NEW YORK – A rare copy of the Action comic book that launched Superman as the first superhero is coming up for auction.
Comic book expert Stephen Fishler says bidding for the comic book begins at $1 and is sure to go up, up and away. It originally cost 10 cents in 1938.
He says copies of Action Comics No. 1 in "fine" condition are worth about $126,000, but this one could sell for several times that. About 100 copies of the No. 1 edition are known to exist.
The owner, who was not identified, bought the sale magazine for 35 cents in 1950 and held onto it for 58 years. It will be on auction for two weeks beginning TODAY!
(Ironically February 29th has often been pinned as Superman’s birthday due to the fact of the leap year. This accounts for his youthful appearance seeing that his birthday occurs only once every four years!)
Fishler and Vincent Zurzolo, co-owners of Metropolis Collectibles, will offer it on their Web site, http://www.comicconnect.com.
As I write this I have been getting reports that bidding has exceeded a quarter of a million dollars so far!!