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 , co-owner of the auction site ComicConnect.com and its sister dealership, Metropolis Collectibles.
The winning bid for the 1938 edition of No. 1, 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.
Dolmayan, who is also a dealer of rare comic books, said he acquired the Superman comic on behalf of a client he declined to identify.
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 secondhand store in the early 1950s when he was nine years old.
He paid 35 cents.