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View Full Version : Action #1 sets record ... loses it in a week!


Allegory Comics
02-26-2010, 10:39 AM
You may have already heard that earlier this week, a rare CGC 8.0 copy of Action Comics #1 was auctioned by a private seller to a private buyer for a record setting $1 million!

http://content.usatoday.com/communities/ondeadline/post/2010/02/first-superman-comic-sells-for-record-1m-/1

Well, it was a nice run while it lasted.

DALLAS (AP) — 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.

Allegory Comics
02-26-2010, 01:46 PM
From Newsarama
... our very own Jeff Marsick made some phone calls to the respective auction houses, and got some interesting, clarifying information: Comics Connect, which sold the issue Action Comics, doesn’t charge a house fee — which means it’s straight-up $1 million. Meanwhile, Heritage, which handled the Detective Comics issue, charges a 19.5% buyer’s premium.

Sooooooo what does that mean? Batman may be more expensive, but don’t think that’s because the bids made it that way. The winning bid for Detective was $900,000 — which then cracked the million-dollar ceiling with the buyer’s premium — while the Last Son of Krypton hit a million all on his own steam.
One person bid $1 million for Action.
One person bid $900,000 for Detective.

In light of those facts, I think Action should retain the title.

L Jamal
02-26-2010, 01:54 PM
Even though the buyer bid $900K, they did so knowing that they'd have to pay the buyer's premium, so he still spent over $1M for the book.

I know when I buy item at auction, the misc fees and shipping affect my bid and I adjust it accordingly.

Paul Sanderson
02-26-2010, 08:15 PM
Yep, Batman won again.

Allegory Comics
03-29-2010, 03:35 PM
Aaaaaand we're back!

:nyah:
Superman comic sells for $1.5M, setting record
NEW YORK (AP) — The record price for a comic book, already broken twice this year, has fallen again.

A copy of the 1938 edition of Action Comics No. 1 sold Monday (March 29) for $1.5 million on the auction Web site ComicConnect.com. The issue features Superman's debut and is widely considered the Holy Grail of comic books.

The same issue sold in February for $1 million. That number was quickly bested when a 1939 comic book featuring Batman's debut sold for $1 million and change.

The issue that sold Monday was bought from a private collector and then sold by Stephen Fishler and Vincent Zurzolo, the co-owners of ComicConnect.com.

Fishler declined to name the buyer but said he was "a hardcore comic book fan."

Paul Sanderson
03-29-2010, 05:38 PM
Won't last long. Batman will reign supreme once more.

JoshBrown
04-02-2010, 11:25 AM
What do you do with such an expensive comic? It's not like you can read it...

RandallFlagg
04-02-2010, 03:08 PM
What do you do with such an expensive comic? It's not like you can read it...
You sit in a locked closet in the middle of your house, cradling it in your arms while rocking back and forth casting suspicious glances around.