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Action Comics # 1 Sets a Record, Bankrupts Paraguay

By | February 23rd, 2010
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Today in an auction through ComicConnect.com, an 8.0 out of 10 CGC rated copy of Action Comics # 1 (the first appearance of Superman) sold for a record breaking $1 million.

That was not a typo.

$1 million dollars. For a comic.

The identity of the buyer is unknown, but with Nicolas Cage out of the picture due to the whole bankruptcy thing the most likely contender is out of the picture. My bet? Our very own Gil, who would have picked it up and quickly asked for his money back when he realized Gary Frank didn’t draw it.

Opinions are varied on what this means for the industry, but here is the company line:

It’s the single most important event in comic book history,” adds ComicConnect.com co-owner and COO, Vincent Zurzolo. Only about 100 copies Action Comics #1 remain in existence, and of those 100, only two have received a grading of 8.0 (Very Fine) or higher. This particular book is one of them, making it among the rarest of the rare. Up until now, the record-holder was another Action Comics #1, this one with a grading of 6.0. It sold on ComicConnect.com for $317,200 in 2009.

Some speculators have surmised that an 8.0 copy of Detective Comics # 27 (the first appearance of Batman) could surpass it this week, but once again, I stress that Nicolas Cage is not in the running. I repeat…the Cage is off the table. We’ll see if the record is broken again this weekend, but my money is on “probably not.”


David Harper

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