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Comics A.M. | Archie #1 sets auction record; more bookstore layoffs

Archie Comics #1

Comics | A copy of Archie Comics #1, published in winter 1942, sold at auction last week for $167,300, setting a world record for an Archie title and a non-superhero comic. “Archie may have a ways to go to catch the likes of Superman and Batman, his Golden Age counterparts,” said Lon Allen, managing director of comics for Heritage Auctions, “but you can bet that collectors sat up and took notice when this comic brought that price. This amount exceeds the priciest of Spidey and Hulk comic books we’ve sold, which brought in excess of $125,000 each.” [Luxist]

Retailing | REDgroup Retail, which owns the Australian booksellers Borders and Angus & Robertson, has laid off 321 employees at the two chains following the closing of 38 stores. The company entered into administration last month. [ABC News]

Retailing | Borders Group has asked a bankruptcy judge for more time to decide whether to assume or reject its 681 leases, including those for 674 stores. If granted, the extension would give the company until Jan. 12, 2012, to deal with its leases. [Detroit Free Press]

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