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New comic book record - Superman No.1 sells for $9.12 Million
Posted on 11/25/25 at 4:04 pm
Posted on 11/25/25 at 4:04 pm
quote:
A copy of the first Superman issue, unearthed by three brothers cleaning out their late mother’s attic, netted $9.12 million this month at a Texas auction house which says it is the most expensive comic book ever sold.
The brothers discovered the comic book in a cardboard box beneath layers of brittle newspapers, dust and cobwebs in their deceased mother’s San Francisco home last year, alongside a handful of other rare comics that she and her sibling had collected on the cusp of World War II.
quote:
She had told her children she had a valuable comic book collection hidden away, but they had never seen it until they put her house up for sale and decided to comb through her belongings for heirlooms, said Lon Allen, vice president of comics at Heritage Auctions. The brothers uncovered the box of comics and sent a message to the auction company, leading Allen to fly out to San Francisco earlier this year to inspect their copy of “Superman No. 1" and show it to other experts for appraisal.
quote:
A small, in-house advertisement in the comic book helped experts identify it as originating from the first edition of 500,000 Superman No. 1 copies ever printed. Allen estimates there are fewer than 500 in existence today.
https://apnews.com/article/superman-comic-world-record-auction-eadabeaadbb12e114623756ef0757244
quote:
The previous record for the world’s most expensive comic book had been set last year, when an “Action Comics No. 1" — which first introduced Superman to the world as part of an anthology — sold for $6 million. In 2022, another Superman No. 1 sold for $5.3 million.
4
Posted on 11/25/25 at 4:07 pm to Shexter
Heavy price to pay for a hero that is not even 1/20th as cool and popular as Spider-Man.
Posted on 11/25/25 at 4:09 pm to Shexter
I was at a comic show once when an old lady was trying to sell a copy of Action Comics 1. She had a price guide, so she knew it was worth a lot.
The guy very patiently showed her the inside cover where it had a recent print date and told her it was a reprint.
The guy very patiently showed her the inside cover where it had a recent print date and told her it was a reprint.
Posted on 11/25/25 at 4:12 pm to Master of Sinanju
quote:
I was at a comic show once
You couldn’t torture these words out of me
Posted on 11/25/25 at 4:22 pm to Shexter
I kind of take offense at calling that the first Superman comic.
Posted on 11/25/25 at 4:28 pm to Shexter
So, what is the tax damage on this?
My most recent studying for REG would have me believe that the only taxable amount is the excess over whatever the comic book was worth on date of death.
Who determines this? I'm assuming the IRS? Or if the brothers could find something that states the FMV on date of death was approximately 9M, is this basically nontaxable income?
Maybe Mingo can say.
My most recent studying for REG would have me believe that the only taxable amount is the excess over whatever the comic book was worth on date of death.
Who determines this? I'm assuming the IRS? Or if the brothers could find something that states the FMV on date of death was approximately 9M, is this basically nontaxable income?
Maybe Mingo can say.
Posted on 11/25/25 at 4:29 pm to junkfunky
quote:
I kind of take offense at calling that the first Superman comic.
The famous 1952 Topps Mickey Mantle rookie card is not his real rookie card either. He had a Bowman card in 1951.
Posted on 11/25/25 at 4:31 pm to junkfunky
quote:
I kind of take offense at calling that the first Superman comic.
/https://tf-cmsv2-smithsonianmag-media.s3.amazonaws.com/filer_public/af/fc/affc7eb5-af9d-47a9-bfe0-d6432dc4d065/superman.jpg)
quote:
Action Comics #1 (cover dated June 1938) is the first issue of the original run of the comic book/magazine series Action Comics. It features the first appearance of several comic-book heroes—most notably the Jerry Siegel and Joe Shuster creation, Superman—and sold for 10 cents (equivalent to $2 in 2024). It is widely considered to be both the beginning of the superhero genre and the most valuable comic book in the world.
This post was edited on 11/25/25 at 4:33 pm
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