They had mortgaged their family home in order to start a new business, which unfortunately, because of our faltering economy, had failed, and the bank had called the loan. The dreadful news this southern family had to face was that the home they had lived in for nearly 60 years was to be foreclosed. They were packing up, and in the process of cleaning out the basement, they found a box of old comic books, which they instantly recognized could have some value. They were right, and after making some strategic phone calls found most of the books were worth at the most about $30.00, but one of them was exceptional. A copy of Action Comics #1 dated June 1938, was nestled there among the others. It has been given a grade of 5.0 (very good/fine) and, at auction, will likely bring a quarter of a million dollars! It turns out that another copy of this same issue sold for $1.5 million this last March. The cover shows Superman, the Man of Steel, lifting a car above his head. The copy is extremely rare.
It was online that the couple learned that ComicConnect.com had brokered the record-breaking sales of Action No. 1 copies for $1 million in February and then $1.5 million one month later. They immediately texted a cell phone picture to the firm’s co-owner, Stephen Fishler.
The company’s owner got on the phone with the bank and persuaded managers to hold off on the foreclosure. “My partner basically had to explain to the bank, ‘You’ll have your money soon. We sent them information about our previous sales and what this could realize,” said the comic company’s co-owner. “You couldn’t have asked for a happier ending,” he added. “Superman saved the day.” The comic will be auctioned later this month.
Isn’t that the neatest story. I’m so happy for this family who has decided to remain anonymous. I suspect that by today they have unpacked the boxes they so sadly filled, and are settled back in the house they almost lost…but that with one fell swoop, Superman saved for them.