The difficulty of “Action Comics #1,” which offered for 10 cents when it was initially launched in 1938, was auctioned Tuesday for $3.25 million in response to a press launch from on-line public sale home ComicConnect.com.
This specific copy was “buried in a stack of old 1930s movie magazines” and was in mint situation. It has been offered at the least 3 times earlier than, together with most not too long ago in 2018 for greater than $2 million, the dealer mentioned.
As for the copy offered this week, the vendor made a $1 million revenue after proudly owning it for simply three years. The title of the brand new purchaser wasn’t disclosed, however the launch mentioned the brand new proprietor is “relatively new to comic investing.”
“This is an 83-year-old comic book in near-pristine condition—and it’s a sight to behold,” mentioned Vincent Zurzolo, coowner of ComicConnect, within the launch. “Not to mention, this book launched the superhero genre that’s such a huge part of our culture.”
Collectibles, comparable to comic books and buying and selling playing cards, are more and more rising in worth for traders.
“With all collectibles on the rise, plus crypto currencies and NFTs minting new millionaires almost daily, we expect to see comic prices increase as they look for new places to park their money,” mentioned Zurzolo.