Action Comics #1, the first comic featuring Superman, is the Holy Grail of comic book collectors. There are maybe 100 copies still around, and most of them have been restored or are in less than fine condition.
So it’s no surprise that even in these dire economic times, an original Action Comics #1 in excellent condition has sold for a whopping $317,200.
It’s one of the highest prices ever paid for a comic book, a likely testament to the volume’s rarity and its excellent condition, said Stephen Fishler, co-owner of the auction site ComicConnect.com and its sister dealership, Metropolis Collectibles.
The winning bid for the 1938 edition, which features Superman lifting a car on its cover, was submitted Friday evening by John Dolmayan, drummer for the rock band System of a Down, according to managers at ComicConnect.com.
Dolmayan is rare comic dealer and bought it for an anonymous client, not for himself.
The seller is also anonymous. He bought it at a second-hand comic store in the 50′s when he was 9 years old, then squirreled it away and forgot about it for 15 years or so.
When he found it again in 1966, he figured he’d hold on to it just in case it increased in value. Well, it did. From 35 cents to 31,720,000 cents.