Superman (Comic) Saves Family Home From Foreclosure

Action Comics No 1Damn, why can’t I find one of these laying around? Ray Sanchez reports on ABC News:

A struggling family facing foreclosure has stumbled upon what is considered to be the Holy Grail of comic books in their basement — a fortuitous find that could fetch upwards of a quarter million dollars at auction.

A copy of Action Comics No. 1, the first in which Superman ever appeared, was discovered as they went about the painful task of packing up a home that had been in the family since at least the 1950s. The couple, who live in the South with their children, asked to remain anonymous.

“The bank was about ready to foreclose,” said Vincent Zurzolo, co-owner of ComicConnect.com and Metropolis Comics and Collectibles in New York. “Literally, this family was in tears. The family home was going to be lost and they’re devastated. They can’t figure out a way out of this. They start packing things up. They go into the basement and start sifting through boxes – trying to find packing boxes — and they stumble on eight or nine comic books.”

Most of the comic books in the box were worth between $10 and $30 but one – dated June 1938 and depicting the Man of Steel lifting a car above his head – was extremely rare. That issue, which originally sold for 10 cents, is considered to have ushered in the age of the superhero.

Read More: ABC News

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  • Teto85

    Superman really does save the day.

    Meanwhile, I'm going to clean out the attic this weekend, checking everything very carefully.

  • fuzzgun

    If someone really wanted to be a shithead, they could buy a stack of Action Comics #1 reprints and stick copies inside piles of magazines at thrift stores, between dusty books at libraries, in relatives' attics, etc.

    • Haystack

      Reproductions turn up in places like that all the time, just like other worthless books and magazines.

      They make fake winning lottery scratch-off's so you can fool your friends/enemies into spazzing out with joy, then laugh at them when they find out that they're still condemned to a life of wage slavery. To my knowledge, this prank has not lead to any murders (yet).

  • Hadrian999

    I always wonder why the broker tells people the real price,
    I always here stories about people with no clue what they have finding out it's worth a fortune.
    doesn't make any sense.

    • Haystack

      In this case it looks like they looked it up online.

      It depends on who your dealing with. I knew a guy who put a first edition of the Mormon hymnal by Joseph Smith's wife on eBay starting at $100. A guy flew out from Utah with envelopes full of $100 bills and offered him $10,000 for it, showing him the book's value in a reference, and he sold. Then he got a flood of E-mails when he cancelled the auction, informing him that it was worth more like $100,000.

      In some cases the buyer is obliged to offer a realistic price because the seller may be talking to other people. Another issue is that, when something like a #1 Superman comic sells, it gets press. If you're a professional comic/book seller you have a reputation to think about–you can imagine if this were a story about a family being foreclosed upon being bilked out of a fortune by a sleazy dealer. Makes it hard to buy new stock when everyone knows you're totally unscrupulous.

  • Haystack

    In this case it looks like they looked it up online.

    It depends on who your dealing with. I knew a guy who put a first edition of the Mormon hymnal by Joseph Smith’s wife on eBay starting at $100. A guy flew out from Utah with envelopes full of $100 bills and offered him $10,000 for it, showing him the book’s value in a reference, and he sold. Then he got a flood of E-mails when he cancelled the auction, informing him that it was worth more like $100,000.

    In some cases the buyer is obliged to offer a realistic price because the seller may be talking to other people. Another issue is that, when something like a #1 Superman comic sells, it gets press. If you’re a professional comic/book seller you have a reputation to think about–you can imagine if this were a story about a family being foreclosed upon being bilked out of a fortune by a sleazy dealer. Makes it hard to buy new stock when everyone knows you’re totally unscrupulous.

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