A bid at 4:50 PM PDT on Friday, Aug. 22, brought the comic to $2,100,000, a mere $60,000 short of record set by ComicConnect with their CGC-certified 9.0 copy of Action Comics #1 ($2.16 million). Then at 5:35 p.m. Pacific time, the comic hit $2,193,819.38.
The last two minutes of the auction began with the price sitting at $2.6 million, but by the time the bidding ended on Sunday at 6 p.m. Pacific, the newly established record was $3,207,852.
This copy of Action Comics #1 was distinguished from the only other 9.0 copy certified to date by the whiteness of its pages. The Nicholas Cage copy, the other 9.0, was listed with “cream to off-white pages.” Allowing that not all copies have been certified thus far – including the Mile High pedigree copy – this has been touted as the finest copy known.
Sold by Darren Adams’ Washington state-based Pristine Comics, this issue is the sixth comic book to sell for $1 million or more, following three other copies of Action Comics #1, a single copy of Detective Comics #27, the first appearance of Batman) and a single copy of Amazing Fantasy #15, the first appearance of Spider-Man.
“Considering the level of commitment required of the potential purchasers for this issue, we can definitely say the bidding was spirited. There were 48 bids, ending in a new world record. The $3 million has arrived,” said Robert M. Overstreet, author and publisher of The Overstreet Comic Book Price Guide.
“We have been numerous six-figure comics for more than a decade, and while the group is still small, the idea of seven-figure comic books is no longer anything new. The market has recognized with Action Comics #1 that there just aren’t that many copies in any condition of the first appearance of one of the most recognized characters in the world,” he said.
Adams announced the copy’s grade and his decision to sell in on eBay on July 23, 2014, with his company’s ad in The Overstreet Comic Book Price Guide #44 on the day of its release.
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Our thanks to J.C. Vaughn and Scoop for sharing this report.
From Scoop. ©2014 Gemstone Publishing. Used by Permission. All rights reserved.
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