Rare Superman Comic Sells for $1 Million!

A rare 1938 Action Comics #1 in which the character Superman made his first appearance was actioned for $1 million on Monday 22nd February, 2010 in New York. The sale occurred between two unnamed collectors within a minute of being listed for sale.

Described as the single most important event in comic book history, the issue is one of only 100 copies believed to be in existence and one of only 2 in good condition. A similar copy which was in a not-so-good condition sold for over $300,000 about 3 years ago.

In recent months, investors have turned to art as investment options to ride through the recession.

In 1938, this issues of Action Comics #1 would have sold for about 10 cents, 15 years ago it sold for about $150,000 and this year it went for a whooping $1 million!