Action #1 Sells For $317,200

2:03 pm EST March 14th, 2009 | Comic Books | 6 Comments

In the world of comics, and especially Superman fanatics like me, this is the freaking holy grail.

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.

Just idle speculation on my part, but I bet if we weren’t in a recession the price would have been way higher.

And we now know how else Joe Shuster paid the bills: Secret Identity: The Fetish Art of Superman’s Co-creator Joe Shuster

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6 Responses to “Action #1 Sells For $317,200”

  1. Quaker in a Basement says:
    March 14, 2009 at 11:43 pm

    It originally sold for ten cents in ’38? That was a lot of money in those days. I bet plenty of parents hollered long and loud when they saw that coming in the door.

  2. SojournerSamson says:
    March 15, 2009 at 12:10 pm

    I have actually held one of them in ca.1964…I knew even then it was beyond specisl!

  3. Duros62 says:
    March 15, 2009 at 12:55 pm

    But why is he so mad at that car?

  4. Guru Nakal says:
    March 15, 2009 at 1:41 pm

    Is that real images from superman comics?? This is forst time I saw it..

  5. Legginotizie says:
    March 15, 2009 at 3:58 pm

    Argh… In Italy is really difficult have a normal number of that comics :( I can’t dream for a #1

  6. Oliver Willis says:
    March 15, 2009 at 11:08 pm

    If I remember correctly it’s a gangster’s car. Yep. You can read the whole thing here.