Posted in: Comics | Tagged: action comics, action comics 1, auction, comic connect, Comics, dc comics, vintage comics

$135,000 (So Far) For An Action Comics #1 Found In A $10,100 House…

Published Thu, 23 May 2013 08:59:05 -0500

by Rich Johnston

Last updated Thu, 23 May 2013 17:24:58 -0500

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Remodeler finds comic book worth over $100K in wall at Elbow Lake house is the headline.

amid old newspapers used to insulate a wall of a fixer-upper he was gutting in Elbow Lake, Minn

Action Comics #1 is the comic.

$135,000 is the current bid at ComicConnect

Though it could have gone for more…

When his wife's aunt grabbed the comic book amid all the excitement of the discovery, he grabbed it back and tore the back cover. Experts downgraded the comic book's condition to a 1.5 on a 10-point scale. To put that in comic-book context, a 9.0-grade Action 1 fetched more than $2 million recently.

"That was a $75,000 tear," said Stephen Fishler, co-owner of ComicConnect, a New York City online auction house that is selling Gonzalez's treasure. He says the comic book would have graded out at 3.0 without the rip.

Though it appears, that only half of that will go to the person who found the comic, David Gonzalez.

He has since driven the comic book down to Tampa, Fla., where a dealer serves as the middle man with the New York online auctioneer. Gonzalez says he'll get half the final sale price

Still he only paid $10,100 for the property, so he's still quids in. Just not as much as he otherwise might have been if people had been less snatchy and he'd gone to eBay…

But remember, as Stephen Colbert said last night "it's only valuable if kept inside its original wall."

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