Action Comics #1 at $1.3M with 4 days to go

[Sowth]

The first $2M comic book (http://www.comicconnect.com/bookDetail.php?id=432101)? The mind boggles!

This one was apparently stolen 10 years ago, then turned up recently in the contents of an auctioned storage unit, if you believe the stories.

Fun to watch for us mortals anyway...

[clemso]

Will you look at that, it looks like it just came off the news stand.

[clemso]

The first $2M comic book (http://www.comicconnect.com/bookDetail.php?id=432101)? The mind boggles!

This one was apparently stolen 10 years ago, then turned up recently in the contents of an auctioned storage unit, if you believe the stories.

Fun to watch for us mortals anyway...

Apparently this copy was stolen from Nicholas Cage and may still belong to him.
http://joyhog.com/wp-content/uploads/2009/09/nic-cage-superman-burton.png

[NewForce]

the book belongs to the insurance company (it was formerly Nic. Cage's copy that was stolen some 10 years ago) and in an agreement with Stephen Fishler (owner of Metropolis comics), they have "employeed" Comic connect to auction it off...not sure how much longer I will be high bidder, as I expect book to go for 1.75Mil or more (I give up way short of that!)

I inspected the book in great detail in NY last month, and at 1.4mil I would be happy to own the book (I feel it is a 2 mil book in the not too distant future), but any more than that, and I am "out"

certainly will be fun to watch the results... that said, the book I am most interested in, is the cgc 5.5 Superman 1 seigel copy...

[clemso]

the book belongs to the insurance company (it was formerly Nic. Cage's copy that was stolen some 10 years ago) and in an agreement with Stephen Fishler (owner of Metropolis comics), they have "employeed" Comic connect to auction it off...not sure how much longer I will be high bidder, as I expect book to go for 1.75Mil or more (I give up way short of that!)

I inspected the book in great detail in NY last month, and at 1.4mil I would be happy to own the book (I feel it is a 2 mil book in the not too distant future), but any more than that, and I am "out"

certainly will be fun to watch the results... that said, the book I am most interested in, is the cgc 5.5 Superman 1 seigel copy...

$1.4 mill? How many carded GGs can you buy for that :yes:

[Hector]

$1.4 mill? How many carded GGs can you buy for that :yes:

I'd rather own that single copy of Action Comics #1 than multiple carded GGs of other comics.

It's like having that one masterpiece, Leonardo DaVinci's Mona Lisa...than a bunch of Andy Warhol's pop art stuff...lol.

[Hector]

the book belongs to the insurance company (it was formerly Nic. Cage's copy that was stolen some 10 years ago) and in an agreement with Stephen Fishler (owner of Metropolis comics), they have "employeed" Comic connect to auction it off...not sure how much longer I will be high bidder, as I expect book to go for 1.75Mil or more (I give up way short of that!)

I inspected the book in great detail in NY last month, and at 1.4mil I would be happy to own the book (I feel it is a 2 mil book in the not too distant future), but any more than that, and I am "out"

certainly will be fun to watch the results... that said, the book I am most interested in, is the cgc 5.5 Superman 1 seigel copy...

Man...you are a high roller...

:terror: :smiley13:

[NewForce]

Man...you are a high roller...

:terror: :smiley13:

This would purely be an investment purchase. I don't roll that high lol

[toys2cool]

the book belongs to the insurance company (it was formerly Nic. Cage's copy that was stolen some 10 years ago) and in an agreement with Stephen Fishler (owner of Metropolis comics), they have "employeed" Comic connect to auction it off...not sure how much longer I will be high bidder, as I expect book to go for 1.75Mil or more (I give up way short of that!)

I inspected the book in great detail in NY last month, and at 1.4mil I would be happy to own the book (I feel it is a 2 mil book in the not too distant future), but any more than that, and I am "out"

certainly will be fun to watch the results... that said, the book I am most interested in, is the cgc 5.5 Superman 1 seigel copy...

dam that's crazy :shocked2:

[NewForce]

$1.4 mill? How many carded GGs can you buy for that :yes:

Well since only a handful are known to exist... Not many hehe

[jimbutsu]

What do you suppose the dentist's copy would command if he ever sold it? Lot more than $2 million, if this one does what I think it will.

[NewForce]

What do you suppose the dentist's copy would command if he ever sold it? Lot more than $2 million, if this one does what I think it will.

my understanding is that he has recently turned down 5 million... more, imo, than it is worth

[The Megomaniac]

I first thought this was a regraded version of the 8.5 that sold a little while ago. But I compared the covers and they are in fact two different copies. Bidding is now over $1.55 million. Can't way to see where it ends...

[The Megomaniac]

my understanding is that he has recently turned down 5 million... more, imo, than it is worth

They say that his copy would grade about a 9.4. Is that the Mile High copy?

[NewForce]

They say that his copy would grade about a 9.4. Is that the Mile High copy?
likely a 9.2 (consensus between steve borock and steve fishler)...maybe a press away from a 9.4, but yes, that is the book

I was outbid last night, as I knew I would be...c'est la vie!

was never in question that this copy was a diff one than the kramer 8.5 copy :wink:

[Sowth]

Sorry you couldn't snag it Rick, and silly me for assuming there wasn't anyone here bidding on it :smile:

Finished at $2,161,000.

It is quite amazing how quickly this book broke the $2M barrier, considering it took 60 odd years to break $1M. With some perspective though we are talking about the best of the best here, there are a billion other books out there not worth a penny, I've found lots of those :smiley1:

[bondtoddbond]

http://www.hollywoodreporter.com/heat-vision/nicolas-cage-superman-comic-record-2-million-sale-267770
Here's an interesting article on the tale of the comic.

[Hector]

Wow...Cage bought it for "only" $150K back in 97...what an awesome investment and profit...

:yes: :biggrin:

[The Toyroom]

It is quite amazing how quickly this book broke the $2M barrier, considering it took 60 odd years to break $1M. With some perspective though we are talking about the best of the best here, there are a billion other books out there not worth a penny, I've found lots of those :smiley1:

When I first started actively "collecting" comics and reading the Overstreet Guide back in the late 70s "Action Comics" #1 wasn't even the top book...it was "Marvel Comics" #1 coming in at $10,000.

[Adam West]

http://movies.yahoo.com/news/action-comics-1-sells-2-16-million-auction-010326975.html

Also was reported by the Associated Press.