Superman comic book from 1938 that cost 10 cents sells for record-breaking $3.25 million

first ’rare’ DC comic released in 1938 that introduced Superman to world for first time has sold for a record-setting price. Action Comics #1 was sold for $US3.25 million ($4.25 million) in a private sale on online auction company ComicConnect.com. highest bidding broke record set previously when a separate such copy was sold for $3.2 million on eBay in 2014. “Values of collectibles, especially vintage comics, are climbing as investors stream into market from around world with auction prices and private sales consistently setting new records,” marketplace said in a statement. It ded, “ biggest record of m all was just shattered. A high-gre copy of Action Comics #1, comic that introduced Superman, sold for a world record-breaking $3,250,000 to a private collector.” 

[Image Credit: ComicConnect]

According to online auction firm, first-ever Superman comic that gave recognition to superhero in public has fetched one of highest value transactions as it cracked million-dollar threshold. With Superman comic sale at a whopping price, auction house achieved new landmarks. “With eight comic sales weighing in at $1,000,000 or more, auction house is eagerly awaiting arrival of ir sixth Guinness Book Certificate of World Record,” it said. Vincent Zurzolo, COO, and co-founder of New York City-based auction house were seen posing for camera with comic that only has an estimated 100 copies in total.  comic told story of how Superman originated from anor planet Clark Kent. 

“In my 35 years as a dealer, I’ve never seen vintage comics market  stronger, and I knew this Action #1 sale was always a matter of when not if,” Vincent Zurzolo, COO, and co-founder of New York City-based auction house said in auction house’s statement.  “If you have a collection, I’d like to hear from you. My team is accepting consignments in every collectible category through April 22 for our next big auction,” he ded. 

Comic a 'world-class piece', says CEO

comic, that depicts Man of Steel’s origin story, was hidden away in stacks of old 1930’s movie magazines. memorabilia became a world-class piece with several years gone by and seller realized that it could fetch somewhere close to $1,000,000 in profit. “With collectible values trending upwards and cryptocurrencies minting new millionaires daily, I fully expect and plan on comic prices to continue to rise,” CEO of auction center, Zurzolo said. He ded, “I believe that comics remain most compelling investment with values that are immature in comparison to or categories.” CEO said that comic surpassed 2009 Mike Trout rookie baseball card that recently sold for $3.93 million.