Action Comics #1
Action Comics #1

It went less than speculators had originally thought, but $317,200 is a pretty good take on an issue that cost the owner $.35 when he originally purchased it at a second hand store 50 years ago. The unrestored Action Comics #1 (one of 20 in existence) was purchased by John Dolmayan, the drummer for System of a Down.

But here’s where it gets interesting – Dolmayan, is also a dealer of the rare comic books, and instead of purchasing the 1938 issue for himself, JOhn purchased it on behalf of an unidentified client.

“Maybe in a booming economy, it would have done a hundred grand more, but in this economy, I think the price is great,” said Stephen Fishler co-owner of ComicConnect.com.

via AP

The Author

Stephen Schleicher

Stephen Schleicher

Stephen Schleicher began his career writing for the Digital Media Online community of sites, including Digital Producer and Creative Mac covering all aspects of the digital content creation industry. He then moved on to consumer technology, and began the Coolness Roundup podcast. A writing fool, Stephen has freelanced for Sci-Fi Channel's Technology Blog, and Gizmodo. Still longing for the good ol' days, Stephen launched Major Spoilers in July 2006, because he is a glutton for punishment.

You can follow him on Twitter @MajorSpoilers and tell him your darkest secrets...

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2 Comments

  1. Lifeisaglitch
    March 16, 2009 at 8:14 am — Reply

    BANANA BANANA TERRACOTTA PIE, TERRACOTTA PIE!

  2. Jerard
    March 16, 2009 at 10:52 am — Reply

    thought this would go for a lot more. any one know how many detective comics 27s are left?

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