Skip to: Content
Skip to: Site Navigation
Skip to: Search


Superman comic book fetches $175,000 at auction

A rare copy of Action Comics No. 1 – which includes the first appearance of Superman – sold for $175,000 after being hidden for more than 70 years.

By Associated Press / June 12, 2013

The comic book that sold at auction for $175,000 is the first in which famous hero Superman appears.

Metropolis Collectibles, Inc./ComicConnect, Corp./AP

Enlarge

A rare copy of the comic book featuring Superman's first appearance that lay undiscovered for over 70 years in the insulation of a house has sold for $175,000.

Skip to next paragraph

The high bidder for the copy of Action Comics No. 1 in the online auction was a "hard core, golden age comic book collector," Stephen Fishler, CEO of ComicConnect.com, said Tuesday. The buyer's name was not released. Fifty-one offers were submitted before bidding closed Monday night.

But Fishler said the buyer had been looking for a several months for a lower-grade, unrestored copy of the Man of Steel's debut, rather than a copy in better condition that could have cost well over $1 million.

Fishler estimates there are only around 100 known copies of Action Comics No. 1, which was published in 1938. He said the book is prized not only for its rarity, but because Superman was the archetype of all comic book superheroes to come.

This copy was found by David Gonzalez among old newspapers in the ceiling insulation of a house he was restoring in the small western Minnesota town of Hoffman.

He accidentally tore the cover when grabbed it and tossed it aside during an argument a few days later with his wife's aunt, which was part of the reason its condition was graded only 1.5 on a 10-point scale used by comic collectors. He said in an interview last month that he really didn't care much about the money.

Fishler said the book's backstory was part of why it appealed to the winning bidder.

A pristine Action Comics No. 1 that was graded a 9 fetched $2.16 million in November 2011, which was the highest price ever paid for a comic book.

Permissions

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer

 

What are you reading?

Let me know about a good book you've read recently, or about the book that's currently on your bedside table. Why did you pick it up? Are you enjoying it?

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Endeavor Global, cofounded by Linda Rottenberg (here at the nonprofit’s headquarters in New York), helps entrepreneurs in emerging markets.

Linda Rottenberg helps people pursue dreams – and create thousands of jobs

She's chief executive of Endeavor Global, a nonprofit group that gives a leg up to budding entrepreneurs.

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!