Superman's 1st comic book sells for $1M

"...A rare copy of the first comic book featuring Supermansold Monday for $1 million, 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 and originally cost 10 cents.

The transaction was conducted by the auction siteComicConnect.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 at around 10:30 a.m. Eastern time (1530 GMT). 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.

"It's considered by most people as the most important book," saidJohn Dolmayan, a comic book enthusiast and dealer best known as the drummer for System of a Down. "It kind of ushered in the age of the super-heroes..."

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*The text and picture is this blog post do not belong to us. Jack Coyle Wrote this Article For Yahoo News.