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Rare Superman Comic Fetches $22M, Breaks Auction Records

A rare copy of the comic book that introduced Superman to the world has been sold for a record-breaking $15 million (approximately $22.4 million). This significant private sale of Action Comics No. 1 was announced on Friday, surpassing the previous record set last November when another comic, Superman No. 1, sold for $9.12 million.

The recent sale was facilitated by Metropolis Collectibles/Comic Connect, based in Manhattan. Both the owner and the buyer of the comic wished to remain anonymous. Originally published in 1938 for just 10 cents, this comic is credited with launching the superhero genre and features the iconic origin story of Superman, detailing his journey from a dying planet to Earth.

According to Vincent Zurzolo, president of Metropolis Collectibles/Comic Connect, only about 100 copies of Action Comics No. 1 are known to exist. He remarked, “This is among the Holy Grail of comic books. Without Superman and his popularity, there would be no Batman or other superhero comic book legends.” The sale demonstrates the enduring importance of this comic book within the comic community, as it not only broke previous records but also reaffirmed Superman’s status as a cultural icon.

The comic’s history adds to its allure. Nicolas Cage purchased the comic in 1996 for $150,000. It was stolen from his home in Los Angeles in 2000, only to be recovered in 2011 when a man discovered it among items in an old storage locker. Cage ultimately sold the comic at auction six months after its return for $2.2 million.

The theft significantly impacted the comic’s market value, according to Stephen Fishler, CEO of Metropolis Collectibles/Comic Connect. “During that 11-year period when it was missing, it skyrocketed in value,” he stated. Fishler drew a parallel to the theft of the Mona Lisa, which became a global icon after its recovery, emphasizing that Action Comics No. 1 has achieved a similar status in American pop culture.

This latest sale not only emphasizes the growing market for rare comic books but also highlights the unique stories behind them. With its rich history and cultural significance, Action Comics No. 1 continues to captivate collectors and fans alike, proving that even decades after its release, it remains a highly sought-after piece of entertainment history.

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