Monday, February 22, 2010

Action Comics #1 Sells For $1 Million

From Annalyn Censky at CNNMoney: It's a bird, it's a plane...it's a $1 million comic book

Since he started selling comic books at age 16, Vincent Zurzolo had only dreamt of selling a million-dollar comic book.

Monday was his lucky day. That was the day that Superman hit the jackpot.

"It is the single most important event in comic book history," said Zurzolo, who c0-owns auction site ComicConnect.com with founder Stephen Fishler.

The first comic book featuring the Man of Steel was a 1938 issue of Action Comics number one.

Most comic book or Super Hero fans would know the cover anywhere. It features Superman lifting a car on the cover and originally sold for 10 cents.

"When you look at what happened to real estate, the stock market and in banking, people are terrified. They're making no money in the banks, they're not sure about real estate, and the stock market is like playing roulette," Zurzolo said. "With comic books, they feel a lot more confident."

The copy is reportedly in better condition then its predecessor that sold for $317,000 last year.

"Now we've hit a point where you can lump us in with fine art," Zurzolo added.

Holy price tag!

For more comic book collectibles check us out.

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