Comic goes for record US$1.5m
Source: Agencies |
March 31, 2010, Wednesday
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Print Edition
Print Edition
THE record price for a comic book, already broken twice this year, has been shattered again.
A copy of the 1938 edition of Action Comics No. 1 sold on Monday for US$1.5 million on the auction Website ComicConnect.com. The issue, which features Superman's debut and originally sold for 10 cents, is widely considered the Holy Grail of comic books.
The same issue sold in February for US$1 million, though that copy wasn't in as good condition as the issue sold on Monday. That number was bettered just days later when a 1939 comic book featuring Batman's debut sold for US$75,000 more at an auction in Dallas.
There are about 100 copies of Action Comics No. 1 believed to be in existence, and only a handful in good condition. The issue that sold on Monday was rated slightly higher than the one that sold in February; it had been tucked inside an old movie magazine for years before being discovered.
The issue was bought from a private collector and then sold by Stephen Fishler and Vincent Zurzolo, the co-owners of ComicConnect.com. It was bought minutes after being posted on Monday at the asking price of US$1.5 million by "a hardcore comic book fan," Fishler said.
Fishler speculated the sudden burst of record-priced sales are due to "pent-up demand." Issues of such prized comic books rarely hit the market. Rarer still are issues in such good condition. "I can't imagine another book coming on the market that exists that would top this," Fishler said. "This may be the final say - at least for the next 10 or 20 years - for a record price of a comic book."
A copy of the 1938 edition of Action Comics No. 1 sold on Monday for US$1.5 million on the auction Website ComicConnect.com. The issue, which features Superman's debut and originally sold for 10 cents, is widely considered the Holy Grail of comic books.
The same issue sold in February for US$1 million, though that copy wasn't in as good condition as the issue sold on Monday. That number was bettered just days later when a 1939 comic book featuring Batman's debut sold for US$75,000 more at an auction in Dallas.
There are about 100 copies of Action Comics No. 1 believed to be in existence, and only a handful in good condition. The issue that sold on Monday was rated slightly higher than the one that sold in February; it had been tucked inside an old movie magazine for years before being discovered.
The issue was bought from a private collector and then sold by Stephen Fishler and Vincent Zurzolo, the co-owners of ComicConnect.com. It was bought minutes after being posted on Monday at the asking price of US$1.5 million by "a hardcore comic book fan," Fishler said.
Fishler speculated the sudden burst of record-priced sales are due to "pent-up demand." Issues of such prized comic books rarely hit the market. Rarer still are issues in such good condition. "I can't imagine another book coming on the market that exists that would top this," Fishler said. "This may be the final say - at least for the next 10 or 20 years - for a record price of a comic book."
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