100 Hot Comics #51:
Werewolf by Night 32, 1st Moon Knight

100 Hot Comics: Werewolf by Night 32, 1st Moon Knight. Click to buy a copy from Goldin

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Why Werewolf by Night 32 is a Hot Comic

2024 MARKET UPDATE: THE COLD LIGHT OF DAY

Briefly, 1970s Marvel horror comics were hot. Now, they most certainly are not.

Werewolf by Night #32 hit a pandemic high of $26K. The most recent sale was $8K. Ouch.

2023 MARKET UPDATE: $42K IS NOT A GREAT LOOK

The 9.8 sale happened at a bad time, with the market in general, Bronze Age comic books, and Marvel horror in particular, struggling as people sold off their collectibles in the face of cost of living inflation.

Still, if you held your copy, then I would continue to do so. Signs of recovery are everywhere in the comics market, and Moon Knight is still an important character.

2022 MARKET UPDATE: NO RECENT 9.8, BUT WHEN IT DOES COME IT WILL SHATTER RECORDS

The most recent big grade sale of this book is $25,200 for a 9.6. That means the next 9.8 will comfortably break the $50K barrier. I wouldn't be shocked to see $75K.

Prices are up across the board. The Moon Knight Marvel TV series has been the reason for all this activity. But there is another factor to consider.

All things Marvel horror are hot right now: Morbius, Dracula, Werewolf by Night himself, Ghost Rider, even Man-Thing is gaining ground. Legion of Monsters is going to be a thing soon. There's a ton of action, and lots of potential for TV and movies, including the Blade movie reboot.

This book has had a wild upward ride. Can it continue? A lot depends on those movie and TV rumors being substantiated, but I wouldn't bet against it.

Recent sales:

9.6 $25,200
9.4 $10,800
9.2 $8,300
9.0 $5,900
8.5 $3,900
8.0 $3,800
7.5 $3,000
7.0 $2,600
6.5 $2,150
6.0 $2,400
5.5 $2,250
5.0 $1,800
4.5 $1,600
4.0 $1,500
3.5 $1,150
3.0 $1,600 (Idiotic FOMO buyer)
2.5 $1,000
2.0 $975
1.8 $1,200
1.5 $600

2021 MARKET UPDATE: MOON KNIGHT SHINES

Pretty much any Moon Knight comic books have been strongly rising in price this year.

High-grade sales have set new records. It could be time to sell though...

9.8 $31,200
9.6 $10,100
9.4 $4,000
9.2 $3,400
9.0 $2,900
8.5 $1,600
8.0 $2,100(!!!)
7.5 $1,325
7.0 $1,440(!)
6.5 $1,200
6.0 $1,200
5.5 $875
5.0 $900
4.5 $550 << good deal
4.0 $800(!!!!)
3.5 $800(!!!!)
3.0 $650
2.5 $550
2.0 $600
1.8 $280
1.5 $250

IF YOU BOUGHT MY RECOMMENDED GRADE LAST YEAR:

Here's the bottom line.

CGC 9.0 2020 $2,197
LAST SALE $2,900
PERCENT CHANGE +31%

2020 MARKET UPDATE: MOON KNIGHT TV SHOW SCHEDULED BY DISNEY+

While it's not QUITE as good as hearing that Moon Knight will be in a movie, a TV series on Disney+ is the next best thing -- especially if you've been investing in Werewolf by Night 32 for years on the back of speculation about just that.

Many prices have just started to soften, the exception being the very highest grades, which are breaking new records when they come to market.

9.6 $11,999
9.4 $3,317
9.2 $2,600
8.5 $1,550
8.0 $1,200
7.5 $1,200
7.0 $977
6.5 $885
6.0 $680
5.5 $710(!)
5.0 $650
4.5 $469
4.0 $484(!)
3.5 $550(!!)
3.0 $450
2.5 $400
2.0 $350

2019 MARKET UPDATE: FULL MOON, TIME FOR THE WANING TO BEGIN?

I predicted good things for Werewolf by Night 32 again, and it didn't disappoint, despite there still being no concrete proof of a Moon Knight movie or TV show.

There have been some pretty impressive sales in high grade this year, such as a CGC 9.6 going for $7,100.

A lot of the price rises have already happened. Of course, if the Moon Knight project happens, then 2019 prices will look insanely cheap.

It seems like a very tough book in high grade, with 18 CGC 9.8s in the census.

My recommendation this year is hold. Without big news, this is going to plateau.

2018 MARKET UPDATE: MOON KNIGHT SHINES BRIGHTLY

No matter what grade it turns up in, this book sells strongly. It has set new records in many grades this year.

Still no Moon Knight movie news...

Our pick of CGC 9.0 made about 34 percent this year. Recent sales:

CGC 9.6 $4,800
CGC 9.4 $3,350
CGC 9.2 $1,500
CGC 9.0 $1,500
CGC 8.0 $750
CGC 7.5 $540
CGC 6.0 $410
CGC 4.0 $275

2017 MARKET UPDATE:

A new record sale for Werewolf by Night 32 in CGC 9.8 has headlined this book in the past year, though we have dropped it down the list. Some grades have seen softening in prices, and other books are hotter overall.

Still, we feel it's only a matter of time before Moon Knight stars in a movie or TV show (rumors are rife), so this is still a book you should keep an eye on.

CGC 9.8: $14,750
CGC 9.6 $3,440
CGC 9.4 $2,050
CGC 9.2 $2,095
CGC 9.0 $1,100
CGC 7.5 $530
CGC 6.0 $475
CGC 4.0 $275

Although the most recent news on Moon Knight is a TV series under development in 2008, this is one of those books that just won't escape the attention of speculators.

It's been among the Top 20 Bronze Age comic books for the past decade or more.

Its status as a hard-to-find book in high grade is helped by the midnight blue cover, which is prone to showing wear and creasing.

Affordability is a relative term. If you can find one and have more than $14,000 to invest in one of the dozen or so CGC 9.8 copies out there, then we think it's got a lot of legs. Lucky you if you bought one three years ago for $3,000!

If not, then a VF-NM 9.0 is probably the best balance of eye appeal to price.