On Thursday, August 4, 2016, a copy of 
Action Comics #1 with the first appearance of Superman quickly flew past the $750,000  estimate to sell for close to $1 million at Heritage Auctions. As part  of their 
Comics & Comic Art Signature Auction, Heritage sold the 1938 comic, graded 5.5 by CGC, for $956,000. It set a new record for sale of 
Action Comics #1 at Heritage.
 “As the bidding went higher and higher we were grateful bidders  recognized this copy as the gem it truly is,” said Lon Allen, Managing  Director of Comics & Comic Art at Heritage. “Few copies of this  comic survive, let alone come to auction with such a bright cover. It  displays beautifully.” 
Action Comics #1 was originally sold on comic racks for just 10¢ in June 1938. There are only about 100 copies currently known to exist.
 The copy that sold on Thursday was part of a collection that was  purchased from a dealer in the 1990s for $26,000. Allen also stated that  the copy likely drew intense bidding because it is very attractive for  the grade.