This copy of Action Comics #1, the first appearance of Superman, was found by a Minnesota man in the wall of an abandoned house he bought and was remodeling.
The Comic Speculator is a blog written by WorthPoint Comic Book “Worthologist” Matt Baum that takes a look at each week’s hot new comics and back issues and the comic market place in general. Prices discussed here are taken from the Overstreet Guide to Comics (OVST), Comicspriceguide.com (CPG) and current online auction sales. Sales numbers and rankings are courtesy of ICV2.com. Lists of new comics are courtesy of Previews World and Comics List. Make sure and click on the links to learn more about the titles and creators discussed here. The codes under the prices of new titles discussed are Diamond Comics order codes that can be used to help your local comic retailer in ordering the issues discussed. If you want to hear what this nerd sounds like you can catch him on his podcast, the Two-Headed Nerd Comicast, where he and his friend Joe discuss the latest comic news, review some new comics, and answer your questions.
The Back Issue Report
Every once and a great while it happens. Someone opens a long-forgotten trunk or foot locker or, in this case, a wall, and finds the most expensive comic book in existence. Just last week it happened again. A Minnesota man remodeling a house he purchased for $10,100 on Elbow Lake in West-Central Minnesota, discovered a copy of Action Comics #1 (DC, 1938), the first appearance of Superman.
David Gonzalez, who bought the abandoned house, found the copy of Action Comics #1 along with several old newspapers in a wall. Apparently, it was being used as insulation, which just makes me quiver and stare at the stucco walls in my own 100-year-old-house house. I just tore out the walls in the bathroom and the coolest thing I found was an old matchbook.
According to Gonzalez, the comic was torn by in-laws during an argument when they “tried to grab it.” According to Stephen Fishler, co-owner of Comic Connect , the site where the comic is currently up for sale, the tear cost Gonzalez $75,000.
My in-laws would know better.
The issue itself graded out in CGC 1.5 condition and is currently up for auction and sitting at $137,000 with 35 bids and 11 days to go. Not a bad return on a $10,100 house.
UPDATE: The online auction ended Tuesday, June 11. With 51 bids, the final selling price was $175,000. I’m officially tearing out every wall in my house.
Matt Baum is WorthPoint’s comic book Worthologist. If you have any questions about these books or anything else in the comic book world feel free to contact Matt or post your question below in the Comic Book Forum in the WorthPoint Forums, located in the Community tab. You can also reply to this article in the “leave a reply” box below. If you need more comic-nerd in your life, you can follow Matt on Twitter, where he’s always screaming about something nerd-related. Thanks to all Matt’s new followers and keep the comments coming!
Want to know what your comics are worth? Join WorthPoint to search its database or use its “Ask A Worthologist” feature. Remember to post the title, issue number and cover price.
WorthPoint—Discover Your Hidden Wealth