Superman Debut Comic Book Sells for $1M

A rare copy of the first comic book featuring Superman has sold for $1 million, smashing a record set just last year.

The issue sold Monday morning is a 1938 edition of Action Comics No. 1, widely considered the Holy Grail of comic books.

It features Superman lifting a car on its cover and originally cost 10 cents.

It was sold by a private seller to a private buyer, neither of whom released their names.

The sale was conducted by the auction site ComicConnect.com.

The previous comic book record was set last year when $317,000 was paid for the same Action Comics No. 1 issue.

This copy fetched a much higher price because it's in better condition.
By AP Entertainment Writer Jake Coyle