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Today's sale of a copy of the first Superman comic book, "Action Comics #1," was a record-breaker that bodes well for those who argue that pop culture matters. The issue of the 1938 comic, which sold for 10 cents at the time, went for a whopping $1 million today. That's $682,800 more than the prior record for a comic book -- also "Action #1" -- in 2009. The difference in the value of the two was the grading: a 6.0 for the 2009 sale and an 8.0 for the current one. An 8.0 comic is considered of "very fine" quality and there are just two such "Action #1s" known to be of such quality, including the one sold in New York today by Comic Connect.com to an unnamed, but notorious, collector.
Fifteen years ago, the exact copy sold for a mere $150,000, according to the Web site, which ceased further transactions today because of the incredibly high volume online. The reason for the jump in price in recent years is that "high-grade copies are rarely, rarely offered for sale,”ComicConnect.com co-owner Vincent Zurzolo said in a statement. Aside from that, "Action Comics" are among the most important to comics history, featuring arguably the most famous superhero of all time. Moreover, there are only about 100 copies of "Action #1" left in existence.
The comic emanates from a private collection and will probably disappear into one again once it has been turned over to its new owner. ComicConnect.com is allowing the media to view the comic briefly in its New York City showroom and provided the above image of the book.
http://dscriber.com/home/1208-why-a-superman-comic-book-sold-for-1-million.html
Today's sale of a copy of the first Superman comic book, "Action Comics #1," was a record-breaker that bodes well for those who argue that pop culture matters. The issue of the 1938 comic, which sold for 10 cents at the time, went for a whopping $1 million today. That's $682,800 more than the prior record for a comic book -- also "Action #1" -- in 2009. The difference in the value of the two was the grading: a 6.0 for the 2009 sale and an 8.0 for the current one. An 8.0 comic is considered of "very fine" quality and there are just two such "Action #1s" known to be of such quality, including the one sold in New York today by Comic Connect.com to an unnamed, but notorious, collector.
Fifteen years ago, the exact copy sold for a mere $150,000, according to the Web site, which ceased further transactions today because of the incredibly high volume online. The reason for the jump in price in recent years is that "high-grade copies are rarely, rarely offered for sale,”ComicConnect.com co-owner Vincent Zurzolo said in a statement. Aside from that, "Action Comics" are among the most important to comics history, featuring arguably the most famous superhero of all time. Moreover, there are only about 100 copies of "Action #1" left in existence.
The comic emanates from a private collection and will probably disappear into one again once it has been turned over to its new owner. ComicConnect.com is allowing the media to view the comic briefly in its New York City showroom and provided the above image of the book.
