Monday, August 25, 2014

$3,207,852.00 Comic Book- Kryptonite to Your Budget?

What cost 10 cents in 1938 and cost $3.2 million in 2014?

Answer: Action Comic No 1, the comic that launched the superhero genre.

Photo Credit:Encyclop√¶dia 
Britannica ImageQuest
Action Comic No 1 was released June 1938 and it featured Superman, the superhero creation of Jerry Siegel and Joe Shuster. The near-perfect copy, sold on on August 24, 2014, is one of 50-100 copies assumed to be in existence and has the highest quality rating ever give to an AC No1 by the Certified Guaranty Company at a 9.0. 

This comic, considered to be the "Holy Grail" of comics, with its pristine white pages and its historical significance, was sold by Washington collector, Darren Adams. "If anyone has ever been curious what an 'Action Comics' 1 looked like the day it came off of the newsstand 76 years ago, this is the answer," he wrote. The comic holds significance as being the first time Superman was introduced to the public. Siegel and Shuster, two teenagers from Cleveland, sold the rights to Superman for $130. Seventy-six years and multi-billion dollar franchise later, Superman still has a strong hold in pop culture, being the subject of several movies and hundreds of comics after his initial appearance.

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