Madame Web(Cassandra Webb) first appears in Amazing Spider-Man #210 (November 1980). Julia Carpenter becomes Madame Web in ASM #637. Values: ASM #210 CGC 9.8 = $3,000–5,000, CGC 9.4 = $400–700, CGC 7.0 = $100–160. The Sony film (2024) caused a spike followed by a correction.
Created by Denny O'Neil and John Romita Jr.,Madame Webis a blind clairvoyant connected to the "Web of Life and Destiny" who has guided Spider-Man in his adventures since 1980. Despite her often secondary role in the comics, she has become a recognizable character thanks to her unique visual design (an elderly woman connected to a spider-web-shaped device).
The Sony film “Madame Web” (February 2024) with Dakota Johnson, although critically poorly received, temporarily propelled the prices of its key issues before a rapid correction. By 2026, ratings have stabilized at levels below the peak but above the film's pre-announcement prices, reflecting residual interest in the character.
Amazing Spider-Man #210: First appearance of Cassandra Webb
ASM #210 (November 1980) is the main key issue for Madame Web. Drawn by John Romita Jr. (one of his first works on ASM), this issue features Cassandra Webb as a blind and paralyzed telepath who helps Spider-Man track down a criminal.
| CGC grade | Price (USD) — 2026 | Variation vs peak 2023 |
|---|---|---|
| 9.8 (NM/MT) | $3,000 – $5,000 | -40% (peak at $7,000-9,000) |
| 9.6 (NM+) | $1,000 – $1,800 | -35% |
| 9.4 (NM) | $400 – $700 | -30% |
| 9.0 (VF/NM) | $200 – $350 | -25% |
| 7.0 (FN/VF) | $100 – $160 | -20% |
| 5.0 (VG/FN) | $50 – $90 | -15% |
| 3.0 (Good/VG) | $30 – $55 | Stable |
The pattern is classic for "movie spec" comics: sharp increase when the film is announced, peak during the first trailer, then post-release correction, especially when the film is poorly received. Long-term collectors who bought before the hype still benefit from a nice added value compared to pre-2022 prices.
ASM #637 and Julia Carpenter: the succession of Madame Web
In Amazing Spider-Man #637 (2010, "Grim Hunt" arc), Cassandra Webb dies and bequeaths her Madame Web powers to Julia Carpenter (formerly Spider-Woman II/Arachne). This transfer is important because it is the Julia Carpenter version that the Sony film highlights:
- ASM #637 CGC 9.8:$80 – $150 (relatively affordable)
- Marvel Super Heroes Secret Wars #7 (1st Julia Carpenter as Spider-Woman):$150 – $300 in CGC 9.8
- Avengers West Coast #74 (Julia as Arachne):$30 – $60 in CGC 9.8
For investors who believe in the potential for rehabilitation of the character in the cinema (sequel or MCU), Julia Carpenter in Secret Wars #7 is an interesting angle because the price remains moderate compared to the potential.
Sony Film Impact and Lessons for Investors
The Madame Web case is a perfect educational example of the risks of “movie spec” speculation:
Chronology of speculation:
- April 2022:Announcement of the film with Dakota Johnson. ASM #210 in CGC 9.8 goes from $1,500 to $4,000 in a few weeks.
- Summer 2023:First trailer. Peak at $7,000-9,000 for 9.8s. Transaction volume is exploding.
- February 2024:Film release. Critical (15% Rotten Tomatoes) and commercial failure.
- March-June 2024:Sudden correction of 40-50%. Late speculators lose money.
- 2025-2026:Stabilization at a floor above the pre-announcement level but below the peak.
Lessons to learn:Never buy at the peak of an ad. Wait for post-release fix. Keys from characters with a small fan base are more volatile than those from established characters (Spider-Man, Wolverine, Batman).
Other notable appearances of Madame Web
For collectors who want to delve deeper into the character beyond the main key issues:
- ASM #216:2nd appearance of Madame Web. $30 – $60 in CGC 9.8.
- ASM #229-230:"Nothing Can Stop the Juggernaut" arc where Madame Web is threatened by Juggernaut. 80 – 150 $ in 9.8 for each number. These numbers mainly apply to the Juggernaut arc but Madame Web plays a key role there.
- Sensational Spider-Man #26 (2006):Madame Web regains her sight. $15 – $25 in 9.8.
- Spider-Woman vol.4 #7 (2010):Julia Carpenter as the new Madame Web. $20 – $40 in 9.8.
The character of Madame Web has a more structural than spectacular role in the Spider-Man comics: she is a guide, an oracle, rarely a fighter. This limits his potential enhancement compared to action characters like Venom or Carnage, but gives him a unique place in the Spider-Man mythology.
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