Action Comics No. 1

Action Comics No. 1 sells for record $2.16 million

Entertainment

A rare copy of the first issue of Action Comics, made famous for the first appearance of superhero Superman, has been sold for a record $2.16 million.

The auction for the special issue, graded at 9.0, began online on November 11 at ComicConnect.com. The starting bid was just $1, with a reserve price of $900,000. Neither the name of the buyer nor seller was disclosed.

The record sale marked the first time in history a comic book has broken the $2 million barrier. The issue was published in 1938 and cost just 10 cents at the time.

“When we broke the record in 2010 by selling the Action Comics No. 1, graded at 8.5, for $1.5 million, I truly believed that this was a record that would stand for many years to come,” said Stephen Fishler, CEO of ComicConnect.com and Metropolis Collectibles.

The previous world record, set in March 2010, was followed by the sale of another copy of the issue for $1 million. But neither of those issues was in as good a condition as the issue sold most recently. Twice before, the issue set the world record for the most expensive book ever, selling for $86,000 in 1992 and $150,000 in 1997.

But in 2000, it was stolen and thought lost until it was found in a storage shed in California in April this year.

Around 100 copies of Action Comics No. 1 are believed to be in existence, with just a few of those in good condition.

After the record-breaking issue was stolen, Fishler said, collectors assumed it would never be found or would be destroyed.

“Clearly, I was wrong. Not in my wildest imagination could I have predicted that this legendary, stolen Action Comics No. 1 would be found, graded at 9.0 and break the record a year and a half later,” he said.

Lana Galea View Comments

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