Superman's debut comic book sells in NYC for $1M

Associated Press Modified: February 22, 2010 at 7:40 pm •  Published: February 22, 2010
Advertisement
;

NEW YORK (AP) — 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 by 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. 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 the rock band 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.

That purchase is considered the "official public record" for a comic book sale, said Mark Zaid, the marketing director for the Comic Book Collecting Association, which was launched Monday. There have been other private sales in the $300,000 to $450,000 range, he said.

| |

Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Antonin Scalia faults Sonia Sotomayor for 'doubly shameful' suggestion that Michigan voters are...
  2. 2
    The NRA Quietly Backs Down On Domestic Violence
  3. 3
    Tara Lipinski, Johnny Weir to work Kentucky Derby
  4. 4
    Oklahoma basketball: Juco guard set to visit Sooners on Wednesday
  5. 5
    Texas town ready to drink its own toilet water
+ show more