2013 Comic Book News Archives

May 22, 2013: Remodeler Finds "Action Comics #1" Inside House Wall

Action Comics #1 While remodeling an old Lake House in Elbow Lake, Minneapolis, David Gonzalez recently found a 1938 edition "Action Comics #1" amongst old newspapers used to insulate a wall.

    "I knew it was worth money," said Gonzalez, 34. "But I had no idea how much."

    He's quickly finding out as he sells the comic book in an online auction that runs until June 11. It has already attracted 31 bids, including one for $107,333, in the first two days of the auction.

    The comic could have been worth more had it not been for a heated argument with one of his in-laws.

    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.

You can read the full story at the Star Tribune website. You can check out the online auction at ComicConnect.com.



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