October 11, 2011: Nicolas Cage Copy of "Action Comics #1" at Auction

Action Comics #1 (1938) BleedingCool.com reports that a very high grade copy of the 1938 "Action Comics #1" owned by Nicolas Cage is set to be sold at auction by Comic Connect, and could fetch US$2,000,000.

    There has long been quite a mystique built up around high grade copies of Action Comics #1 - and for reasons beyond the simple fact that they are among the most valuable comics on the planet. This Cage copy has been missing for a decade. The infamous Edgar Church copy, part of a treasure trove of high grade comics purchased in 1977 by Mile High Comics owner Chuck Rozanski, has been sitting ungraded and virtually unseen in the hands of a private collector for decades. No decent scan or photo of the Church copy - widely considered the most valuable comic in existence - has ever been made public on the internet, though the few knowledgeable individuals who have seen it claim it is undoubtedly the best copy known to exist.

    But the 9.0 designation would make the Cage copy the highest-condition copy certified by CGC. Last year, Comic Connect sold an Action Comics #1 CGC 8.5 for $1.5 million. The comic, featuring the first appearance of Superman by Jerry Siegel and Joe Shuster, and published by DC Comics, is widely considered the most important American comic book ever released.

Read the complete report at BleedingCool.com.



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