Zhang

‍The Asset: Daredevil #1

Avengers #1 is one of the most sought-after keys in all of comics as it features the first appearance of The Avengers, the premier superhero lineup in the Marvel Cinematic Universe. This copy of the book is graded a CGC 9.4, the second highest grade in existence with only 5 copies graded higher (9.6).

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The Offer

‍$200,000, which would net investors $100.00 / share, representing a 100% gain to the drop value of $100,000 or $50.00 / share on 7/21/20. Compared to the last traded price at $75.00 / share on 5/3/22, the offer represents a gain of 33%.

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Recent Sales

There are no recent public sales of a 9.4. The most recent public sale for a 9.4 is from 2018. We purchased our copy in June 2020 for $95k.

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There were two sales in 2021 of a 9.6 (highest graded). The most recent sale was for $360k at Goldin Auctions in September 2021. The second was for a buyout on another fractional platform (July 2021) that netted investors $309.8k.

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Based on ratios we typically see for the second highest graded copy of a comic book, we'd estimate an FMV range for our copy to be approximately $165k - $216k.

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Submit Counteroffer: Open the asset in the app to submit your offer.


Trading has been placed on hold pending investor feedback related to the offer. We asked shareholders to provide feedback by Friday, May 6th at 5pm ET.

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The Otis team will approve or reject the offer based on a number of factors, including shareholder vote, recent sales, and trading price on Otis. If the buyout is approved, investors will be eligible to receive a payout into their Otis cash account once the transaction is finalized.

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RESULT (5/6/22, 5pm ET):

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The offer was accepted. The results of investor feedback were 96.9% approve and 3.1% reject, weighted by shares.

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