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$100,000 Comic Book Found In The Wall Of A $10,000 Home

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$100,000 Comic Book Found In The Wall Of A $10,000 Home

A Minnesota man working on a fixer-upper tore down a wall and found, among the newspapers stuffed inside to insulate it, a copy of Action Comics No. 1. That’s right, Superman’s first appearance. The birth of superhero comics. It’ll go for at least $US100,000 — but it could have sold for a lot more.

$100,000 Comic Book Found In The Wall Of A $10,000 Home
In a gobsmacking story by the Star Tribune of Minneapolis earlier this week, David Gonzalez tells of how he found the comic book, showed it to one of his in-laws, and in a heated argument that followed, tore its back cover — a defect that lopped $US75,000 off its potential value, in one appraiser’s view.

Gonzalez’s Action #1 currently has a bid of $US107,333 (Update: It’s over $US135,000 now), in an auction being run by a New York auction house through June 11. That’s still more than 10 times than the price he paid for the home where he found it, which had a torn roof and was scheduled to be demolished until he picked it up for $US10,100.

Go read the story, it’s dumbfounding that someone could still find an edition of the most valuable comic book in the world — even one graded at 1.5 out of 10 in condition — in this way, and tragic that his in-laws damaged it.

Remodeler finds comic book worth over $US100K in wall at Elbow Lake house [Star Tribune via Nerd Approved]

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