Guy Finds $100K Comic in Wall of Old House

Action Comics #1 up for auction

By Evann Gastaldo,  Newser Staff

Posted May 22, 2013 2:10 PM CDT

(Newser) – David Gonzalez bought an abandoned home in Elbow Lake, Minnesota, for about $10,000, planning to remodel it. But he ended up getting more than he bargained for—more than 10 times more, it seems. In the walls of the house, amid the newspapers used as insulation, Gonzalez found a copy of the Holy Grail of comic books: 1938's Action Comics #1, the first appearance of Superman. He's auctioning it off, and the current bid is more than $113,000; the auction ends on June 11, the Minneapolis Star Tribune reports.

Pristine copies of Action Comics #1 have sold for more than $2 million, but this copy was already in fairly poor condition, considering it had been used as insulation for decades. Then, when Gonzalez invited his in-laws to look at his find, his wife's aunt grabbed the comic; Gonzalez grabbed it back, and the back cover tore. "That was a $75,000 tear," says the co-owner of the auction house selling the book. Even so, collectors have been wowed by the book, considering it's never been traded or resold and is "like a virgin comic," says another co-owner. And Gonzalez isn't upset about the tear: "Money won't buy you happiness," he says. What it will buy him: "I always wanted a 1992 Camaro IROC Z28," he tells the New York Daily News. "I think I have enough money to buy my Camaro now." He also plans to pay off his house and truck, and his wife will finish school.

A copy of Action Comics #1.   (AP Photo/Courtesy of Heritage Auctions)
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