auto

And yet it happens to people all the time.

Nick Danger

All those people spending money faster than it's coming in, and only increasing their consumption if their income increases. It baffles me. If I were rich, I would like to be like the du Ponts, and nurture a family fortune for hundreds of years.

Bronkster

8 hours to go and it's up to $2,300,000. I wonder if there will be any last-second sniping.

Mike86

In some ways it would be cool to own this just to say you do, but even if I had a ton of money I don't think I'd spend that much on a single issue. I'd much rather save the cash or spend a fraction of that for other collectibles or whatever.

robin2099

If I had the money I would put in a bid for it. It's the most valuable comic in the world and is very rare. Though I would sure be paranoid about something happening to it.

kstublen

In the last minute or so it went from $2,600,100.00 to $2,700,100.00 and in the final 5 seconds someone bid $3,207,752.00 and was outbid in the final second by $3,207,852.00 for the final, winning bid.

Looks to be a new world record.

VHS?

I wonder if this went to someone who will display it or shove it in a safe.

kstublen

Back in 2010 or 2011 I think a similarly-graded copy of Action Comics #1 went for a little over $2.1 million. Crazy to think someone just paid over $3 million for a comic book that originally sold for around 10 cents.

movieguru

What would be the annual apr on this if one were to invest 10 cents in June 1938 on this book?

Sonic

Wow over 3 million. Holy shit that's a lot of money.

movieguru

Wonder if Todd mcfarlane bought it.

Xiroteus

Like those people that say winning the lottery ruined their life? I have no issue calling most of those people idiots! All some of them did was spend money, all about stuff. I want a few things yet for me it's all about money being a tool and allowing for the freedom of time and being stable. I like the idea of high quality items that last yet not blowing it on million dollar homes and cars.

Being a millionaire and then ending up with more debt then they had is insane.

I don't get it either. They could live off the interest alone!

You won five million dollars! Set for life! Easily, off the interest I imagine.

They could put it in a bullet proof, water proof clear case in a fire proof room!

PhantomStranger

Investing in Action Comics #1 is no gamble, it's a serious investment. Superman will still be around as a popular brand when our grandchildren are on Social Security and its value has steadily gone up in recent decades. It's no different than investing in art from name artists.

Xiroteus

The only thing that could cause a value drop would be if someone discovers a box of mint Action Comics 1's!

PhantomStranger

They might find a couple of more copies, but I highly doubt a stash of them will get discovered. Most of the hoarders from that era have passed away or nearing their end. The smarter ones have likely already sold off their personal copies.

Xiroteus

It would have to be hidden really well and most are not going to hide a comic no one thought of at the time. A couple more would be cool just to have more out there. A box would be quote a find yet at the same time knock down the price a lot.

I wonder how much fifty near mint, mint copies would go for.

Like I talked about before, the original artwork would be an amazing find. It was saved, hidden away to be found one day.

mrhan

Well, they would be stupid to tell anyone they found more than one. I would sell one once every few years to make sure the value stays up there.

PhantomStranger

Fifty mint copies would largely destroy it as an investment vehicle. Prices wouldn't go down that much but its future worth would be greatly diminished.

Xiroteus

I had the same thought, I would NEVER say, hey FIFTY COPIES! More like, ONE mint copy!

If they were all put on the market at once I wonder how much each would go for. It could be a rollercoaster for a little bit.

VHS?

That could happen. Look at the recent find of an old dealership full of cars.
Imagine if there were boxes of these things left over after a month and someone just tossed them into a shed of sorts.
Some people tend to take work home with them, literally. Who knows if some old guy has forgot he has a stash of old comics from when he worked at the printing facility.

stingermck

Metropolis Comics bought it. So now they have 2 of the best copies, and can pretty much control price.

kstublen

That's a shame. I was really just hoping it was an incredibly rich fan of Superman.

Quake1028

It's probably the 2nd best copy in existence. Honestly the 3.2 million is kind of soft for it.

Bronkster

Heritage Auctions just sold a copy of Action Comics #1 for Six Million!

I'm so envious.


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TheBang

That looks really nice. There are only 5 copies that have been graded higher than that: https://www.cgccomics.com/gallery-co...spx?comic=9950