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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: Rare Superman comic sells for $317,200 on Internet By DAVID B. CARUSO,Associated Press Writer AP - Sunday, March 15 NEW YORK - A rare copy of the first comic book featuring Superman has sold for $317,200 in an Internet auction. The previous owner had bought it for less than a buck. ADVERTISEMENT 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 of Action Comics 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. "This is one of the premier books you could collect," he said in a telephone interview. "It's considered the Holy Grail of comic books. I talked to my client, and we made the move." 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. ____ Associated Press writer Adam Goldman in New York contributed to this report. ___ On the Net: Torpedo Comics: https://www.torpedocomics.com/ Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Entertainment & Lifestyle Martin to Ore. troupe: Show will go on, on my dimeAP - 37 minutes ago France's puppet rulers turn 20AFP - 1 hour 16 minutes ago Sammy Davis Jr.'s widow dies at age 65AP - 1 hour 18 minutes ago Chaos erupts in crowd at NYC 'Top Model' auditionsAP - Sunday, March 15 Rare Superman comic sells for $317,200 on InternetAP - Sunday, March 15 Most Popular – Entertainment Viewed For sale: nagging wife, very high maintenance World Bank warns of "very dangerous" year ahead Obama program helping US economy: Summers Bailed-out AIG plans bonuses worth millions: report Arrest warrant issued for Lindsay Lohan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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