Last month, Heritage Auctions put a CGC 5.5 copy of Action Comics #1 on the auction block. It sold yesterday for nearly one million dollars.

Originally, Heritage Auctions expected the sale of the first appearance of Superman to only hit $750,000.00, but the price skyrocketed to $956,000 – a new record for the title.

actioncomics1cover

As the bidding went higher and higher we were grateful bidders recognized this copy as the gem it truly is,” said Lon Allen, Managing Director of Comics & Comic Art at Heritage. “Few copies of this comic survive, let alone come to auction with such a bright cover. It displays beautifully.”

Before hitting the auction block this week, this particular copy of Action Comics #1 was purchased in the 1990s for $26,000. The seller certainly made a smart decision in selling in this market.

Over the last decade several copies of Action Comics #1 have been put up for sale. Even with the dozen or so sales we know about, it is estimated that 100 copies of Action Comics #1 exist today.Still, the next time you are at that garage sale, or tearing down the wall of an older home, be on the look out for the next undiscovered copy.

The Author

Stephen Schleicher

Stephen Schleicher

Stephen Schleicher began his career writing for the Digital Media Online community of sites, including Digital Producer and Creative Mac covering all aspects of the digital content creation industry. He then moved on to consumer technology, and began the Coolness Roundup podcast. A writing fool, Stephen has freelanced for Sci-Fi Channel's Technology Blog, and Gizmodo. Still longing for the good ol' days, Stephen launched Major Spoilers in July 2006, because he is a glutton for punishment.

You can follow him on Twitter @MajorSpoilers and tell him your darkest secrets...

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