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At halfway point, bidding for ‘Action Comics’ #1 hits $1.95 million

action1Halfway through the 10-day eBay auction, bidding for the finest known copy of Action Comics #1 has surpassed $1.95 million dollars.

Owned by Darren Adams of Pristine Comics in Federal Way, Washington, it’s just one of two copies of Superman’s first appearance to receive a 9.0 rating from the Certified Guaranty Company. The other, previously owned by actor Nicolas Cage, sold at auction in 2011 for a record $2.16 million. The difference between the two is that the Cage issue had “cream to off-white pages,” while Adams’ copy is considered to be in pristine condition.

Bidding has slowed considerably as the price inches higher: The comic jumped from a starting price of 99 cents to more than $1.6 million in the auction’s first day. Still, already this morning the price has moved from $1.8 million to a little more than $1.95 million. It appears just nine people have participated in the auction, for a total of 27 bids.

The auction continues through Aug. 24, with a portion of the proceeds going to benefit the Christopher & Dana Reeve Foundation, dedicated to curing spinal cord injury. Adams, who acquired the comic several years ago, is only its fourth owner. He said he recently turned down an offer of $3 million, deciding instead to sell the book on eBay.

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‘Action Comics’ #1 rockets to $1.6 million in first day of bidding

action1

Just one day into the eBay auction, bidding has already surpassed $1.6 million for the finest known copy of 1938′s Action Comics #1, featuring the first appearance of Superman.

It’s just one of two copies to receive a 9.0 rating from the Certified Guaranty Company. The other, previously owned by actor Nicolas Cage, sold at auction in 2011 for a record $2.16 million. However, the Cage issue had “cream to off-white pages,” while this copy is considered to be in pristine edition.

An opening bid of $1 million was submitted Thursday within four minutes of the auction’s opening. Although the comic’s owner, retailer Darren Adams of Pristine Comics in Federal Way, Washington, had said more than 75 people had applied to bid in the restricted sale, it appears as if just five have participated so far.

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Auction starts today for finest known copy of ‘Action Comics’ #1

action1For serious collectors with seriously deep pockets, this is a momentous day: It’s the beginning of the 10-day eBay auction of the holy grail of comic books — the finest known copy of Action Comics #1.

“I’ve been in business 28 years and you chase a lot of leads hoping to find something like this,” retailer Darren Adams, who owns the CGC-graded 9.0 copy, tells Seattle’s KCPQ TV. “This is the needle in the haystack, because most books are not preserved with such quality.”

Owner of Pristine Comics in Federal Way, Washington, Adams acquired the comic several years ago in a private sale, and stored it in a temperature-controlled vault. He tells the Federal Way Mirror the original owner bought the comic (for 10 cents) from a newsstand in 1938, and then stored it in a cedar box for about four decades until a local dealer in West Virginia purchased it in an estate sale. The issue then passed to a third person, who held onto it for 30 years.

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Finest known copy of ‘Action Comics’ #1 to be sold on eBay

action1 Horning in on Batman Day, eBay has announced it will auction a CGC-graded 9.0 copy of Action Comics #1, the finest known copy of the 1938 first appearance of Superman.

Just one other copy of Action Comics #1, the one previously owned by actor Nicolas Cage, has received a 9.0 rating from the Certified Guaranty Company, but it had “cream to off-white pages,” while this comic is considered to be in pristine edition. The Cage issue sold at auction in 2011 for a record $2.16 million; the expectation is, of course, that this copy, owned by collectibles dealer Darren Adams, will fetch a considerably higher price.

“The quality and preservation of this Action #1 is astounding,” Paul Litch, CGC’s Primary Grader, said in a statement. “The book looks and feels like it just came off the newsstand. It is supple, the colors are deep and rich and the quality of the white pages is amazing for a comic that is 76 years old.”

The eBay auction will be held Aug. 10-24, with a portion of proceeds going to the Christopher & Dana Reeve Foundation, which is dedicated to curing spinal cord injury.

You can view the comic on the CGC Comics website.

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Stephanie Brown joins Batman in Smallville Season 11

When Batman won’t be alone when he debuts in August in DC Comics’ digital-first Smallville Season 11 — that much was clear from the cover art released earlier this week. But it turns out that’s not Robin but Nightwing warning the Caped Crusader of Superman’s The Blur’s arrival. What’s more, that’s not a young Dick Grayson under the mask, but rather Stephanie Brown.

“Bruce can be somewhat of an angry man,” writer Bryan Q. Miller explains to TV Guide. “Stephanie’s personality is so can-do and unsinkable and bright, so it’s very much on purpose on Bruce’s part that he has a good cop going out on patrol with him every night.”

The storyline, called appropriately enough “Detective,” will also explain why Stephanie is Nightwing and not Batgirl, the identity she assumed in the DC Universe from 2009 to 2011. Miller, a former staff writer and executive story editor on The CW’s Smallville, also wrote DC’s Batgirl during Stephanie’s time in the costume.

Batman and Nightwing will arrive online in Smallville Season 11 in August, and then in print in September. Miller is joined on the four-part arc by ChrisCross and Marc Deering.

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Vertigo ends Dominique Laveau: Voodoo Child with Issue 7

Dominique Laveau: Voodoo Child #7

Even as the ax falls on three more DC Universe titlesCaptain Atom, Resurrection Man and VoodooVertigo’s September solicitations reveal the DC Comics imprint is canceling Dominique Laveau: Voodoo Child with Issue 7.

Announced in October at New York Comic Con, the series by Selwyn Seyfu Hinds and Denys Cowan followed Dominique Laveau, heir to the voodoo queenship of New Orleans and the prime suspect in the murder of the previous 1ueen.

“I’d call it a dark fantasy that engages real world pathologies, crime being just one,” Hinds, former editor-in-chief of The Source magazine, told Comic Book Resources last fall. “I’m just as interested in the character, quirks and travails of the very real city of New Orleans and the people who call it, and have called it, home as I am in the supernatural elements that we’ve constructed in our story world.”

The title premiered in March with sales of only about 12,800 copies, a figure that fell to about 8,300 by the second issue — only slightly more than the recently canceled iZombie. The only Vertigo comics to appear lower than those two on April’s sales chart were the final issue of Northlanders and the 32nd issue of Sweet Tooth, which ends in December.

Comics A.M. | De Guzman leaves SLG, Powell joins Diamond

Jennifer de Guzman

Publishing | Jennifer de Guzman announced that, after 10 years, she has left her position as editor-in-chief of SLG Publishing: “My decade SLG was, I suspect, like no other decade anyone has spent working anywhere. I had great co-workers and got to work with fantastic creators, all of whom I will miss very much. (Though because this is comics and a community like no other, we will always stay in contact.)” [Possible Impossibilities]

Retailing | Chris Powell, current general manager and chief relationship officer for Texas-based comic chain Lone Star Comics, has accepted the newly created position of executive director of business development for Diamond Comic Distributors. The Comic Book Legal Defense Fund board member will start his new position in March. [ICv2]

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