Exclusive Comic Introducing Superman Reaches $ 3.25 Million

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(CNN Business) -

An "extremely rare" copy of the comic that first introduced Superman reached a record price at auction. Action Comics # 1, which sold for 10 cents in 1938, was auctioned Tuesday for $ 3.25 million, according to a press release from online auction house ComicConnect.com.

This copy of the comic was "buried in a pile of old movie magazines from the 1930s" and was in perfect condition.

It has been sold at least three times before, including the most recent in 2018 for more than $ 2 million, the broker said.

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Other issues of Action Comics # 1 have sold for historic prices.

In 2014, a copy sold for $ 3.2 million on eBay.

As for the copy sold this week, the seller made a profit of $ 1 million after owning it for just three years.

The name of the new buyer was not disclosed, but the statement said the new owner is "relatively new to investing in comics."

Vincent Zurzolo, co-owner of ComicConnect, holds up the comic that marks Superman's first appearance.

This week it was sold for a historic price that broke the record of US $ 3.25 million.

"This is an 83-year-old comic in almost pristine condition, and it is something to behold," Vincent Zurzolo, co-owner of ComicConnect, said in the statement.

"Not to mention that this book launched the superhero genre, which is such an important part of our culture."

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Collectibles, such as comics and stickers, are becoming more and more valuable to investors.

"With all collectibles on the rise, plus cryptocurrencies and NFTs minting new millionaires almost daily, we expect comic book prices to rise as they look for new places to put their money," said Zurzolo.

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