Rare 1938 Superman comic book auctioned for $175,000

  • A rare comic book marking the debut of Superman has been sold for $175,000 at auction, comic book seller Comicconnect.com said on Wednesday.

    The identity of the buyer in the online auction, which ended on Tuesday, has not been disclosed.

    The Action Comics No. 1 comic book dates back to June 1938 and features the first appearance of the superhero by writer Jerry Siegel and illustrator Joe Shuster.

    It was estimated to sell for about $100,000.

    The comic was sold by building contractor David Gonzalez, who found it amongst newspapers used as insulation in a wall during a renovation of his home in Hoffman, Minnesota.

    The book's condition was rated 1.5 out of 10 because its back cover was accidentally ripped off after it was discovered.

    A mint condition copy of Action Comics No. 1 could sell for about $3 million. In 2011, a 9.5 graded copy of Action Comics No. 1 sold for $2.16 million.

    There are only about 100 remaining copies of the original left.

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