My Executive


    Jun 17, 2013

    Superman comic found in wall sells for $219k

    A RARE 75-year-old comic book featuring the debut of Superman fetched US$175,000 (S$219,000) at auction, comic-book seller said last week.

    The identity of the buyer in the online auction, which ended last Tuesday, was not disclosed.

    The comic book, Action Comics No. 1 from June 1938, was the first appearance of the all-American superhero by writer Jerry Siegel and illustrator Joe Shuster.

    It had been estimated to sell for US$100,000, chief executive officer Stephen Fishler said, adding that there are about 100 remaining of the 250,000 original copies.

    "It's so noteworthy because it was a historic milestone," Mr Fishler said. "There was no such thing as a superhero or a man in costume (in 1938)."

    The comic book was sold by building contractor David Gonzalez, who discovered it among newspapers used as insulation in a wall during a home renovation in Hoffman, Minnesota, about 240km north-west of Minneapolis.

    Mr Gonzalez bought the vacant 1938 home for US$10,100, Mr Fishler said. The book's condition was graded 1.5 out of 10 as its back cover was accidentally ripped shortly after it was found.

    "Conservatively, that's a US$50,000 tear, but probably more," the CEO said.

    A mint-condition copy of Action Comics No. 1 would command about US$3 million, he said. A 9.5-graded copy of the book sold for US$2.16 million in 2011.

    Superman got a big-screen reboot in the movie Man Of Steel, which opened last Thursday.