First Superman $3.2 Million Comic Book Back Home in New York

News provided by

www.ComicConnect.com

Sep 24, 2014, 12:44 ET

NEW YORK, Sept. 24, 2014 /PRNewswire/ -- Imagine: an old comic book that originally sold for a mere 10 cents on newsstands was purchased for $3.2 million dollars in a heart-pounding eBay auction. The pristine Action #1, which marks Superman's first appearance, was purchased by New Yorkers Stephen Fishler and Vincent Zurzolo, co-owners of www.ComicConnect.com, the industry's leading online auction house and Metropolis, the world's largest vintage comic book dealer. New York is the mecca of comic books and the home of DC Comics in the 30s. It is fitting the comic is now back in the Big Apple!

Action #1 is the most highly-valued comic book in the world, with only 100 copies in existence. This particular book is the highest rated of all, with a 9.0 grading and incredibly rare white pages.

The sale surpasses the previous record of nearly $2.2 million, set by ComicConnect in 2011, when it auctioned the $9.0 Action #1 owned by actor Nicholas Cage.

"Action #1 is the Holy Grail of comic books," says Stephen Fishler, co-owner of ComicConnect and its sister dealership, Metropolis Collectibles in New York. Fishler created the 10-point grading scale that has become the industry standard.

"It not only introduced Superman, but pioneered the superhero genre. There would be no Batman, no Spider-Man, no blockbuster movies, without it. Owning one is every collector's dream."

Most original Golden Age comic books (1935-1955) ended up in landfills decades ago. Survivors are rarities. Survivors in great condition are rarer yet. This particular Action #1 was stored under ideal conditions: in a cedar chest in the hill of West Virginia…cool, dry, left undisturbed.

Comic book values have skyrocketed over the last few years. ComicConnect already holds four Guinness World Records for the most expensive comics and related collectibles ever sold.

"The recent recession boosted comic book values," says Vincent Zurzolo, co-owner ComicConnect and a passionate advocate of collectibles as investments. "When people lose faith in the real estate, banks and stock markets, they turn to tangible assets."

And of course, it's way more fun.

SOURCE www.ComicConnect.com