Mmehdy

Look at Superman #1...which has 4x the print run over 3 printings do we have 4x as many Superman #1's out there, I would say yes, I have seen owners with Multiple copies, as well as the famous convention table with 20 copies of Superman 1 many many years ago.

I never said the pages of that book were brittle...I will however challenge that the pages were the same quality that the previous record holder, as I talked to the dealer who found that book, Joe said the pages were pure white.

I agree it should not matter to the degree that it would cause the label to change, especially if replaced by "similar" staples from a other comic book from the time. But SFCduck, that is not the reality. This purchase, not matter how unwise it is, must judged by the rules which exist today. Under todays rules, even you would not purchase that book for 3.25 M given the conditions, we could buy some serious and great GA and not have worry about this issue, the damage caused by the rusty staple staying on the book for the last 75 years or so. But my point is why pay the world's highest price for a book with issues...whether you think they are going to be changed down the road.....and how about cleaning the rust from the pages, it that gonna get it conserved?..too many issues with too high of a price.....

This copy at least according to the label was not graded or judged "white pages" and that amazing movie made of the guy in the dark room showing what white pages really look like, helped contribute to the then world record price and it is quite an amazing video which i have seen a dozen times or so. If it does have white pages, wait to the staple bleeds and it is not gonna look pretty My opinion on the purchase price is that he/she overpaid. Not because of the time involved between sales, which was considerable. But that in my opinion, having rusty staples is MAJOR defect which can only be repaired by downgrading the book to either restored or conserved. I do not believe that anybody, including you would say 3.25 Million dollars is a reasonable, fair price for a conserved copy of Action 1. In reality that is what you really have. The two most important things for me after cover quality is paper and then staple. Bad pages which are gonna someday disintegrate or have a staple which is slowly going to do the same thing over time, decrease value and demand. At $3.25 M you should NOT be dealing with these issues. I understand your point about world record prices, I agree with you 100% speculators are coming in to invade our territory and upset what we have carefully built up in the last 50 years of comic book collecting...Bob Overstreet's genius was PRICE RESTRANIT... he was always be a little bit "behind" the market. BOB and with help of the CGC have grown our market in a safe and sane and stable manner. This purchase is way way out of actual true comic book collector value in my opinion, nor does this purchase help our GA comic book world in the long run.

Any Action #1 graded 3.0 Blue or higher with decent staples have hit the mother load, especially 5.0 or higher graded copies. I can see a 8.5 with Snow White pages and great staple quality hitting 3 M...that makes sense, this does not....

No, its very high. The page quality is inferior to the 3.2 M copy, the grade is lower, but the biggest factor is the staple quality...which is in a constant state of degeneration ...3.25 for a rusty staple book....this is a price record which will stand the test of time...ONLY a speculator who looks at this as a widget would pay that record price....

I have been there and done that many years before and I believe TODAY, this is a major milestone price breaker...a 8.5 has broken the world record price, broken 3 million... here what this means: 1-9.0 white pages 5M 2-9.0 the other one 4.5 M and possibly 5M The ceiling has been broken, the next ceiling is 5M or 6M and folks it is coming 5 years max. 3-It is official. the speculators are here... they are for real, and now the issue is for how long, and how will they exit...I can say one thing, they will not exit until they make a very good profit... 4-Any copy of A1, unrestored or coverless just went up in value...and look for those speculators to go after 3.5 and 5.0 copies they are not gonna rest just on this one. 5- I agree with Gator, there are a lot of ungraded copies out there, however the number in my opinion is smaller as there could be a number of regrades, just look at the top of the chain. In that regards, Mike Uslan went to DC archives who have the sales records and print runs of Action and Superman...here is the kicker that you need to know Action #1 print run 250,000 Superman #1 ( which came out a year later) 500,000 first print, which was a sell out 350,000 second print..which was a sell out, you tell the difference by a house ad advertising another GA book, one coming, the next on sale now etc 150,000 third print run...I do not know if that was a sell out Lets not forget, no matter what Action 1 is truly the "king of comics" 6- This could be just the beginning of the true comic book collector's getting outbid by investors who are gonna take the price up and away from us. My Advice: To any and all True GA/SA comic book collectors, you need move NOW on those keys if your collection needs one...try if possible Blue Label, good page quality and staple quality or you are gonna be left behind, consignlower grade material and get a cash advance and trade up, after Bat and Sup, Cap#1 is next

Add me to the list, what a great deal even back then...

According to him that was only part of the collection missing...highlights...I will keep a eye out for him.

Not for that type of collection. I can understand "bulk" comics by the box, but wow....

I think in terms of price...why the sudden rise to double...yes this is a hot market, but the upgraded number is significant in terms of it being one of highest if not highest graded copies which would make those price changes somewaht explainable.

I think Kirbys Sue Storm was not done justice by Joe....

SS#6 classic EC cover original art is in the next big HA Auction. It will be interesting to see if this breaks the previous record for a WW EC cover, I think the prior record was for the WS cover of the EC Library. Correct me if I am wrong, but also look for a price bump of the GA comic book itself, the art on the website looks incredible.

possibly as 9.6 to me it is a serious upgrade from 9.4

Yes I activity collect "Pin Up " art, Pulp Art, original comic art, American Illustration art, GA/SA comic books, pulp magazines and paperback books, 1930's mystical magazines, pulp digests etc. and have made two purchases in the last 30 days..that should answer your question.

The wood cover is classic, the highest price price recorded, it should really be in like the "Lucas" museum...amazing piece

Solid grade, great book

The three major things I look for is front and back cover condition, page quality and staple condition. It is #2 for me, page quality made a 1 million dollar difference on the highest price Action 1 sale. White pages to me are a super bonus even if a 5.0

FF1 here no question.

Restrict buying to cgc unrestored books with good paper and staple quality which will always retain value or ungraded books $100 and under.

great find, thank you

Higher grade and white pages will do it every time, great cover. the auction total at 15.6 M is probably a record, there is one last auction set to go to get the final total

I think so for now, if as above it is a real 9.6 with that white cover.....

amazing, and I bought it on the newsstand for 12cents...man those were the days

Not the one in the picture, if you had a previous thead here on the forms on "Journey of a comic book collector" posts on the boards for a more detailed one, other A-1's were acquired after that purchase which were superior in condition to that copy. That copy was resold back to Bruce Hamiltion for $2500 who then sold it for a profit. I might of sold two copies to Bruce, the other one to bruce being a vg copy, if FYI that cost me 1k at the time after the $1800. I cannot recall what he paid me for that one.