According to the art website Artdaily, the owner of Torpedo Comics has paid $ 317,200 at auction for the first edition of Action Comics, featuring the debut adventures of Superman.

John Dolmayan, drummer for System of a Down and owner of Torpedo Comics, is now the owner of the first edition of Action Comics, from June of 1938 which is famous for having in its pages the debut of the “Man of Steel”.

This sets a record price for a comic book, but far from the $500,000 that Comic Connect estimated it to be worth.

A very rare version of Action Comics issue #1, known famously as the issue that launched Superman, is up for auction and is expected to fetch a bidding price of $400,000.

The particular issue up for auction is an “unrestored” version of the comic and is worth considerably more than the remaining Action Comics #1 that are known to exist.

There are only about 100 known copies left of the original 1938 comic which sold for only 10-cents when it first came out, but about 80% of those are said to have been restored.