NEW YORK (AP) — A 1938 copy of the comic that first “introduced Superman to the world” has sold for a record-setting $6 million, the auctioneer that handled the purchase said last week.
According to Heritage Auctions, the rare copy of Action Comics No. 1 was sold to an anonymous buyer on Thursday. The $6 million price tag makes the book the most expensive comic to ever sell at auction, the action house added.
Heritage Auctions hails Action Comics No. 1 as “the most important comic ever published” — noting that the Superman who first appeared in the 1938 spring issue “remains remarkably like" the version still seen in comic strips and on the big screen today. In addition to the Man of Steel's first appearance, the book also introduced central love interest Lois Lane.
A report from comic book grading service Certified Guaranty Company, cited by Heritage Auctions, estimates that there are only 100 surviving copies of Action Comics No. 1 today — out of 200,000 that were printed by National Allied Publications, the predecessor to DC Comics.
The copy sold last week, which comes from the Kansas City Pedigree, has a “Very Fine+” CGC rating of 8.5 — with only two other unrestored issues of grading higher, Heritage Auctions noted.
Although not as high as $6 million, other rare copies of Action Comics No. 1 have also gone for millions at auction in recent years, including a 6.0-rated issue that sold for $3.56 million through ComicConnect last year.
Thursday's record sale surpasses the previous titleholder of the most expensive comic book to ever be sold — which was a copy of another Superman-starring comic, Superman No. 1, that sold privately for $5.3 million in 2022, according to CGC.
The Action Comics No. 1 sale was part of a four-day comic auction event that featured several big-name superheroes and rare comics featuring them. The event realized more than $28 million by its end on Sunday, according to Heritage Auctions.
This photo provided by Heritage Auctions shows a copy of Action Comics No. 1, the comic book that introduced Superman to the world in 1938, which sold for $6 million on Thursday, April 4, 2024. (Heritage Auctions via AP)
PANAMA CITY (AP) — José Raúl Mulino, the stand-in for former President Ricardo Martinelli in Panama's presidential election, was set to become the new leader of the Central American nation as authorities unofficially calling the race Sunday night with 88% of the vote counted.
The 64-year-old former security minister led the race with nearly 35% of the votes, giving him a nine-point lead over the other candidates, who conceded a few hours after the polls closed. Panama doesn't have a runoff system, so the candidate with the biggest share of votes wins.
Mulino replaced Martinelli as candidate after the firebrand former leader was banned from running after being sentenced to 10 years in prison for money laundering.
Mulino, a less charismatic politician, coasted on Martinelli’s popularity and the booming economy seen under the former leader as Martinelli campaigned while staying in the Nicaraguan Embassy, where he has sought asylum.
Now, following one of the most tumultuous elections in Panama’s recent history, Mulino is about to become the new leader of a country with pressing challenges and simmering discontent among many.
The president will grapple with a slowed economy, historic levels of migration, a drought that is handicapping transit in the Panama Canal and the economic aftermath of mass anti-mining protests last year.
“It’s a very bizarre situation, unprecedented. I haven’t seen anything quite like this, not only in Panama but any other Latin American country that I could think of,” said Michael Shifter, a senior fellow at the Inter-American Dialogue. “Panama is in for a tumultuous period.”
Mulino, running under the Achieving Goals and Alliance parties, faced off against anti-corruption candidate Ricardo Lombana, who trailed in second, former President Martín Torrijos and former candidate Rómulo Roux.
All three conceded to Mulino on Sunday evening, with Roux saying Panama chose "a different proposal than the one we put forward.”
But his ties with Martinelli seemed to pull him across the finish line. Mulino ran on the promise to usher in another wave of economic prosperity, and stop migration through the Darien Gap, the perilous jungle region overlapping Colombia and Panama that was traversed by half a million migrants last year.
The lawyer also vowed to help his ally in his legal woes. After voting Sunday, Mulino strolled into the Nicaraguan Embassy trailed by photographers and wrapped Martinelli in a big hug, saying, “Brother, we’re going to win!
Before even half of the votes had been counted, supporters in Mulino’s campaign headquarters erupted in celebration, singing and waving flags. Panama doesn’t have a runoff system, so the candidate with the biggest share of votes wins.
Martinelli posted a blurry photo of his own face on the X social media platform, writing: “This is the face of a happy and content man.”
Despite the fatigue of endemic corruption in Panama, many voters like Juan José Tinoco were willing to overlook the other corruption scandals plaguing their former leader in favor of the humming economy seen during his presidency. The 63-year-old bus driver voted for Mulino from his working-class area of small, concrete houses surrounded by extravagant skyscrapers.
“We have problems with health services, education, we have garbage in the streets ... and corruption that never goes away,” Tinoco said. “We have money here. This is a country that has lots of wealth, but we need a leader who dedicates himself to the needs of Panama.”
The presidential race had been in uncertain waters until Friday morning, when Panama’s Supreme Court ruled that Mulino was permitted to run. It said he was eligible despite allegations that his candidacy wasn’t legitimate because he wasn’t elected in a primary.
Mulino faces an uphill battle moving forward, on the economy especially. Last year, the Central American nation was roiled for weeks by mass anti-government protests, which came to encapsulate deeper discontent among citizens.
The protests targeted a government contract with a copper mine, which critics said endangered the environment and water at a time when drought has gotten so bad that it has effectively handicapped trade transit through the Panama Canal.
While many celebrated in November when the country’s Supreme Court declared the contract unconstitutional, the mine closure and slashed canal transit will put Panama's new leader in a tight spot.
Meanwhile, the country's debt is skyrocketing and much of the economy has slowed, said Shifter, of Inter-American Dialogue, making it even harder for Mulino to regularize canal transit and staunch soaring levels of migration through the Darien Gap.
"Panama is at a very different moment than it’s been over the last 30 years," Shifter said. Mulino “is going to face formidable obstacles. I mean, it’s going to be a daunting task for him."
——
Janetsky reported from Mexico City.
Presidential candidate Jose Raul Mulino, of the Achieving Goals party, celebrates after winning on the day of the general electing in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Presidential candidate Jose Raul Mulino, of the Achieving Goals party, addresses supporters after winning on the day of the general electing in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Presidential candidate Jose Raul Mulino, of the Achieving Goals party, is surrounded by supporters after winning on the day of the general electing in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Presidential candidate Jose Raul Mulino, of the Achieving Goals party, celebrates after winning on the day of the general electing in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Supporters of Achieving Goals presidential candidate Jose Raul Mulino celebrate early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A supporter of Achieving Goals presidential candidate Jose Raul Mulino stands near a screen outside his campaign headquarters as he waits for the results of the general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Supporters of Achieving Goals presidential candidate Jose Raul Mulino celebrate early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Achieving Goals presidential candidate Jose Raul Mulino leaves after voting during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Supporters of Achieving Goals presidential candidate Jose Raul Mulino react to early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Supporters of Achieving Goals presidential candidate Jose Raul Mulino celebrate early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A screen displays the vote count after the general elections polls closed at the electoral tribunal in Panama City, Sunday, May 5, 2024. (AP Photo/Isaac Ortega)
Supporters of Achieving Goals presidential candidate Jose Raul Mulino celebrate early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
An electoral worker holds a ballot as he counts them after general elections polls closed in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
An electoral worker empties a ballot box to count after general elections polls closed in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
An Indigenous woman votes during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A man votes assisted by a woman during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
An Indigenous woman votes during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A girl waits for an adult to vote during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Voters check sample ballots on a polling station's wall during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Another Way presidential candidate Ricardo Lombana, center, arrives to vote during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Voters gather outside a polling station during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
Democratic Change presidential candidate Romulo Roux votes during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Isaac Ortega)
Martin Torrijos, a former president and presidential candidate for the Popular Party leaves after voting during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Carmen Bernal)
Achieving Goals presidential candidate Jose Raul Mulino holds his ballot during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A view of the Casco Viejo neighborhood backdropped by the skyline of Panama City before polling stations open during a general election in Panama City, early Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
People line up to vote outside a polling station during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
An electoral worker sticks a ballot on a polling station's wall to use as sample during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
A voter holds his ballots after choosing his preferences during a general election in Panama City, Sunday, May 5, 2024. (AP Photo/Matias Delacroix)
FILE - Migrants heading north line up to take a boat in Bajo Chiquito in the Darien province of Panama, Oct. 5, 2023, after walking across the Darien Gap from Colombia. Migration has increased through the Darien jungle, on the border with Colombia, where more than half a million people crossed last year. (AP Photo/Arnulfo Franco, File)
FILE - Banana vendors wait for customers at the Merca Panama wholesale market in Panama City, April 30, 2024. Panama grew 7.3% last year — the largest expansion in Latin America — but the Gross Domestic Product is expected to barely grow 2.5% in 2024, according to the International Monetary Fund. (AP Photo/Matias Delacroix, File)
FILE - Martin Torrijos, a former president and the presidential candidate for the Popular Party, flashes vee finger signs during a campaign rally in Panama City, April 27, 2024. Torrijos, 60 years old and son of the general and leader Omar Torrijos, presents himself as the candidate of experience. (AP Photo/Matias Delacroix, File)
FILE - Another Way presidential candidate Ricardo Lombana speaks to supporters during a campaign rally, in Panama City, Tuesday, April 30, 2024. Lombana, a 50-year-old lawyer, emerged with strength in the 2019 elections and finished in third place as an independent. (AP Photo/Matias Delacroix, File)
FILE - Romulo Roux, presidential candidate for Democratic Change, addresses supporters during a closing campaign rally in Panama City, April 28, 2024. Roux, a 59-year-old former chancellor in the Martinelli government, promises to change the Constitution to dismantle the structures that facilitate corruption. (AP Photo/Agustin Herrera, File)
FILE - Supporters of Achieving Goals presidential candidate Jose Raul Mulino attend a campaign rally in Panama City, April 28, 2024. Mulino has promised to usher in a humming economy and stop migration through the Darien Gap, traversed by half a million migrants last year. (AP Photo/Matias Delacroix, File)
FILE - Presidential candidate Jose Raul Mulino holds his granddaughter Sofia accompanied by his daughter Monique, Sofia's mother, during a campaign event, in Panama City, April 26, 2024. Mulino replaced former president Ricardo Martinelli as the candidate for the Achieving Goals party. Martinelli was barred from running in March, because the ex-president was sentenced to more than 10 years in prison for money laundering. (AP Photo/Matias Delacroix, File)
FILE - Former President Ricardo Martinelli sends a video message from inside the Nicaraguan embassy to supporters, during a campaign rally for presidential frontrunner Jose Raul Mulino, in Panama City, April 28, 2024. Martinelli has been campaigning for his former running mate from inside the walls of Nicaragua’s embassy, where he took refuge in February after receiving political asylum. (AP Photo/Matias Delacroix, File)
This combo of images shows Panama's 2024 presidential frontrunners from a field of 7, from left; Jose Raul Mulino of the Achieving Goals Party, on May 1; Ricardo Lombana of the Another Way Party, on April 30; Romulo Roux of the Democratic Change Party, on April 28; and former President Martin Torrijos of the Popular Party, on April 27, all in Panama City. Panamanians will elect their new president on May 5th. (AP Photos/Files)
A Panamanian flag flies on Ancon hill backdropped by the skyline of Panama City, Thursday, May 2, 2024. Panamanians will elect a new president on May 5th. (AP Photo/Matias Delacroix)
