Nic Cage Sells Comic for $2 Million

He’s made a lot of really poor movie choices (expect for ‘Raising Arizona’), but he made a quality investment in buying Action Comics #1 in 1997 for $150,000.

It is a true rarity as there are only five other copies of the comic known to be of near equal quality of Cage’s copy and maybe only 100 in total worldwide of any condition.  His copy was graded out at a 9.0, making it the highest quality version publicly graded first appearance of Superman.   There is thought to be a different copy, called the “Edgar Church Collection” copy, thought to maybe be an even higher quality issue, but it has never been publicly viewed.

Cage’s copy was actually stolen in 2000 from frames mounted on his wall along with other comics, Dective Comics #27 and Marvel Mystery #71, and in April of this year the Action Comic was found in a storage locker in Califorina from a man who’d bought out its contents (think, “Storage Wars”).  While the Action Comic was returned to Cage, the other two issues were not found.

On Wednesday, Cage’s copy of Action Comics #1 sold at auction for a record $2,161,000 and is the first comic to breach the two million dollar price point.

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