Superman Debut Comic sells for $1,000,000

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Mesa

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https://news.yahoo.com/s/ap/20100222/ap_en_ot/us_superman_first_issue

Superman's debut comic book issue sells for $1M
By JAKE COYLE, AP Entertainment Writer Jake Coyle, Ap Entertainment Writer
1 hr 20 mins ago

NEW YORK – A rare copy of the first comic book featuring Superman sold Monday for $1 million, smashing the previous record price for a comic book.

A 1938 edition of Action Comics No. 1, widely considered the Holy Grail of comic books, was sold from a private seller to a private buyer, neither of whom released their names. The issue features Superman lifting a car on its cover and originally cost 10 cents.

The transaction was conducted by the auction site ComicConnect.com. Stephen Fishler, co-owner of the site and its sister dealership, Metropolis Collectibles, orchestrated the sale.

Fishler said it transpired minutes after the issue was put on sale at around 10:30 a.m. Eastern time (1530 GMT). He said that the seller was a "well known individual" in New York with a pedigree collection, and that the buyer was a known customer who previously bought an Action Comics No. 1 of lesser grade.

"It's considered by most people as the most important book," said John Dolmayan, a comic book enthusiast and dealer best known as the drummer for System of a Down. "It kind of ushered in the age of the superheroes."

Dolmayan, who owns Torpedo Comics, last year paid $317,000 for an Action Comics No. 1 issue for a client. Others have sold for more than $400,000, he said, but this copy fetched a much higher price because it's in better condition. It's rated an "8.0 grade," or "very fine."

Dolmayan said he didn't buy this copy but he wishes he could have.

"The fact that this book is completely un-restored and still has an 8.0 grade, it's kind of like a diamond or a precious stone. It's very rare," he said.

There are only about 100 copies of Action Comics No. 1 believed to be in existence, and only a handful have been rated so highly. It's rarer still for those copies to be made available for sale.

"The opportunity to buy an un-restored, high-grade Action One comes along once every two decades," Fishler said. "It's certainly a milestone."

The sticker shock was astounding to Fishler, nevertheless.

"It is still a little stunning to see 'a comic book' and '$1 million' in the same sentence," Fishler said. "There's only one time a collectible hits the $1 million threshold."

___

AP Music Writer Nekesa Mumbi Moody contributed to this report.


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Not surprised about this. This is one of the highest grade unrestored copies in existance. (it might actually be the highest, I need to check the CGC census) I believe the 6.0 sold for 300-400 k almost a year ago. The difference between a 6,0 and 8.0 for a book of this magnitude and rarity is tremendous, value wise.
 
This kind of stuff always reminds me of the Simpsons episode when Homer is paid by Mr Burns to eat a first issue comic in front of Comic Book Guy. Spider-man I think.

It's only paper imagine how easily in can be damaged.
 
This kind of stuff always reminds me of the Simpsons episode when Homer is paid by Mr Burns to eat a first issue comic in front of Comic Book Guy. Spider-man I think.

It's only paper imagine how easily in can be damaged.

Hehe, there was one episode where he was actually going through some old lady's stuff at a garage sale or something, and comes across Action Comics #1, among other high priced rarities, says "junk" and throws it away.
 
Holy crap, you could get three - maybe four - Hot Toys OC Batman figures for that money.
 
I would just like to hold this copy in my hands just to say I've done it. Congratulations to whoever bought it.
 
It is good to see my very first issue that I am in is selling for this much :)
 
:rotfl

Congrats Supes, its more then what your last movie made right?

Cage is too old to play me.. Routh did a good job but the writers really kept the pace too slow. I know there will be another good movie with me in it, you'll just have to wait and see.
 
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From a dime to a million bucks. Who'da thunk it?

Actually, now that I look at the comic/cover, what the hell is he doing? Looks like he's wrecking the place more than saving anyone. Why's he trashing The Cleaver's VW? The people around him are running away from him out of fear.

Superman - the first domestic terrorist.
 
CAge's is having too much money problems right now to waste his money on this. But I'm sure he would have wanted to get his hands on this.
 
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