The transaction was conducted through the auction site ComicConnect.com. Stephen Fishler, the co-owner of the site and its sister dealership, Metropolis Collectibles, orchestrated the sale.
Fishler said the seller was a "well-known individual" in New York with a pedigree collection and the buyer had previously bought an Action Comics No1 of lesser importance.
"It [Action Comics No1] is considered by most people as the most important book," said John Dolmayan, the comic book enthusiast and dealer best known as the drummer in the rock band System of a Down. "It kind of ushered in the age of the superheroes."
Link via Comics Alliance | Image: Comics Alliance
(edit by Alex) Previously on Neatorama: World's Most Valuable Comic Books