Superman Comic Sells For Over 300k

Brett Singer — Mon, 16 Mar 2009 16:00:00 GMT

Action Comics #1, featuring the first appearance of Superman, sold for $317,200. It was first published in 1938, with a cover price of 10 cents. The owner bought it in 1950 for 35 cents. Amazingly, the issue is still in mint condition, hence the high price it brought at auction. There are only 100 copies of Action Comics #1 in existence. Many of the original issues were probably thrown away by somebody's mom. Oops.

The buyer was John Dolmayan, drummer for System of a Down. He said he bought it "for a client." (That's the kind of thing guys tell their wives when they spend this kind of cash on a comic book. I kid. Sort of.) Dolmayan has a huge comics collection and is also a dealer.

When I was about 10 years old, I was in a comic book store (Dragon's Den on Central Avenue in Yonkers) and saw a copy of Incredible Hulk #181, which features the first appearance of Wolverine. (Note: technically Wolverine's first appearance is in Hulk #180, but he only appears in one panel and #181 is worth more to collectors. For a very nerdy discussion of this important topic, click here.) The price was 10 dollars. I decided that was too high and didn't bother. Today that comic book sells for between $1,000 and $2,000, depending on condition.

Save those comics, kids. Don't let mom throw them out. You never know - they could be worth big money some day. Heck, at this point, it beats the stock market, right?

Image/Source: Daily News

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