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It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!

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02/26/2010 11:19 PM
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It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!
It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!

First Superman Comic Shatters All Records with Unprecedented $1,000,000 Sale

February 22, 2010

[link to www.comicconnect.com]

They said it couldn’t be done. They said that no comic book—no matter how rare—would ever sell for $1,000,000. This week, they were proven wrong. And in the midst of a recession, no less!

That’s because ComicConnect.com, one of the industry’s leading online auction/consignment sites, just sold an extremely rare, top-condition copy of the world’s most coveted comic book for exactly $1,000,000. That figure is more than three times higher than the prior record-holder, also set by ComicConnect.com.

That comic book, of course, is Action Comics #1, which marked the debut of Superman in 1938 and promptly changed the course of pop culture forever.

This particular copy has been in a private collection for more than 15 years, and it’s likely to disappear again once it’s been turned over to its new owner. However, ComicConnect.com will allow the media to view it briefly in its New York City showroom (873 Broadway, Suite 201, 212-895-3999). The showroom is also home to ComicConnect.com’s affiliate, Metropolis Collectibles (metropoliscomics.com), the largest vintage comic book dealer in the world.

“It’s the Holy Grail of comic books,” says founder Stephen Fishler, one of the leading experts on collectible comics.

“Before Action Comics #1, there was no such thing as a superhero or a man who could fly,” notes Fishler, who created the 10-point grading scale which today is used universally to evaluate the condition of comic books.

“It’s the single most important event in comic book history,” adds ComicConnect.com co-owner and COO, Vincent Zurzolo.

Only about 100 copies Action Comics #1 remain in existence, and of those 100, only two have received a grading of 8.0 (Very Fine) or higher. This particular book is one of them, making it among the rarest of the rare.

Up until now, the record-holder was another Action Comics #1, this one with a grading of 6.0. It sold on ComicConnect.com for $317,200 in 2009.

According to the Overstreet Price Guide to Comic Books—the industry bible—Action Comics #1 is indisputably the highest-valued comic book of all time. In second place is Detective Comics #27, which marked the first appearance of Batman in 1939. An Action Comics #1 graded 8.0 or higher is priced about 25% higher than a comparable Detective Comics #27.

Until last week, some collectors weren’t aware of the existence of this million dollar copy. Fishler, however, knew it well, because 15 years ago, he sold it for $150,000.

But why the big jump in price?

“High-grade copies are rarely, rarely offered for sale,” explains Zurzolo. “When they do come on the market, you can expect to see a big leap in value.”

“I knew that someday, there would be a seven figure comic book sale, and I dreamed of being part of that historic moment. But I didn’t think it would happen so soon, particularly given the current state of the economy.”

Imagine: back in 1938, this very comic book sold for ten cents, its sole purpose to entertain a child. 72 years later, some very fortunate adult is willing to spend $1,000,000 for the privilege of owning it—something most experts believed would never happen.

“Is it worth it?” says Fishler. “Absolutely. There is nothing else like it.”
Anonymous Coward (OP)
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02/26/2010 11:22 PM
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Re: It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!
and also. . .

February 25, 2010
Batman's debut comic sold for $1M

[link to jam.canoe.ca]

DALLAS - A 1939 comic book in which Batman makes his debut sold at auction Thursday for more than $1 million, breaking a record set just three days earlier by a Superman comic, Heritage Auction Galleries said.

The Dallas-based auction house said the rare copy of Detective Comics No. 27 sold for a total of $1,075,500, which includes the buyer's premium, to a buyer who wished to remain anonymous. The consigner wanted to remain anonymous as well.

"It pretty much blew away all of our expectations and now it's the highest price ever raised for a comic book," said Barry Sandoval, director of operations of Heritage's comics division.

A copy of the first comic book featuring Superman, a 1938 edition of Action Comics No. 1, sold Monday for $1 million in a sale between a private seller and a private buyer, with the transaction conducted by the New York City auction site ComicConnect.com.

"We can really say that Batman has nosed out Superman, at least for now," Sandoval said.

He said the consigner had bought the Batman comic in the late 1960s for $100. With a bright yellow background, the comic features Batman swinging on a rope above city rooftops.

"That cover is just one of the most famous of all comic book covers," Sandoval said.

J.C. Vaughn, associate publisher of The Overstreet Comic Book Price Guide, said most people had predicted it would be the comics with the first appearance of Superman and Batman that broke the $1 million barrier. Both comics that sold this week were in great condition - scoring an 8.0 on a scale that goes up to 10, he said.

"I think that you can greenly ascribe this to a real comfort with the liquidity of rare, high grade vintage collectibles," Vaughn said.

George Pantela, owner of Melbourne, Australia-based GP Analysis, which tracks sales of certified comics from more than 20 auction houses and dealers, said the previous record was about $317,000 paid a year ago for a lesser grade Action Comics No. 1 than the one sold this week.

Vincent Zurzolo, chief operating officer of Comicconnect.com, took the breaking of their record in stride.

"It's an exciting week in comic books when you have two comics selling for $1 million," he said.
User ID: 910516
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03/08/2010 08:04 PM
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Re: It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!
March 2010 Mega-list

I have seen many of Godaddy coupon posts.

Here is the list I have saved on my laptop. They have been in March 2010.

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<b>RUSH3</b> : 30% off also
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<u>SSL Certificates just $12.99</u>
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<b>DOGSSL</b> : SSL Cert

<u>Coupons By Order Size</u>
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<u>Entire Order</u>
<b>YES1</b> : 10% Off Entire Order
<b>CDE1</b> : 10% Off Entire Order

Everyone can use these coupons.
Anonymous Coward
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03/08/2010 08:09 PM
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Re: It’s a Bird…It’s a Plane…It’s the First Million Dollar Comic Book!
There is fear, however, that the rare comic could be come as valuable as TP should the Shyte REALLY hit the fan