Got A Million Bucks To Buy A Comic Book?

by Armand Vaquer

Shades of Bill Gates! (Maybe he's the buyer?)

The news media is abuzz over the recent sale of the first issue of Action Comics (No. 1) for one million dollars. It was sold at auction at Comic Connect. The reason the comic book sold for that amount is due to the fact it contains first appearance of Superman and it was graded as "very fine" condition.

According to the New York Times:

Stephen Fishler, the founder of Comic Connect, said that this copy of Action No. 1 was in very fine condition. Only 100 copies of this issue of Action No. 1 are believed to be in existence. Of that batch, only two of them are in very fine condition or better. The sale breaks the previous record of $317,200 from last March when Comic Connect sold another copy of Action No. 1, but in a lower-grade condition.

It must be nice to have a million dollars to spend. But in this case, I'd say it is a good investment. The buyer is reportedly anonymous.

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