Wednesday, February 22, 2012

The Two Million Dollar Comic Book Collection


An amazing array of comic books hit the auction blocks.

From a piece on Yahoo News...

The collection includes an Action Comics No. 1, from 1938, which features the first appearance of Superman and is expected to sell for about $325,000. A Detective Comics No. 27, from 1939, features the first appearance of Batman and is expected to get about $475,000. A Captain America No. 2, from 1941, in which the hero bursts in on Adolf Hitler is expected to bring in about $100,000.

"The scope of this collection is, from a historian's perspective, dizzying," said J.C. Vaughn, associate publisher of Overstreet.

Most comics from the golden age — the late 1930s into the 1950s — fell victim to wartime paper drives, normal wear and tear and mothers throwing them out, said Vaughn. Of the 200,000 copies of Action Comics No. 1 produced, about 130,000 were sold and the about 70,000 that didn't sell were pulped. Today, experts believe only about 100 copies are left in the world, he said.

The collection up for auction was discovered last year by a man cleaning out his late great aunt's house in Martinsville, Va., following her death. When Michael Rorrer opened up a basement closet, he found the neatly stacked comics that had belonged to his late great uncle Billy Wright, who died in 1994 at age 66.
Experts say the comics are significant not only for the number of rare books, but also because they were kept in such good condition and because they were kept for all of these years by a man who bought them as a boy.


UPDATE: Scratch that. Make it the $3.5 million dollar collection.

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