Dolmayan said he didn't buy this copy but he wishes he could have.
"The fact that this book is completely unrestored 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 unrestored, 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.