First Superman comic gets $300k
The first comic book featuring Superman was sold for $317,200 in an internet auction on ComicConnect. John Dolmayan, the drummer for the rock band System of a Down submitted the winning bid on the 1938 edition of Action Comics. The winning bid set a new record for the highest amount ever paid for a comic.
The first Superman comic was purchased by a 9 year old in the 1950s for a mere 35 cents. There is an estimate 100 copies of the first edition of the Superman comic which originally cost 10 cents.
When the auction was first announced last month, comic book expert Stephen Fishler predicted that bidding for the comic book would be sure to go up, up and away. He said that copies of Action Comics No. 1 in "fine" condition were worth about $126,000, but that this copy could sell for several times that.