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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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