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BREAKING UPDATE – TMNT Buyout Offer

Welcome to Comics Insider. This is a new feature where we analyze a current buyout offer.

Teenage Mutant Ninja Turtles #1 9.8

About the Asset

This is a 9.8 graded copy of Teenage Mutant Ninja Turtles #1. There are a total of 33 in circulation.

About the Offer

Rally has received a net offer of $91,994.26 ($91.99/share) for this copy. The gross offer amount was not disclosed. That represents an 8.2% premium over the current trading price. The current market cap for an identical copy trading on Otis is $92,500.

Recent Sales History and Valuation

Rally bought this copy for $59k on July 30 2020. Otis paid $61k for theirs around the same time.The most recent public sale of this asset was in 2019 for $50k.

The slightly more widely traded 9.6 copy sold for $25k in mid 2020 and $20k in early 2019. It most recently sold a few days ago for $66k.

If we apply the same appreciation, that puts the value of our copy at around $156k to $165k. GoCollect rates its FMV at $160k, so I think that’s the right ballpark.

Inferred value – $160k

Verdict

I don’t own any of these shares (or the ones on Otis), but I would vote no if I did. It won’t trade again on Rally for a few months, but I would expect the price to pop a bit when it does.


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Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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