In the nick of time, the Man of Steel saved a family's home ... for real. A couple facing foreclosure found the collateral they desperately needed with the discovery of an Action Comics #1 (aka, the Holy Grail of comic books) in their basement. As any true fanboy knows, Action Comics #1 is the most significant comic of all time because it was Superman's debut. In fact, the issue birthed the entire genre of the superhero.
The fortuitous find occurred when the anonymous family began the painful process of packing up their home due to a bank's foreclosure proceedings. The house had been in the family's possession since the 1950s, which is probably when the wife's father stashed the issue in a box with some other, mere mortal titles. When they first realized what they had found, they contacted Stephen Fishler, co-owner of New York's ComicConnect and Metropolis Collectibles.
"They said they came across a box that had magazines in it and some old comic books," Fishler told Asylum. "And that they came across what appears to be an Action #1." Fishler points out that "99.9 percent" of similar calls he receives turn out to be about reprints, so at first he was dubious. "They took a cell phone picture of the book and texted it to me, and I realized it was an Action #1," he says.
Fishler is no stranger to this title, having brokered the record-breaking sale of an Action #1 in February (for $1 million), only to break that record a month later by selling another copy for $1.5 million. This copy will go on display at this weekend's Comic-Con in San Diego, where it will also be officially graded. Fishler figures it will garner a VG+ (Very Good) rating and should fetch upwards of $250,000 when it goes up for auction on ComicConnect.
Asylum was able to get a reaction from the owner (who wants to remain anonymous), who said through Fishler that the family was "still a little shell-shocked about finding this book. I was so nervous when I realized what it was worth. I know
Thankfully, it looks like they'll get to keep theirs.


























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Friday 23 July
By mark
that is absolutely amazing and a great story. im so happy for these people. right in the middle of hard times superman comes to the rescue in real life. awesome.
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Friday 23 July
By Mary
Wonderful, simply wonderful story! :-)
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Friday 23 July
By Burt
Why is this one only worth $250K? Condition?
Reply
Friday 23 July
By Capwhan
Comics, money including coins and paper money and other things such as cars are all worth money with their condition meaning how much.
Friday 23 July
By pixed
Ok, this house had been in the family since the 1950s and it was in foreclosure? No one had been able to pay off the mortgage in over 50 years? I'm glad they found the comic book and are able to keep the home, but something seems wrong about that. Are the taxes that bad?
Also, I suspect the auction estimate is lower because a) like the housing market, the floor has fallen out under the collectibles market too, or b) it is only a preauction estimate and many times these items sell for more that the estimate
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Sunday 25 July
By Kerby
Home equity loans were pushed big just a few years back. Plus, Home loans became the only loans you could write the interest off on your taxes. Fully owning a home means a lot of equity to go and buy that boat or car you can't really afford but can stick on a 10 or 20 year home equity loan.
Sunday 30 January
By clark kent says get bent
--- i am glad you noticed that the house is in forclosure. this much you are right about. where you are wrong is that it is possible that the house was borrowed on or that money had been borrowed from the bank using the house as equity and that could explain why the house was in danger of being taken by one of the many banks out in the world. this is not "wrong." this is "possible" and was "overlooked as a possibility" by you.
despite you noticing and commenting at length on how it seems "wrong" they still owe, it is no surprise that you are unaware that the book mentioned in the article and is the centerpiece of the article (action comics #1 1938) also had a condition appraised: VERY GOOD (VG+) and on a scale of 1 to 10 (which has recently been adopted within the last decade) is about a 4.5--the price listed for a previous copy going for 1 million and then 1.5 million is for a copy professionally graded at a much higher grading--the second highest and the highest graded copy in fact-- and the price reduces for each lower grade, since it is a scale. you wouldn't pay full price for a lamborghini without an engine as you would for one with one?
the collecting market is not affected as the housing market because A)it is international as well as exclusive to the rich and B)the interest in comicbooks and characters has increased with movies making previously unknown characters and stories mainstream. your statement is now appearing to be much less informed, and i would appreciate that if you want to comment about an article about comics, housing and the economy to not do so from an ignorant perspective, to check the links PROVIDED in the article, and to be at least informed on one or more subjects that is addressed. i hope this answers burt's question.
you also don't know dick about auctions either. read a book.
Friday 23 July
By Ryan
I'm in my mid 50s now, but when I was a kid, my older brother and I had several of the first and early comics of the Marvel Comic's Stan Lee creations. They were cheap back then, and we had a lot of them. Back in those days, folks used to burn most of their trash in burning barrels, and my dad used to grab one or two of our comic books to start the fire with. Another time, my folks decided to spring clean up the house and got rid of the bulk of our comics since "there's no need to save em, you've read em a dozen times by now". Sad, so sad...
Reply
Wednesday 28 July
By a@z
I feel for you, man.
(Probably just like my original Erector building set, or the first Hot Wheels cars, etc. but definitely not in those stratospheric millions of dollars...)
Saturday 24 July
By briock
This story makes no sense in terms of foreclosure. The family has owned it since the 1950s and were facing foreclosure? So they have had this house for anywhere from 51-60 years and were facing foreclosure?
Reply
Saturday 24 July
By Pat
A clean title on a piece of land would get you a big chunk of cash six years ago.
Saturday 24 July
By ping10
Maybe the house was passed down to the next generation but had to be paid for. So the current owners got a loan to pay off mom, dad or an uncle. It really wasnt that had people was it?
Saturday 24 July
By laurie
You can have a paid off house and get a loan,a mortgage or borrow against it's worth.If family members repeatedly did this-yes-it could end up in foreclosure,even after 50 yrs.Mind boggling,isn't it?
Reply
Saturday 24 July
By frank
Clark Kent does the impossible all over again ! Perry White is
confused, Lois Lane is hot and bothered and Jimmmy is always
getting Coffee ! The 1930's were an impressive time in History !
Reply
Sunday 25 July
By thinkingperson
When I think of all the comic books I had as a child, and my parents threw out in the garbage.....
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