First Superman comic fetches $1 million

February 23rd, 2010 - 11:41 pm ICT by Aishwarya Bhatt  

Superman New York, Feb 23 (THAINDIAN NEWS) A rare print of the first comic book, which featured Superman, sold for $1 million on Monday. The first comic book is from a 1938 edition of Action Comics No 1, and it was sold from a private seller to a private buyer. Both the parties requested privacy, and didn’t want their names to be released. The record making issue features Superman lifting a car on its cover and the comic originally cost 10 cents.

The sale and purchase of the comic book was conducted by the auction site Stephen Fishler, co-owner of the website and its sister dealership, Metropolis Collectibles, orchestrated the sale of the comic. He said that the seller was a “well known individual” who is a resident of New York with a pedigree collection, and that the buyer was also a well-known customer who has also previously bought an Action Comics No. 1. “It’s considered by most people as the most important book,” said John Dolmayan, who is a comic book. “It kind of ushered in the age of the superheroes.” John owns the Torpedo Comics, and in 2009 he paid $317,000 for an Action Comics No. 1 issue for his client. He said that there are other comic books that have sold for more than $400,000, but this particular copy fetched a record price, because it’s in better condition. It’s rated an “8.0 grade,” which implies “very fine.” “The fact that this book is completely un-restored and still has an 8.0 grade, it’s kind of like a diamond or a precious stone. It’s very rare,” he said.

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