Musician Pays Big Bucks For Rare Comic
John Dolmayan, drummer for the rock band System of a Down and owner of Torpedo Comics, just picked up a rare copy of the first edition of Action Comics. The comic book from June 1938 marks the debut of Superman. Dolmayan paid $317,200 in an internet auction, setting a record for the comic book which some estimated to sell for as much as $500,000. This particular copy was in the same hands since the 1950s when he purchased it for just 35 cents. Only about 100 copies of Action Comics No. 1 are said to be in existence.
According to the LA Times, Dolymayan bought the comic book on behalf of a client whom he did not name. He referred to the comic book as the "Holy Grail of comic books."