A rare copy of the first comic book featuring Superman sold yesterday for $1 million (Rs 4.6 crore), smashing the previous record price for a comic book
A rare copy of the first comic book featuring Superman sold yesterday for 1 million dollars (Rs 4.6 crore), smashing the previous record price for a comic book
A 1938 edition of Action Comics No 1, widely considered the Holy Grail of comic books, was sold from a private seller to a private buyer, neither of whom released their names. 
The issue features Superman lifting a car on its cover (pictured) and originally cost 10 cents (Rs 4).
The transaction was conducted by the auction site ComicConnect.com. Stephen Fishler, co-owner of the site and its sister dealership, Metropolis Collectibles, orchestrated the sale.
Fishler said it transpired minutes after the issue was put on sale yesterday. He said that the seller was a "well- known individual" in New York with a pedigree collection, and that the buyer was a known customer who previously bought an Action Comics No 1 of lesser grade.
The previous comic book record was set last year when John Dolmayan, drummer for the rock band System of a Down, paid $317,000 (Rs 1.46u00a0 crore) for an Action Comics No 1 issue.
This copy fetched a much higher price because it's in better condition.u00a0 "The opportunity to buy an un-restored, high-grade Action One comes along once every two decades," Fishler said.
"It's certainly a milestone."
Given its condition and rarity, that such a comic book would sell for so much wasn't surprising to Fishler. But the sticker shock was nevertheless astounding.
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"It is still a little stunning to see 'a comic book' and '$1 million' in the same sentence," Fishler said. "There's only one time a collectible hits the $1 million threshold."
There are only about 100 copies of Action Comics No 1 believed to be in existence.
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