Comment #1

konane — Sun, 15 Mar 2009 14:09:25 GMT

Wow good for him, that's the kind of event collectors dream of!!!!

Original Blog Entry: Man Paid $.35 for Original Superman Comic Book Which Sold For $317,200

truesee — Sun, 15 Mar 2009 13:44:43 GMT

The Associated Press

The Associated Press

Published: March 14, 2009

NEW YORK - A rare copy of the first comic book featuring Superman has sold for $317,200 in an Internet auction.

The previous owner of Action Comics No. 1 bought it for less than a buck.

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.

In addition to being a musician, Dolmayan is a dealer of rare comic books. The auctioneers said he acquired the Superman comic on behalf of an unidentified client.

I imagine it's someone from the entertainment world, said Vincent Zurzolo, chief operating officer at ComicConnect and Metropolis Collectibles.

Only about 100 copies of Action Comics No. 1 are known to exist and they seldom come up for sale.

Maybe in a booming economy, it would have done a hundred grand more, but in this economy, I think the price is great, Fishler said.

The man who had previously owned the book purchased it in a secondhand store in the early 1950s when he was nine years old.

He paid 35 cents.

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