Opening Bid :
Current Bid:
Reserve Amount:

Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %s.

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %s has been outbid.

Your secret maximum bid of %s does not meet the reserve.

You have been outbid on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Category: All Auction Archive Items > Golden Age (1938-1955) > Superhero

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Lot: 41003
Auction: 827   		Action Comics #7 (DC, 1938) CGC VF 8.0 Off-white to white pages....
  • Track this lot. You are tracking this item ... updating ... (stop tracking)
 
 
 

BP - Buyer's Premium

A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.

Opening Bid

The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.

Bid Information

For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.

Minimum Bid

Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the current bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a cut bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment. However, for Internet bids, these increments only apply to the current bid. Internet bids greater than one increment over the current bid can be any whole dollar amount. It is possible under several circumstances for winning bids to be between increments, sometimes only $1 above the previous increment.

Number of Bidders

This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.

Status

Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.

What's This?

Our Auction Results Archives are not only the best resource for market research, but now you have the opportunity to acquire very rare items that may not be auctioned again for some time by making an anonymous offer that will make the owner sell. Items labeled "Buy Now" indicate that the owner has set a price that would make them sell.

Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell. This service is free to the buyer, protects the identity of both parties, and allows offers and counter-offers. You will receive a response within 72 hours.


View Larger Image

Sold for: Sign-in or Join (free & quick)
Ended: Feb 27, 2008
  Printable Version of Prices Realized for this Auction
 
Buyer's Premium: 19.5% of the successful bid (minimum $9.00 per lot)
Description
Action Comics #7 (DC, 1938) CGC VF 8.0 Off-white to white pages. Superman appeared on a comic book cover for just the second time here. That's what puts this issue among the 25 most valuable comics! And we're privileged to offer nothing less than the finest CGC-certified copy. A look at CGC's census as of this writing shows a runner-up at FN/VF 7.0 and no other unrestored copy graded higher than VG+ 4.5. This Very Fine copy has impressive page quality too, as surviving copies of the earliest Actions often have cream, tan, or brittle pages. A word on the early covers: #2-6, which had Superman stories inside, had adventure-themed covers that didn't tie into any interior feature. After #1 and #7, Superman's next cover appearance was #10, and while every issue from #12 onward at least showed the costumed hero in a small vignette, he did not become the full-fledged permanent cover feature until #19. Oft-repeated comic book lore has DC's management puzzled at the unexpectedly strong sales of Action (an anthology series with many different characters sharing its 64 pages) and actually surveying newsdealers only to find out that kids were not asking for Action Comics but simply requesting the comic with Superman. While it's not clear whether DC discovered this before or after #7 came out, the striking cover image leaves little doubt that this one sold out in a hurry. The cover art is by the character's creator Joe Shuster, and it's worth noting that Superman's "S" has changed since issue #1 (the version seen here is closer to the final look of the symbol) and our hero is wearing his familiar boots here, not the ankle-high shoes he sported on #1. Also, #7 is the first comic book cover ever to show the word "Superman!" Other distinctions: it's the second superhero cover of any comic (at best, the Crimson Avenger's cover on Detective Comics #22, also December 1938, ties it for the honor), and this is also the first cover to show Superman as we know him best today: airborne. We would say "flying," but in these early stories his power was simply to take gigantic leaps! And what an influential scene it was: think of how many times the image of a superhero soaring across a cityscape with a helpless crook was used when publishers needed a high-impact scene: you need only look at Detective #27, or for that matter Amazing Fantasy #15. As to what this superb Action #7 might bring at auction: we recall a CGC VG 4.0 copy of this key issue changing hands for $15,201 a couple of years ago (more than double the 2007 Overstreet value for that grade) so it will be interesting indeed to see the final price for this far superior copy, one of the undisputed highlights of our sale. Overstreet 2007 VF 8.0 value = $23,381. CGC census 1/08: 1 in 8.0, none higher. Estimate: $50,000 - up.
Auction Name: 2008 February Vintage Comics & Comic Art Signature Auction #827
Description: Heritage Signature Auctions are among the biggest events in the comic book hobby, with $1million to $5million of vintage comic books and original comic art. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature !! Heritage Live:
After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

Signature Floor Sessions
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 12 Internet/mail bidders, 6,948 page views


Price Guide Report*
Grade 2.0 4.0 6.0 8.0 9.0 9.2
2009
Overstreet Price		 $4,235.00 $8,470.00 $12,705.00 $31,339.00 $51,670.00 $72,000.00
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.


CGC Census Report*   Latest Update: 6/2009 View Universal CGC Census for entire title
Grade
0.5 1.0 1.5 1.8 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.2 9.4 9.6 9.8 9.9 10.0
0 0 0 0 2 0 0 1 2 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0
0 0 0 1 0 1 0 0 0 1 2 1 0 0 0 2 1 0 0 0 0 0 0 0 0
0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 1 1 2 1 0 1 2 2 3 1 0 0 1 2 2 0 0 0 0 0 0 0 0
Universal
Restored
Qualified
Signature Series
Total
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.


Universal

This label is applied to comic books that are simply the grade as marked, with no qualifiers or special considerations.

Restored

This label is applied to any comic book that has evidence of repair so that it will appear as it did when it was in its original condition. Restoration can come in a variety of degrees, from slight professional restoration (SP) to extensive amateur restoration (EA).

Qualified

A Qualified label is used by CGC for certified books that have a significant defect that needs specific description. For example, it would be a disservice to the seller and buyer to call a VF/NM book with a 4-inch back cover tear a VG, so CGC will give this book a Qualified grade of "VF/NM 9.0, back cover 4-inch tear."

Signature Series

This label is applied to comic books that have been signed by someone of significance to the comic, under the direct observation of a CGC employee, and are thus certified as an authentic signature by CGC.
Find Auction Prices for Comparable Items
Previous Prices from Heritage Auctions for this item for this grade

No previous prices realized recorded for this item.

View prices realized that match this item in other grades.
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Heritage Auction Archives

Prices realized from past auction lots.
Great valuation tool!

Overstreet Comic Book Price Guide

Download the 2008-2009 Overtreet Comic Book Price Guide, 38th Edition.

Photographs


Sign-in or Join (free & quick) to see the full image

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Go to Top


Please Wait

Loading.......

Heritage delivers Value - $694,500,693 sold at auction and in private treaty sales over the past 12 months.

Our 80,950 Comic bidder-members and 480,027 Heritage bidder-members overall (from 164 countries) enjoy all these free benefits:

  1. Bid on-line
  2. Free Collector newsletter
  3. Want List with instant e-mail notifications
  4. Auction Archives (prices, photos, full descriptions, etc.)
  5. Hall of Fame
  6. Reduced auction
    commissions when
    you resell your
    winnings 

Members Sign In

Free Newsletter and Announcements!

Quality Consignments Wanted

Consign to the 2010 February Signature Comics & Comic Art Auction.

We expect to have one of our Consignment Directors visiting your area soon. Please call to arrange an appointment.

E-mail Lon Allen or call
1-800-872-6467 x1261

Video Video: Why Consign?

View traffic of HA.com vs. other auctions on Compete.com

In The News

sss
Cross Promotion

Don't miss out!
Get e-mail notifications in all of your areas of interest.