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April 2, 2010

Action #1 Sells for $1.5 Million

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Action Comics #1 and Detective Comics #27 (the first appearances of Superman and Batman, respectively) have been in the news a lot the past few months. Both are rare comics, with only a relative handful still in existence and even fewer in close to pristine quality. And both have sold at auction for record prices. Last month, a copy of Action sold for $1 million. But an even better looking copy of the issue has just gone for $1.5 million on the auction site comicconnect.com. It goes without saying that it's a record. My favorite part of the story is that the issue was preserved by being stuck (and consequently "lost") inside another magazine for decades. Who needs mylar and slabbing?