Action Comics #1 Sells for Million Dollars
When I started collecting the books, back in early 1977, copies of Action #1 were available for something like $3500.
A copy of Action Comics #1 has been sold for a whopping one million dollars.
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.
The previous comic book record was set last year when John Dolmayan, drummer for the rock band System of a Down, paid $317,000 for an Action Comics No. 1 issue. Attempts to reach him for comment on Monday’s sale were not immediately successful.
This copy fetched a much higher price because it’s in better condition. It’s rated an “8.0 grade,” or “very fine.”
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.
These numbers are mind-boggling. When I started collecting the books, back in early 1977, copies of Action #1 were available for something like $3500. Marvel Comics #1, which was then considered the Holy Grail, was fetching something like $5000. And the newer Silver Age books, like Amazing Fantasy #15 (Spider-Man’s debut), Amazing Spider-Man #1, Showcase #4 (the debut of the Silver Age Flash and, indeed, the Silver Age itself) were going for no more than $100. Even with inflation factored in, the appreciation in values has been tremendous.