A ComicConnect auction for an Action Comics #1 CGC 8.5 has closed at over $2 million, after a last-minute website glitch froze out last minute bids, requiring the bidding be re-opened the next day for a fairer conclusion.
The final price was $2,052,000, with a total 73 bids being logged, with the auction closing at 7:00 PM EDT Tuesday June 12. The history of this particular copy is worthy of its own novelization. The copy was found in 1986, in Pittsburg Pennsylvania, by a buyer who won a lot of old hardcover books at an auction. The Action Comics #1 was found hidden in the page of one of those hardcovers the next day. The owner decided to take the comic to a NYC comic book convention two weeks later to assess the value and his options for selling it. According to the auction write up “What followed was a 48-hour feeding frenzy unmatched in the annals of comic book fandom. Safe to say, if murder were legal at that time, certain comic dealers would have not walked out of that show alive. Due to the simple fact that a number of the individuals who played a role in this episode are still very much alive, we will not expound on the gritty details. But those same gritty details, including a near fist fight, was the start of a story that ends with the Action 1 offered here. The very same Action 1.”
Two Action Comics #1 9.0 CGC copies have topped today’s auction total, one in 2014 for $3,207, 852 (see “The First $3 Million Dollar Comic!”) and the famous Nicholas Cage copy that was sold in 2011 for $2,161, 000 (see “'Action Comics' #1 Brings $2.16M”). Today’s sale is only the third sale to top $2 M for an individual comic book. Both 9.0 copies of Action Comics #1 were sold on ComicConnect, which also holds the current Guinness World Record for the most expensive comic book ever purchased (the above mentioned Action Comics #1 9.0 for $3.2 Million.) The company also hold several other Guinness World Records related to comic merchandise sales.

Plus An Individual History Worthy of a Pulp Novel
Posted by Nicole Bunge on June 14, 2018 @ 1:06 pm CT

MORE COMICS
Will Include Backlist and New Chapters; Other Details Vague
March 21, 2023
While the digital service will give users a first look at the latest chapters of many series, the publisher provided little other information about how it would work.
After 22 Years at DC, Plus Stints at TCJ, Insight Editions
March 21, 2023
Nybakken was at DC for 22 years and also was managing editor of The Comics Journal and Senior Editor at Insight Editions.
MORE NEWS
'The Missing Expedition'
March 21, 2023
Czech Edition Games announced The Missing Expedition , a Lost Ruins of Arnak expansion, for release into retail.
With 'Jim Henson's Fraggle Rock: Card Game'
March 21, 2023
River Horse will release Jim Henson's Fraggle Rock: Card Game into retail.