First comic appearance of Superman fetches $175K
Even though it was damaged, copy goes for big bucks
By DonKaye_ParallelUniverse 2 hours ago
A copy of Superman's first appearance in Action Comics #1, dated June 1938, has sold at auction for $175,000 after it was discovered inside the insulation of a Minnesota house, according to the Associated Press.
David Gonzalez found the comic book while demolishing a wall inside a house in the small town of Hoffman that he and his wife bought as a fixer-upper for a little over $10,000. The book was tucked into a pile of newspapers that had been used as insulation in the 75-year-old structure.
He might have gotten even more money for the book except for the fact that he tore the cover when he grabbed it during an argument with his wife's aunt. The rip, which Stephen Fishler of auction house Comic Connect called a "$75,000 tear," caused the book to be rated just 1.5 on a 10-point scale established for collectors by the Certified Guaranty Company (CGC).
By contrast, a near-perfect copy of Action Comics #1 owned by actor Nicolas Cage, which received a 9.0 CGC rating, sold for $2.16 million in 2011. Approximately 100 copies of the book are known to exist, making it one of the rarest and most valuable comic books in the world.
Fishler described the winning bidder in the Gonzalez auction, who was not named, as a "hardcore, Golden Age comic book collector" who beat out 50 other bids before the sale closed Monday night.
What is the most you would pay for a comic book of this historical importance, if you had the money to spend? Tell us at MSN Movies on Facebook and Twitter.