Friday, February 27, 2009

Look! ... Up In The Sky! .. It's A Bird! ... It's A Plane! ...It's A $400K Comic Book!

If Antiques Roadshow hasn't gotten people rooting around in their attics, this story today will likely get a few people off their rumps to start digging;

'Unrestored' copy of first Superman comic book for sale

Why is this comic book so unique?

"Of the 100 existing copies, 80 percent have been restored, but people want an untouched copy," Fishler said. The book is listed in "fine" condition, a six on the 10-point rating scale.

"It's the Holy Grail of comic books," Fishler said.

Co-created by Jerry Siegel and Joe Shuster, the comic book first appeared on newsstands for 10 cents a copy in June 1938.

Nearly 12 years later, a young boy on the West Coast found himself in a secondhand book store, where he persuaded his dad to loan him 35 cents to buy the comic book.

Until 1966, the owner forgot about the book, which was hidden in his mother's basement. Since then, he's been holding onto it, hoping to see it increase in value, Fishler said. He has not been disappointed.

"There has been a lot of interest shown on the book in the collectibles market," said Fishler, who predicted the comic book will sell for about $400,000. But, he added, no minimum price has been set for the auction, so "whatever it sells for, it sells for.
Not a bad investment - 35-cents turning into $400,000.

We should be so lucky.

You can go HERE to make your bid

There's only 36 bids in so far, with $200,000 the top price at this point.

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