This copy of Action Comics #1 in 9.0 condition up for auction on eBay is currently at $1,950 million, indicating it will be the most expensive comic ever sold when the hammer comes down on Aug. 24. The current record for a comic book selling at auction is $2.16 million.
With five days left on the eBay auction selling one of the best-preserved examples of Action Comics #1—the first appearance of Superman—the odds of this becoming the most expensive comic ever are pretty good, as the current bidding has risen to $1.95 million.*
There have been 27 bids for the comic, which has earned a 9.0 grade through comic grading service CGC. There are only 100 surviving copies of Action Comics #1, which was published in June of 1938, and there are only two with a 9.0 grade. The other one sold for the current record of $2.16 million in November of 2011. It was owned by actor Nicholas Cage and the quality and whiteness of the paper of that issue is considered inferior to the one on the block now, despite the identical 9.0 grades.
Until now, the increases in bidding have been in nice, round numbers. Ten people have made bids on the comic, which opened, if you can believe it, at 99 cents. The first bid was an even million, and the offers have gone up mostly in increments of $50,000 and $100,000. The current leader broke president by upping the bid by a mere $100, bringing the price to beat to $1,950,100.
Because this auction is being conducted on eBay, under standard eBay rules, comics fans are watching the bidding closely and wondering just what kind of sniping will happen during the final minute of the auction. There is one caveat, though: this sale is only accepting bids from pre-approved buyers, so troublemakers can’t come in and bid $10 million and simply walk away after the auction and complete the sale.
To learn more about the history of this particular issue, read Worthologist Matt Baum’s preview article, “Look, up on eBay! It’s a Bird. It’s a Plane. It’s Superman! (Action Comics #1).”
* This was the bid as of Tuesday, Aug. 19, 2014.
Gregory Watkins is the editor of WorthPoint.com You can email him at firstname.lastname@example.org
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