Sunday 15 March 2009

Super rare Superman comic sells for super auction: $317,200 for Action Comics #1

BY Caitlin Millat
DAILY NEWS WRITER
Saturday, March 14th 2009, 5:02 PM

A rare copy of Action Comics #1 has been sold at an Internet auction for $317,200.

Maybe they should call him Man of Gold.

Superman proved to be super-expensive when a rare copy of the first comic book featuring him sold late Friday for $317,200 in an Internet auction.

The drummer for the rock band System of a Down, John Dolmayan of rock band, placed the winning bid for the 1938 edition of Action Comics No. 1, the first comic to feature Clark Kent and his heroic alter ego.

Dolmayan, a collector and a dealer of vintage comic books, reportedly bought the inaugural Superman issue for a client.

Auction site ComicConnect said the book's previous owner purchased it in 1950 at a secondhand store for a measly 35 cents.

"It's the Holy Grail of comic books," expert Stephen Fishler said when the book went up for auction in late February.

Only 100 copies of the comic exist worldwide - and this edition is one of the few that remain untouched, in mint condition.

The $317,200 bid is among the highest any comic book has ever gotten at auction

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