When Detective Comics No. 27 (Batman’s first appearance) sold for
$1,075,500 at Heritage Auction Galleries in February, it trumped Metropolis
Collectibles’ sale of Action Comics
No. 1 (Superman’s first appearance), which had become the first comic to sell
for $1 million just a few days earlier. And then ComicConnect broke the record
again in late March by selling another copy of Action Comics No. 1 for $1.5 million. Both of the previous
record-breakers were CGC-certified 8.0 on the 10.0 Overstreet grading scale.
ComicConnect’s copy was a CGC-certified 8.5 copy. According to Jake Coyle at
Associated Press, only about 100 copies of Action
Comics No. 1 are believed to exist, and only a handful in good condition.
The issue just sold had been preserved through happy oversight: it had been
tucked inside an old movie magazine for years before being discovered.
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