Up, up and away: Rare Superman comic for sale

NEW YORK (AP) -- 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.

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.