John Dolmayan, Torpedo Comics owner and of System of a Down’s fame won Action Comics issue #1 for $317,200 at an online auction just recently. Apparently, he purchased the item for a third party. The comic storyline has the debut appearance of Superman. It was originally published in June, 1938. The previous owner of the comic book is known to have owned the “holy grail of comics” since 1950, which he had purchased second-hand for 35 cents. There are about 100 copies known to exist. To date it holds the highest price paid for a comic book.

pic and info: LA Times