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December 2, 2011

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Comic book sells for US$2.16m

A RARE and pristine copy of the first issue of Action Comics, famed for the first appearance of Superman, has set a record on Wednesday for the highest amount paid for a single comic book - US$2.16 million.

The issue, graded at 9.0, was auctioned starting November 11 online at www.comicconnect.com. The starting bid was just US$1. The names of neither buyer nor seller were disclosed.

It is the first time a comic book has broken through the US$2 million level. The issue was published in 1938 and cost just 10 US cents.

Stephen Fishler, chief executive of ComicConnect.com and Metropolis Collectibles, said: "When we broke the record in 2010 by selling the Action Comics No. 1 for US$1.5 million, I truly believed this was a record that would stand for many years."

The record set in March 2010 was followed by the sale of another copy of the same issue for US$1 million.

But neither of those was in a condition as good as the copy sold this week. Twice before it has set a record - selling for US$86,000 in 1992 and US$150,000 in 1997.

In 2000, it was stolen and thought lost until it was recovered from a storage shed in California in April this year.





 

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