Yup, I was watching that one, it went for $3,106. I also watched an All American #16 front cover only with a big chunk missing go for $2,766.
Per link below, 3/5 of the front cover of Action #1 went for $6,800 in 2009.
http://www.comicconnect.com/bookDetail.php?id=300107
Any theories on why someone would be willing to spend hundreds and thousands of dollars even on literally mere pieces of covers? Regardless of the rarity of the actual comic they came from I'm having a hard time seeing it.
-J.
most big books are out of price range for a lot of folks and having a framed original cover is not a bad option these days. Any piece of an action 1 is desirable. I'm sure a slabbed staple off an action 1 will come to market some day.