The 1938 edition of Action Comics No. 1, the first appearance of Superman, sold at auction yesterday for a record-smashing $1 million sum. The previous record holder was also a version of the same comic, albeit in a lesser condition. That issue sold for $317,000 last year.
Stephen Fishler, the founder of Comic Connect, said this copy of Action No. 1 was in very fine condition. Only 100 copies of this issue of Action No. 1 are believed to still exist. Of that batch, only two are in very fine condition or better. The sale breaks the previous record of $317,200 from last March when Comic Connect sold another copy of Action No. 1, but in a lower-grade condition.
But the question remains—who actually bought the comic? Comic Connect claims that both the buyer and seller want to remain anonymous, but rumor has it that the latter is a well known collector in New York. Was it Nicolas Cage? Nah, he’s broke. He auctioned off something like $1.6 million worth of comics back in 2002—including a copy of Action Comics No. 1 (no doubt trying to help alleviate his crippling debt). Maybe he fell back off the wagon.
(via The New York Times)