Superman Saves Family From Foreclosure
A rare Superman comic book found while a family was packing up their foreclosed home is estimated to fetch up to $250,000 when it goes to auction later this month, and will save the family’s home from foreclosure.
The family, who lives in the southern U.S. and spoke to ABC News on condition of anonymity, said the home that had been in their family for over 50 years. It was in the process of being foreclosed on by their lender because of missed payments on a second mortgage they took out to start a new business, which failed in the bad economy. As they were packing their belongings, they went to their basement and began sifting through old boxes, trying to find packing boxes, when they stumbled on several comic books.
One of those turned out to be a rare Action No. 1 comic from 1938, the first to feature Superman, which originally sold for a dime. Last week, the family received a rating on the comic of 5.0 VG (very good)/Fine rating, and will auction their find on ComicConnect.com beginning Aug. 27. It is estimated to sell for up to $250,000.
A ComicConnect.com spokesman said there are estimated to be only 100 copies of Action Comics No. 1 in existence, of which only a few are in good condition. In the last 18 months, seven copies have been discovered. Earlier this year, copies sold for $1 million and $1.5 million; another copy sold for over $300,000 last year.
Greg Gilbert
Keith Maynard
