Action Comics #1: 1st appearance of Siegel & Shuster’s Superman sells for US$317,200 on Comic-Connect

Courtesy of the ASSOCIATED PRESS

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

The previous owner had 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 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 of Action Comics No. 1, which features Superman lifting a car on its cover, was submitted Friday by John Dolmayan, drummer for the rock band System of a Down, according to the managers of Comic- Connect.com.

Dolmayan, who is also a dealer of rare comic books, said he acquired the Superman comic on behalf of a client whom he did not wish to identify.

“This is one of the premier books you could collect,” he said.

“It’s considered the Holy Grail of comic books.

“I talked to my client, and we made the move.”

Dolmayan said the client has “a small collection, but everything he has is incredible.”

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 second-hand store in the early 1950s when he was 9 years old.

He paid 35 cents.

Some additional information: The copy was graded as an unrestored FINE (6.0) by CGC with cream to off-white pages. It is the highest price paid for a comic book sold by public auction to date. To view the auction listing the page is still available for viewing on Comic-Connect.com

And here’s a picture of the copy that was sold (instead of the generic pic of Action 1):

action1