‘Action Comics’ #1 sets new high for sale at auction, breaking the million dollar mark
We’ve all had that argument with our mothers, haven’t we? “Why do you keep all those old comics in your bedroom?” …“Duh, mom, cause they’ll be worth tons of money one day, geez!”. And your mother, frugal as she is, looks at her collection of porcelain cat figurines, and laments. “They better be!”
Well, sleep well tonight. As it’s been widely reported across the inter-webs, a CGC graded 8.0 (Very Fine) copy of Action Comics #1, whih we all know contained the debut of Superman, was sold for (pinkies to your mouth, gentlemen…) one million dollars!
The sale was brokered by Stephen Fishler and Vincent Zurzolo of ComicConnect.com. As covered well here, the copy of Action Comics is only 1 of an estimated 100 left in existence. Of those out in the world, the CGC Census lists only 42 copies, including one unrestored copy sitting at 8.5 VF+, and three restored copies at 8.0 or higher.
So, what does all this mean? Consider that amidst a nation in recession, with high numbers of unemployed citizens, and general financial malaise rampant throughout the nation, one more feather can be placed in the ‘Recession-Proof’ aftermarket for printed comic books. Sorry Apple enthusiasts; No iPad copy of Uncanny X-men will mint you one shiny nickel whilst there are printed copies and collectors out there. Now, obviously don’t expect all your copies of slabbed “Ultraforce” and “Darkchylde Summer Swimsuit Spectacular” are gonna mint you a cool Milly’… but hey, you never know. And your mother won’t know either.