Get all your Manchester Road Race stories and information here

Rare Superman comic book sold for nearly $1 million

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

DALLAS – A rare copy of a Superman comic book sold for nearly $1 million this week.

The 1938 comic book marks the first appearance of Superman, and is considered a gem among comic book fans, according to Heritage Auctions.

It was expected to sell for $750,000 but fetched $956,000 instead, setting a record for a copy of Action Comics #1, Heritage Auctions said.

About 100 copies of the comic book are believed to exist decades after production.

“Few copies of this comic survive, let alone come to auction with such a bright cover,” said Lon Allen, managing director of comics and comic art at Heritage Auctions

The comic book sold Thursday was part of a collection owned by a fan who bought it in the 1990s for $26,000, Dallas-based Heritage Auctions said.

When it first came out in 1938, Action Comics #1 cost 10 cents.