Rare Book Monthly

Articles - April - 2009 Issue

Comic Book Sells for $317,200

The June 1938 issue of Action Comics introduced Superman to the world.

The June 1938 issue of Action Comics introduced Superman to the world.


By Michael Stillman

These are tough times to get the best prices for your books, but as we know, every rule has its exception. On March 13, the first comic book featuring Superman went under the hammer at the Comic Connection. Eighty-nine bids later, the June 1938 edition of Action Comics was sold for $317,200. For those calculating, this was something like a 317 million percent return on the original price of 10 cents. The previous owner reportedly paid a little more than a dime for it... 35 cents, back in the 1950s. This is sobering news for all of those mothers who told their children to stop wasting their money on comic books.

Not yet a star, Superman's name does not appear on this comic's cover. However, even then we could see the extraordinary powers that would make Superman a superstar in the years ahead. The caped crusader, red cape flowing in the wind, is seen lifting a car and smashing it against a rock, to the amazement and terror of some fleeing bystanders.

The buyer was John Dolmayan, drummer for the rock band System of a Down. The band is noted for some strange songs, but nothing so strange as paying 317 grand for a comic book. Disorder! Disorder! Dolmayan runs Torpedo Comics, an online comic selling website, and reportedly said the purchase was on behalf of an unidentified client. If I spent $317,000 for a comic book, I wouldn't want to be identified either. There are only around 100 copies of this first Superman comic still in existence. It's time to check out those old comics in the attic to see if there might be 101.

Rare Book Monthly

  • High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Ellis Smith Prints unsigned. 20” by 16”.
    High Bids Win, Dec. 24 – Jan. 9: United typothetae of America presidents. Pictures of 37 UTA presidents 46th annual convention United typothetae of America Cincinnati 1932.
    High Bids Win, Dec. 24 – Jan. 9: Henri de Toulouse-Lautrec signed Paper Impressionism Art Prints. MayMilton 9 1/2” by 13” Reine de Joie 9 1/2” by 13”.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Aberle’ Ballet editions. 108th triumph, American season spring and summer 1944.
    High Bids Win, Dec. 24 – Jan. 9: Puss ‘n Boots. 1994 Charles Perrult All four are signed by Andreas Deja
    High Bids Win, Dec. 24 – Jan. 9: Specimen book of type faces. Job composition department, Philadelphia gazette publishing company .
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: An exhibit of printed books, Bridwell library.
    High Bids Win, Dec. 24 – Jan. 9: A Connecticut Yankee in King Arthur Court By Mark Twain 1889.
    High Bids Win, Dec. 24 – Jan. 9: 1963 Philadelphia Eagles official program.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: 8 - Esquire the magazine for men 1954.
    High Bids Win, Dec. 24 – Jan. 9: The American printer, July 1910.
    High Bids Win, Dec. 24 – Jan. 9: Leaves of grass 1855 by Walt Whitman.
  • RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
  • Case Antiques
    2025 Winter Fine Art & Antiques Auction
    January 25-26, 2025
    Case Antiques, Jan. 25-26: 1861 Civil War Personal Flag. $12,000 to $14,000.
    Case Antiques, Jan. 25-26: Armory Show 1913 Exhibition Poster. $8,000 to $9,000.
    Case Antiques, Jan. 25-26: Abraham Lincoln Signed Appointment, 1863. $4,000 to $5,000.
    Case Antiques
    2025 Winter Fine Art & Antiques Auction
    January 25-26, 2025
    Case Antiques, Jan. 25-26: Cormac McCarthy, The Orchard Keeper, 1st Edition, Signed. $3,800 to $4,200.
    Case Antiques, Jan. 25-26: Cormac McCarthy, Suttree, 1st Edition, Signed. $3,200 to $3,400.
    Case Antiques, Jan. 25-26: Winston Churchill & Bernard Baruch Signed Letters Plus Photo. $1,400 to $1,600.
    Case Antiques
    2025 Winter Fine Art & Antiques Auction
    January 25-26, 2025
    Case Antiques, Jan. 25-26: Mississippi Civil War Ambrotype, Dr. Bisland Shields with Saber and Hat. $1,400 to $1,600.
    Case Antiques, Jan. 25-26: Custom 19th C. Lord Byron Childe Harold's Pilgrimage, 4 Vols w/ Over 350 Prints Incl. Ex-Joshua Reynolds. $1,200 to $1,400.
    Case Antiques, Jan. 25-26: Four NASA Lunar Orbiter Survey Photos, 1966; Maestlin G Crater; Apollo. $600 to $700.
    Case Antiques
    2025 Winter Fine Art & Antiques Auction
    January 25-26, 2025
    Case Antiques, Jan. 25-26: Three Margaret Mitchell Signed Books; Association Copies. $1,000 to $1,200.
    Case Antiques, Jan. 25-26: Jimmie Rodgers Signed & Dated Photograph plus Record, Framed. $1,000 to $1,200.
    Case Antiques, Jan. 25-26: Edward VIII Signed Letter Autograph. $500 to $600.
  • Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: William Shakespeare.
    The Poems and Sonnets of William Shakespeare, 1960. 7,210 USD
    Sotheby’s: Charles Dickens.
    A Christmas Carol, First Edition, 1843. 17,500 USD
    Sotheby’s: William Golding.
    Lord of the Flies, First Edition, 1954. 5,400 USD
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: Lewis Carroll.
    Through the Looking Glass and What Alice Found There, Inscribed First Edition, 1872. 25,000 USD
    Sotheby’s: J.R.R. Tolkien.
    The Hobbit, First Edition, 1937. 12,000 USD
    Sotheby’s: John Milton.
    Paradise Lost, 1759. 5,400 USD

Article Search

Archived Articles

Ask Questions