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Comic book fetches a record $1.5 million

NEW YORK (AP) -- The record price for a comic book, already broken twice this year, has been shattered again.

A copy of the 1938 edition of Action Comics No. 1 sold Monday for $1.5 million on the auction Web site The issue, which features Superman's debut and originally sold for 10 cents, is widely considered the Holy Grail of comic books. The same issue sold in February for $1 million, though that copy wasn't in as good condition as the issue that sold Monday. That number was bested just days later when a 1939 comic book featuring Batman's debut sold for $75,000 more at an auction in Dallas.

The issue that sold Monday was rated slightly higher than the one that sold in February; it had been tucked inside an old movie magazine for years before being discovered.


Washington portrait sells for $925,000

GENESEO (AP) -- A rare George Washington portrait that hung for years in a Geneseo home has been sold at auction for nearly $1 million.

Jeff Bridgman, an antiques dealer from York County, Pa., paid $925,000 for the Gilbert Stuart painting during Saturday's bidding here, 25 miles south of Rochester.

Prior to the sale, the auctioneer had estimated the painting would fetch between $200,000 and $300,000.

Owner Oliver Chanler said the painting hung in his parents' home for years before he discovered its worth when appraisers came to value his mother's estate 10 years ago.

Stuart painted dozens of portraits of Washington. His 1796 portrait of the nation's first president is the image of Washington that's used on the $1 bill.

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