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Nicolas Cage reportedly sold comics collection to stop financial bleed

Nicolas Cage in "Ghost Rider"

Nicolas Cage in "Ghost Rider"

Remember back in 2002 when actor Nicolas Cage auctioned off his comic collection for a cool $1.6 million but never said why? Well, now we may know.

Last month the star of Ghost Rider and the upcoming Kick-Ass sued his former business manager for $20 million, blaming him for financial problems that include more than $6 million in tax liens. However, in a countersuit filed last week, Samuel J. Levin claims that by the time the actor hired him in 2001 Cage “had already squandered tens of millions of dollars he had earned as a movie star.”

Levin asserts that he advised Cage he would need to earn more than $30 million to maintain his lifestyle, and persuaded him to sell a dozen automobiles and his comic-book collection, which included copies of Action Comics #1, Detective Comics #1 and All-Star Comics #3.

But by the time Ghost Rider was released in 2007, Cage reportedly had fallen back into his old habits: Levin contends that in that year alone the actor purchased three homes worth more than $33 million, 22 cars, 12 pieces of expensive jewelry and 47 pieces of artwork. Within a year, Cage’s tally of homes had reached 15. He also owned an island in the Bahamas, four yachts and a Gulfstream jet.

No wonder he’s so eager for another Ghost Rider movie.

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3 Comments

My name is Nicholas J. Cage, millionaire. I own a mansion and a yacht.

Y’know if I found a way to MAKE $20 or $30 million, I’m pretty sure I could find SOME way to spend it – ALL of it…lucky for me I’m married…

“Remember back in 2002 when actor Nicolas Cage auctioned off his comic collection for a cool $1.6 million but never said why?”

He did say why around the time Ghost Rider came out.

“Actor Nicholas Cage has revealed he gave up his love of comic books after part of his beloved collection was stolen. The star, who appears in new comic adaptation Ghost Rider, was so upset when his favourite graphic novels were stolen that he decided not to pursue his hobby any longer. “Three of my best comics were robbed – Action One, Detective 27 and Detective 14,” says the Con Air star. “Those books today would be worth, I don’t know how much, more than the whole collection itself was at the time. It occurred to me that I didn’t want that in my house anymore because I didn’t want that sort of temptation for people to do that, so I sold everything.”"

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