Up, up and away: Rare Superman comic for sale

Owner bought the book for 35 cents in 1950 and held onto it for 58 years

Action Comics #1 1938

Comic book expert Stephen Fishler says bidding for the comic book begins at $1 and is sure to go up, up and away. It originally cost 10 cents in 1938.

Slideshow

Foxx dressed as Harley Quinn from the animated movie Batman overlooks the pavilion in the Javits Convention Center during the New York Comic Con

New York Comic Con
Where “Star Wars” fans meet up with friends dressed up as characters from Japanese anime and everyone tries to find the perfect comic book.

more photos

Slideshow

A fan wears a Star Wars costume during the opening day of Star Wars Celebration IV in Los Angeles

Feel the force
Multiple Princess Leias, storm troopers and Jedi enjoy the 30th anniversary at “Star Wars Celebration IV.”

Slideshow

Who’s your Bat-fave?
Christian Bale is only the latest star to wear the cape and cowl of Gotham City’s Dark Knight. Choose your favorite and vote!

more photos

updated 10:48 a.m. ET Feb. 26, 2009

NEW YORK - A rare copy of the Action comic book that launched Superman as the first superhero is coming up for auction.

Comic book expert Stephen Fishler says bidding for the comic book begins at $1 and is sure to go up, up and away. It originally cost 10 cents in 1938.

He says copies of Action Comics No. 1 in "fine" condition are worth about $126,000, but this one could sell for several times that. About 100 copies of the No. 1 edition are known to exist.

Story continues below ↓

advertisement | your ad here

The owner, who was not identified, bought the sale magazine for 35 cents in 1950 and held onto it for 58 years. It will be on auction for two weeks beginning Friday.

Fishler and Vincent Zurzolo, co-owners of Metropolis Collectibles, will offer it on their Web site, http://www.comicconnect.com.