First Superman comic scores a heroic price: $317,200

March 15, 2009 | 10:57 p.m.

Action_no_1_3There’s a great stirring in the mainstream media today about some economic stimulus, Kryptonian-style.

Below you can read a bit from the story from the New York Daily News, but there’s also an Associated Press story that ran in the Los Angeles Times, the Toronto Star and many other papers.

Maybe they should call him Man of Gold.

Superman proved to be super-expensive when a rare copy of the first comic book featuring him sold late Friday for $317,200 in an Internet auction.

The drummer for the rock band System of a Down, John Dolmayan, placed the winning bid for the 1938 edition of Action Comics No. 1, the first comic to feature Clark Kent and his heroic alter ego.

Dolmayan, a collector and a dealer of vintage comic books, reportedly bought the inaugural Superman issue for a client.

Auction site ComicConnect said the book’s previous owner purchased it in 1950 at a secondhand store for a measly 35 cents.

Now that is quite the return on an investment…

– Geoff Boucher

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