A super-rare and very fine issue of Action Comics #1 sold today at auction for $1,000,000, a new record for this kind of collectible. According to the AP, only 100 copies of this comic are still in existence, and none approach this good of condition.
The transaction was conducted by the auction site ComicConnect.com. Stephen Fishler, co-owner of the site and its sister dealership, Metropolis Collectibles, orchestrated the sale.
Fishler said it transpired minutes after the issue was put on sale at around 10:30 a.m. Eastern time (1530 GMT). He said that the seller was a “well known individual” in New York with a pedigree collection, and that the buyer was a known customer who previously bought an Action Comics No. 1 of lesser grade.
The previous comic book record was set last year when John Dolmayan, drummer for the rock band System of a Down, paid $317,000 for an Action Comics No. 1 issue. Attempts to reach him for comment on Monday’s sale were not immediately successful.
For those keeping track, that’s a profit of 10,000,000,000%. And they say we’re in a recession. Tcha.
[via APNewsBreak]
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