On Thursday, August 4, 2016, a copy of Action Comics #1
with the first appearance of Superman quickly flew past the $750,000
estimate to sell for close to $1 million at Heritage Auctions. As part
of their Comics & Comic Art Signature Auction, Heritage sold the 1938 comic, graded 5.5 by CGC, for $956,000. It set a new record for sale of Action Comics #1 at Heritage.
“As the bidding went higher and higher we were grateful bidders
recognized this copy as the gem it truly is,” said Lon Allen, Managing
Director of Comics & Comic Art at Heritage. “Few copies of this
comic survive, let alone come to auction with such a bright cover. It
displays beautifully.” Action Comics #1 was originally sold on comic racks for just 10¢ in June 1938. There are only about 100 copies currently known to exist.
The copy that sold on Thursday was part of a collection that was
purchased from a dealer in the 1990s for $26,000. Allen also stated that
the copy likely drew intense bidding because it is very attractive for