Friday, December 2, 2011

Action Comics No. 1 sells for record $2.16m

A rare copy of the first issue of Action Comics, famed for the first appearance of Superman, has been sold for a record $2.16 million (£1.4m).The issue, graded at 9.0, was auctioned starting Nov. 11 online at www.comicconnect.com. The starting bid was just $1 but there was a reserve price of $900,000. Neither the name of the buyer nor seller was disclosed.

The previous record set in March 2010 was followed by the sale of another copy for $1 million. But neither of those issues was in as good a condition as the issue that sold on Wednesday, though it's pedigree of setting records was already documented. Twice before it set the record for the most expensive book ever, selling for $86,000 in 1992 and $150,000 in 1997.

But in 2000, it was stolen and thought lost until it was recovered in a storage shed in California in April this year

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