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Rare Superman comic sold at auction for close to $1 million

By Sarah Mulé
A rare copy of "Action Comics #1," which marked the first appearance of Superman, was sold at an auction Thursday for close to $1 million. Photo from Heritage Auctions
A rare copy of "Action Comics #1," which marked the first appearance of Superman, was sold at an auction Thursday for close to $1 million. Photo from Heritage Auctions

DALLAS, Aug. 6 (UPI) -- A rare copy of Action Comics #1, which marked the first appearance of Superman, was sold at an auction Thursday for close to $1 million.

Heritage Auctions in Dallas sold the edition for $956,000 - which far surpassed the original estimate of $750,000.

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The comic, which debuted in June 1938, originally sold for $.10 a copy. There are about 100 copies of the issue believed to still be in existence.

"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 Auctions. "Few copies of this comic survive, let alone come to auction with such a bright cover. It displays beautifully."

The issue came from a private collection and was purchased from a dealer in 1998 for $26,000.

The Certified Guaranty Company graded the copy 5.5 out of 10.

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