|[August 24, 2014]
The Original Superman Comic, Action Comics #1, Sells for a Record-Breaking $3.2M on eBay
SAN JOSE, Calif. --(Business Wire)--
Today, eBay (News - Alert) announced a copy of Action Comics #1, with white pages and a
grade of 9.0 from the Certified Guaranty Company (CGC), sold at auction
for $3.2M, making it the most expensive comic in the world. The previous
record for the most expensive comic book was set in 2011 when another
copy of Action Comics #1, also with a 9.0 grade, but off-white pages
sold for $2,161,000. The record-breaking comic was sold by prominent
collectibles dealer Darren Adams, owner of Pristine Comics in Federal
eBay Sells Original Superman Comic, Action Comics #1 (Photo: Business Wire)
Widely regarded as the "Holy Grail" of comic books, there are believed
to be as few as 50 unrestored original copies of Action Comics #1 still
in existence. The comic hit newsstands in 1938 for $.10 and marked
Superman's historic debut, giving birth to the multi-billion dollar
global franchise that thrives today.
"I'm proud to have owned the most valuable comic book in the world,"
said Darren Adams. "Working with eBay on this auction allowed me to
share this rare treasure with their global community and ensure the next
owner is just as passionate about its place in history."
"This was a record auction for eBay as it was the most expensive comc
book ever sold on our marketplace. The sale of Action Comics #1 is a
prime example of how eBay plays a role in popular culture by connecting
shoppers to must-have merchandise, including rare and valuable
collectibles," said Gene Cook, General Manager of Emerging Verticals for
eBay Marketplaces. "This was an extraordinary opportunity to bring a
comic - one that has captured the attention of passionate collectors and
casual fans alike. We will continue to bring more of the world's most
unique and compelling merchandise to our passionate and global community
of 149 million buyers, at a wide range of accessible price points."
"It's a historic moment that not only speaks to the greatness of Adams'
Action Comics #1, but also the overall health of the comic book market,"
said CGC Director of Operations, Harshen Patel. "You see it with
collectors enjoying record sales, with the performance of Guardians of
the Galaxy at the box office and with the attendance at Wizard World
Chicago Comic Con this past week. It's a dynamic time for the comic book
industry and its future is very bright."
A portion of the proceeds from the auction will be donated to the
Christopher & Dana Reeve Foundation.
About eBay Marketplaces
eBay (Nasdaq:EBAY) is one of the world's largest online marketplaces,
connecting people with the things they need and love virtually anytime,
anywhere. eBay has 149 million active buyers globally and more than 700
million live individual and merchant listings at any given time. With
mobile apps available in 190 countries, eBay delivers a personalized
shopping experience and seamless access to inventory from down the
street and around the world. Tailored shopping experiences customize
buying and selling; and eBay provides variety and choice for sellers by
enabling them to offer goods through online, mobile and local channels
to consumers around the world. For more information, visit www.ebay.com.
About Certified Guaranty Company (CGC)
Founded in 1999, Certified Guaranty Company is the hobby's most
preferred third-party grading service for collectible comics, magazines,
photos and lobby cards. CGC offers expert condition analysis, including
thorough restoration detection before grading and encapsulating
collectibles in state-of-the-art, archival-safe holders. CGC does not
buy or sell collectibles - it is committed to providing an independent
opinion that collectors and dealers can always trust, so they can buy
and sell with confidence.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140824005030/en/
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