Tuesday, February 23, 2010

Superman debut gets big red '$'

what a way to turn 150,000 into one Million .


The New York post
Man of Steel? Try Man of Platinum!

A rare copy of a comic featuring the first appearance of Superman sold yesterday for $1 million, the highest price ever paid for a comic book.

The well-preserved copy of "Action Comics" No. 1 was bought by a private seller from a private buyer, auction site ComicConnect.com reported.

The seller bought the 1938 comic for $150,000 and had owned it for about 15 years, and the buyer was a collector who owns a lesser-grade copy of the comic, said ComicConnect's Stephen Fishler.

There are only about 100 copies in existence, and the one sold yesterday is one of the two highest-graded.

The $1 million figure was more than double the previous high price paid for a comic book -- $400,000 for a lower-grade copy of "Action Comics" No. 1.




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