Action Comics #1 Sells For More than $950,000 At Auction

The Associated Press reports that a copy of Action Comics #1, featuring the first appearance of Superman, fetched nearly $1 million at auction recently.

The Dallas-based Heritage Auctions reports that the 1938 comic sold Thursday for $956,000. The issue -- one of about a hundred known to exist -- was graded at 5.5 by Certified Guaranty Co. (CGC).

The comic had been expected to sell for about $750,000. Heritage says that the seller had acquird the comic in the 1990s for just $26,000 -- so insert your own jokes about the '90s speculator boom and bust here. Spokesman Eric Bradley told the AP that neither the seller nor the bidder wished to be identified.

In 2014, a copy of Action Comics #1 sold for over $3 million, the first time a comic book had done so.

A CGC 9.0 graded copy of Action Comics #1 sold on eBay for $3,207,852.00. The previous record holder was another CGC 9.0 grade copy of Action Comics #1, which was sold by ComicConnect.com for a record $2,161,000 in 2011.

Superman was created by Jerry Siegel and Joe Shuster, who originally had hoped to sell the character as a comic strip. Failing that, they compiled a number of the strips together into a comic book and shopped it around to publishers, eventually landing at the publisher which would later come to be known as DC Comics.

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